Money Market Funds (MMFs) have become increasingly popular in Kenya as a secure investment option, offering attractive returns with minimal risk. This guide provides an overview of the top MMF companies in Kenya for 2024, detailing the best funds to consider for your investment portfolio.
If you're looking for a wide selection of MMF companies, these are the top 20 in Kenya that have proven to provide reliable returns and high liquidity:
For those who want a more curated list, the top 10 MMF companies offer the best combination of stability, returns, and customer service. These include:
Cytonn Money Market Fund
Known for offering competitive returns, Cytonn has established itself as a leading choice for investors seeking to maximize their earnings.
KCB Money Market Fund
With a strong reputation and backing by one of Kenya’s largest banks, KCB offers reliable returns for conservative investors.
Sanlam Money Market Fund
Sanlam’s fund is ideal for investors looking for a balance of risk and reward.
NCBA Money Market Fund
NCBA offers great flexibility and favorable interest rates, making it a top choice for many investors.
Britam Money Market Fund
Britam’s fund provides liquidity and security, ideal for those who prefer low-risk investment vehicles.
ICEA Lion Money Market Fund
ICEA Lion has consistently delivered good returns, coupled with solid customer service.
CIC Money Market Fund
CIC is a trusted name, providing excellent liquidity and competitive interest rates.
UAP Old Mutual Money Market Fund
UAP Old Mutual's fund is well-suited for individuals seeking high returns with low risk.
Co-op Money Market Fund
Cooperative Bank’s money market fund is a reliable option for those looking for stable growth.
Zimele Money Market Fund
Zimele’s fund offers accessibility and relatively high interest rates, appealing to smaller investors.
With the increasing demand for safe and secure investments, MMFs in Kenya have become a go-to for many. The top companies include Cytonn, KCB, and Britam, among others, offering investors secure ways to grow their savings.
In 2024, the following money market funds have shown consistent growth and promise for future performance:
Cytonn continues to stand out as one of Kenya’s best-performing money market funds. Its competitive interest rates, high liquidity, and low entry barriers make it attractive to both small and large investors.
Etica MMF is a newer player in the Kenyan market but is quickly gaining recognition for its ethical investment strategies and stable returns.
As of April 2024, the top 15 money market funds in Kenya include:
KCB offers one of the most stable and reliable money market funds in Kenya. Backed by Kenya’s largest bank, the KCB Money Market Fund is a solid option for investors looking for security and reasonable returns.
Investing in a money market fund is one of the safest ways to grow your wealth in Kenya. With the diverse options available, it's crucial to choose a fund that aligns with your financial goals. Whether you're looking for short-term liquidity or long-term growth, the top MMF companies in Kenya offer solutions for every type of investor.
Savanis