Top 20 Money Market Funds in Kenya (Jan 2025): Your Ultimate Guide

Are you looking to make your money work for you without the stress of high-risk investments? Money market funds in Kenya might just be the answer. These low-risk, high-liquidity investment vehicles are perfect for those looking to preserve capital while earning decent returns.

In this comprehensive guide, we’ll dive into the top 20 money market funds in Kenya for 2025, comparing their performance, fees, and unique features.

Let’s find the perfect fund for your financial goals.

Top 20 Money Market Funds in Kenya for 2025

1. Cytonn Money Market Fund

2. Lofty Corban Money Market Fund

3. GulfCap Money Market Fund

4. Etica Money Market Fund

5. Kuza Money Market Fund

6. Arvocap Money Market Fund

7. Orient Kasha Money Market Fund

8. Dry Associates Money Market Fund

9. Sanlam Money Market Fund

10. Madison Money Market Fund

11. Faulu Money Market Fund

12. Co-op Money Market Fund

13. KCB Money Market Fund

14. Nabo Africa Money Market Fund

15. Britam Money Market Fund

16. Apollo Unit Trust Money Market Fund

17. Guardian Money Market Fund

18. Fusion Capital Money Market Fund

19. SIB Money Market Fund

20. ABC Money Market Fund

What Are Money Market Funds?

A money market fund (MMF) is a type of unit trust that pools money from multiple investors to invest in short-term, low-risk securities such as Treasury bills, commercial paper, and fixed deposits. MMFs are ideal for risk-averse investors looking for steady income and capital preservation. In Kenya, they’ve become increasingly popular thanks to their flexibility, accessibility, and competitive returns compared to traditional savings accounts.

Why Invest in Money Market Funds in Kenya?

1. Low Risk: MMFs invest in secure, short-term assets, making them one of the safest investment options.
2. Liquidity: You can easily withdraw your money, often within 24-48 hours.
3. Higher Returns: MMFs offer better returns compared to savings accounts.
4. Flexibility: Low minimum investment requirements make MMFs accessible to many investors.
5. Compounding: Reinvested earnings can grow your capital faster.

Top 20 Money Market Funds in Kenya for 2025

Below, we’ve ranked Kenya’s leading money market funds based on returns, fees, accessibility, and unique features.

1. Cytonn Money Market Fund

• Annualized Return: 16.61%
• Minimum Investment: KSh 1,000
• Features: Industry-leading returns, aggressive strategy

2. Lofty Corban Money Market Fund

• Annualized Return: 16.26%
• Minimum Investment: KSh 2,500
• Features: High returns, great for short-term investments

3. GulfCap Money Market Fund

• Annualized Return: 16.25%
• Minimum Investment: KSh 5,000
• Features: Secure investments, backed by GulfCap.

4. Etica Money Market Fund

• Annualized Return: 15.90%
• Minimum Investment: KSh 100
• Features: Excellent mobile app, low entry barrier, and daily compounding.

5. Kuza Money Market Fund

• Annualized Return: 15.39%
• Minimum Investment: KSh 500
• Features: Competitive rates, beginner-friendly.

6. Arvocap Money Market Fund

• Annualized Return: 15.12%
• Minimum Investment: KSh 2,500
• Features: Reliable returns, strong customer support.

7. Orient Kasha Money Market Fund

• Annualized Return: 14.18%
• Minimum Investment: KSh 1,000
• Features: Transparent fee structure, easy withdrawals.

8. Dry Associates Money Market Fund

• Annualized Return: 13.73%
• Minimum Investment: KSh 5,000
• Features: Long-standing reputation, excellent advisory services.

9. Sanlam Money Market Fund

• Annualized Return: 13.65%
• Minimum Investment: KSh 2,500
• Features: Comprehensive customer support, established brand.

10. Madison Money Market Fund

• Annualized Return: 13.62%
• Minimum Investment: KSh 2,000
• Features: Flexible withdrawal terms, user-friendly platform.

11. Faulu Money Market Fund

• Annualized Return: 13.55%
• Minimum Investment: KSh 1,000
• Features: Accessible via mobile platforms, competitive rates.

12. Co-op Money Market Fund

• Annualized Return: 13.34%

• Minimum Investment: KSh 5,000
• Features: Strong backing by Co-op Bank, secure investments.

13. KCB Money Market Fund

• Annualized Return: 13.33%
• Minimum Investment: KSh 1,000
• Features: Backed by KCB Bank, strong customer support.

14. Nabo Africa Money Market Fund

• Annualized Return: 13.14%
• Minimum Investment: KSh 2,500
• Features: Focus on diversification, growing reputation.

15. Britam Money Market Fund

• Annualized Return: 13.12%
• Minimum Investment: KSh 1,000
• Features: Easy online access, flexible withdrawal terms.

16. Apollo Unit Trust Money Market Fund

• Annualized Return: Not specified
• Minimum Investment: Not specified
• Features: Diversified portfolio, solid long-term growth potential.

17. Guardian Money Market Fund

• Annualized Return: Not specified
• Minimum Investment: Not specified
• Features: Secure and steady returns, backed by Guardian Group.

18. Fusion Capital Money Market Fund

• Annualized Return: Not specified
• Minimum Investment: Not specified
• Features: Tailored to investors seeking stability and modest growth.

19. SIB Money Market Fund

• Annualized Return: Not specified
• Minimum Investment: Not specified
• Features: Conservative approach, focus on capital preservation.

20. ABC Money Market Fund

• Annualized Return: Not specified
• Minimum Investment: Not specified
• Features: Well-established, safe investment option.

How to Choose the Best Money Market Fund

1. Compare Returns: Look for annualized returns that outpace inflation.
2. Check Fees: Ensure management fees don’t erode your returns.
3. Accessibility: Consider minimum investment amounts and withdrawal flexibility.
4. Fund Reputation: Opt for funds managed by reputable companies.
5. Customer Support: Evaluate the ease of accessing help when needed.

Frequently Asked Questions

1. Are money market funds in Kenya safe?

Yes, they are considered low-risk as they invest in secure, short-term assets like Treasury bills and fixed deposits.

2. How do I start investing in a money market fund?

Simply visit the fund manager’s website, fill out an application form, and deposit the minimum required amount.

3. Can I lose money in a money market fund?

While rare, losses can occur in extreme market conditions. However, Kenyan funds are regulated, ensuring investor protection.

4. How soon can I withdraw my money?

Most funds allow withdrawals within 24-48 hours, making them highly liquid.

Final Thoughts

Money market funds in Kenya are an excellent way to grow your wealth while minimizing risk. Whether you’re a seasoned investor or just starting, there’s a fund for everyone. With this guide, you’re well-equipped to make an informed decision. Ready to take the first step? Choose a fund from our list and start growing your money today!

Note: Present performance is not indicative of future results. Always consult a financial advisor before making investment decisions.