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Top Money Market Funds in Kenya Reviewed. The best money market funds in Kenya are as follows: 1. Etica Money Market Fund The Etica Money Market Fund is a product of Etica Capital. Since its founding in 2021, the Money Market Fund has registered some impressive stats, and its curve has been ascending.
- Cytonn Money Market Fund. The Cytonn Money Market Fund is renowned for its high yield and accessibility. It offers a competitive edge with an effective annual rate of 10.8%.
- Apollo Money Market Fund. Managed by APA Insurance, the Apollo Money Market Fund focuses on diversifying risk by investing in a variety of options like treasury bills, corporate notes, and deposits.
- GenCap Hela Imara Money Market Fund. This fund stands out for its strategic investment in a diversified portfolio, aiming to maximize returns while maintaining liquidity.
- Zimele Money Market Fund. Zimele offers an accessible entry point with a minimum deposit requirement of Ksh 100 and the convenience of M-Pesa for transactions.
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Jan 5, 2024 · Choosing a Money Market Fund in Kenya Crucial Considerations for Investors. 1. Past Performance: Investors should closely scrutinize the average returns of MMFs, which are conveniently published in local newspapers by CMA requirements. This information aids in tracking daily returns, providing valuable insights for informed investment decisions. 2.
- CIC Asset Management Ltd
- Low
- Jun-11
- Kenya Commercial Bank
- Britam Money Market Fund. The Britam Money Market Fund is designed to help you achieve short-term financial goals while keeping risk low. With an annual interest rate of 8-10%, this fund allows you to steadily grow your savings while focusing on easy access to your money and protecting your initial investment.
- Absa Money Market Fund. Absa Bank’s Money Market Fund stands out with its attractive effective annual yield ranging from 9.63% to 9.91%. This offers you the chance to secure competitive returns with a reasonable minimum deposit of only KSh 1,000.
- Madison Money Market Fund. If you’re looking for a stable investment opportunity in Kenya, Madison’s Money Market Fund could be a compelling choice for you.
- Sanlam Money Market Fund. Like most of the options we have already looked at, the Sanlam Money Market fund comes with a decent effective annual yield of 9.53%.
However, since KCB money market fund (KCB MMF) is likely to face some competition from other money market funds in Kenya, it may be wise to understand it first to make a better decision. This review will help you do just that.
- Money Market Fund
- Collective Investment Scheme
- KCB Money Market Fund
- Capital Markets Authority
Sep 1, 2023 · Money market funds in Kenya are known for their accessibility and affordability. They typically have low minimum investment requirements, making them suitable for a wide range of investors, including those with limited resources.
Jul 28, 2023 · To invest in money market funds in Kenya, follow these steps: Select a Reputable Fund Manager. Research and choose a fund manager with a proven track record of managing money market funds. Open an Investment Account. Contact the fund manager you chose to open an investment account. Understand Fees and Expenses.
