Investments
April 10, 2026
In March 2026, interest rates for Money Market Funds (MMF) continued to drop, occasioned by the continued decline of Treasury Bill rates, which are their primary investments for funds managing MMFs.
The net returns of MMFs dropped to 7.58% as compared to 7.62% in February 2026.
Nabo Africa Money Market Fund has the highest returns at 9.34%, followed by Cytonn Money Market Fund at 9.19%.
The other MMFs in the top 5 were Gulfcap Money Market Fund (9.10%), Arvocap Money Market Fund (8.82%) and Enwealth Money Market Fund (8.71%).
lso Read: Top 15 MMFs By Their Net Returns in February 2026
Also read: 5 Differences Between Special Funds and MMFs
Despite the majority of funds recording a decline in their interest rates, 10 MMFs registered improved returns in March 2026 compared to February 2026.
Nabo Africa Money Market Fund rose from 9.26% to 9.34%, while Jubilee Money Market Fund increased from 8.38% to 8.45%. Old Mutual Money Market Fund inched up slightly from 8.21% to 8.22%, and Madison Money Market Fund grew from 8.09% to 8.22%.
Faulu Money Market Fund recorded the most notable jump, rising from 7.62% to 8.17%, while Orient Kasha Money Market Fund increased from 8.01% to 8.06%. Sanlam Money Market Fund also saw a slight rise from 7.60% to 7.65%.
Meanwhile, CPF Money Market Fund climbed from 6.73% to 6.85%, ICEA Lion Money Market Fund rose from 6.68% to 6.79%, and Co-op Money Market Fund edged up from 6.72% to 6.78%.
Also Read: Money Market Funds in Kenya: Features and Key Considerations
Currently, over three million Kenyans have invested in Collective Investment Schemes (CISs). According to the Capital Markets Authority (CMA), Assets Under Management (AUM) climbed sharply to Ksh756.2 billion in December 2025.
Money Market Funds still dominate the market with Ksh423.6 billion, representing 56% of total assets.
The Sanlam Unit Trust Scheme remained the largest, with Ksh144.3 billion in AUM, followed by Standard Investment Trust Fund (Ksh125.3 billion) and CIC Unit Trust Scheme (Ksh102 billion).
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