 have become increasingly attractive for Kenyan investors seeking low-risk, short-term investment options){kind=link}
Top 15 Money Market Funds in Kenya, Their Returns and Minimum Investment Requirements
Money Market Funds (MMFs) have become increasingly attractive for Kenyan investors seeking low-risk, short-term investment options. These funds are regulated by the Capital Markets Authority (CMA) and offer daily or monthly compounding of interest, making them ideal for saving while earning modest but stable returns. Below are the top-performing MMFs in Kenya as of January 2024, based on data from Vasili Africa:
Etica Money Market Fund
- Yield: 14.81%
- Initial Investment: KSh 100
- Top-ups: KSh 100
- Notes: Interest compounded daily
- Cytonn Money Market Fund
- Yield: 14.42%
- Initial Investment: KSh 1,000
- Top-ups: KSh 100
- Notes: Online/USSD signup, monthly compounding
- Apollo Money Market Fund
- Yield: 14.31%
- Initial Investment: KSh 1,000
- Top-ups: KSh 1,000
- GenAfrica Money Market Fund
- Yield: 14.29%
- Initial Investment: None
- Notes: No withdrawal limits; top-ups via online portal
- Lofty-Corban KSH Money Market Fund
- Yield: 14.27%
- Initial Investment: KSh 1,000
- Notes: Invests in T-bills, deposits, commercial paper
- Nabo Money Market Fund (KES)
- Yield: 14.11%
- Initial Investment: KSh 100,000
- Top-ups: KSh 10,000
- Sanlam Money Market Fund
- Yield: 13.57%
- Initial Investment: KSh 2,500
- Top-ups: KSh 1,000
- Enwealth Money Market Fund
- Yield: 13.49%
- Initial Investment: KSh 1,000
- Top-ups: KSh 1,000 monthly
- Zimele Fixed Income Fund
- Yield: 13.22%
- Initial Investment: KSh 100
- Top-ups: KSh 100
- Madison Money Market Fund
- Yield: 13.05%
- Initial Investment: KSh 5,000
- Top-ups: KSh 1,000
Other Notable Funds
- African Alliance Kenya MMF – 12.86%
- Kuza Money Market Fund – 12.78%
- Jubilee Money Market Fund – 12.77%
- GenCap Hela Imara Fund – 12.52%
- Co-op Money Market Fund – 12.44%
These MMFs provide flexible, low-entry investment options for Kenyans looking to grow their savings safely. With daily or monthly compounded interest and easy access via digital platforms, MMFs are an increasingly popular choice for both individuals and institutions. As of early 2024, returns of 12–14% annually are standard across the top-performing funds.
In other news:Shocking Dip in Remittances: Kenya Loses Sh2.1 Billion in June Alone as US Crackdown Bites
Top 15 Money Market Funds in Kenya, Their Returns and Minimum Investment Requirements