Best money market funds in Kenya, March 2024

Average rate each fund paid · 10 KES money market funds

March 2024 · average
17.41%
Etica Money Market Fund led the month, ahead of Lofty Corban (17.32%) and Cytonn (16.93%)
Median15.72%
vs February+1.99 pts
Money market fundsUSD money market fundsFixed income fundsSpecial funds

The median rate, month by month

Nov 25Jan 26Mar 26May 26Jul 26Sep 26Oct 26
#FundAverageNet (15% WHT)vs Feb
1Etica Money Market FundEtica Unit Trust Fund17.41%14.80%
2Lofty Corban Money Market Fund KESLofty Corban Unit Trust Scheme17.32%14.72%
3Cytonn Money Market FundCytonn UnitTrust Fund16.93%14.39%
4Nabo Africa Money Market FundNabo Capital16.62%14.13%
5Apollo Money Market FundApollo Unit Trust Scheme15.75%13.39%
6Kuza Money Market Fund KESKuza Unit Trust Scheme15.70%13.34%
7GenAfrica Money Market FundGenAfrica Unit Trust Scheme15.56%13.23%
8Madison Money Market FundMadison Unit Trust Funds15.18%12.90%
9Jubilee Money Market Fund KESJubilee Unit Trust Scheme14.99%12.74%+1.26
10Co-op Money Market FundCoop Unit Trust Scheme14.69%12.49%

Questions people ask

Which money market fund paid the most in March 2024?
Etica Money Market Fund, averaging 17.41% gross across the month, ahead of Lofty Corban Money Market Fund KES (17.32%) and Cytonn Money Market Fund (16.93%).
Did rates rise or fall in March 2024?
The median money market fund averaged 15.72%, up 1.99 points from February.
How is the monthly average worked out?
Every day of the month counts, using the rate each fund had published on that day. Weekends carry Friday's rate.

Other months

April 2024February 2024January 2024December 2023All of 2024

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