What is the best money market fund in Kenya?

As of Q1 2026, Cytonn Money Market Fund offers the highest gross yield at 11.05% (9.39% net after 15% WHT). However, the "best" fund depends on your needs — consider minimum investment, withdrawal speed, and mobile access.

Are money market funds safe in Kenya?

Money market funds are among the safest investments in Kenya. They invest primarily in government securities and are regulated by the CMA. However, they are not guaranteed like bank deposits — returns can vary and your capital is technically at risk, though losses are extremely rare.

Best Money Market Funds in Kenya 2026

Compare 15 licensed money market funds by yield, minimum investment, and fees. Net yields shown after 15% withholding tax.

Average net yield: 8.83% p.a. — Money market funds are one of the safest investment options in Kenya. Returns are taxed at 15% withholding tax. Minimum investments start from as low as KES 100.

9.39%

Best Net Yield

8.83%

Average Net Yield

KES 100

Lowest Minimum

Funds Compared

#	Fund	Gross Yield	Net Yield	Min Invest	Fees	AUM (B)	Mobile	Withdraw
1	Cytonn Money Market Fund Cytonn Asset Managers	11.05%	9.39%	KES 100	2%	8.2	M-Pesa / App	1 day
2	Arvocap Money Market Fund Arvocap	10.93%	9.29%	KES 1,000	1.5%	2.1	App	2 days
3	Nabo Africa Money Market Fund Nabo Capital	10.89%	9.26%	KES 1,000	1.5%	3.5	App	1 day
4	Lofty-Corban Money Market Fund Lofty-Corban	10.85%	9.22%	KES 500	1.5%	1.8	—	2 days
5	Etica Money Market Fund Etica Capital	10.78%	9.16%	KES 500	1%	4.2	App / M-Pesa	1 day
6	Kuza Money Market Fund Kuza Asset Management	10.65%	9.05%	KES 1,000	1.5%	1.2	App	2 days
7	Sanlam Money Market Fund Sanlam Investments	10.52%	8.94%	KES 2,000	1.5%	130.5	App / Web	1 day
8	GenAfrica Money Market Fund GenAfrica Asset Managers	10.45%	8.88%	KES 1,000	1.5%	12.3	App	1 day
9	Britam Money Market Fund Britam Asset Managers	10.32%	8.77%	KES 1,000	2%	45.8	App / M-Pesa	1 day
10	CIC Money Market Fund CIC Asset Management	10.18%	8.65%	KES 500	2%	97.8	App / USSD	1 day
11	ICEA Lion Money Market Fund ICEA Lion Asset Managers	10.05%	8.54%	KES 5,000	1.5%	38.2	App	1 day
12	Standard Investment MMF Standard Investment Bank	9.95%	8.46%	KES 1,000	1.5%	102.1	App	1 day
13	Old Mutual Money Market Fund Old Mutual Investment Group	9.85%	8.37%	KES 5,000	2%	28.5	App / Web	2 days
14	Zimele Money Market Fund Zimele Asset Management	9.75%	8.29%	KES 100	2.5%	5.4	M-Pesa / USSD	1 day
15	Madison Money Market Fund Madison Investment Managers	9.68%	8.23%	KES 1,000	2%	8.7	App	1 day

What is a Money Market Fund?

A money market fund (MMF) is a low-risk investment that pools money from many investors and invests in short-term government securities (Treasury bills), bank deposits, and commercial paper. They offer higher returns than savings accounts (typically 8-11% vs 2-5% for bank savings) with similar liquidity.

In Kenya, all MMFs are regulated by the Capital Markets Authority (CMA). Returns are subject to 15% withholding tax (WHT). Most funds allow withdrawal within 1-2 business days.

How much could you earn? KES 100,000 invested in the top MMF at 9.39% net yield would earn approximately KES 9,390 per year — compared to about KES 3,000-5,000 in a typical bank savings account.