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Best Performing Money Market Funds in 2022

BY Soko Directory Team · March 15, 2022 12:03 pm

KEY POINTS

The Cytonn Money Market Fund (CMMF) has continued to outperform market competition registering a weighted average return rate of 10.60 percent per annum as published on 4th March 2022.

KEY TAKEAWAYS

Investors can put their savings in money market funds for the short term to meet their financial needs. You can start investing today and earn daily yields.

The best performing Money Market Funds Yield for Kenyan Fund Managers as published on 4th March 2022 shows that Cytonn Funds tops the list in Kenya.

The Cytonn Money Market Fund (CMMF) has continued to outperform market competition registering a weighted average return rate of 10.60 percent per annum as published on 4th March 2022.

The yields for CMMF increased by 0.3 percent compared to the 10.30 yield published on 4th February 2022. CMMF wallet allows investors to deposit quickly, withdraw earnings, and pay bills. To invest in CMMF Dial *809#.

The yields for Zimele dropped by 0.01 compared to the last performance of 9.91 percent on 4th February 2022. Zimele Money Market Fund follows second at a 9.9 percent per annum weighted average rate. Investors can open an account on the website, deposit and withdraw funds, or Dial*483*070# to register as a member and invest in their products.

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Nabo Money Market Fund is third at a 9.70 percent per annum weighted average rate. The yields for Nabo have remained constant at 9.70 percent in both February and March. To become an investor, send an email to Nabo or visit their office to fill in an application form.

Sanlam Money Market Fund is fourth at a 9.60 percent per annum weighted average rate. The yields for Sanlam in March have grown by 0.16 percent compared to 9.44 percent recorded in February. You can invest as low as Ksh 2500

GenCap Hela Imara Money Market Fund closed the list of top 5 at a weighted average rate of 9.3 percent. The yields for GenCap Hela Imara in March have increased by 0.33 percent compared to the performance of 8.97 percent recorded in February. To invest in GenCap Hela Imara open an account on G-Kuze App

Madison Fund’s, dropped to 6th place in March at 9.3 percent. The monthly yields for Madison in March grew by 0.03 percent compared to the performance of 9.27 percent registered in February. Dial *828# to open an account and invest.

Investors can put their savings in money market funds for the short term to meet their financial needs. You can start investing today and earn daily yields.

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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