Afronomics ranking · month to date, 4 Nov 2026
Best money market fund in Kenya by yield, November 2026 (so far)
Kenya’s money market funds ranked by their average yield over November 2026, after withholding tax. Every figure is the one each fund manager publishes on its own website or fact sheet, read by Afronomics every weekday since 1 Nov 2026. The ranking updates daily until the month ends.
Leading this month
11.40%
Zimele Fixed Income Fund (Savings Plan)
after tax · 13.41% as published
Ranking
What KES 100,000 earns in a year at each fund’s November 2026 average
Average of the yields the manager published during the month; after-tax applies Kenya’s 15% withholding tax on interest for residents.
| # | Fund | Average yield | After tax | KES 100,000, one year | Over the month |
|---|---|---|---|---|---|
| 1 | Zimele Fixed Income Fund (Savings Plan)Zimele Asset ManagementYield unchanged at 13.41% since 01 Oct: the page may not be current | 13.41% | 11.40% | KES 11,399 | 13.41% → 13.41%, 4 readings |
| 2 | Madison Money Market FundMadison Investment ManagersYield unchanged at 10.46% since 26 Oct: the page may not be current | 10.46% | 8.89% | KES 8,891 | 10.46% → 10.46%, 4 readings |
| 3 | Kasha Money Market FundOrient Asset ManagersYield unchanged at 10.42% since 22 Oct: the page may not be current | 10.42% | 8.86% | KES 8,857 | 10.42% → 10.42%, 4 readings |
| 4 | Etica Money Market Fund (KES)Etica Capital | 10.13% | 8.61% | KES 8,611 | October 2026 average, from the manager’s monthly fact sheet |
| 5 | CIC Money Market FundCIC Asset ManagementYield unchanged at 8.43% since 06 Oct: the page may not be current | 8.43% | 7.17% | KES 7,166 | 8.43% → 8.43%, 3 readings |
A fund’s published yield is its recent return annualised, not a promise of what it will pay; fees may be taken before or after it depending on the fund. A yield far above the Treasury bill usually means the fund holds longer or riskier paper. Past yields are not a guide to future returns, and a ranking by one measure is not a rating or a recommendation. Check the fund’s own documents before you invest. This is information, not advice.
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Today’s yields, fund by fund, with daily history: money market fund yields. Funds against T-bills, SACCOs and banks: where your shilling earns most.
Other months: October 2026
Quick answers
Questions people ask
- Which money market fund paid the most in Kenya in November 2026?
- Of the 5 funds Afronomics reads, Zimele Fixed Income Fund (Savings Plan) has so far had the highest average yield in November 2026: 13.41% a year as published, about 11.40% after the 15% withholding tax, ahead of Madison Money Market Fund at 8.89% after tax. Past yields are not a promise of future returns.
- How much does KES 100,000 earn in a Kenyan money market fund?
- At Zimele Fixed Income Fund (Savings Plan)’s November 2026 average, about KES 11,399 in a year after tax, if the yield held for the whole year (it will not stay exactly the same). At the lowest-ranked fund here, CIC Money Market Fund, about KES 7,166.
- How is this ranking worked out?
- Afronomics reads each fund manager’s own published yield every weekday and averages the readings over the month. A fund that publishes only a monthly figure (in its fact sheet) is ranked on that figure and labelled. The ranking uses the effective annual yield as the manager publishes it, less Kenya’s 15% withholding tax on interest.
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