Top 30 Money Market Funds Kenya – November 2025 Performance & Rankings

If you’re looking for a safe, short-term, and high-yield investment option in Kenya, Money Market Funds (MMFs) continue to perform strongly. They offer competitive returns, daily liquidity, and are an excellent choice for investors who want to preserve capital while earning more than a savings account or most fixed deposits.

As of 10th November 2025, the average MMF yield stands at 9.50% gross (8.08% after tax) — still comfortably above the 4.6% inflation rate (September 2025).

What is a Money Market Fund?

A Money Market Fund is a low-risk investment vehicle regulated by the Capital Markets Authority (CMA). It pools money from investors and invests in secure short-term financial instruments such as Treasury Bills, government bonds, and fixed deposits.

Key Features

• Daily interest accrual – your money compounds every day.
• High liquidity – access your funds in 1–3 days.
• Low risk – backed by government and top-tier financial instruments.
• Affordability – start from as low as KSh 1,000.

Use our Money Market Fund Calculator to estimate your returns.

November 2025 Money Market Fund Rankings in Kenya (As of 10th Nov 2025)

Average Market Return: 9.50% (8.08% after tax)

Key Insights from the November 2025 MMF Performance

1. New Top Performer: Cytonn Money Market Fund

Cytonn climbs to the top with a 12.01% yield, overtaking all competitors.

2. Strong Competition Among Top 5

The top 6 funds all return above 11%, showing competitive performance.

3. Average Market Return at 9.50%

MMFs continue to comfortably beat:

• Inflation (4.6%)
• 91-Day T-Bill returns (7.8%)
• Most fixed deposits

4. Over 20 Funds Deliver Above 8% Gross

Great news for both retail and business investors.

5. Even Lower-Tier Funds Beat Banks

Equity MMF at 4.25% after tax still outperforms most savings accounts.

MMFs vs. Other Safe Investments (Nov 2025)

Insight

MMFs not only outperform T-Bills after tax but also provide better liquidity, making them ideal for:

• Emergency funds
• Business cash flow
• Short-term savings

How to Choose the Right Money Market Fund

When selecting an MMF, consider:

• After-tax yield – Net returns give the true picture.
• Fund manager reputation – Stick to CMA-approved and long-standing firms.
• Liquidity – Confirm how long withdrawals take (usually 1–3 days).
• Minimum investment – Many start from KSh 1,000–5,000.
• Consistency – Check the past 3–6 months’ performance trends.

Final Thoughts

Money Market Funds remain one of Kenya’s top-performing low-risk investments. With inflation at 4.6%, and top MMFs offering 10%+ net returns, they provide a great mix of:

• Safety
• Liquidity
• Growth
• Consistency

Whether you’re building an emergency fund, saving for business expenses, or looking for a safe parking place for your money, MMFs offer a smart and stable financial strategy.