As Kenya’s financial landscape continues to evolve, Money Market Funds (MMFs) remain a cornerstone for investors seeking low-risk investments with competitive returns and high liquidity.

Based on data from recent sources, including financial reports, here is a list of MMF annual rates in Kenya as of 23 April 2025.

Note that yields fluctuate due to economic conditions, such as inflation trends and Central Bank Rate (CBR) adjustments, and some funds report net returns after taxes and fees.

The following list reflects effective annual yields (gross of withholding tax unless stated) and highlights top performers:

1. Lofty-Corban Money Market Fund: 16.92% (daily yield: ~0.046%)
   • Key Features: Managed by Lofty-Corban Investments Limited, this fund invests in T-Bills, commercial papers, and bank deposits. Minimum investment: KES 1,000; top-ups: KES 1,000. Achieved KES 1 billion in assets under management (AUM).
2. Etica Money Market Fund: 17.55% (daily yield: ~0.048%)
   • Key Features: A top performer with a low entry point (KES 100 initial investment and top-ups). Offers daily compounding and high transparency via client portals.
3. Cytonn Money Market Fund: 16.15% (daily yield: ~0.044%)
   • Key Features: Requires KES 1,000 initial investment and KES 100 top-ups. Known for consistent performance and investments in government securities and fixed deposits.
4. Apollo Money Market Fund: 15.05% (daily yield: ~0.041%)
   • Key Features: Managed by Apollo Asset Management, invests in low-risk securities like T-Bills and corporate bonds. Minimum investment: KES 1,000; top-ups: KES 1,000.
5. Kuza Money Market Fund: 15.01% (daily yield: ~0.041%)
   • Key Features: Offers inflation-beating returns with a KES 5,000 minimum investment and KES 1,000 top-ups. Invests in short-term KES-denominated securities.
6. GulfCap Money Market Fund: 14.0%
   • Key Features: A consistent performer with a net return of ~13.86% after fees and taxes. Focuses on high-yield MMFs with a diversified portfolio.

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1. Nabo Money Market Fund: 11.2%
   • Key Features: Requires a higher initial investment (KES 100,000) and KES 10,000 top-ups. Invests in short-term debt securities for stable returns.
2. Britam Money Market Fund: 11.7%
   • Key Features: Low entry point (KES 1,000) and no entry/exit fees. Offers monthly compounding and a mobile-friendly platform.
3. Mali Money Market Fund: 11.4%
   • Key Features: Managed by Safaricom, with a KES 100 minimum investment and a KES 300,000 daily cap. Ideal for mobile-friendly investments.
4. Jubilee Money Market Fund: 11.1%
   • Key Features: Offers high liquidity with a KES 5,000 minimum investment. Invests in T-Bills and corporate bonds.
5. Faulu Money Market Fund: 10.9%
   • Key Features: Focuses on capital preservation with flexible withdrawals. Minimum investment: KES 5,000.
6. Sanlam Money Market Fund: 10.9%
   • Key Features: High AUM and transparent reporting. Invests in short-term securities with a KES 1,000 minimum.
7. Dry Associates Money Market Fund: 10.8%
   • Key Features: Emphasizes low-risk investments with a focus on government securities.
8. CIC Money Market Fund: 10.0%
   • Key Features: One of Kenya’s largest MMFs with KES 63.78 billion in AUM. Minimum investment: KES 5,000; top-ups: KES 1,000.
9. Co-op Money Market Fund: 10.0%
   • Key Features: No minimum deposit requirement, with withdrawals processed within 2–3 days. Supports M-PESA deposits.
10. KCB Money Market Fund: 10.0%
    • Key Features: Managed by KCB Bank, with a KES 5,000 minimum investment and KES 500 top-ups. Daily interest compounded monthly.
11. Absa Shilling Fund MMF: 9.8%
    • Key Features: Flexible top-ups with a KES 1,000 minimum investment. Invests in short-term securities.
12. ICEA Lion Money Market Fund: 9.8%
    • Key Features: Offers high transparency and a low entry point (KES 1,000).
13. Ziidi Money Market Fund: 8.5%
    • Key Features: Newly launched by Safaricom, approved by the CMA. Focuses on accessible investments.
14. Equity Money Market Fund: 5.4%
    • Key Features: Lowest performer in this list, with a net return of ~5.78% after fees and taxes.

Note: Yields are based on data from 23 April 2025. Always verify with fund managers for the latest rates.

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MMF Performance Trends in April 2025

As of April 2025, MMF interest rates in Kenya have stabilized after a period of decline, driven by a Central Bank Rate (CBR) reduction from 11.25% to 10.75% in February 2025 and falling inflation rates (3.28% in January 2025).

The average annual yield across MMFs is approximately 11.83%, with net returns averaging 10.05% after taxes and management fees (typically 2%).

Whether you’re a beginner exploring Kenya low-risk investments or a seasoned investor diversifying your portfolio, MMFs are a smart way to grow your wealth in 2025. Stay updated with market trends and consult fund managers to ensure your investments align with your goals.

Start your journey with Kenya’s top MMFs today and watch your savings flourish!

Ronnie Paul is a seasoned writer and analyst with a prolific portfolio of over 1,000 published articles, specialising in fintech, cryptocurrency, and digital finance at Africa Digest News.