How Safaricom Mali Works
Safaricom Mali is a digital investment product that allows M-Pesa users to invest as little as Ksh 100 in a unit trust fund managed by Genghis Capital. The fund invests in a diversified portfolio of assets, including stocks, bonds, and money market instruments. Mali offers a number of benefits, including:
- Flexibility: You can invest and withdraw money from your Mali account whenever you want.
- Low fees: The fees charged by Mali are very low, making it a cost-effective way to invest.
- Convenience: You can manage your Mali account through M-Pesa, which is the most popular mobile money platform in Kenya.
To get started with Mali, you need to have an M-Pesa account. Once you have an M-Pesa account, you can follow these steps to open a Mali account:
- Dial *848# and select “Mali”.
- Enter your M-Pesa PIN.
- Enter the amount you want to invest.
- Confirm your investment.
Your Mali account will be opened and your investment will be credited to your account. You can track the performance of your investment by logging into your Mali account through M-Pesa.
Here are some of the risks associated with investing in Mali:
- Market risk: The value of your investment in Mali can go up or down depending on the performance of the underlying assets.
- Liquidity risk: It may be difficult to sell your investment in Mali if there are not enough buyers in the market.
- Management risk: The performance of Mali is dependent on the investment decisions made by Genghis Capital. If Genghis Capital makes poor investment decisions, the value of your investment may decline.
Before you invest in Mali, you should carefully consider the risks involved. You should also make sure that you understand the investment objectives of Mali and that you are comfortable with the level of risk involved.
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