best money market fund in kenya 2025
Kenya’s money market funds (MMFs) offer attractive returns as 2025 begins. The average daily effective rate rose to 14.24% per annum in June, compared to 14.16% in May, signaling steady growth.
The Lofty Corban Money Market Fund led with a 16.92% average daily yield, providing a 14.38% net return after tax. Other key performers include:
- Etica MMF: 16.62% average daily yield.
- Cytonn MMF: 16.19% average daily yield.
- Kuza MMF: 16.04% average daily yield.
- Apollo MMF: 15.65% average daily yield.
MMFs remain a top choice for investors seeking reliable returns and liquidity in Kenya’s financial market.
Daily Average Yields for MMFs in 2025.
Daily Average Yields for MMFs in 2025
| NO. | FUND MANAGER | NET RETURN (%) |
|---|---|---|
| 1 | Lofty-Corban | 14.38 |
| 2 | Etica Capital Limited | 14.13 |
| 3 | Cytonn Asset Managers Limited | 13.76 |
| 4 | Kuza Asset Management Limited | 13.63 |
| 5 | Apollo Asset Management Company Limited | 13.30 |
| 6 | GenAfrica Asset Managers Limited | 13.14 |
| 7 | Nabo Capital Limited | 13.05 |
| 8 | Safaricom Financial Services | 12.95 |
| 9 | Enwealth Financial Services | 12.54 |
| 10 | KCB Group | 12.41 |
| 11 | Co-op Trust Investment Services Limited | 12.39 |
| 12 | Genghis Capital | 12.30 |
| 13 | Madison Investment Managers Limited | 12.28 |
| 14 | Jubilee Financial Services Limited | 12.27 |
| 15 | Sanlam Investments East Africa Limited | 11.99 |
Top 15 Money Market Funds in Kenya: January 2025 Rankings
Lofty-Corban KSH Money Market Fund (16.92%)
- Net return after tax: 14.38%
- Minimum investment: KES 1,000
- Features: Capital preservation, high liquidity, compounding interest, and investments in T-bills, bank deposits, and commercial papers.
Etica Money Market Fund (16.62%)
- Minimum investment: KES 100
- Features: High liquidity, no lock-in period, daily interest compounding.
Cytonn Money Market Fund (16.19%)
- Minimum investment: KES 1,000
- Features: No entry/exit fees, quick withdrawals, and daily interest accrual with monthly compounding.
Kuza Money Market Fund (16.04%)
- Minimum investment: KES 5,000
- Features: Focus on capital preservation, high liquidity, and investments in KES-dominated short-term securities.
Apollo Money Market Fund (15.65%)
- Minimum investment: KES 1,000
- Features: Low-risk investments, flexible top-up options, and guaranteed returns on fixed deposits, T-bills, and bonds.
GenAfrica Money Market Fund (15.46%)
- Features: No initial fees, unlimited withdrawals, and monthly email statements.
Nabo Money Market Fund (15.35%)
- Minimum investment: KES 100,000
- Features: High liquidity, zero fees, and recommended 3-month investment period.
Mali Money Market Fund (15.24%)
- Minimum investment: KES 100
- Maximum investment: KES 300,000/day
- Features: Instant M-PESA withdrawals, 2% annual management fee, and daily interest compounding.
Enwealth Money Market Fund (14.75%)
- Minimum investment: KES 1,000
- Features: High liquidity, quick liquidations, and no preliminary charges.
KCB Money Market Fund (14.60%)
- Minimum investment: KES 5,000
- Features: Focus on capital preservation and investments in T-bills, T-bonds, and low-risk assets.
Co-op Money Market Fund (14.58%)
- Minimum investment: KES 2,000
- Features: M-Pesa deposits, flexible withdrawals, and investments in T-bills and corporate notes.
GenCap Hela Imara Fund (14.47%)
- Minimum investment: KES 500
- Features: Daily interest computation, capital preservation, and easy sign-up via the G-Kuze app.
Madison Money Market Fund (14.44%)
- Minimum investment: KES 5,000
- Features: Monthly interest distribution and no restrictions on tenor.
Jubilee Money Market Fund (14.43%)
- Features: Safety of capital, monthly compounded interest, and high liquidity.
Sanlam Money Market Fund (14.11%)
- Minimum investment: KES 2,500
- Features: No initial fees, easy liquidity, and capital retention.
These money market funds offer varied minimum investments, returns, and features. Choose one based on your financial goals and risk tolerance.