Top 25 Money Market Funds In Kenya
If you are looking for an investment option that can give you good interest on your initial capital, then Money market Funds should be the top option on your list. Some of the best Money Market Funds in Kenya offer yields of between 14% p.a to 18% p.a.
A money market fund mainly invests in short-term debt securities with high credit quality such as treasury bills and commercial paper. This fund is ideal for the conservative low-risk investor who leans towards stability and security for capital invested. Interest is calculated on a daily basis, and credited to the client’s account net of costs.
Money Market Funds(MMF) seeks to maximize current income by investing primarily in a diversified portfolio of short term debt securities and instruments whilst aiming to preserve capital and maintain a high degree of liquidity.
Top 25 Money Market Funds In Kenya
1. Etica Capital Limited 17.41% p.a
2. Lofty-Corban Investments Limited 17. 37% p.a
3. Nabo Capital Limited 16.62% p.a
4. Cytonn Asset Managers Limited 16.34% p.a
5. Apollo Asset Management Company Limited 15.75% p.a
6.Kuza Asset Management Limited 15.70% p.a
7. GenAfrica Asset Managers Limited 15.56% p.a
8. Madison Investment Managers Limited 15.18% p.a
9. Jubilee Financial Services Limited 14.99% p.a
10. Co-op Trust Investment Services Limited 14.69% p.a
11. GenAfrica Asset Managers Limited 14.65% p.a
12. African Alliance Kenya Asset Management Limited 16.64%
13. Enwealth Money Market Fund 14.55% p.a
14. ABSA Asset Management Limited 14.54% p.a
15. Sanlam Investments East Africa Limited 14. 25% p.a
16. Mali Money Market Fund 14.24% p.a
17. Mayfair Asset Managers Limited 14.06% p.a
18. KCB Asset Management Limited 13.75% p.a
19. Old Mutual Investment Group 13.29% p.a
20. Dry Associates Money Market Fund 13.27% p.a
21. Orient Asset Managers Limited 13.00% p.a
22. CIC Asset Managers Limited 12.47% p.a
23. ICEA Asset Lion Asset Management Limited 12. 31% p.a
24. Equity Money Market Fund 11.50%p.a
25. Britam Asset Managers (Kenya) Limited 10.05% p.a
Read>>>List Of Licensed Fund Managers in Kenya By Capital Markets Authority
