Investors are slowly shifting from Money Market Funds to Fixed Income Funds.
Why?
As MMF returns continue to decline, many are now looking for alternatives that can make their money work harder — without taking excessive risk.
One of the strongest options emerging is Fixed Income Funds.
A Fixed Income Fund (FIF) is an investment fund that mainly invests your money in interest-earning securities designed to generate steady and predictable income while protecting capital.
Think of it as the middle ground between a Money Market Fund and high-risk investments.
Where Fixed Income Funds Invest
- Government Bonds & Treasury Bonds
- Corporate Bonds
- Treasury Bills (Sometimes)
- Commercial Papers & Fixed Deposits
What This Means for You
- Higher potential returns than Money Market Funds
- Ideal for medium- to long-term investing (2–5+ years)
- Income comes from interest payments + capital appreciation
- A strong alternative to investing directly in government or corporate bonds
Fixed Income Funds Market Snapshot — As at 31st December 2025
Fixed Income Funds accounted for 21.7% of the Collective Investment Schemes (CIS) market,
With Assets Under Management (AUM) of Ksh 164,392,093,137 out of the total Ksh 756.2 Billion.
Among the funds:
- NCBA Fixed Income Fund dominated with 24.3% market share
- Followed by Sanlam Fixed Income USD Fund at 18.2%
Top 10 Fixed Income Funds in Kenya (By AUM)
- NCBA Fixed Income Fund → 39,923,549,506 (24.30%)
- Sanlam Fixed Income USD Fund → 29,920,261,355 (18.20%)
- Britam Bond Plus Fund → 29,531,627,114 (18.00%)
- CIC Fixed Income Fund → 18,152,925,845 (11.00%)
- NCBA Dollar Investment Fund → 6,689,360,455 (4.10%)
- Jubilee Fixed Income Fund KES → 6,092,917,596 (3.70%)
- Nabo KES Fixed Income Fund → 4,114,668,175 (2.50%)
- Zimele Fixed Income Fund → 3,957,563,756 (2.40%)
- Arvocap Almasi Fixed Income Accumulation Fund → 3,713,934,246 (2.30%)
- Mayfair Fixed Income Fund → 3,257,644,999 (2.00%)
- Etica Fixed Income Fund → 3,013,116,452 (1.80%)
A Fund Quietly Redefining the Fixed Income Landscape
One fund that deserves special attention is the Arvocap Asset Managers Almasi Fixed Income Accumulation Fund.
Its AUM grew from Ksh 212,752,019 in September 2025 to Ksh 3,713,934,246 by December 2025.
That is a 1,646% growth in just 3 months.
As at 28th February 2026, the fund recorded an average return of 22.10% over the last 12 months.
While many funds are delivering returns below 15%, the Almasi strategy continues to stand out by offering solid returns while safeguarding capital.
This is a fund worth considering as part of your investment portfolio.
WhatsApp me “ALMASI” and I will guide you through the entire process.
Alex Mwangi | The Cent Warrior | WhatsApp 0703 472 299
