Fixed-deposit type yields. 24hr liquidity.
Old Mutual Money Market Fund
Steady income. No lock-ins. No early exit penalties.
What you’re getting
Old Mutual’s AA+ rated Money Market Fund, now in token form on Mesh.
Issued by Old Mutual, this is the first institutional tokenised money market fund offered directly to the public in South Africa. It’s a fund that has never posted a negative calendar-month return since its launch in 1998.
Looking for steady daily growth and daily liquidity, (business-day cut-offs apply), AA+ (GCR) rated and benchmarked to STeFI Composite, the Old Mutual Money Market Fund is your trusted low-risk home for short-term returns on your SA Rands.
Please Note: Yields vary and aren’t guaranteed. Past performance isn’t a guide to future results.
Why it’s compelling?
Who it's for
Investors wanting a low-risk, liquid parking place for ZAR cash.
Individuals and businesses seeking steady returns without long lock-ups.
Portfolio management allocators building a defensive cash carve out to smooth portfolio volatility.
Please Note: Not designed to beat inflation over long horizons.
Why this Fund?
- First to Market in SA:
The first tokenised Money Market Fund offered directly to the public by a leading SA Asset Manager. - Proven Resilience:
No negative calendar-month return since launch (1998).* - Quality and Oversight:
AA+ (GCR) rating; benchmarked to STeFI Composite; managed by Futuregrowth (PM: Nadia Ismail). - Steady Returns:
Yield is declared daily and delivered to you through a continuous increase in the token’s price, reflecting the daily compounding of your investment - No Lock-Ups:
You can redeem within 24 hours(next business day, cut-off dependent) with no early exit penalties.
*Past performance is not a guide to future results.
Recent Annualised Performance (Class A)
Yields vary and are not guaranteed.
Start Investing in three simple steps
Step 1
Sign Up
Create your account and verify your identity.
Step 2
Fund Your Account
Transfer funds into your Mesh account via EFT or Card Payment.
Step 3
Invest
Invest in the Old Mutual Money Market Fund.
Key Facts
ASISA:
SA Interest Bearing – Money Market
Launch Date:
26 Aug 1998
Recommended Term
1 year
Suggested
Benchmark:
STeFI Composite
Risk Rating:
Low
Manager:
Futuregrowth Asset Management
JSE Share Code:
AA+ (GCR)
Important notes:
- The fund aims to outperform bank depositsover time while preserving capital; returns aren’t guaranteed.
- Not Regulation 28 by Deed; manager operates to Reg 28 day-to-day.
- Money market funds may not beat inflationover long periods.
Yields vary and are not guaranteed. Next business day access subject to platform and fund cut-offs and business-day processing. Past performance is not a guide to future returns. Tax treatment depends on your circumstances.
Easy acces to the Old Mutual Money Market Fund