Top Money Market Funds in Kenya by Net Returns [October 2025]

Net returns for Money Market Funds (MMFs) continued to decline in October 2025, with the average net returns dropping to 8.06% from 8.2%, which was recorded in September 2025.

Even as these low-risk investment vehicles become more attractive to Kenyans, 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 MMF fund managers.

In October, investors in the Cytonn Money Market Fund got the highest returns, with the annual net return being recorded at 10.08%.

The second MMF that led in returns was Nabo Africa Money Market Fund with a net return of 9.86% followed by Etica Money Market Fund, which had a net return of 9.70%

Other MMFS that had their net returns above 9% were the Gulfcap Money Market Fund at 9.66% and the Lofty-Corban Money Market Fund at 9.48%.

Also read: Top 15 Money Market Funds by Their Net Returns for September 2025

Here is a list of 28 MMFS and their Net Returns in October 

1. Cytonn Money Market Fund - 10.08%
2. Nabo Africa Money Market Fund - 9.86%
3. Etica Money Market Fund - 9.70%
4. Gulfcap Money Market Fund - 9.66%
5. Lofty-Corban Money Market Fund - 9.48%
6. Enwealth Money Market Fund - 8.97%
7. Kuza Money Market Fund (KES) - 8.96%
8. Orient Kasha Money Market Fund - 8.77%
9. Jubilee Money Market Fund - 8.72%
10. Britam Money Market Fund  - 8.67%
11. Old Mutual Money Market Fund  - 8.65%
12. Arvocap Money Market Fund - 8.62%
13. GenAfrica Money Market Fund - 8.62%
14. Madison Money Market Fund - 8.35%
15. Apollo Money Market Fund - 8.11%
16. Dry Associates Money Market Fund - 8.05%
17. Faulu Money Market Fund - 8.05%
18. Sanlam Money Market Fund - 7.63%
19. KCB Money Market Fund - 7.45%
20. CPF Money  Market Fund - 7.44%
21. Co-op Money Market Fund - 7.12%
22. ICEA Lion Money Market Fund - 7.10%
23. CIC Money Market Fund - 6.99%
24. Genghis Money Market Fund - 6.89%
25. Mayfair Money Market Fund -  6.87%
26. Absa Shilling Fund MMF - 6.57%
27. African Alliance Kenya Money Market Fund  - 6.00%
28. Equity Money Market Fund - 4.19%

Also read: Money Markets Funds in Kenya: Features and Key Considerations

Top 12 Dollar Money Market Funds in September 2025

In October 2025, the average net return for dollar MMFs was 4.25% and did not change from the returns reported in September 2025.

1. Kuza Money Market Fund USD - 4.89%
2. Etica MMF USD - 4.62%
3. Old Mutual Money Market Fund USD - 4.38%
4. Sanlam Money Market Fund USD - 4.34%
5. Dry Associates Money Market Fund USD - 4.31%
6. Jubilee MMF USD - 4.31%
7. KCB Money Market Fund USD - 4.27%
8. Lofty-Corban Money Market Fund USD - 4.25%
9. Nabo Africa Money Market Fund USD - 4.25%
10. CIC Money Market Fund USD - 4.05%
11. Britam Money Market Fund - 4.02%
12. Absa Dollar Fund MMF - 3.35%

According to data from the Capital Markets Authority (CMA), Kenyans have invested nearly Ksh372 billion in MMFs across the country, which is a 62.5% share of Collective Investment Schemes (CIS) in Kenya.

In a report released in June, Kenyans had placed a total of Ksh596.3 billion in different schemes, including MMFs, special funds, fixed income funds, equity funds, and balanced funds.

Also read: All About the Cytonn Money Market Fund