Best Performing Money Market Funds in Kenya (Jan 2025): Top 10 Picks & Rates

If you're looking for the best-performing money market funds in Kenya (2025), you're in the right place. Money Market Funds (MMFs) are a low-risk investment option that provides higher returns than traditional savings accounts while offering liquidity and stability.

But with so many options, how do you choose the best one? Which MMFs are delivering the highest interest rates right now? Let's dive into the latest rankings, interest rates, and expert insights to help you make an informed decision.

Top 10 Best Performing Money Market Funds in Kenya (2025) – Latest Interest Rates

1️⃣ Lofty Corban Money Market Fund – 16.64% p.a.

2️⃣ Cytonn Money Market Fund– 16.64% p.a.

3️⃣ Etica Money Market Fund – 15.95% p.a.

4️⃣ Arvocap Money Market Fund – 15.78% p.a.

5️⃣ Kuza Money Market Fund (KES) – 15.73% p.a.

6️⃣ GenAfrica Money Market Fund – 14.98% p.a.

7️⃣ Apollo Money Market Fund – 14.86% p.a.

8️⃣ Nabo Africa Money Market Fund – 14.67% p.a.

9️⃣ Jubilee Money Market Fund – 14.60% p.a.

🔟 KCB Money Market Fund – 14.41% p.a.

What is a Money Market Fund in Kenya?

A Money Market Fund (MMF) is a type of unit trust that pools funds from investors and invests in low-risk, short-term financial instruments such as:

✅ Treasury Bills (T-Bills)

✅ Fixed Deposits

✅ Corporate Bonds

✅ Government Securities

MMFs offer a stable return and quick access to your funds, making them a popular choice for:

• Investors seeking passive income
• Business owners looking for a safe place to park their cash
• People saving for short-term goals

How Do Money Market Funds Work in Kenya?

Money market funds pool investments from multiple investors and place them in low-risk financial instruments. In return, investors receive daily interest based on the fund’s performance. The interest earned is usually compounded and reinvested, growing your capital over time.

Key Factors to Consider When Choosing an MMF:

1. Annual Yield (Interest Rate): The higher the rate, the better.
2. Management Fees: Some funds charge higher fees, reducing net returns.
3. Fund Size & Stability: Larger, well-established funds tend to be safer.
4. Liquidity: Ensure you can withdraw your money without penalties.
5. Reputation of Fund Manager: Choose a trusted and regulated fund manager.

Top 10 Best Performing Money Market Funds in Kenya (2025) – Latest Interest Rates

As of January 2025, MMF interest rates have seen a slight decline due to falling Treasury Bill rates. However, some funds are still offering attractive returns. Here’s a breakdown of the top-performing MMFs in Kenya right now:

1. Lofty Corban Money Market Fund

• Interest Rate: 16.64% p.a. 🔥 (Highest rate in Kenya!)
• Minimum Investment: Ksh 1,000
• Withdrawal Time: 24-48 hours

2. Cytonn Money Market Fund

• Interest Rate: 16.64% p.a.
• Minimum Investment: Ksh 1,000
• Withdrawal Time: 24-48 hours

3. Etica Money Market Fund

• Interest Rate: 15.95% p.a.
• Minimum Investment: Ksh 100 (Lowest entry amount!)
• Withdrawal Time: 24-48 hours

4. Arvocap Money Market Fund

• Interest Rate: 15.78% p.a.
• Minimum Investment: Ksh 5,000
• Withdrawal Time: 24-48 hours

5. Kuza Money Market Fund (KES)

• Interest Rate: 15.73% p.a.
• Minimum Investment: Ksh 5,000
• Withdrawal Time: 24-48 hours

6. GenAfrica Money Market Fund

• Interest Rate: 14.98% p.a.
• Minimum Investment: Ksh 5,000
• Withdrawal Time: 24-48 hours

7. Apollo Money Market Fund

• Interest Rate: 14.86% p.a.
• Minimum Investment: Ksh 10,000
• Withdrawal Time: 24-48 hours

8. Nabo Africa Money Market Fund

• Interest Rate: 14.67% p.a.
• Minimum Investment: Ksh 100,000 (Higher entry requirement!)
• Withdrawal Time: 24-48 hours

9. Jubilee Money Market Fund

• Interest Rate: 14.60% p.a.
• Minimum Investment: Ksh 5,000
• Withdrawal Time: 24-48 hours

10. KCB Money Market Fund

• Interest Rate: 14.41% p.a.
• Minimum Investment: Ksh 5,000
• Withdrawal Time: 48 hours

📌 Note: These interest rates are based on October 2024 data. Always check with fund managers for the latest rates.

Why Are MMF Interest Rates Declining?

The decline in MMF interest rates can be attributed to two major factors:

1️⃣ Falling Treasury Bill Rates:

• Money Market Funds invest heavily in T-bills, so when T-bill rates drop, MMF returns also decrease.
• In October 2024, T-bill rates fell by 0.5%, impacting most MMFs.

2️⃣ Monetary Policy Changes by the Central Bank of Kenya (CBK):

• In October 2024, the CBK lowered the benchmark interest rate from 12.75% to 12% to stimulate economic growth.
• Lower rates mean cheaper borrowing, but reduced investment returns for savers.

(Source: money254.co.ke, businesstoday.co.ke)

How To Invest in Market Funds Work in Kenya?

Wondering how MMFs operate? Here’s a simple step-by-step process:

1️⃣ Choose an MMF – Pick one with high returns, quick withdrawals, and a low minimum deposit.

2️⃣ Deposit Funds – Invest via bank transfer, M-Pesa, or standing orders.

3️⃣ Fund Managers Invest Your Money – They place your funds in safe, short-term assets.

4️⃣ Earn Daily Interest – Your returns accumulate daily and compound over time.

5️⃣ Withdraw Anytime – Enjoy fast, hassle-free access to your money when needed.

How to Choose the Best Money Market Fund in Kenya

When selecting an MMF, consider these key factors:

🔹 Interest Rates: Higher rates = better returns.

🔹 Liquidity: Choose a fund with quick withdrawal times (24-48 hours is ideal).

🔹 Minimum Investment: Pick one that fits your budget.

🔹 Fund Manager Reputation: Stick with trusted and regulated firms.

🔹 Fees & Charges: Some funds have hidden fees – always check before investing.

Conclusion – Should You Invest in a Money Market Fund in 2025?

💡 YES! MMFs remain one of the best low-risk investment options in Kenya.

Despite the recent drop in interest rates, some funds are still offering double-digit returns, making them a great place to park your cash for short-term or emergency savings.

✔️ Best for:

✅ Short-term investors

✅ Business cash reserves

✅ Passive income seekers

FAQs

1. What is the best performing money market fund in Kenya?

As of 2025, Cytonn Money Market Fund offers the highest returns (16.64% per annum).

2. How do money market funds work in Kenya?

MMFs invest in low-risk financial instruments and distribute daily interest to investors.

3. Where can I get the best performing money market funds in Kenya PDF?

Most fund managers provide detailed PDFs on their official websites. Check CIC, Britam, KCB, and Cytonn websites for updates.

4. What are the risks of money market funds in Kenya?

While MMFs are low-risk, they are not insured, and returns may fluctuate based on interest rates.

5. How do I withdraw from a money market fund?

Most funds allow mobile money (M-Pesa) withdrawals within 24-48 hours.

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📢 Pro Tip: Diversify your portfolio – don’t put all your money in one MMF. Consider spreading your investment across two or more high-performing funds for better stability.

🚀 Final Thought: If you’re looking for high returns, liquidity, and safety, Kenya’s top-performing MMFs are still a solid choice in 2025.