Money Market Fund Yields As Published On 28 March 2023
A money market fund as your Emergency Fund where you should invest a minimum of 6 months to 12 months of your living expenses.
MARKET CAP TRAINERS
MONEY MARKET FUND YIELDS AS PUBLISHED ON 28 MARCH 2023
|Rank||Fund Manager||Effective Annual Rate%|
|1||Cytonn Money Market Fund||11.03|
|2||Jubilee Money Market Fund||10.75|
|3||Apollo Money Market Fund||10.63|
|4||Madison Money Market Fund||10.58|
|5||Dry Associates Money Market Fund||10.47|
|6||Zimele Money Market Fund||10.24|
|7||Kuza Money Market Fund||10.22|
|8||Old Mutual Money Market Fund||10.10|
|9||Nabo Africa Money Market Fund||9.98|
|10||Sanlam Pesa Money Market Fund||9.80|
|11||KCB Money Market Fund||9.79|
|12||Co-op Money Market Fund||9.69|
|13||GenCap Hela Imara Money Market Fund||9.68|
|14||African Alliance Kenya Shillings Fund||9.61|
|15||CIC Money Market Fund||9.33|
|16||British-American Money Market Fund||9.17|
|17||GenAfrica Money Market Fund||9.17|
|18||ICEA Lion Money Market Fund||9.02|
|19||Orient Kasha Money Market Fund||8.92|
|20||Absa Shilling Money Market Fund||8.44|
|21||Equity Money Market Fund||6.64|
|Source: Daily Nation and Market Cap Trainers|
- Past performance does not guarantee future investment performance.
- Currently, money market funds average effective annual yield is 9.68%. Top 13 money market funds have an effective annual return at least 9.68%. No money market fund has a return above the return of a 364-day Treasury bill return currently 10.787%. The inflation rate stands at 9.23%.
- A money market fund as your Emergency Fund where you should invest a minimum of 6 months to 12 months of your living expenses. This will provide much needed relief in case of sickness and job loss among others.