Articles
Top 10 Money Market Funds in Kenya (January 10, 2025)
Below is the latest ranking of the top-performing Money Market Funds in Kenya, based on Effective Annual Rate (EAR), as published by Business Daily.
| # | Money Market Fund | Effective Annual Rate (EAR) |
|---|---|---|
| 1 | Cytonn Money Market Fund | 16.60% |
| 2 | Lofty-Corban Money Market Fund | 16.30% |
| 3 | Gulfcap Money Market Fund | 16.30% |
| 4 | Etica Money Market Fund | 15.90% |
| 5 | Ndovu Money Market Fund | 15.50% |
| 6 | Kuza Money Market Fund | 15.40% |
| 7 | Mali Money Market Fund | 15.20% |
| 8 | Arvocap Money Market Fund | 15.10% |
| 9 | Orient Kasha Money Market Fund | 14.20% |
| 10 | Dry Associates Money Market Fund | 13.70% |
📌 Key Insights
- Cytonn Money Market Fund remains the top performer with a 16.60% EAR.
- Lofty-Corban and Gulfcap MMFs follow closely at 16.30%.
- New entrants & position shifts: While most funds have remained stable, minor fluctuations in ranking indicate shifts in fund performance.
Why Invest in Money Market Funds?
💡 Steady Returns: MMFs provide higher returns than traditional savings accounts.
💡 Liquidity: Easily withdraw funds within short notice.
💡 Low Risk: Funds are professionally managed and invested in safe, short-term assets.
💡 Accessibility: Most MMFs allow investments from as low as KES 100.
Factors to Consider Before Choosing a Money Market Fund
When selecting an MMF, it’s essential to evaluate the following:
🔹 Effective Annual Rate (EAR) – Compare interest rates across different funds.
🔹 Liquidity & Withdrawal Terms – Check how quickly you can access your funds.
🔹 Minimum Investment Requirements – Some funds have higher entry barriers than others.
🔹 Fund Manager Reputation – Choose a fund regulated by the Capital Markets Authority (CMA) and managed by reputable institutions.
Final Thoughts
Money Market Funds remain a stable and reliable investment for Kenyans looking to maximize returns while minimizing risk. With interest rates as high as 16.60%, they offer an excellent alternative to savings accounts and fixed deposits.
Thinking of investing? Compare the funds, analyze their performance, and choose a fund that aligns with your financial goals.
📩 Need Personalized Investment Guidance?
At NuPath Advisory, we help individuals and businesses navigate Kenya’s investment landscape. Contact us at info@nupathadvisory.com for tailored financial insights.
📌 Stay tuned for our weekly updates on Money Market Fund performance!