Best Money Market Fund Rates in Kenya (October 2026): All 32 Ranked
All 32 CMA-licensed money market funds, ranked by their latest effective annual yield. Figures are gross (before the 15% withholding tax); the Net column shows your approximate take-home. Snapshot of October 5, 2026.
Full ranking: 32 money market funds
| # | Fund | Manager | Gross yield | Net (after 15% WHT) |
|---|---|---|---|---|
| 1 | Cytonn MMF | Cytonn Asset Managers | 11.0% | 9.35% |
| 2 | Nabo Africa MMF | Nabo Capital | 10.9% | 9.27% |
| 3 | Faulu MMF | Faulu Investment Management | 10.7% | 9.12% |
| 4 | Lofty-Corban MMF | Lofty-Corban Investments | 10.7% | 9.06% |
| 5 | Enwealth MMF | Enwealth Capital | 10.6% | 9.01% |
| 6 | Madison MMF | Madison Investment Managers | 10.5% | 8.95% |
| 7 | Ndovu MMF | Ndovu Wealth | 10.5% | 8.93% |
| 8 | Jubilee MMF | Jubilee Financial Services | 10.4% | 8.86% |
| 9 | Arvocap MMF | Arvocap Asset Managers | 10.3% | 8.77% |
| 10 | Old Mutual MMF | Old Mutual Investment Group | 10.3% | 8.76% |
| 11 | Kuza MMF | Kuza Asset Management | 10.3% | 8.71% |
| 12 | Orient Kasha MMF | Orient Asset Managers | 10.2% | 8.70% |
| 13 | Gulfcap MMF | Gulfcap Asset Management | 10.1% | 8.59% |
| 14 | Etica MMF | Etica Capital | 10.0% | 8.53% |
| 15 | SanlamAllianz MMF | SanlamAllianz Investments | 9.9% | 8.37% |
| 16 | British-American (Britam) MMF | Britam Asset Managers | 9.8% | 8.36% |
| 17 | Apollo MMF | Apollo Asset Management | 9.6% | 8.16% |
| 18 | Dry Associates MMF | Dry Associates Investment Bank | 9.3% | 7.89% |
| 19 | GenAfrica MMF | GenAfrica Asset Managers | 9.3% | 7.88% |
| 20 | KCB MMF | KCB Asset Management | 9.2% | 7.85% |
| 21 | Genghis MMF | Genghis Capital | 9.0% | 7.64% |
| 22 | CIC MMF | CIC Asset Management | 8.4% | 7.17% |
| 23 | CPF MMF | CPF Financial Services | 8.4% | 7.14% |
| 24 | Mayfair MMF | Mayfair Asset Managers | 8.2% | 6.97% |
| 25 | AA Kenya Shillings Fund | African Alliance Kenya | 8.1% | 6.91% |
| 26 | Co-op MMF | Co-op Trust Investment Services | 8.0% | 6.83% |
| 27 | Mali MMF | Genghis Capital (Safaricom Mali) | 8.0% | 6.80% |
| 28 | ICEA Lion MMF | ICEA Lion Asset Management | 7.8% | 6.59% |
| 29 | Absa Shilling MMF | Absa Asset Management | 7.3% | 6.21% |
| 30 | Ziidi MMF | Standard Investment Bank (Safaricom Ziidi) | 7.0% | 5.94% |
| 31 | Stanbic MMF | SBG Securities (Stanbic) | 5.4% | 4.57% |
| 32 | Equity MMF | Equity Investment Bank | 3.8% | 3.23% |
Source: Serrari Group live MMF table (5 October 2026), cross-checked against the MMFs Kenya table of 2 October 2026 and, where published, the manager's own rate (Etica, Old Mutual, CIC); funds absent from the newer tables carry their freshest dated figure. Gross = annualised, net of management fees, before tax. Net = gross less 15% withholding tax (a final tax). Yields are variable and change weekly.
See what your money would earn
Plug any amount and fund yield into the calculator to project your daily, monthly and annual returns, after the 15% tax.
How to read these yields
A money market fund (MMF) pools your money with other investors and lends it to low-risk borrowers: the government (Treasury bills), banks (fixed deposits) and blue-chip companies (commercial paper). The interest, minus a small management fee, is what you earn. Funds publish two numbers:
- Daily yield: the annualised return for a single day. It moves slightly every day.
- Effective annual yield: the daily yield compounded over a year. This is the headline figure used in the ranking above and the fairest way to compare funds.
Every figure here is gross, before the 15% withholding tax that the fund deducts before paying you. That tax is final, so a 12.0% gross fund actually puts about 10.20% in your pocket. Always compare funds on the net number for money that is staying invested.
Yield is not the only thing that matters
The top of the table changes almost every week, and chasing the single highest number is rarely wise. Before you choose, weigh:
- Licence: only invest in a CMA-licensed fund. Every fund on this page is licensed.
- Size and track record: a large fund with a multi-year record is harder to disrupt than a tiny new one offering a headline-grabbing rate.
- Fees: the management fee is already inside the published yield, but it is worth knowing (typically 1.5% to 2% a year).
- Minimum: from about KES 100 (Etica, Mali, Ziidi) to KES 1,000 for many funds, up to KES 1,000,000 for a few.
- Withdrawal speed: most funds pay out in one to three business days. Confirm before you commit money you may need fast.
A sensible approach: build a shortlist of two or three trusted, licensed funds first, then compare their net yields, rather than blindly picking this week's number one.
Related tools and reading
Project your returns with the Money Market Fund Calculator, compare against a bank Fixed Deposit or government Treasury Bill, and see how inflation affects real returns with the Inflation Calculator. The most-searched funds also have their own page with the current rate and a calculator: Cytonn MMF, Britam MMF, Etica MMF and Ziidi. For higher-risk special funds, compare Mansa-X vs Oak Special Fund.
Money market funds in Kenya: FAQ
Which money market fund pays the highest interest in Kenya right now?
Are money market fund returns taxed in Kenya?
Are money market funds safe in Kenya?
How much do I need to start a money market fund in Kenya?
Is the highest-yielding fund always the best choice?
How often do money market fund rates change in Kenya?
Disclaimer: This page is for general information only and is not financial advice. Yields are indicative, variable, and change frequently; past performance does not guarantee future returns. Always confirm current rates, fees and terms directly with the fund manager and read the fund's information memorandum before investing. PesaCalc is not a licensed investment adviser. Figures last reviewed October 5, 2026.