Only 2 Money Market Funds crossed the 10% net return threshold.
Special mention goes to:
- Cytonn Money Market Fund – 10.28%
- Nabo Money Market Fund – 10.17%
The rest of the top performers were not far behind:
- Etica Money Market Fund – 9.76%
- ArvoCap Money Market Fund – 9.31%
- Enwealth Money Market Fund – 9.08%
- Lofty Corban MMF – 9.06%
- Faulu Money Market Fund – 8.87%
- Kuza Money Market Fund – 8.87%
- Orient Money Market Fund – 8.73%
- Madison Money Market Fund – 8.67%
Key Insights:
The average return across the 30 MMFs analyzed now stands at 7.78% after tax.
Top 3 Movers This Month:
African Alliance MMF improved from 4.65% to 6.28% (+1.63%)
Mayfair Money Market Fund declined from 8.52% to 7.05% (-1.47%)
Madison Money Market Fund declined from 10.98% to 10.20% (-0.78%)
Now, here is where it gets interesting…
Macroeconomic Shift in May:
Inflation Rate remained at 5.6%
Treasury Bill rates also continued rising:
91-Day T-Bill: 8.0% → 8.3%
182-Day T-Bill: 8.2% → 8.2% (No Change)
364-Day T-Bill: 8.5% → 8.6%
Central Bank Rate (CBR) remained unchanged at 8.75%
What This Means for Investors
We are likely entering a higher interest rate environment.
And historically, when Treasury Bill yields rise, Money Market Fund returns tend to gradually adjust upwards over time.
This is why blindly choosing any MMF is a mistake.
If you are building your:
Emergency Fund
Sinking Fund
Short-Term Investment Pool
Then the quality of your MMF manager matters.
Because the difference between earning 7% and 10% annually compounds massively over time.
A weak MMF quietly destroys your purchasing power.
A strong MMF helps you preserve and steadily grow your liquidity.
Choose Your MMF Wisely
WhatsApp me “BEST MMF” on 0703472299 and I will share my top recommendations.
Now tell me…
Which MMF are you currently using?
Alex Mwangi | The Cent Warrior | WhatsApp 0703472299
Below is the Money Market Funds Performance Report as at 15th May 2026
