Best Performing MMFs and Their Returns in November 2025

In November 2025, net returns for Money Market Funds (MMFs) continued to decline, with the average net returns dropping to 7.86% from 8.06%, which was recorded in October 2025.

The drop in returns has been attributed to several market factors, including the continued decline of interest rates for Treasury Bills, which are the primary investment platforms for fund managers.

In November 2025, investors in the Cytonn Money Market Fund got the highest returns, with the annual net return being recorded at 9.68%.

This was followed by Etica Money Market Fund (9.48%) and Nabo Africa Money Market Fund (9.36%)

Conversely, the African Alliance Kenya Money Market Fund and Equity Money Market Fund had the lowest returns at 5.49% and 4.04%.

Also Read: List of All Money Market Funds (MMFs) in Kenya & Their Market Share

Here are the 28 MMFs and Their Net Returns for November 2025

1. Cytonn Money Market Fund – 9.68%
2. Etica Money Market Fund – 9.48%
3. Nabo Africa Money Market Fund – 9.36%
4. Lofty-Corban Money Market Fund – 9.17%
5. Enwealth Money Market Fund – 8.99%
6. Gulfcap Money Market Fund – 8.85%
7. Kuza Money Market Fund (KES) – 8.85%
8. Orient Kasha Money Market Fund – 8.79%
9. Old Mutual Money Market Fund – 8.69%
10. Britam Money Market Fund – 8.50%
11. Jubilee Money Market Fund – 8.48%
12. Arvocap Money Market Fund – 8.44%
13. Faulu Money Market Fund – 8.18%
14. Madison Money Market Fund – 8.12%
15. GenAfrica Money Market Fund – 7.99%
16. Dry Associates Money Market Fund – 7.96%
17. Apollo Money Market Fund – 7.63%
18. KCB Money Market Fund – 7.63%
19. Sanlam Money Market Fund – 7.60%
20. CPF Money Market Fund – 7.31%
21. ICEA Lion Money Market Fund – 7.05%
22. CIC Money Market Fund – 6.99%
23. Genghis Money Market Fund – 6.82%
24. Co-op Money Market Fund – 6.82%
25. Mayfair Money Market Fund – 6.73%
26. Absa Shilling Fund Money Market Fund – 6.44%
27. African Alliance Kenya Money Market Fund – 5.49%
28. Equity Money Market Fund – 4.04%

Also Read: Mansa X: All You Need to Know About the Special Fund Offering 24% Returns

In the latest data released by the Capital Markets Authority (CMA), investors had put Ksh400 billion in MMFs by September 2025.

MMFs still dominate Collective Investment Schemes (CIS) with a market share of 58.9%.

“The Money Market Fund is preferred by investors because it’s a low-risk investment channel. Special Funds come second at Ksh 137.8 billion, representing 20.3 %, closely followed by Fixed Income Funds at Ksh136.8 billion, representing 20.1 %,” read the report in part.

“Special Funds are also becoming popular due to fewer restrictions. Equity and Balanced funds trail at 0.5% and 0.2% respectively.”

Also Read: Top 15 Money Market Funds in Kenya by Net Returns [May 2025]

Below are the Returns for Dollar MMFs

1. Etica Money Market Fund (USD) – 0.11%
2. Kuza Money Market Fund (USD) – 4.75%
3. Nabo Africa Money Market Fund (USD) – 4.67%
4. Jubilee Money Market Fund (USD) – 4.44%
5. Lofty-Corban Money Market Fund (USD) – 4.40%
6. Dry Associates Money Market Fund (USD) – 4.38%
7. KCB Money Market Fund (USD) – 4.33%
8. Old Mutual Money Market Fund (USD) – 4.27%
9. Sanlam Money Market Fund (USD) – 4.21%
10. CIC Money Market Fund (USD) – 4.05%
11. Absa Dollar Fund Money Market Fund – 3.64%

Also Read: Money Market Funds in Kenya: Features and Key Considerations