The Madison Gratuity Investment Fund is a product that allows an employer to make adequate provisions to cater for the benefit payment an employee receives at the end of their employment contract.

The Gratuity Investment Fund is managed as a 100% money market based fund in order to ensure capital preservation and provide the necessary liquidity to meet liabilities as they crystallize. Interest earned is ploughed back into the fund as income to ensure continued growth. As the Fund is actively managed, this allows for growth arising from investment income and thereby reducing the overall gratuity cost to the employer.  As gratuity liabilities become due, money to meet them can simply be withdrawn from the Fund.  The gratuity benefit is subject to tax in the hands of the beneficiary as per prevailing tax regulations.