Top 25 Money Market Funds In Kenya Right Now
KEY POINTS
The yields on the Cytonn Money Market Fund closed the week at 18.1%, remaining unchanged from the previous week, while the average yields on the Top 5 Money Market Funds decreased by 15.8 bps to close the week at 17.2%, from 17.4% recorded the previous week.
In the money markets, 3-month bank placements ended the week at 16.6%, and the yields on the government papers were on a downward trajectory.
The yields on the 364-day and 91-day papers decreased by 52.1 bps and 51.6 bps to 14.4% and 13.4% respectively from 15.0% and 14.0% recorded the previous week.
The yields on the Cytonn Money Market Fund closed the week at 18.1%, remaining unchanged from the previous week, while the average yields on the Top 5 Money Market Funds decreased by 15.8 bps to close the week at 17.2%, from 17.4% recorded the previous week.
Read Also: The Path To Financial Independence: Tapping Into SACCOs And Money Market Funds
Here is the full list with their effective annual rates:
MMF
- Cytonn Money MARKET Fund – 18.1%
- Lofty-Corban Money Market Fund – 17.8%
- Etica Money Market Fund – 17.2%
- Arvocap Money Market Fund – 16.6%
- Kuza Money Market Fund – 16.5%
- Jubilee Money Market Fund – 15.5%
- Ndovu Money Market Fund – 15.5%
- Nabo Money Market Fund – 15.4%
- Mali Money Market Fund – 15.2%
- Genghis Money Market Fund – 15.2%
- GenAfrica Money Market Fund – 15.2%
- KCB Money Market Fund – 15.2%
- Faulu Money Market Fund – 15.2%
- Mayfair Money Market Fund – 14.9%
- Sanlam Money Market Fund – 14.9%
- Apollo Money Market Fund – 14.9%
- Madison Money Market Fund – 14.9%
- Enwealth Money Market Fund – 14.6%
- Co-op Money Market Fund – 14.4%
- Ansa Shilling Money Market Fund – 14.3%
- Orient Kasha Money Market Fund – 14.3%
- Old Mutual Money Market Fund – 13.9%
- Dry Associated Money Market Fund – 13.9%
- CIC Money Market Fund – 13.5%
- ICEA Lion Money Market Fund – 13.3%
Read Also: How Kenyans Can Create Wealth Baskets Via Money Market Funds
About Soko Directory Team
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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