Mansa X Reviews [What to know before joining]

Mansa X reviews: Know more about Mansa X money fund before joining.

Mansa X is a Kenyan investment product offered by Standard Investment Bank (SIB).

Now, the product has one of the best interest rates (it sometimes pays over 18% per annum) compared to other money market funds, which rarely exceed 12%. As a result, Mansa X is the best investment option in terms of returns.

As a matter of fact, it is regulated and licensed by the Capital Markets Authority (CMA), making it extremely legitimate.

Due to its high returns, it is licensed as the first online forex trading manager in Kenya by the CMA online forex trading authorities.

Before you join the investment plan, it is a good idea to read through the Mansa X reviews to get an understanding of what you are getting into.

Let’s get started.

Mansa X Reviews

Mansa-X is a globally and locally diversified fund that invests in a wide range of asset classes.

In this review, I’ll go over the most important things you should know before signing up.

What is Mansa x?

Mansa X is a Kenyan-domiciled regulated fund that invests in both domestic and global markets.

The fund is a product of Standard Investment Bank, which is licensed under the CMA Online Forex Trading Regulations, 2017 as Kenya’s first online forex trading money manager.

The typical investment bank is a leading investment services firm in Kenya that was founded in 1995.

Mansa X is a multi-asset strategy fund with a long/short trading model that aims to maximize returns for clients even in volatile market conditions while protecting their capital from downside risks.

The fund accomplishes this through the use of complex portfolio allocation techniques.

What am I investing in?

The Mansa X fund primarily invests in the world’s major stock exchanges, including the New York Stock Exchange (NYSE), the London Stock Exchange (LSE), the Frankfurt Stock Exchange (FRA), and the Hong Kong Stock Exchange (HKG).

Aside from online forex markets, the money manager exposes investors to both local and global assets.

These assets include:

Local Assets:

NSE equities
NSE derivatives
Exchange-Traded Funds
Fixed Income such treasury bills and bonds
Cash and cash equivalents

Global Assets:

Currencies such as G10 currencies, emerging markets currencies.
Stock indices such as S&P 500, NIKKEI,FTSE
Single stocks such as zoom, Microsoft, Netflix
Precious metals such as gold, silver, premium, palladium
Commodities such as coffee, Brent crude, WTI crude
Fixed income such as Eurobonds
Derivatives

Fees involved

Just like any other fund management service, there are some fees associated with investing in Mansa X.

Among these are:

0% initial fee
0% redemption fee
5% annual management fee prorated daily over 365 days
10% performance fee applied on the surplus for a return earned above 25% hurdle rate.

Side note: Mansa X fund has consistently delivered an average net return of 17.2% to its clients since inception.

Why should I invest in Mansa X?

These are the benefits of investing in Mansa X fund.

Diversification away from traditional asset classes like Kenyan equities, fixed income, and real estate.

Furthermore, Mansa X can trade over 200 asset classes, giving investors more opportunities to maximize returns while protecting their capital in the event of adverse market movements in any of the asset classes.

Funds trade in markets globally, such as Sydney, Tokyo, Nairobi, London, and New York 24 hours a day, maximizing your earning potential.
Dollar return: Mansa invests in USD thus compensates for KES depreciation and inflation.
Trading amounts greater than your capital enables the fund to deliver higher than market returns.
Trading opportunities: Whether the markets are rising or falling, the funds have the potential to profit.
Guaranteed liquidity: the ease with which your funds can be accessed. Partial withdrawals are processed within two working days, and full withdrawals are processed within three working days.
Both online money managers and online brokers in Kenya have a local presence.

Is Mansa X legit?

Mansa X is licensed and regulated by CMA.

Is Mansa X regulated by CMA?

Mansa X is fully regulated by the Capital Market Authority (CMA).

Meaning that:

CMA ensures that Mansa X has proper trading systems and can execute properly in the client’s interest.
It also ensures that Mansa X has knowledgeable and experienced personnel to handle the responsibilities that have been assigned to them.
CMA ensures that Mansa X’s policies and procedures are in accordance with their laws and market regulations i.e., Mansa X’s operations are governed by approved policies and procedures.

How does Mansa X protect investors’ capital against loss?

There are internal controls and mechanisms that protect the capital of investors.

These include:

SIB ensures that they have proper trading systems in place and that traders are able to execute their trades efficiently and on time.
SIB has knowledgeable traders who are experienced and are sourced from banks and can trade the trades without interference.
They also have an investment council that meets every week to discuss the upcoming trade as well as the previous week’s performance.
All operations are guided by policies and procedures that have been written down and approved.

How to Join Mansa X

Follow the steps below to open a Mansa X investment account:

Contact Standard Investment Bank (SIB) at sib.co.ke, clientservices@sib.co.ke, or call +254 777 333 000.
Fill out the individual registration form (it will be sent to you through email). Complete the application form with the correct details.
Attach the documents specified on the registration form.
Follow the instructions on the registration form to transfer funds.
Submit your application to their email address.

Upon receipt of funds, SIB will send a confirmation to the registered email.

What is Mansa X minimum investment?

The minimum investment you can start with is Kshs. 250,000 for at least six months, and thereafter you can do a minimum top up of Kshs. 100,000.

What is maximum Mansa X investment?

There is no set amount that should be invested in the Mansa X money fund. You can invest as much as you like as long as it does not fall below Kshs. 250,000.

Mansa X reviews – their contacts

Office Location: 16^th floor JKUAT Building, Kenyatta Avenue, Nairobi, Kenya

Website: www.sib.co.ke

Telephone number: 0777 333 000 or 020 2277 000

Email: clientservices@sib.co.ke or info@sib.co.ke

Mansa X Reviews – Wrap up

Don’t let inflation erode the purchasing power of your hard-earned money; instead, invest in Mansa-X.

With no known drawbacks to the fund, I recommend that everyone invest in Mansa X.

ALSO READ:

Which is the best money market fund in Kenya?

How to join CIC money market fund

How to join Zimele money market fund