If you are looking to improve your personal finance portfolio, then money market funds (MMF) is one great source that you can employ to grow your wealth.
The reason as to why many people opt for MMFs is because of its low-risk profile compared to other forms of investments such as stocks and bonds.
This article provides information on the best money market funds in Kenya.
No 1. Cytonn Money Market Fund (CMMF) is one of the best MMF in Kenya. It is a product from the Cytonn Asset Managers Limited (CAML). Although it does not provide the best daily interest returns compared to its competitors such as Etica MMF and Lofty-Corban MMF, it is the oldest thus making it more credible and trust worthy. There daily interest rate is currently 15.67%.
No.2 Etica Money Market Fund. Etica MMF is the fastest growing money market fund in Kenya today. It provides the highest daily interest returns standing at 16.40%.
No. 3 Lofty-Corban Money Market Fund. Lofty-Corban MMF comes in at number three as one of the leading money market funds in Kenya. There current daily interest is 16.39%.
No. 4 Mali Money Market Fund. If you are wondering what a money market fund is and how it operates, Mali MMF is the closest and easy accessible mutual fund product you can access. Mali, a product from safaricom financial services can be found on your Mpesa app. It comes in at number 4 as one of the best money market funds because its easily accessible on your phone and withdrawals are instant. Currently, their daily interest rate stands at 15.36%.
Jubilee Money Market Fund
KCB Money Market Fund
Enwealth Money Market Fund
Apollo Money Market Fund
GenAfrica Money Market Fund
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