Top 10 Money Market Funds in Kenya
Top 10 Money Market Funds in Kenya (2026)
What is a Money Market Fund?
A Money Market Fund is a professionally managed investment that pools money from multiple investors and invests in low-risk, short-term instruments such as:
- Treasury Bills
- Government Securities
- Fixed Deposits
- Commercial Paper
- Cash Investments
In Kenya, MMFs are regulated by the Capital Markets Authority (CMA), helping ensure investor protection and oversight. (Business Radar)
Benefits of Investing in an MMF
- Higher returns than most bank savings accounts
- Daily interest accrual
- Easy withdrawals
- Low risk
- Professional fund management
- Start investing with as little as KSh 100–1,000 for many funds
Money Market Funds (MMFs) have become one of the fastest-growing investment options in Kenya. They offer higher returns than traditional savings accounts while maintaining relatively low risk and high liquidity.
Whether you’re saving for an emergency fund, school fees, a house deposit, or simply growing your wealth, an MMF allows your money to earn daily interest while remaining accessible.
Here are the Top 10 Money Market Funds in Kenya based on recent performance, consistency, accessibility, reputation, and investor experience. Rankings may change over time as yields fluctuate with market conditions. (Serrari Group)
1. Nabo Africa Money Market Fund
Why it stands out
- One of Kenya’s highest-performing MMFs
- Consistently competitive yields
- Professionally managed portfolio
Pros
- Strong historical returns
- Excellent fund management
- Reliable performance
Cons
- Higher minimum investment than some competitors
2. Cytonn Money Market Fund
Cytonn remains popular among investors seeking higher returns with a relatively low entry point.
Highlights
- Low minimum investment
- Competitive returns
- Easy digital onboarding
Ideal for:
- Young professionals
- First-time investors
3. Etica Money Market Fund
Etica has grown rapidly because of its accessibility and attractive returns.
Benefits
- Very low minimum investment
- Fast account opening
- Strong recent performance
Best for:
- Beginners
- Small monthly savings
4. Lofty-Corban Money Market Fund
Lofty-Corban combines stable returns with flexible investment options.
Advantages
- Consistent performance
- Good customer service
- Simple investment process
5. Enwealth Money Market Fund
Enwealth is increasingly popular among long-term savers looking for competitive yields.
Why investors like it
- Professional asset management
- Competitive interest rates
- Reliable liquidity
6. Ndovu Money Market Fund
Ndovu focuses on digital investing and has become popular among tech-savvy investors.
Key Features
- Mobile-first platform
- Low investment threshold
- Easy withdrawals
7. Britam Money Market Fund
Britam is one of Kenya’s most established financial institutions.
Strengths
- Trusted brand
- Large assets under management
- Good customer support
Ideal for conservative investors.
8. Sanlam Money Market Fund
Sanlam offers stability backed by one of Africa’s leading financial services groups.
Pros
- Strong reputation
- Stable returns
- Easy online access
9. Jubilee Money Market Fund
Jubilee provides investors with a balance between security and competitive returns.
Best for
- Long-term savers
- Conservative investors
- Beginners
10. Old Mutual Money Market Fund
Old Mutual remains one of Kenya’s oldest and most trusted investment managers.
Highlights
- Reliable track record
- Beginner-friendly
- Good liquidity
Comparison Table
| Rank | Fund | Best For |
|---|---|---|
| 1 | Nabo Africa | Highest returns |
| 2 | Cytonn | Growth investors |
| 3 | Etica | Beginners |
| 4 | Lofty-Corban | Stable growth |
| 5 | Enwealth | Long-term savings |
| 6 | Ndovu | Digital investing |
| 7 | Britam | Conservative investors |
| 8 | Sanlam | Security |
| 9 | Jubilee | Balanced investing |
| 10 | Old Mutual | Trusted brand |
Yields, fees, and minimum investment requirements change regularly. Always verify the latest information with the fund manager before investing. (Serrari Group)
How to Choose the Best MMF
Before investing, compare:
- Historical performance
- Management fees
- Minimum investment
- Withdrawal speed
- Customer support
- Mobile app availability
- CMA licensing and regulation
Frequently Asked Questions
Which Money Market Fund has the highest returns in Kenya?
Returns change frequently. Recent rankings have placed Nabo Africa, Cytonn, and Etica among the top performers, but yields fluctuate with market conditions. (PesaCalc)
Are Money Market Funds safe?
MMFs are generally considered low-risk investments because they invest in short-term, high-quality financial instruments. However, like all investments, returns are not guaranteed.
Can I withdraw my money anytime?
Most Kenyan MMFs allow withdrawals within 1–3 business days, though processing times vary by provider. (Serrari Group)
How much do I need to start?
Some funds allow investors to start with as little as KSh 100, while others require larger minimum investments. (PesaCalc)
