Top 25 Money Market Funds In Kenya Right Now

The 3-month bank placements in the Money Markets closed the week at 7.7 percent, similar to what was recorded the previous week.

The average yield on the 91-day T-bill increased by 0.1 percentage points to 10.1 percent, from 10.0 percent recorded the previous week while the 364-day T-bill remained relatively unchanged at 10.9 percent, as was recorded last week.

On the other hand, yields on the average Top 5 Money Market Funds declined by 0.1 percentage points to 10.7 percent, from 10.6 percent recorded the previous week while Cytonn Money Market Fund (CMMF) remained relatively unchanged at 11.0 percent, from what was recorded the previous week.

Related Content: Best Performing Money Market Funds In Kenya Right Now

Here is the list of Money Market Fund Yields for Kenyan Fund Managers as published on 14^th April 2023:

1. Cytonn Money Market Fund – 11%
2. Madison Money Market Fund – 10.8%
3. Etica Money Market Fund – 10.8%
4. Dry Associated Money Market Fund – 10.5%
5. Apollo Money Market Fund – 10.5%
6. Jubilee Money Market Fund – 10.4%
7. Nabo Africa Money Market Fund – 10.1%
8. NCBA Money Market Fund – 10.1%
9. Kuza Money Market Fund – 10.0%
10. AA Money Market Fund – 10.0%
11. Zimele Money Market Fund – 9.9%
12. Sanlam Money Market Fund – 9.8%
13. Old Mutual Money Market Fund – 9.8%
14. Enwealth Money Market Fund – 9.6%
15. GenCap Hela Imara Money Market Fund – 9.4%
16. CIC Money Market Fund – 9.4%
17. KCB Money Market Fund – 9.4%
18. Co-op Money Market Fund – 9.4%
19. British American Money Market Fund – 9.3%
20. Gen Africa Money Market Fund – 9.3%
21. Orient Kasha Money Market Fund – 9.1%
22. ICEA Lion Money Market Fund – 9.0%
23. Absa Shilling Money Market Fund – 8.6%
24. Mali Money Market Fund – 8.2%
25. Equity Money Market Fund – 6.7%

Related Content: Why You Should Invest in Money Market Funds

Like other types of mutual funds, Money Market funds assemble a portfolio of securities and sell shares to investors, who earn returns from the portfolio in the form of income and capital gains.

They build portfolios and invest in highly liquid short-term investments such as treasury bonds, treasury bills, and cash equivalent securities like bankers’ acceptances, certificates of deposit (CDs), commercial paper, and repurchase agreements.