Top 30 Money Market Funds in Kenya – August 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 shine. They offer competitive returns, daily liquidity, and are an attractive choice for investors who want to preserve their capital while earning more than a savings account or most fixed deposits.
As of 5th August 2025, the average Money Market Fund yield stands at 10.47% (8.90% after tax), which is more than double the inflation rate of 4.1%.
🔑 Key Takeaways
- Average MMF yield of 10.47% beats inflation by over 6%
- Top performers offer 13.30% returns (11.31% after tax)
- All MMFs outperform most savings accounts and many fixed deposits
- Daily liquidity with withdrawals typically within 2-3 days
- Low-risk investment suitable for capital preservation
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📱 Join WhatsApp Group💰 What is a Money Market Fund?
A Money Market Fund is a type of collective investment scheme regulated by the Capital Markets Authority (CMA) in Kenya. It pools money from investors and invests in low-risk, short-term assets such as Treasury Bills, government bonds, fixed deposits, and high-grade corporate debt.
Key Features Include:
- Daily accrual of interest – Your money grows every day
- Liquidity – Withdrawals usually within 2–3 days
- Lower risk compared to equities or real estate investments
- Accessibility with low minimum investment amounts
📊 August 2025 Money Market Fund Rankings in Kenya
Here’s the full list of 31 Money Market Funds in Kenya ranked by yield as of 5th August 2025.
| Rank | Fund Manager | Yield (%) | After-Tax Yield (%) |
|---|---|---|---|
| 1 | Cytonn Money Market Fund | 13.30 | 11.31 |
| 2 | Gulfcap Money Market Fund | 13.11 | 11.14 |
| 3 | Nabo Money Market Fund | 13.02 | 11.07 |
| 4 | Lofty Corban MMF | 12.78 | 10.87 |
| 5 | Orient Money Market Fund | 12.37 | 10.51 |
| 6 | Kuza Money Market Fund | 12.10 | 10.29 |
| 7 | Etica Money Market Fund | 12.01 | 10.21 |
| 8 | ArvoCap Money Market Fund | 11.78 | 10.01 |
| 9 | Gen Africa Money Market Fund | 11.47 | 9.75 |
| 10 | Jubilee Money Market Fund | 11.43 | 9.72 |
| 11 | Britam Money Market Fund | 11.12 | 9.45 |
| 12 | Old Mutual Money Market Fund | 11.06 | 9.40 |
| 13 | Enwealth Money Market Fund | 11.03 | 9.37 |
| 14 | Madison Money Market Fund | 10.93 | 9.29 |
| 15 | Faulu Money Market Fund | 10.80 | 9.18 |
| 16 | Sanlam Money Market Fund | 10.28 | 8.74 |
| 17 | Apollo Money Market Fund | 10.25 | 8.71 |
| 18 | Dry Associates MMF | 10.15 | 8.63 |
| 19 | KCB Money Market Fund | 9.83 | 8.36 |
| 20 | ICEA Money Market Fund | 9.80 | 8.33 |
| 21 | Co-op Money Market Fund | 9.63 | 8.19 |
| 22 | Mali Money Market Fund | 9.26 | 7.87 |
| 23 | Gencap Money Market Fund | 9.15 | 7.78 |
| 24 | CIC Money Market Fund | 8.75 | 7.44 |
| 25 | Mayfair Money Market Fund | 8.49 | 7.22 |
| 26 | Absa Money Market Fund | 8.37 | 7.11 |
| 27 | African Alliance MMF | 7.84 | 6.66 |
| 28 | CPF Money Market Fund | 7.63 | 6.49 |
| 29 | Ziidi Money Market Fund | 7.07 | 6.01 |
| 30 | Stanbic Money Market Fund | 6.67 | 5.67 |
| 31 | Equity Money Market Fund | 5.92 | 5.03 |
🔍 Key Insights from the August 2025 MMF Performance
- Cytonn Money Market Fund remains the leader with a yield of 13.30%, translating to 11.31% after tax.
- Top 5 funds are all offering after-tax returns above 10.5%, which significantly beats inflation.
- Average market return is 10.47%, making MMFs one of the most competitive fixed-income options.
- Even the lowest-ranked MMF, Equity Money Market Fund, is returning 5.92% (after tax: 5.03%), which is still above many savings account rates.
⚖️ MMFs vs. Other Safe Investments
| Investment Option | Gross Yield (%) | After-Tax Yield (%) |
|---|---|---|
| 91-Day T-Bill | 8.1 | 6.9 |
| 182-Day T-Bill | 8.4 | 7.1 |
| 364-Day T-Bill | 9.7 | 8.3 |
| Average MMF | 10.47 | 8.90 |
| Inflation (July 2025) | 4.1 | 4.1 |
💡 Conclusion: Most MMFs outperform Treasury Bills after tax and comfortably beat inflation.
🎯 How to Choose the Right Money Market Fund
When selecting an MMF, consider:
- After-tax yield (net returns matter more than gross yield)
- Reputation & stability of the fund manager
- Liquidity terms (how quickly you can access your money)
- Minimum investment requirement
- Additional charges or fees
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🎯 Final Thoughts
Money Market Funds remain one of the best low-risk investment options in Kenya in 2025 for capital preservation, beating inflation, and earning steady returns. Whether you’re saving for an emergency fund, parking business cash, or building a short-term investment portfolio, MMFs deserve serious consideration.
With the top-performing funds offering returns above 13% and even average performers beating inflation by over 6%, MMFs provide an excellent balance of safety, liquidity, and returns in the current
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