All You Need to Know About the Jubilee Money Market Fund

If you've ever tried to save consistently only to get discouraged by low returns, limited access to your funds, or worse—losses from risky investments—you’re not alone. Many Kenyans face the same frustrations:

• Your savings barely grow, especially with inflation eating into your returns.
  
  
• Your cash is locked away, and when you need it urgently, it's unavailable.
  
  
• You’ve tried higher-return options, only to lose money to volatility or unreliable schemes.

However, in recent years, Money Market Funds (MMFs) have become an increasingly popular option for Kenyans looking to accelerate their savings and investment goals. They offer a practical way to earn higher returns than traditional savings accounts, maintain easy access to your money, and avoid the risks associated with more volatile investments.

In this article, we take a closer look at how MMFs work, using the Jubilee Money Market Fund which is available in Kenya Shillings and US Dollars, as a real-world example to show how MMFs can support your savings goals.

Overview of the Jubilee Money Market Fund

The Jubilee Money Market Fund is one of the best Money Market Funds in Kenya  and is managed by Jubilee Asset Management Limited (JAML), a subsidiary of Jubilee Insurance.

The Jubilee Money Market Fund is tailored for investors seeking a low-risk investment that offers competitive returns. 

Investors have two options: they can stake their money in a Ksh account or a USD account. The USD account services investors seeking stable and predictable US Dollar-denominated returns and invests in secure USD-denominated short-term fixed and floating rate debt securities issued by sovereigns and corporates in Kenya or offshore.

The Jubilee Investment Strategy

The Jubilee Money Market Fund employs a disciplined investment strategy, focusing on a diversified portfolio of high-quality and liquid investment instruments.

These include:

• Treasury Bills and Bonds: Government-issued securities that provide low risk and stable returns.
• Commercial Paper: Short-term debt issued by reputable corporations with strong credit ratings.
• Corporate Bonds: High-quality debt securities from established companies.
• Fixed and Call Deposits: Bank deposits offering fixed interest rates or withdrawable on demand.

Through this strategy, the fund reduces risk by diversifying, ensuring your capital is protected while pursuing competitive returns.

Real-Life Case Study

The Jubilee Money Market Fund (KES) has consistently delivered some of the most competitive returns among passive income options in Kenya. From 1st January to 31st March 2025, the fund delivered an average return of 12.26%, compared to the 8.88% average bank deposit rate.

(Note: The interest rate fluctuates on a daily or monthly basis.)

You cannot talk about the Jubilee Money Market Fund without discussing the power of compound interest. This is where your interest also earns interest. 

Let’s use the example of Makena for illustration. Makena is a 30-year-old who dreams of buying her first piece of land before turning 35. She has so far saved KES 120,000 which she keeps in her current account but decides to move the amount to the Jubilee Money Market Fund (KES). She then follows up with a consistent top up of Ksh10,000 every month. 

Assuming an average annual return of 12.26%, compounded monthly (purely hypothetical, as rates may vary over time) Makena’s savings would grow to around Ksh1.051 million by the end of the 5 years.

By comparison, if she saved the same amount in her current account, she would have Ksh800,000 at the end of five years - meaning she makes an extra over Ksh250,000 without lifting a finger.

This example shows a disciplined saving habit—combined with the power of compounding—can bring you significantly closer to your long-term financial goals.

Why the Jubilee Money Market Fund Stands Out

The Jubilee Money Market Fund offers a reliable way to grow your money with low risk, high flexibility, and competitive returns. Here's what sets it apart:

1. Strong Returns with Low Risk

You earn daily interest, compounded monthly, at rates that typically outperform fixed deposits and savings accounts. This ensures your money grows steadily without exposing you to high risk.

2. Quick Access to Your Money

You can withdraw your funds whenever you need it without any penalties as the fund has no lock-in period. Whether you're saving for emergencies, school fees, a major purchase, or other short-term goals, the fund gives you the flexibility you need.

3. Diversified Portfolio

Your investment is spread across treasury bills, bonds, fixed deposits in top-tier banks, and secured commercial paper. This diversification helps protect your returns even when one investment vehicle is affected by market forces. 

4. Regulated, Reputable Fund Manager

The Jubilee Money Market Fund is managed by Jubilee Asset Management which is licensed as a fund manager by Capital Markets Authority (CMA). The Jubilee brand has been in existence for over 87 years which gives you comfort that your savings are being managed by a trusted institutional investor. 

5. Customer Service

You receive detailed monthly statements by the 5th of each month, making it easy to track your investment’s performance.

Start Your Journey to Financial Freedom Today

Getting started with the Jubilee Money Market Fund (MMF) is fast, easy, and fully online.

You can begin investing with as little as Ksh5,000, with a minimum top-up of Ksh1,000—making it accessible whether you're just starting out or looking to grow your savings consistently.

The registration process is straightforward and only takes a few minutes. All you need is your basic KYC information, and you’re ready to go.

You can complete everything online through the Jubilee Money Market Fund portal here.

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