Top 15 Money Market Funds by Their Net Returns for August 2025

Net returns for Money Market Funds (MMFs) continued to decline in August following the drop in interest rates for Treasury Bills, which is one of the major investment vehicles for MMFs.

Gulfcap Money Market Fund had the highest net return at 10.96% for the month, a decline from the July net return of 10.97%.

Coming in second was Cytonn Money Market Fund at 10.58%, also a decline from 10.69% which was recorded July.

Nabo Africa MMF was one of the unique funds that saw a growth in net returns from investors. In August, the net return was 10.47%, an increase from 9.55% which was reported in July.

Lofty-Corban MMF has a net return of 10.10% while Orient Kasha MMF had a net return of 9.85% in August.

Here is the list of the major Money Market Funds and their net returns for August 2025.

1. Gulfcap Money Market Fund  -  10.96%
2. Cytonn Money Market Fund  –  10.58%
3. Nabo Africa Money Market Fund  – 10.47%
4. Lofty-Corban Money Market Fund  – 10.10%
5. Orient Kasha Money Market Fund –  9.85%
6. Etica Money Market Fund - 9.73%
7. Kuza Money Market Fund (KES) - 9.67%
8. Arvocap Money Market Fund - 9.51%
9. GenAfrica Money Market Fund - 9.03%
10. Enwealth Money Market Fund - 9.01%
11. Old Mutual Money Market Fund  - 8.93%
12. Jubilee Money Market Fund - 8.89%
13. Britam Money Market Fund  - 8.81%
14. Madison Money Market Fund - 8.80%
15. Faulu Money Market Fund - 8.30%
16. Dry Associates Money Market Fund - 8.28%
17. Apollo Money Market Fund - 8.22%
18. Sanlam Money Market Fund - 8.06%
19. KCB Money Market Fund - 7.91%
20. ICEA Lion Money Market Fund - 7.55%
21. Co-op Money Market Fund - 7.49%
22. Genghis Money Market Fund - 7.24%
23. Absa Shilling Fund MMF - 7.19%
24. Mayfair Money Market Fund - 6.93%
25. CIC Money Market Fund - 6.84%
26. African Alliance Kenya Money Market Fund - 6.36%
27. CPF Money Market fund - 5.94%
28. Equity Money Market Fund - 4.24%

Here is how the dollar MMFs performed in terms of August 2025 net returns

1. Kuza Money Market Fund USD - 5.01%
2. Etica MMF USD - 4.98%
3. Nabo Africa Money Market Fund USD - 4.85%
4. Sanlam Money Market Fund USD - 4.61%
5. Lofty-Corban Money Market Fund USD - 4.35%
6. Jubilee MMF USD - 4.34%
7. Dry Associates Money Market Fund USD - 4.28%
8. KCB Money Market Fund USD - 4.27%
9. Old Mutual Money Market Fund USD - 4.21%
10. CIC Money Market Fund USD - 3.92%
11. Absa Dollar Fund MMF - 3.37%

MMFs have become popular investment vehicles for Kenyans. Data by the Capital Markets Authority (CMA) shows that Kenyans have put close to Ksh372 billion across various MMFs in the country.

Overall, as of June 2025, Kenyans had put Ksh596.3 billion in MMFs,  special funds, fixed income funds, equity funds, and balanced funds.

However, MMF still leads in investments, with a market share of 62.5%.