Money Market Funds (MMFs) are becoming increasingly popular in Kenya as reliable investment vehicles that offer security, liquidity, and steady returns. These funds pool resources from investors and invest in low-risk, short-term securities such as Treasury bills, government bonds, and fixed deposits. With attractive returns and easy accessibility, MMFs are a perfect fit for individuals, SMEs, and institutions looking to grow their wealth without exposing themselves to high risks.
If you’re exploring where to park your money in 2025, this guide will take you through the best MMFs in Kenya, their features, and why they stand out. Whether you’re a beginner or a seasoned investor, this list will help you make informed decisions.
What Are Money Market Funds?
Before diving into the list, it’s essential to understand what MMFs are and why they matter.
- Definition: MMFs are unit trust investments that focus on short-term, low-risk financial instruments like Treasury Bills, fixed deposits, and corporate bonds.
- Features:
- Low Risk: MMFs are ideal for risk-averse investors as they focus on stable assets.
- Liquidity: Withdrawals can be made quickly, often within 24-48 hours.
- Affordability: You can start investing with as little as KES 1,000.
- Returns: MMFs provide annualized interest rates ranging between 8% and 11%, depending on the fund and prevailing market conditions.
Top 25 Best Money Market Funds in Kenya in 2025
Here’s a ranked list of the top-performing MMFs to consider this year:
1. CIC Money Market Fund
- Why It Stands Out: CIC has a long track record of stability and attractive returns.
- Interest Rate: ~10.5%
- Minimum Investment: KES 1,000
- Accessibility: Mobile app and online platform for deposits and withdrawals.
2. Britam Money Market Fund
- Why It Stands Out: Offers competitive interest rates and a robust online platform.
- Interest Rate: ~10%
- Minimum Investment: KES 1,000
- Extra Feature: Integration with mobile wallets like M-Pesa.
3. Sanlam Money Market Fund
- Why It Stands Out: Known for excellent customer service and consistent returns.
- Interest Rate: ~9.8%
- Minimum Investment: KES 2,500
- Additional Perk: Quick processing of withdrawals.
4. NCBA Money Market Fund
- Why It Stands Out: Offers institutional-level stability for individual investors.
- Interest Rate: ~10%
- Minimum Investment: KES 5,000
- Target Audience: Individuals and SMEs.
5. Equity Money Market Fund
- Why It Stands Out: Backed by Equity Bank’s solid reputation.
- Interest Rate: ~10%
- Minimum Investment: KES 1,000
- Feature: Seamless integration with Equity Bank accounts.
6. Madison Money Market Fund
- Why It Stands Out: Competitive rates and flexible withdrawal terms.
- Interest Rate: ~9.7%
- Minimum Investment: KES 5,000
- Flexibility: No penalties for early withdrawals.
7. Apollo Money Market Fund
- Why It Stands Out: High returns and strong portfolio management.
- Interest Rate: ~10.2%
- Minimum Investment: KES 1,000
8. Zimele Money Market Fund
- Why It Stands Out: Tailored for beginners with an easy onboarding process.
- Interest Rate: ~9.5%
- Minimum Investment: KES 100
- Accessibility: Perfect for low-income earners.
9. ICEA Lion Money Market Fund
- Why It Stands Out: Consistently among the top performers in the market.
- Interest Rate: ~10.1%
- Minimum Investment: KES 5,000
- User Experience: Excellent online tools for tracking returns.
10. Old Mutual Money Market Fund
- Why It Stands Out: Provides transparency in fee structure and returns.
- Interest Rate: ~9.8%
- Minimum Investment: KES 2,000
- Bonus: Regular updates on fund performance.
11. Faida Money Market Fund
- Why It Stands Out: Ideal for both individuals and businesses.
- Interest Rate: ~9.9%
- Minimum Investment: KES 5,000
12. GenCap Hela Imara Money Market Fund
- Why It Stands Out: Innovative fund tailored for small investors.
- Interest Rate: ~9.6%
- Minimum Investment: KES 1,000
13. Amana Money Market Fund
- Why It Stands Out: Focuses on Islamic-compliant investment products.
- Interest Rate: ~9.5%
- Minimum Investment: KES 2,500
14. Stanlib Money Market Fund
- Why It Stands Out: Backed by a strong global brand.
- Interest Rate: ~9.7%
- Minimum Investment: KES 10,000
15-25. Other Top Performers
- Cytonn Money Market Fund
- Nabo Capital MMF
- GenCap Investments MMF
- AIG Kenya MMF
- Dry Associates MMF
- Co-op Money Market Fund
- Kingdom Securities MMF
- Victoria Money Market Fund
- Renaissance Capital MMF
- Kenya Investment Partners MMF
- Alpha Asset MMF
How to Choose the Best MMF for Your Needs
When selecting a Money Market Fund, consider the following:
- Interest Rates: Opt for funds with competitive rates.
- Liquidity: Check withdrawal timelines.
- Fees: Understand management and transaction fees.
- Track Record: Look for funds with consistent past performance.
- Minimum Investment: Ensure you can meet the initial deposit requirement.
Benefits of Investing in MMFs
- Stable Returns: Ideal for short-term financial goals.
- Diversification: Spreads your risk across multiple assets.
- Affordability: Accessible even to low-income investors.
Are you ready to grow your wealth in 2025? Choose a Money Market Fund that aligns with your financial goals today! Consult with your preferred fund manager or financial advisor to get started.
