All You Need to Know About the Etica Special Multi-Asset Fund

A report by the Capital Markets Authority for Q1 2026 shows that more Kenyans are investing in special funds as they look for returns beyond MMFs and other investment vehicles. At the end of March 2026,  special funds had Ksh206 billion in Assets Under Management (AUM).

Previously, we have covered the Mansa X Special Fund, Oak Special Fund and the Arvocap Special Fund. In this article, we review the Etica Special Multi-Asset Fund, which was operationalised in November 2025

Here is a breakdown of how it works, who qualifies and everything you need to know before investing.

The fund is a Collective Investment Scheme managed by Etica Capital Limited. The fund seeks to achieve long-term capital appreciation by investing in a diversified portfolio of securities across multiple asset classes.

Unlike traditional funds that may focus on a single asset category, the fund invests in a diversified portfolio that includes equities listed on the NSE and across Sub-Saharan Africa, government bonds in Kenya and the East African Community (EAC), commercial papers, offshore securities, foreign currency trading, derivatives, securities lending and borrowing, as well as cash and cash equivalents.

At the end of the 2026 Q1, its AUM was Ksh1.9 billion.

Also Read: All You Need to Know About Mansa X, the Special Fund Offering 24% Returns.

Etica Special Multi-Asset Fund Investment Requirements and Fees

• Minimum investment: Ksh250,000
• Minimum top-up: Ksh100,000
• Management fee: Up to 5% of the net asset value
• Trustee fee: 0.25% of the net asset value
• Custodian fee: 0.15% of the net asset value

The fund does not charge an initial fee or an exit fee. However, investors should note the following annual charges:

Payments can be made via M-Pesa and bank transfer

Investments in the fund are also locked for six months beginning from the investment date. Upon expiry of the six months, investors have a five-day withdrawal window. 

If no withdrawal request is submitted within that period, the investment is automatically rolled into another six-month lock-in cycle.

Also Read: Special Funds With the Highest Returns in Q1 of 2026

Etica Special Multi-Asset Fund Returns

According to the fund's latest available data, the periodic net return for the first quarter of 2026 was 5.02%. Returns are distributed and compounded quarterly.

Because the fund actively invests across different asset classes and markets, returns may vary depending on prevailing market conditions and the performance of underlying investments.

Benefits of investing in the Etica Special Multi-Asset Fund

1. Diversification: The fund spreads investments across different asset classes, sectors, and markets, reducing reliance on a single source of returns.
2. Professional management: Investment decisions are made by professional fund managers with experience in portfolio construction and risk management.
3. Access to multiple markets: Investors gain exposure to both local and international opportunities through a single investment vehicle.
4. Compounding returns: Quarterly compounding allows returns to be reinvested, potentially accelerating long-term portfolio growth.

Risks of investing in the Etica Special Multi-Asset Fund

1. Market risk: The value of investments can fluctuate depending on market performance. International investments also expose the fund to currency movements and developments in global markets.
2. Liquidity risk: The six-month lock-in period limits immediate access to invested funds.
3. Performance risk: Future returns depend on investment decisions and prevailing market conditions and cannot be guaranteed.

Also Read: Oak Special Fund: All You Need to Know About the Fund Offering Over 20% Net Returns

How to Start Investing in the Etica Special Multi-Asset Fund

To invest, you will need to register with Etica Capital, which can be done online through their website.

The details required inlude phone number, email, a psawword, ID card or pasport, a KRA Pin and a passport photo.

“The fund invests in a wide range of asset classes including equities as well as fixed income markets. While these asset classes present investors with potential for capital gains, and higher long-term return potential, they also expose the investor to price swings due to market volatility during some economic cycles and thus suitable for investors seeking medium- to long-term returns and able to tolerate periodic fluctuations in portfolio value,” the fund noted in its fact sheet.