Mansa-X Special Fund Maintains Dominance, Commanding 73.5% Of The Special CIS Market Share Per CMA Report

Kenya’s largest Special Collective Investment Scheme (CIS), Mansa-X Special Fund, powered by Standard Investment Bank, has maintained its dominance, growing its market share to 73.5% in the three months ending March 2026.

The Capital Markets Authority (CMA) Collective Investment Schemes Quarterly Report for Q1 2026 showed that Mansa-X Special Fund saw a 22% increase in Assets Under Management from KES 125Bn in December 2025 to KES 153 Billion by the end of March 2026.

The Mansa-X Special Fund – KES closed the quarter with a 64.9% market share, with its AUM hitting KES 132.2 Billion, while Mansa-X Special Fund – USD placed second with KES 17Bn in AUM, representing 8.6% of the market share.

Standard Investment Bank Executive Director for Global Markets Nahashon Mungai attributed the growth to increased investors’ appetite for funds that protect them from a volatile market environment, as well as investors’ increasing demand for diversification beyond traditional asset classes. “Mansa-X is a highly diversified fund with the ability to trade over 200 asset classes across global markets, enabling 24-hour trading, maximizing the earning potential. This is what investors are looking for in a highly unpredictable environment.”

On the other hand, Mansa-X Shariah Special Fund – KES grew 30.4% from KES 2.3Bn to close at KES 3 Billion, while the Mansa-X Shariah Special Fund – USD saw a 44.6% increase from KES 365Mn to KES 528Mn by the close of Q1 2026.

SIB Executive Director for Islamic Investment Banking Abdullahi Adan said that the uptake shows the appetite for ethical investment options in the Kenyan market, which the Shariah Funds offer. “Over the past decade, Shariah-compliant products have emerged as both an alternative and a complement to conventional finance, widening participation for individuals and institutions seeking faith-aligned investment opportunities.”

The CMA Report showed that in the period ending March 31, 2026, the total assets under management by the Collective Investment Schemes (CIS) amounted to KES 851.7Bn, being a 13% increase from KES 756.3Bn reported in the period ended December 31, 2025 (Q4 2025).

Standard Investment Bank also increased its overall CIS market share from 16.6% in December 2025 to 18% in March 2026, further narrowing the gap between SIB and the current market leader.

Read Also: Mansa-X Special Funds Cross USD 1 Billion Mark, Post Returns of Up to 20.74% in 2025