Unit trust returns plunge below rate of inflation

 A securities trader at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. FILE PHOTO | NMG

Annual unit trust returns have fallen below the rate of inflation, signalling erosion of investor wealth as the high cost of living continues to eat into household budgets and savings.

Analysis of annual rates on shilling-denominated money market funds shows that the majority of the country’s 20-unit trust schemes are paying between eight percent and 9.5 percent to investors.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.