Best Money Market Funds in Kenya 2026: Highest Returns Compared

A money market fund (MMF) is currently one of the smartest places to keep your savings in Kenya. The best funds are earning gross returns of between 10% and 13% per year — far more than any bank savings account — while keeping your money accessible, safe, and professionally managed. This guide explains how MMFs work, reviews the top options in Kenya right now, and helps you choose the right fund for your goals and budget.

Over the past three years, money market funds have become the go-to investment for millions of Kenyans who want better returns than a bank account but cannot afford to lock their money away for years. You can start with as little as KSh 100, earn interest every single day, and withdraw your money within one to three business days. No lock-in. No penalties.

The market has grown significantly. As of mid-2026, there are over 28 CMA-regulated money market funds in Kenya, with the average gross return sitting at around 8.95% — and the top performers delivering well above 10% to 13%. This article focuses specifically on five funds that come up consistently in searches and investor conversations: CIC, Sanlam, Britam, Etica, and Lofty Corban, while also giving you the bigger picture on what to look for and how to get started.

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What Is a Money Market Fund?

A money market fund is a type of collective investment scheme — sometimes called a unit trust — that pools money from many individual and institutional investors. A licensed fund manager then invests that pooled money into short-term, low-risk financial instruments, which in Kenya typically include:

• 91-day, 182-day, and 364-day Treasury Bills issued by the Kenyan government
• Fixed deposits and call deposits placed with commercial banks regulated by the Central Bank of Kenya (CBK)
• High-quality commercial paper — short-term corporate debt instruments
• Short-term government bonds

The returns generated from these instruments are distributed to investors daily as interest, which compounds over time, meaning interest is earned on top of previously earned interest.

All money market funds in Kenya must be licensed and regulated by the Capital Markets Authority (CMA). Each fund also has a custodian (a bank that holds the money), a trustee (who protects investors’ interests), and an independent auditor. This four-layer structure significantly reduces the risk of fraud or mismanagement.

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How a Money Market Fund Works — A Simple Example

You invest KSh 50,000 in a money market fund offering 10% gross EAR (Effective Annual Rate).

• Daily interest = KSh 50,000 × 10% ÷ 365 = KSh 13.70 per day
• Monthly interest (30 days) = ~KSh 411
• Gross annual return = KSh 5,000

After deducting the 15% withholding tax on the interest (KSh 750), your net annual return = KSh 4,250, or approximately 8.5% net.

Now compare this to a bank savings account offering 5% per year on the same KSh 50,000:

• Annual interest from bank = KSh 2,500 (before withholding tax)

The MMF earns you roughly twice as much, for the same level of safety and similar liquidity.

Important note on returns: Yields quoted by fund managers are almost always gross — before management fees and the 15% withholding tax. When comparing funds, always ask for the net effective yield after fees and tax, which is the actual return that lands in your account.

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Why Money Market Funds Have Grown So Popular in Kenya

Several factors have made MMFs the savings vehicle of choice for many Kenyans:

Higher returns than bank accounts. Bank savings accounts currently offer 3%–8.5% per year. Top MMFs are consistently delivering 10%–13% gross before the CBK’s current rate-cutting cycle brings those numbers lower.

Low entry barriers. Several funds accept investments from as little as KSh 100 — less than a cup of coffee. You do not need to be wealthy to start.

Daily interest. Unlike a fixed deposit that pays at maturity, MMFs credit interest to your balance every single day. The longer you stay invested, the faster your balance grows through compounding.

Liquidity. There is no lock-in period. You can withdraw at any time, and most funds process withdrawals within one to three business days. Some, like Etica, offer same-day M-Pesa withdrawals for amounts under KSh 250,000.

Professional management. Your money is managed by licensed fund managers with teams of analysts and economists. You do not need to monitor markets or make investment decisions yourself.

Regulation. The CMA enforces strict governance requirements — quarterly reports, independent custodians, trustees, and auditors. This multi-layer oversight reduces operational and governance risk significantly.

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Understanding the Costs: Fees and Tax

Before diving into specific funds, you need to understand two costs that apply to every money market fund in Kenya:

1. Management Fee Fund managers charge an annual fee, typically between 1.2% and 2.5% per year, calculated on your balance. This fee is deducted from the fund’s earnings before the yield is published — meaning the gross rate you see is already net of management fees in most cases. Always confirm this with the specific fund.

2. Withholding Tax (15%) The Kenya Revenue Authority (KRA) levies a 15% withholding tax on all interest income earned from MMFs. The fund deducts this automatically before crediting interest to your account. You do not file it separately.

The real return formula:

Gross yield − Management fee = Net yield before tax Net yield before tax × (1 − 0.15) = What you actually receive

Example: A fund advertising 12% gross, with a 2% management fee built in:

• Net yield before tax = 12% (if 2% already deducted) × 0.85 = 10.2% effective net return

When a fund advertises “net of fees and gross of withholding tax,” the 15% tax still applies to the stated figure.

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What to Look for When Choosing a Money Market Fund

Yield consistency, not just the current peak. A fund that delivered 13% last month but 8% the month before is less reliable than one that has consistently held 10–11% over the past year. Use 3-month and 12-month average yields, not daily snapshots.

Management fee. A lower fee means more of the fund’s gross earnings flow to you. The difference between a 1.2% and a 2.5% fee on KSh 500,000 is KSh 6,500 per year — real money.

Minimum investment and top-up. If you are starting small, choose a fund with a low minimum. Once your balance grows, you can explore funds with higher minimums but better rates.

Withdrawal speed. For an emergency fund, choose a fund that can return your money within 24–48 hours. Longer withdrawal times (3–5 days) are acceptable if you have a separate emergency buffer.

Fund size (AUM). Larger funds — measured by Assets Under Management — tend to be more stable, better diversified, and able to negotiate higher rates on fixed deposits and Treasury Bills. Very small funds can carry more concentration risk.

Fund manager track record. How long has the fund been operating? How has it performed across different interest rate environments? New funds may offer attractive introductory rates that moderate over time.

Read also: How to Save Money in Kenya: 20 Practical Tips (2026)

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Best Money Market Funds in Kenya 2026

1. CIC Money Market Fund — Best for Trusted Institutional Backing

Fund Manager: CIC Asset Management Limited
Minimum Investment: KSh 5,000
Minimum Top-Up: KSh 1,000
Management Fee: 2% per annum
Withholding Tax: 15% on interest
Liquidity: Withdrawals within 2–4 business days
Trustee: KCB Bank Kenya
Custodian: Co-operative Bank of Kenya
Auditors: PwC Kenya
How to Invest: CIC offices, website, or CIC mobile app

The CIC Money Market Fund is one of the most established and widely held MMFs in Kenya. It is backed by CIC Insurance Group, which has been in the Kenyan financial market for decades and counts many co-operative societies and SACCOs among its shareholders. The fund invests in a diversified mix of call deposits, fixed deposits at CBK-regulated banks, Treasury Bills, government securities, and credit-rated commercial paper, with a maximum weighted average maturity of 13 months.

Interest is calculated daily and credited at the end of each month. As an institutional investor pooling money from thousands of clients, the fund can negotiate preferential rates on large fixed deposits — a meaningful advantage that smaller funds sometimes cannot match.

The 2% management fee is on the higher end of the market, and the KSh 5,000 minimum is a slight barrier compared to funds starting at KSh 100. However, for investors who value institutional credibility, a long track record, and the oversight of PwC as auditors, CIC remains a solid and dependable choice.

Best for: Conservative investors, SACCO members, and those who prefer a fund backed by a large, well-known Kenyan institution.

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2. SanlamAllianz Money Market Fund — Best by Assets Under Management

Fund Manager: SanlamAllianz Investments Limited (formerly Sanlam Investments East Africa)
Minimum Investment: KSh 2,500
Minimum Top-Up: KSh 1,000
Management Fee: 1.2%–1.5% per annum
Withholding Tax: 15% on interest
Withdrawals: One free withdrawal per month; additional withdrawals charged at KSh 500 each
Liquidity: Funds available within 3 business days
How to Invest: Sanlam website, Sanlam Unit Trust EA app, M-Pesa (Paybill 222333)

The SanlamAllianz Money Market Fund is Kenya’s largest money market fund by Assets Under Management, having grown to over KSh 114 billion as of January 2026. That scale is not just a number — it represents the confidence of a large number of retail and institutional investors, and it gives the fund significant leverage to secure competitive rates from banks and on government securities.

Sanlam has been managing unit trusts in Kenya since 1998, giving it one of the longest track records in the local market. The fund reported a 12-month return of 13.1% for the year to January 2026 and an effective annual yield of 9.56% as of January 30, 2026. The moderation from 16.8% in 2024 reflects the broader market trend as the Central Bank of Kenya has cut its benchmark rate — not a reflection of poor management, but of a changing interest rate environment that has affected all funds equally.

The management fee of 1.2%–1.5% is competitive relative to many peers, and the KSh 2,500 minimum makes the fund accessible to most salaried workers. Withdrawals are processed within 3 business days, and M-Pesa integration makes top-ups straightforward.

Best for: Investors who prioritise fund size, long institutional track record, and lower management fees.

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3. Britam Money Market Fund — Best for Digital Convenience and Brand Trust

Fund Manager: Britam Asset Managers Limited
Minimum Investment: KSh 1,000
Management Fee: Embedded (verify current rate with Britam)
Withholding Tax: 15% on interest
Liquidity: Withdrawals within 24–48 hours (M-Pesa and bank)
Trustee: KCB Bank Kenya
Custodian: Standard Chartered Kenya
Auditors: Deloitte & Touché
How to Invest: Britam website, Britam mobile app, M-Pesa integration

Britam Asset Managers is one of Kenya’s largest asset management companies, managing over KSh 200 billion in assets across all its funds. The Britam Money Market Fund is consistently ranked among the top five Kenyan MMFs by fund size, and the company’s digital platform — including a well-rated mobile app with M-Pesa integration — makes it one of the most accessible funds on the market.

The fund invests in fixed deposit accounts, Treasury Bills, and short-term Treasury Bonds, with a focus on fixed income securities of short investment duration and high credit quality. Effective annual yields for 2024 ranged from 8.71% to 13.53%, with a full-year average of approximately 10.78%, demonstrating strong and consistent performance. For 2026, gross yields have moderated in line with the broader market but remain significantly above bank savings rates.

Britam’s governance structure — with Standard Chartered as custodian, KCB as trustee, and Deloitte as auditor — is one of the most robust in the industry and provides a strong layer of investor protection.

The KSh 1,000 minimum makes entry accessible, and the 24–48 hour withdrawal time is among the fastest for a fund of this size.

Best for: Investors who want a large, reputable fund with strong digital access, fast withdrawals, and robust governance.

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4. Etica Money Market Fund — Best for Beginners and Mobile-First Investors

Fund Manager: Etica Capital Limited
Minimum Investment: KSh 100
Minimum Top-Up: KSh 100
Management Fee: 2.0% per annum
Withholding Tax: 15% on interest
Withdrawals: Same-day to M-Pesa (up to KSh 250,000 instantly); bank transfers within 1–2 business days Benchmark: Average 91-day T-Bill rate + 1% per annum
How to Invest: Etica app (iOS and Android), web portal

Etica Capital Limited launched its money market fund in 2023 and has since become one of the most talked-about funds in Kenya, primarily for two reasons: the KSh 100 minimum investment and one of the fastest withdrawal systems in the market. As of January 31, 2026, the fund reported an effective annual yield of 10.55%, placing it consistently among the top performers in the market.

The fund’s benchmark — the average 91-day T-bill rate plus 1% — means it targets returns slightly above the short-term government rate at all times. Investments are made in government securities, fixed deposits, and other low-risk instruments, and interest compounds daily.

What truly differentiates Etica is access. You can withdraw up to KSh 250,000 instantly to your M-Pesa wallet — any time of day, including nights and weekends. This makes Etica particularly well-suited as an emergency fund, since the money is essentially as accessible as M-Pesa itself. Withdrawals above KSh 250,000 or to a bank account take one to two business days.

The 2% management fee is the same as CIC and is on the higher end, but given the returns and liquidity on offer, many investors consider it justified. The app has been praised for its clean interface and transparency — daily returns are visible in real time.

Best for: First-time investors, beginners with limited starting capital, and anyone who wants emergency fund liquidity with MMF-level returns.

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5. Lofty Corban Money Market Fund — Best Growth Story and Consistent Returns

Fund Manager: Lofty-Corban Investments Limited
Minimum Investment: KSh 1,000
Minimum Top-Up: KSh 100
Management Fee: 2.0% per annum
Withholding Tax: 15% on interest
Liquidity: Withdrawals within 1–3 business days
Portfolio: Treasury Bills, Fixed Deposits, Commercial Paper
How to Invest: Lofty Corban website, in-person consultation

Lofty-Corban Investments Limited has become one of the standout stories in Kenya’s asset management space. The fund crossed KSh 4 billion in Assets Under Management in May 2025 — representing a remarkable 645% growth from late 2023 — while maintaining competitive returns that consistently rank it in the top tier of all Kenyan MMFs.

As of April 2026, the fund was reporting a Money Market Fund yield of approximately 10.14%, with March 2026 net returns of around 10.7%. According to the Serrari Kenya MMF Leaders Index — which ranks the top five funds by sustained 3-month average yield — Lofty Corban holds the fourth position with a 3-month average EAR of approximately 10.69%, placing it above many far larger and older competitors.

The fund’s approach has been described as “boutique agility” — large enough for institutional-grade stability and diversification, yet small enough to move quickly when short-term interest rate opportunities arise in areas that the largest funds sometimes overlook. Its portfolio spans Treasury Bills, fixed deposits, and commercial paper, with a focus on capital preservation alongside competitive income.

The KSh 1,000 minimum investment is accessible, and the KSh 100 minimum top-up is one of the lowest in the market, making it easy to build up gradually from a standing start.

Best for: Investors looking for a consistent top-performing fund with a strong growth trajectory and boutique agility in its investment approach.

Read also: Best Savings Accounts in Kenya 2026: Highest Interest Rates Compared

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Comparison Table: Top 5 Money Market Funds Kenya 2026

Fund	Fund Manager	Approx. Gross Yield (2026)	Min. Investment	Min. Top-Up	Management Fee	Withdrawal Speed
CIC MMF	CIC Asset Management	~9%–10%	KSh 5,000	KSh 1,000	2.0% p.a.	2–4 business days
Sanlam MMF	SanlamAllianz Investments	~9.5%–10%	KSh 2,500	KSh 1,000	1.2%–1.5% p.a.	3 business days
Britam MMF	Britam Asset Managers	~10%–13%	KSh 1,000	KSh 1,000	Embedded	24–48 hours
Etica MMF	Etica Capital	~10.5%–11%	KSh 100	KSh 100	2.0% p.a.	Instant (M-Pesa ≤250k)
Lofty Corban MMF	Lofty-Corban Investments	~10%–11%	KSh 1,000	KSh 100	2.0% p.a.	1–3 business days

Disclaimer: Yields are approximate and based on recent fund fact sheets and tracker data as of mid-2026. Returns are not guaranteed and change with market conditions. Always verify the latest rate directly with the fund manager before investing.

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How to Invest in a Money Market Fund in Kenya: Step-by-Step

Step 1: Define your goal Are you building an emergency fund, saving for a goal in 6–24 months, or parking idle cash? Your goal determines how important liquidity is and how long you plan to stay invested.

Step 2: Compare funds Use the table above or platforms like Serrari (serrarigroup.com/ke/mmf) and Money254 to compare current yields across all 28+ CMA-regulated funds. Focus on 3-month average yields, not single-day peaks.

Step 3: Gather your documents You will need:

• National ID or valid passport
• KRA PIN Certificate
• Bank account details or M-Pesa number
• Next-of-kin information
• Passport-size photo (some funds)

Step 4: Register Most funds now allow full digital registration through their website or mobile app. Some, like CIC, also have walk-in offices across Kenya. The process takes as little as 5–10 minutes online.

Step 5: Make your initial deposit Fund your account via M-Pesa paybill, bank transfer, or cheque. Your money starts earning interest from the next business day after the deposit clears.

Step 6: Set up regular top-ups Automate a monthly top-up on salary day. Even KSh 2,000 a month adds up quickly, and the daily compounding means every shilling is working for you from day one.

Step 7: Monitor your returns Track your balance monthly via the fund’s app or online portal. Compare your fund’s yield against the market average periodically — if a fund consistently underperforms the market, it is worth switching.

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Pros and Cons of Money Market Funds

Pros:

• Returns of 10%–13% gross — significantly higher than bank savings accounts
• Daily interest compounding
• No lock-in period; withdraw whenever needed
• Low minimum investments (from KSh 100)
• Professionally managed by CMA-licensed experts
• Diversified portfolios reduce single-counterparty risk
• Transparent — fund managers must publish yields daily

Cons:

• Returns are not fixed or guaranteed — yields fall when the CBK cuts interest rates
• Not covered by KDIC insurance (unlike bank deposits)
• 15% withholding tax reduces your effective net return
• Management fees of 1.2%–2.5% eat into gross returns
• Withdrawals take 1–3 business days for most funds (not instant like M-Pesa)
• Not suitable for very long-term wealth building — use bonds or equities for 5+ year horizons

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Risks to Understand Before Investing

Interest rate risk. The CBK is currently in a rate-cutting cycle. As the Central Bank Rate falls, Treasury Bill rates decline, and MMF yields follow. A fund yielding 13% last year may yield 9% this year. This is normal and not a sign of poor management — it affects all funds equally.

Credit risk. A small portion of MMF portfolios may be placed in commercial paper (corporate short-term debt). If the issuing company defaults, the fund absorbs the loss. Top-tier funds mitigate this by sticking to highly rated issuers and diversifying across many instruments.

No KDIC protection. Unlike bank savings accounts, MMF deposits are not covered by the Kenya Deposit Insurance Corporation (KDIC). However, CMA regulation, independent custodians, and diversified portfolios provide meaningful protection in their own right. No Kenyan MMF has ever failed to repay investor capital.

Liquidity risk (in extreme scenarios). In rare market stress situations, fund managers may temporarily suspend redemptions. This has never happened in Kenya’s mainstream MMF market, but it is worth knowing.

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Common Mistakes Kenyans Make with Money Market Funds

Chasing the highest daily yield without checking consistency. A fund that spiked to 15% for one week and averaged 9% over three months is less attractive than one that has held 11% steadily. Always look at 3-month and 12-month averages.

Ignoring fees. The difference between a 1.2% and a 2% management fee on KSh 300,000 is KSh 2,400 per year. Over five years, that is KSh 12,000 — a meaningful sum.

Leaving emergency money in a fund with slow withdrawals. If your emergency fund is in a fund that takes 3–5 days to process, you may not be able to access cash when you need it most. Either keep a portion in a fast-access fund like Etica, or maintain a separate bank savings account for immediate needs.

Not starting because the amount feels too small. KSh 500 earning 10% per year is KSh 50 in interest — small, yes. But the habit of investing matters more than the amount. Start with whatever you have today.

Not reviewing the fund periodically. The MMF market changes. A fund that was the best performer in 2024 may not be in 2026. Review your fund’s performance against the market average every six months.

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Expert Tips to Maximise Your MMF Returns

• Compare net yields, not gross. When two funds show different gross rates, calculate the net return after the 15% WHT to make a fair comparison.
• Invest immediately after payday. Every day your money sits in a current account instead of an MMF is a day of interest lost. Same-day M-Pesa deposits work for most funds.
• Consider splitting across two funds. Diversifying between a large, stable fund like Sanlam and a high-performing boutique fund like Lofty Corban or Etica gives you both stability and yield optimisation.
• Use the emergency fund in a fast-access MMF. Funds like Etica that allow instant M-Pesa withdrawals are better suited to emergency savings than funds with 3-day processing times.
• Reinvest interest. Most funds automatically reinvest interest into your balance. Do not withdraw interest unless you need it — compounding works best when left uninterrupted.
• Monitor CBK rate decisions. When the CBK raises the Central Bank Rate, MMF yields tend to rise in the following weeks. When it cuts rates, yields fall. Staying informed helps you plan.

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Money Market Funds vs. Other Investment Options

Feature	MMF	Bank Savings Account	Treasury Bills	Fixed Deposit
Typical gross return (2026)	9%–13%	3%–8.5%	7.7%–9.2%	7%–10%
Minimum investment	KSh 100–5,000	KSh 0–5,000	KSh 100,000	KSh 10,000+
Lock-in period	None	None	91–364 days	1–12 months
Withdrawal speed	1–3 days (some instant)	Immediate / 1 day	At maturity	At maturity (penalty for early exit)
KDIC protection	No	Yes (up to KSh 500k)	No (government guaranteed)	Yes
Daily compounding	Yes	Usually monthly	No (fixed at auction)	No
Risk level	Very low	Very low	Very low	Very low

The practical conclusion: MMFs outperform bank savings accounts on returns. Treasury Bills offer slightly higher gross rates but require KSh 100,000 minimum and lock your money in for 91 to 364 days. A sensible strategy for most Kenyans is to keep 3–6 months of living expenses in an MMF (for liquidity and returns) and invest surplus long-term savings in Treasury Bonds or equities.

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Frequently Asked Questions

1. What is the best money market fund in Kenya right now? There is no single best fund for everyone. Based on sustained 3-month average yields as tracked by Serrari in mid-2026, Nabo Africa MMF leads the market at around 13.29% EAR, followed by Cytonn at 12.00% and Etica at 10.70%. Among the five funds covered in this article, Etica and Lofty Corban have been consistent top-tier performers in 2026. For investors who prioritise AUM and stability, Sanlam is the largest fund by far. Always verify the latest yield before investing.

2. Are money market funds safe in Kenya? They are considered very low risk. All CMA-regulated MMFs invest primarily in government securities and deposits at licensed Kenyan banks, and they must maintain diversified portfolios. The fund manager, custodian, trustee, and auditor form a four-layer governance structure. No Kenyan MMF has ever lost investor principal. However, they are not capital-guaranteed and are not covered by KDIC insurance.

3. How much do I need to start investing in an MMF? It depends on the fund. Etica accepts as little as KSh 100. Lofty Corban and Britam start at KSh 1,000. Sanlam requires KSh 2,500. CIC requires KSh 5,000. There is no reason to delay — start with what you have.

4. How is interest calculated and when is it paid? Interest accrues daily on your balance and is credited monthly. Daily compounding means your interest earns more interest each day. Some funds display your daily earnings in real time on their apps.

5. How long does withdrawal take? It varies by fund. Etica processes M-Pesa withdrawals of up to KSh 250,000 instantly. Britam processes withdrawals within 24–48 hours. Sanlam and CIC take up to 3 business days. Always check the specific fund’s withdrawal policy before investing your emergency savings there.

6. What taxes apply to MMF income? A 15% withholding tax is deducted automatically from all interest earned in an MMF. The fund handles this deduction at source — you do not need to file separately. If you hold a valid tax exemption certificate from KRA, you may apply for exemption. Verify this with your fund manager and KRA.

7. Can I invest in an MMF if I live outside Kenya? Yes. Most major fund managers including Sanlam, Britam, and Etica accept Kenyan diaspora investors. You will need a Kenyan ID or passport and a KRA PIN. Some funds offer simplified registration for diaspora investors via their websites. Serrari’s diaspora MMF guide covers this in detail.

8. What is the difference between gross yield and net yield? Gross yield is the return the fund earns before any deductions. Net yield is what you actually receive after the 15% withholding tax is deducted. If a fund reports “net of fees and gross of WHT” — meaning management fees are already deducted but withholding tax has not been — multiply the stated yield by 0.85 to get your actual net return. For example, 10% × 0.85 = 8.5% in your account.

9. Should I put my emergency fund in an MMF? Yes — with a caveat. If your emergency fund is in a fund that takes 3 or more days to process withdrawals, you may struggle to access money quickly in a genuine emergency. Use Etica (instant M-Pesa withdrawal) or a similar fast-access fund for emergency savings. For savings you will not touch unless absolutely necessary, any top-performing MMF works well.

10. How do I compare money market funds in Kenya? Use Serrari (serrarigroup.com/ke/mmf) for daily yield tracking and 3-month averages. Money254 (money254.co.ke) also provides fund comparisons and individual fund reviews. Always check the fund manager’s own website for the official current fact sheet before investing.

11. What happens to my MMF money if the fund manager closes? Your money is held by the custodian — a separate entity (usually a major Kenyan bank) — not by the fund manager directly. Even if the fund manager were to close, the custodian holds the assets on your behalf and would facilitate the return of your funds under CMA supervision. This structural separation is why the risk of losing money to fund manager failure is very low.

12. Can businesses and organisations invest in MMFs? Yes. Most MMFs accept corporate accounts for businesses, NGOs, schools, SACCOs, and churches. Corporate investors typically need company registration documents, directors’ IDs, board resolutions, and KRA certificates. Many companies use MMFs to earn returns on idle cash between payroll cycles or supplier payments.

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Final Verdict

Money market funds are one of the most efficient ways for Kenyans to grow their savings with low risk, daily returns, and no lock-in period. The five funds covered in this article each serve a slightly different investor:

• CIC MMF — for investors who want institutional credibility, a long track record, and co-operative sector backing.
• Sanlam MMF — for investors who prioritise the largest fund by AUM, lower management fees, and over 25 years of presence in Kenya.
• Britam MMF — for investors who want a large, reputable fund with a strong digital platform and fast 48-hour withdrawals.
• Etica MMF — for beginners and mobile-first investors who want instant M-Pesa withdrawals, a KSh 100 minimum, and consistently competitive yields.
• Lofty Corban MMF — for investors looking for sustained top-tier returns, rapid AUM growth, and a nimble investment approach.

The broader market average sits at around 9% gross as of mid-2026, with top performers above 10%–13%. Even the average is meaningfully better than any bank savings account in Kenya.

Start with an amount you are comfortable with. Automate a monthly top-up. Leave the daily compounding to do its work. Over time, the difference between keeping money in a current account and keeping it in a money market fund becomes very significant — and entirely in your favour.

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Read also:

• Best Savings Accounts in Kenya 2026: Highest Interest Rates Compared
• How to Save Money in Kenya: 20 Practical Tips (2026)
• Best Investment Options in Kenya (2026 Guide)