Afronomics dataset · Kenya
Money market fund yields, ranked
Kenya’s money market funds side by side, ranked by what a saver keeps after withholding tax. Every yield is read from the fund manager’s own website, never from adverts or third-party lists, and logged daily from 1 Oct 2026, so the history builds here and nowhere else.
Highest published yield
13.41%
Zimele Fixed Income Fund (Savings Plan)
unchanged unchangedvs 3 Nov
As of 4 Nov 2026 · Source: Zimele Asset Management
League table
What KES 100,000 earns in a year
Effective annual yield as the manager publishes it, before fees; after-tax applies Kenya’s 15% withholding tax on interest for residents.
| # | Fund | Published yield | After tax | KES 100,000, one year | Yield last changed | Trend |
|---|---|---|---|---|---|---|
| 1 | Zimele Fixed Income Fund (Savings Plan)Zimele Asset ManagementOpen an account | 13.41% | 11.40% | KES 11,399 | not since first read, 1 Oct 2026Unchanged for a week or more: the manager’s page may not be current | unchanged unchangedFollow Zimele Fixed Income Fund (Savings Plan) |
| 2 | Madison Money Market FundMadison Investment ManagersOpen an account | 10.46% | 8.89% | KES 8,891 | 26 Oct 2026Unchanged for a week or more: the manager’s page may not be current | unchanged unchangedFollow Madison Money Market Fund |
| 3 | Kasha Money Market FundOrient Asset ManagersOpen an account | 10.42% | 8.86% | KES 8,857 | 22 Oct 2026Unchanged for a week or more: the manager’s page may not be current | unchanged unchangedFollow Kasha Money Market Fund |
| 4 | Etica Money Market Fund (KES)Etica CapitalYield: average for October 2026, net of fees, from the monthly fact sheetOpen an account | 10.13% | 8.61% | KES 8,611 | 1 Nov 2026 | unchanged unchangedFollow Etica Money Market Fund (KES) |
| 5 | CIC Money Market FundCIC Asset ManagementOpen an account | 8.43% | 7.17% | KES 7,166 | not since first read, 6 Oct 2026Unchanged for a week or more: the manager’s page may not be current | unchanged unchangedFollow CIC Money Market Fund |
| Benchmark: 364-day Treasury billCentral Bank of Kenya, auction of 2 Nov 2026 | 9.03% | 7.67% | KES 7,674 | money tied up a year | unchanged unchanged | |
| Benchmark: bank savings account, industry averageCentral Bank of Kenya, 2026-09 | 3.53% | 3.00% | KES 3,000 | down −1 bps |
A fund’s published yield is its recent return annualised; it is not a promise of what it will pay, and fees are taken before or after it depending on the fund. A yield far above the Treasury bill usually means the fund holds longer or riskier paper, or that the published figure is old. Past yields are not a guide to future returns, and a ranking by one measure is not a rating or a recommendation. Check the fund’s own documents before you invest. This is information, not advice.
“Open an account” goes to the fund manager’s own page; we count the click, not who you are. A manager may in future pay Afronomics when you open an account through it. That never changes the order, which is by yield after tax alone, and funds that pay nothing are listed the same way.
Not in the table: NCBA Money Market Fund (KES) (the manager’s page was last updated 18 Aug 2026).
Manage a Kenyan money market fund and publish your yield as text on your site? Tell us at desk@afronomicsfeed.com and it joins the table.
Your fund against the best-earning one
Pick the fund you hold to set what it keeps after tax beside the best-earning fund we track.
History
Published yields, day by day
Each point is the yield on the manager’s site when Afronomics read it that day.
Which fund paid most over the whole month: the monthly ranking, with a monthly email if you want it.
Every way to hold shillings, bills and bonds included, is on where your shilling earns most. Offered a rate? Use is my rate fair.
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from fund managers’ published yields” and a link to this page.
Afronomics (2026). Kenya money market fund yields, compiled from fund managers’ published yields. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/rates/kenya/money-market-funds
Capital Markets Authority · 30 June 2026
Every money market fund in Kenya: 59 funds, KES 459.9bn
Size of each fund as the regulator reports it (42 shilling funds, 17 dollar funds, all shown in shillings). The two largest hold 43% of the money. Size is not return: a bigger fund is not a better-paying one. A yield is shown above only for funds whose manager publishes it on their own page.
| # | Fund | Currency | Size | Share | Daily yield |
|---|---|---|---|---|---|
| 1 | SanlamAllianz Money Market FundSanlam Unit Trust Scheme | KES | KES 127.8bn | 27.8% | not read yet |
| 2 | CIC Money Market FundCIC Unit Trust Scheme | KES | KES 71.0bn | 15.4% | in the table above |
| 3 | Old Mutual Money Market FundOld Mutual Unit Trust Scheme | KES | KES 28.8bn | 6.3% | not read yet |
| 4 | ABSA Shilling Money Market FundAbsa Unit Trust Funds | KES | KES 25.8bn | 5.6% | not read yet |
| 5 | KCB Money Market Fund KESKCB Unit Trust Scheme | KES | KES 22.2bn | 4.8% | not read yet |
| 6 | Co-op Money Market FundCoop Unit Trust Scheme | KES | KES 21.9bn | 4.8% | not read yet |
| 7 | ICEA Lion Money Market FundICEA Unit Trust Scheme | KES | KES 20.6bn | 4.5% | not read yet |
| 8 | Ziidi Money Market FundZiidi Money Market Fund | KES | KES 19.9bn | 4.3% | not read yet |
| 9 | Britam Money Market FundBritam Unit Trust Scheme | KES | KES 16.0bn | 3.5% | not read yet |
| 10 | Jubilee Money Market Fund KESJubilee Unit Trust Scheme | KES | KES 13.6bn | 2.9% | not read yet |
| 11 | Etica Money Market FundEtica Unit Trust Fund | KES | KES 12.9bn | 2.8% | in the table above |
| 12 | Nabo KES Money Market FundNabo Africa Funds | KES | KES 7.6bn | 1.7% | not read yet |
| 13 | Madison Money Market FundMadison Unit Trust Funds | KES | KES 6.3bn | 1.4% | in the table above |
| 14 | CPF Money Market FundCPF Unit Trust Scheme | KES | KES 5.8bn | 1.3% | not read yet |
| 15 | Jubilee Money Market Fund USDJubilee Unit Trust Scheme | USD | KES 5.7bn | 1.2% | not read yet |
| 16 | GenAfrica Money Market FundGenAfrica Unit Trust | KES | KES 5.2bn | 1.1% | not read yet |
| 17 | Dry Associates Money Market Fund USDDry Associates Unit Trust | USD | KES 4.6bn | 1.0% | not read yet |
| 18 | Dry Associates Money Market Fund KESDry Associates Unit Trust | KES | KES 4.5bn | 1.0% | not read yet |
| 19 | Lofty-Corban KES Money Market FundLofty Corban Unit Trust | KES | KES 4.2bn | 0.9% | not read yet |
| 20 | CIC Dollar Money Market FundCIC Unit Trust Scheme | USD | KES 4.1bn | 0.9% | not read yet |
| 21 | Apollo Money Market FundApollo Unit Trust Scheme | KES | KES 3.9bn | 0.9% | not read yet |
| 22 | ABSA Dollar Money Market FundAbsa Unit Trust Funds | USD | KES 3.2bn | 0.7% | not read yet |
| 23 | Old Mutual Dollar Money Market FundOld Mutual Unit Trust | USD | KES 2.5bn | 0.5% | not read yet |
| 24 | Kuza Money Market Fund KESKuza Unit Trust Scheme | KES | KES 2.4bn | 0.5% | not read yet |
| 25 | Cytonn Money Market FundCytonn UnitTrust Fund | KES | KES 2.3bn | 0.5% | not read yet |
| 26 | Mali Money Market FundMali Money Market Fund | KES | KES 2.2bn | 0.5% | not read yet |
| 27 | NCBA Money Market (KES) FundNCBA Unit Trust Scheme | KES | KES 2.2bn | 0.5% | not read yet |
| 28 | Enwealth Money Market FundEnwealth Unit Trust | KES | KES 2.0bn | 0.4% | not read yet |
| 29 | Stanbic Money Market FundStanbic Unit Trust Funds | KES | KES 2.0bn | 0.4% | not read yet |
| 30 | Arvocap Money Market FundArvocap Unit trust funds | KES | KES 1.3bn | 0.3% | not read yet |
| 31 | KCB Money Market Fund USDKCB Unit Trust Scheme | USD | KES 1.2bn | 0.3% | not read yet |
| 32 | Mayfair Money Market FundMayfair Unit Trust Funds | KES | KES 605m | 0.1% | not read yet |
| 33 | Nabo Africa Money Market FundNabo Africa Funds | KES | KES 579m | 0.1% | not read yet |
| 34 | Genghis Money Market FundGenghis Unit Trust Funds | KES | KES 555m | 0.1% | not read yet |
| 35 | NCBA Money Market USD FundNCBA Unit Trust Scheme | USD | KES 529m | 0.1% | not read yet |
| 36 | GulfCap Money Market FundGulfcap Unit Trust Funds | KES | KES 495m | 0.1% | not read yet |
| 37 | Orient Kasha Money Market FundOrient Unit Trust Scheme | KES | KES 435m | <0.1% | in the table above |
| 38 | Etica Money Market Fund USDEtica Unit Trust Fund | USD | KES 424m | <0.1% | not read yet |
| 39 | Kuza Money Market Fund USDKuza Unit Trust Scheme | USD | KES 353m | <0.1% | not read yet |
| 40 | AA Kenya Money Market FundAfrican Alliance Unit Trust | KES | KES 331m | <0.1% | not read yet |
| 41 | Faulu Money Market FundFaulu Unit Trust Scheme | KES | KES 317m | <0.1% | not read yet |
| 42 | Taifa Money Market Fund KESTaifa Unit Trust Scheme | KES | KES 279m | <0.1% | not read yet |
| 43 | Britam USD Money Market FundBritam Unit Trust Scheme | USD | KES 227m | <0.1% | not read yet |
| 44 | Lofty-Corban USD Money Market FundLofty Corban Unit Trust | USD | KES 221m | <0.1% | not read yet |
| 45 | Ziidi Shariah Money Market FundZiidi Shariah Market Fund | KES | KES 160m | <0.1% | not read yet |
| 46 | Enwealth Dollar Money Market FundEnwealth Unit Trust | USD | KES 155m | <0.1% | not read yet |
| 47 | Capital A Rejesha Money Market Fund (KES)Capital A Unit Trust Scheme | KES | KES 117m | <0.1% | not read yet |
| 48 | EIB Money Market FundEquity Investment Bank | KES | KES 89.4m | <0.1% | not read yet |
| 49 | Cytonn Money Market Fund USDCytonn UnitTrust Fund | USD | KES 41.9m | <0.1% | not read yet |
| 50 | Capital A Rejesha Money Market Fund (USD)Capital A Unit Trust Scheme | USD | KES 41.3m | <0.1% | not read yet |
| 51 | Taifa Money Market Fund USDTaifa Unit Trust Scheme | USD | KES 36.3m | <0.1% | not read yet |
| 52 | CPF USD Money Market FundCPF Unit Trust Scheme | USD | KES 32.8m | <0.1% | not read yet |
| 53 | Ziidi Biashara Money Market FundZiidi Biashara Money Market Fund | KES | KES 26.6m | <0.1% | not read yet |
| 54 | Orient Dollar Money Market FundOrient Unit Trust Scheme | USD | KES 20.1m | <0.1% | not read yet |
| 55 | Amana Shilling FundAmana Unit Trust Funds | KES | KES 18.6m | <0.1% | not read yet |
| 56 | GenCap Hela Money Market FundGenghis Unit Trust Funds | KES | KES 11.1m | <0.1% | not read yet |
| 57 | XENO Kenya Money Market FundXENO Unit Trust Funds | KES | KES 5.3m | <0.1% | not read yet |
| 58 | Globetec Unit Trust SchemeGlobetec Unit Trust Scheme | KES | KES 0.7m | <0.1% | not read yet |
| 59 | Jaza Money Market FundJaza Unit Trust Fund | KES | KES 0.1m | <0.1% | not read yet |
Source: Capital Markets Authority, Kenya, Collective Investment Schemes quarterly report, Q2 2026, table “Money Market Funds”. Updated when the CMA publishes the next quarter. Download as CSV or Excel. Fund managers: publish your daily yield as text on your fund page and it will be read here every weekday.
Quick answers
Questions people ask
- Which money market fund pays the most in Kenya?
- Of the 5 funds Afronomics reads daily, Zimele Fixed Income Fund (Savings Plan) published the highest yield on 4 Nov 2026: 13.41% a year, about 11.40% after the 15% withholding tax. Yields change daily and past yields are not a promise; this table covers only the funds listed.
- How many money market funds are there in Kenya?
- 59, holding KES 459.9 billion at 30 Jun 2026, according to the Capital Markets Authority's quarterly report (17 of them invest in dollars).
- What is the biggest money market fund in Kenya?
- SanlamAllianz Money Market Fund, with KES 127.8 billion (27.8% of all money market fund assets) at 30 Jun 2026, followed by CIC Money Market Fund at KES 71.0 billion, per the Capital Markets Authority. Size is not the same as return.
- How is money market fund interest taxed in Kenya?
- Interest from a money market fund is taxed at 15% withholding tax, deducted by the fund manager. A fund quoting 10% a year leaves about 8.5% after tax, before any fees.
- Money market fund or Treasury bill?
- After tax, the 364-day Treasury bill pays about 7.67% and the highest fund read here about 11.40%. A fund lets you withdraw within days; a bill is held to maturity and needs at least KES 50,000.
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