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Kenya Money Market Funds Performance – 5th September 2025
Money Market Funds (MMFs) continue to attract strong investor interest in Kenya, offering high liquidity, competitive returns, and ease of access compared to many traditional investment vehicles. For the week ending 5th September 2025, MMFs remained among the most attractive asset classes, with several funds delivering effective annual returns well above prevailing T-bill yields.
Top 10 Performing MMFs
| # | Money Market Fund | Effective Annual Rate (EAR) |
|---|---|---|
| 1 | Cytonn Money Market Fund | 13.1% |
| 2 | Gulfcap Money Market Fund | 13.1% |
| 3 | Ndovu Money Market Fund | 13.1% |
| 4 | Nabo Africa Money Market Fund | 12.9% |
| 5 | Lofty-Corban Money Market Fund | 12.4% |
| 6 | Etica Money Market Fund | 12.2% |
| 7 | Arvocap Money Market Fund | 12.1% |
| 8 | Kuza Money Market Fund | 11.7% |
| 9 | Orient Kasha Money Market Fund | 11.4% |
| 10 | GenAfrica Money Market Fund | 11.2% |
The average effective annual rate (EAR) for the top 10 MMFs stood at 12.3%, significantly outperforming government securities over the same period.
T-Bill Yields (for comparison)
- 91-day: 7.98%
- 182-day: 8.03%
- 364-day: 9.58%
Key Insight
With average MMF yields offering a premium of 260 – 430 basis points over T-bill rates, MMFs continue to provide investors with attractive risk-adjusted returns. Their balance of higher yields, liquidity, and relatively lower entry barriers has cemented their popularity among both retail and institutional investors seeking efficient short-term investment options.
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