Top Money Market Funds in Kenya 2025: Comparing the Best Providers
In today’s dynamic financial landscape, Money Market Funds (MMFs) have become a popular choice for Kenyans seeking stable returns with minimal risk. They serve as an attractive alternative to traditional savings accounts, offering higher yields alongside excellent liquidity. This guide provides a comprehensive look at Kenya’s top Money Market Fund providers in 2025, based on updated performance metrics.
Key Takeaway
MMFs can be a game-changer for both new and experienced investors, providing short-term security, potential higher returns than bank savings, and the flexibility of accessing your funds when needed.
Table of Contents
Understanding Money Market Funds
Money Market Funds are relatively low-risk investment vehicles that focus on short-term, interest-bearing assets. Examples include:
- Treasury bills
- Fixed deposits
- Short-term bonds
- Commercial paper
- Corporate instruments
They’re ideal for investors aiming for:
- Capital preservation
- Regular monthly income
- Easy access to funds
- Returns above inflation rates
For a practical way to see potential returns, check out our Money Market Funds Calculator in Kenya .
Our Ranking Criteria
We evaluated each MMF on:
- Historical returns and performance
- Minimum investment requirements
- Accessibility and digital platforms
- Management fees and other costs
- Additional features and benefits
- Assets under management
- Customer service and withdrawal process
If you’re unsure about picking the right fund, consider reading how to choose the best money market fund in Kenya for more detailed insights.
Top Money Market Fund Providers in Kenya (2025)
Below are the top MMFs, arranged by current annual rate (highest to lowest). Note that these rates fluctuate daily as per fund managers and business daily, the data provided in the image is as of March 28th, 2025.
| Provider | Annual Rate (%) | Net Return (%) | Features | Best For |
|---|---|---|---|---|
| Gulfcap Money Market Fund | 16.25% | 13.81% | Top performer, Daily interest accrual. | High-yield seekers with a high-risk tolerance |
| Cytonn Money Market Fund | 15.09% | 12.83% | Offers competitive returns, known for strong investment strategies. | Investors looking for reliable performance and solid reputation |
| Etica Money Market Fund | 14.40% | 12.24% | Consistently delivers strong returns. | Investors prioritizing consistent growth and stability |
| ArvoCap Money Market Fund | 14.00% | 11.90% | Strong performance, reputable fund manager, good risk management. | Investors seeking steady growth with managed risk |
| Kuza Money Market Fund | 13.96% | 11.87% | Known for stable returns and reliable fund management. | Investors seeking a balanced approach to risk and return |
| Lofty Corban Money Market Fund | 13.83% | 11.76% | Solid performance track record. | Investors who appreciate fund consistency |
| Orient Money Market Fund | 13.43% | 11.42% | Consistent yields, transparent fund operations. | Safety-conscious investors |
| Ndovu Money Market Fund | 13.10% | 11.14% | Consistent returns and reliable fund management. | Investors seeking a balanced approach to risk and return |
| Enwealth Money Market Fund | 12.74% | 10.83% | Competitive yields, transparent fund operations. | Safety-conscious investors |
| Old Mutual Money Market Fund | 12.74% | 10.83% | Wide range of investment options; well-regulated, provides digital access, collateral loan facility and flexible contributions. Offers zero or low entry fees and low risk profile. | New investors, min KES 1,000 |
| Britam Money Market Fund | 12.58% | 10.69% | Seamless mobile integration, quick withdrawals, user-friendly platform. Daily compounding. | Mobile-first users, min KES 1,000 |
| Apollo Money Market Fund | 12.41% | 10.55% | Offers competitive returns and is known for its brand presence and digital integration. | Mid-range investors, min KES 3,000 |
| Madison Money Market Fund | 12.21% | 10.38% | Known for strong track record with transparent reporting. Offers professional oversight and diversified portfolio. | Return-focused, min KES 5,000 |
| Nabo Money Market Fund | 12.20% | 10.37% | Known for stable returns and reliable fund management. | Investors seeking a balanced approach to risk and return |
| Dry Associates Money Market Fund | 12.11% | 10.29% | Offers competitive yields and is known for its transparent fund operations. | Safety-conscious investors |
| Jubilee Money Market Fund | 12.09% | 10.28% | Offers potential tax-efficient structures and invests in high-quality instruments. Known for conservative approach and strong brand. | Trusted provider, min KES 5,000 |
| Sanlam Money Market Fund | 11.90% | 10.12% | Competitive returns, Strong institutional backing and robust risk management; Established presence. | Balance-seeking investors, min KES 2,500 |
| I&M Money Market Fund | 11.88% | 10.10% | Consistent yields, transparent fund operations. | Safety-conscious investors |
| Faulu Money Market Fund | 11.88% | 10.10% | Solid performance track record and provides a good option for investors. | Investors who appreciate fund consistency |
| Gen Africa Money Market Fund | 11.58% | 9.84% | Consistent yields, transparent fund operations. | Safety-conscious investors |
| Co-op Money Market Fund | 11.43% | 9.72% | Consistent yields, transparent fund operations. | Safety-conscious investors |
| ICEA Money Market Fund | 11.23% | 9.55% | Offers the lowest minimum investment (KES 500) and provides an advanced digital platform with goal-tracking features. | First-time investors, min KES 500 |
| Absa Money Market Fund | 11.17% | 9.49% | Competitive yields, transparent fund operations. | Safety-conscious investors |
| CIC Money Market Fund | 11.15% | 9.48% | Highest returns, Strong track record with professional management, transparent reporting, and well-diversified portfolio; Return-focused investors. | Return-focused investors, min KES 5,000 |
| Gencap Money Market Fund | 11.00% | 9.35% | Consistent yields, transparent fund operations. | Safety-conscious investors |
| KCB Money Market Fund | 10.88% | 9.25% | Known for transparency. | Investors seeking stability and a trusted financial institution |
| Mali Money Market Fund | 10.80% | 9.18% | Steady performance, transparent fund operations. | Conservative investors looking for stable returns |
| African Alliance Money Market Fund | 10.66% | 9.06% | Provides a balance between risk and return with reliable performance. | Risk-averse investors who seek steady growth |
| Mayfair Money Market Fund | 9.66% | 8.21% | Offers unique investment options and is tailored for specific financial goals. | Goal-oriented investors who appreciate personalized solutions |
| Stanbic Money Market Fund | 8.06% | 6.85% | Stable and reliable, strong risk management framework. | Investors prioritizing capital preservation |
| Ziidi Money Market Fund | 7.45% | 6.33% | Convenient access through mobile platform. | Tech-savvy investors who value ease of use |
| Equity Money Market Fund | 5.90% | 5.02% | Stable and low-risk, part of a well-established banking group. | Conservative investors looking for a secure investment |
Key Market Insights
Kenya’s Money Market Fund rates range from 12.40% to 16.25% for local currency (KES) offerings. Some providers also feature USD-denominated options, though these typically yield lower percentages.
- Gulfcap Money Market Fund currently offers the highest rate.
- Several providers have embraced digital platforms and mobile integration.
- Competition has led to improved withdrawal processes and additional features.
- Minimum investments vary from KES 500 to KES 5,000.
When choosing a Money Market Fund, consider your investment goals, preferred currency, digital requirements, and minimum deposit. Each provider has unique strengths, so align your choice with your personal objectives and comfort level.
For more insights on Kenya’s growing MMF sector, read Money Market Funds Boom in Kenya: Investors Earning Up to 16% .
Why These Rankings Matter
Investment Accessibility
- Lower minimum investments make certain funds more approachable.
- Digital platforms simplify deposits, tracking, and withdrawals.
Performance Metrics
- Consistent returns above benchmarks indicate good management.
- Historical data offers insights into fund stability.
Customer Experience
- Efficient withdrawal processes matter for liquidity.
- Strong customer service supports smoother operations.
Value-Added Services
- Additional features like loan collateral, mobile apps, or multiple currency options can enhance convenience.
Investment Strategy Recommendations
For New Investors
- Consider Old Mutual or ICEA for low entry barriers.
- Automate monthly contributions and use digital platforms for easy management.
For Experienced Investors
- Gulfcap, Cytonn and Etica stand out for high returns.
- Diversify across multiple providers to balance risk.
- Look into potential tax benefits (e.g., Jubilee).
For Institutional Investors
- Gulfcap and Cytonn for robust risk management, strong institutional backing and consistent yield and diversify across multiple providers to balance risk.
- Consider Old Mutual for corporate solutions.
If you’d like to learn about new entrants like Safaricom’s fund, see how to register for Safaricom’s Ziidi Money Market Fund .
Factors to Consider When Choosing a Money Market Fund
Performance Metrics
- Historical returns and consistency
- Benchmark comparisons
- Risk-adjusted performance
Accessibility
- Minimum investment amounts
- Flexible top-up options
- Withdrawal process and digital platform availability
Costs and Fees
- Management fees
- Entry or exit fees
- Potential hidden charges
Fund Management
- Experience of fund managers
- Risk management practices
- Regulatory compliance and corporate governance
Investment Strategy Tips
Short-Term Goals
- Emergency funds
- School fees planning
- Working capital for a business
- Home improvement projects
Risk Management
- Diversify across different providers
- Monitor returns regularly
- Stay aware of changing market conditions
- Maintain adequate liquidity
Conclusion
Kenya’s Money Market Funds present diverse opportunities for a wide range of investors. Whether you prioritize high returns, low minimum deposits, or advanced digital features, there’s an MMF that can suit your needs. Gulfcap Money Market Fund currently tops the list in terms of annual rate, but providers like Cytonn, Etica Sanlam, Britam, Apollo, and Old Mutual also offer compelling benefits, especially for digital-savvy users or first-time investors.
Remember that past performance does not guarantee future returns. Regularly review your investment strategy, consult financial advisors if necessary, and examine fund fact sheets before committing your money. If you’re ready to start with as little as KES 500, explore these funds today and take the first step toward securing your financial future.
Disclaimer: Money Market Fund rates are subject to change according to the fund managers and business daily. The rates above are valid as of March 28th 2025.
We are investment advisors, dedicated to helping you choose the best MMF that fits your needs. However, all investments carry risk. Always conduct your own due diligence or consult a licensed professional.
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