If you’ve been wondering where to park your money in Kenya without locking it away or taking big risks, money market funds (MMFs) are the place to look. As of 5th August 2025, yields across Kenya’s top MMFs remain attractive, with several funds outperforming short-term government securities while still beating inflation. From Cytonn’s consistent double-digit returns to Nabo’s impressive jump in just a week, investors now have clearer insights on where their cash can work harder without losing the flexibility of easy withdrawals.
Kenya’s Money Market Fund Yields in KES – Snapshot as of 5 August 2025
Below is the exact table of Kenya’s top MMFs, showing yields on 28 July and 5 August, plus after-tax returns:
| Rank | Fund Manager | Yield (%) 28 July | Yield (%) 5 August | After Tax (%) |
|---|---|---|---|---|
| 1 | Cytonn Money Market Fund | 13.34 | 13.30 | 11.31 |
| 2 | Gulfcap Money Market Fund | 13.11 | 13.11 | 11.14 |
| 3 | Nabo Money Market Fund | 12.17 | 13.02 | 11.07 |
| 4 | Lofty Corban MMF | 12.72 | 12.68 | 10.78 |
| 5 | Orient Money Market Fund | 12.23 | 12.37 | 10.51 |
| 6 | Kuza Money Market Fund | 12.33 | 12.18 | 10.35 |
| 7 | Etica Money Market Fund | 12.03 | 12.01 | 10.21 |
| 8 | ArvoCap Money Market Fund | 10.94 | 11.78 | 10.01 |
| 9 | Gen Africa Money Market Fund | 11.51 | 11.47 | 9.75 |
| 10 | Jubilee Money Market Fund | 10.95 | 11.23 | 9.55 |
| 11 | Britam Money Market Fund | 11.21 | 11.12 | 9.45 |
| 12 | Old Mutual Money Market Fund | 11.04 | 11.07 | 9.41 |
| 13 | Enwealth Money Market Fund | 10.91 | 11.06 | 9.40 |
| 14 | Madison Money Market Fund | 11.08 | 10.93 | 9.29 |
| 15 | Faulu Money Market Fund | 10.24 | 10.32 | 8.77 |
| 16 | Sanlam Money Market Fund | 10.31 | 10.28 | 8.74 |
| 17 | Apollo Money Market Fund | 10.32 | 10.20 | 8.67 |
| 18 | Dry Associates MMF | 10.10 | 10.15 | 8.63 |
| 19 | KCB Money Market Fund | 9.83 | 9.83 | 8.36 |
| 20 | ICEA Money Market Fund | 9.40 | 9.40 | 7.99 |
| 21 | Co-op Money Market Fund | 9.28 | 9.28 | 7.89 |
| 22 | Mali Money Market Fund | 9.26 | 9.16 | 7.79 |
| 23 | Gencap Money Market Fund | 8.79 | 9.04 | 7.68 |
| 24 | CIC Money Market Fund | 8.75 | 8.75 | 7.44 |
| 25 | Mayfair Money Market Fund | 8.38 | 8.49 | 7.22 |
| 26 | Absa Money Market Fund | 8.60 | 8.47 | 7.20 |
| 27 | African Alliance MMF | 7.85 | 7.84 | 6.66 |
| 28 | CPF Money Market Fund | 7.48 | 6.94 | 5.90 |
| 29 | Zjili Money Market Fund | 6.96 | 6.87 | 5.84 |
| 30 | Stanbic Money Market Fund | 6.59 | 6.57 | 5.58 |
| 31 | Equity Money Market Fund | 5.08 | 5.12 | 4.35 |
| TOTAL | 312.79 | 314.04 | 266.93 | |
| AVERAGE MARKET RETURN | 10.43 | 10.47 | 8.90 | |
| 91-Day T-Bill Return | — | 8.1% | 6.9% | |
| 182-Day T-Bill Return | — | 8.4% | 7.1% | |
| 364-Day T-Bill Return | — | 9.7% | 8.3% | |
| Inflation Rate – July 2025 | — | 4.1% | 4.1% | |
| Central Bank Rate (CBR) – June 2025 | — | 9.75% | 9.75% |
Read Also: Top SACCOs Offering Highest Dividends and Interest Rates
Why This Table Matters
This comprehensive table tells a rich story about Kenya top MMFs:
- Top Performers: On 5 August, Cytonn (13.30 %) and Gulfcap (13.11 %) continued to lead, offering the highest yields before tax. Notably, Nabo showed strong improvement from 12.17 % to 13.02 %.
- Consistency: Gulfcap held steady. Several funds like Lofty-Corban, Etica, and Kuza also offered steady, competitive returns.
- After-Tax Reality: The average net return across funds stands at 8.9 %—ahead of savings accounts but still below the headline yields, thanks to the 15 % withholding tax.
- T-bill Comparison: Yields on T-bills remain lower—especially the 91-day (6.9 % net) and 182-day (7.1 % net)—making MMFs more appealing for investors seeking higher returns with liquidity and low risk.
- Inflation & Policy Rates: With inflation at 4.1 % and CBR at 9.75 %, MMFs offer inflation-beating returns and align with monetary policy.
Read Also: Kenya SACCO Deposit Insurance and Governance Reforms 2025
Human Approach: What An Investor Should Know
Hey friend, let’s break this down like we’re chatting over a cup of tea:
- Quick Access & Good Returns
Money market funds let you invest without locking up your cash, and most of these are delivering double-digit annualized yields before tax. That’s solid for low-risk investing. - Top Picks & Who’s Improving Fast
- Cytonn and Gulfcap are delivering strong, consistent yields—great for peace of mind.
- Nabo is catching up fast, with a jump in yield this week.
- Tax Cuts Down Net Returns
Don’t be swayed by gross numbers—after the 15 % tax, the average is 8.9 %. Still decent, but worth noting. - Better than T-bills?
Yep, MMFs are outperforming treasury bills in net terms, plus they’re more easily accessible without waiting for maturity. - Read the Trends
Weekly fluctuations (like Nabo’s gain) show active management at work. Track funds over time to spot the consistent performers. - Big Funds Aren’t Everything
Some smaller managers like Nabo or Lofty-Corban are competitive or even topping returns. Yield matters more than fund size for performance.
Read Also: Top Saccos Distribute Sh47 Billion in Dividends
Final Takeaway
Kenya’s MMFs remain a smart, liquid, and low-risk place to park your funds—especially if you’re looking for better returns than ordinary savings or short-term T-bills. This snapshot gives you a clear, current leaderboard of yield performance. Just remember to keep an eye on after-tax returns, trends over time, and how they stack up against other options like fixed income if you’re diversifying.
Invest wisely and always align choices with your goals—whether it’s growth, safety, or access.
