In Kenya’s rapidly expanding investment market, many people are seeking safe and flexible ways to grow their money without exposure to high risk. The XENO Kenya Money Market Fund (XKMMF), managed by MYXENO Investment Management Limited, is one of the most accessible and digitally advanced options for both new and seasoned investors.
Launched in April 2024, this fund focuses on delivering steady income, capital preservation, and liquidity — a balance ideal for anyone looking to earn consistent returns while keeping their funds accessible.
Understanding the XENO Kenya Money Market Fund
The XENO Kenya Money Market Fund is an actively managed collective investment scheme that pools money from investors and allocates it across short-term, low-risk securities such as Treasury Bills, call deposits, and commercial paper.
These investments are carefully selected to protect your principal and provide daily income accrual.
Fund Structure
The fund invests in instruments with maturities of less than 12 months, as stipulated by the Capital Markets (Collective Investment Schemes) Regulations.
This structure ensures stability while allowing daily liquidity, so investors can withdraw funds whenever needed.
Investment Philosophy
XENO’s philosophy is built on three core pillars — capital safety, consistent yield, and convenience. By maintaining a bias toward short-term government securities, the fund minimizes risk while offering competitive returns.
Its digital-first approach enables investors to access, track, and withdraw their money directly through the online platform.
Investment Objective and Strategy
The goal of the XENO MMF is to offer investors a higher level of current income than traditional savings accounts or short-term deposits, without compromising on liquidity or safety.
Objective
According to the August 2025 factsheet:
“The fund aims to provide investors with a high level of current income than they would otherwise get on money market instruments of similar duration whilst providing liquidity.”
This means investors can enjoy daily interest accrual, compounded monthly, with no lock-in period.
Strategy
The fund managers, Aéko Ongodia, CFA, and John Muhumuza Kamara, CFA, actively monitor interest rate movements and credit quality to ensure that the portfolio remains optimally positioned.
By rebalancing frequently, the fund maximizes yield opportunities while mitigating market risks.
Key Facts and Performance Highlights (as of August 31, 2025)
| Parameter | Details |
| Fund Name | XENO Kenya Money Market Fund (XKMMF) |
| Fund Manager | MYXENO Investment Management Limited |
| Launch Date | 11 April 2024 |
| Domicile | Kenya |
| Currency | Kenyan Shilling (KES) |
| Fund Size (AUM) | Ksh 4.41 million |
| Gross Yield (Before Fees) | 9.63% |
| Effective Annualized Yield (Aug 2025) | 13.78% |
| Annualized Return Since Inception | 11.62% |
| Year-to-Date Return (2025) | 10.02% |
| Minimum Initial Investment | Ksh 500 |
| Minimum Top-Up | Ksh 500 |
| Minimum Withdrawal Balance | Ksh 500 |
| Annual Management Fee | 1.50% p.a. |
| Initial Fee | 0% |
| Trustee & Custodian | NCBA Bank Kenya |
| Auditor | Kirenge & Associates CPAK |
Performance Overview
The XENO MMF has posted impressive growth since launch. An investor who placed Ksh 100,000 at inception in April 2024 would have grown their investment to Ksh 112,290 by August 2025.
This reflects a 12.29% cumulative gain, underscoring the fund’s ability to deliver solid short-term returns while preserving capital.
Return Summary
| Period | Return (%) | Remarks |
| Since Inception | 11.62 | Stable and consistent growth |
| Annualized (Aug 2025) | 13.78 | Competitive with leading MMFs |
| Year-to-Date (2025) | 10.02 | Reflects steady market performance |
Portfolio Composition
The XENO MMF portfolio emphasizes low-risk assets to maintain consistent yield and liquidity. As of August 2025, the fund’s holdings were predominantly in short-term government securities.
| Asset Class | Portfolio Allocation (%) |
| Treasury Bills | 92.43 |
| Call Deposits | 7.21 |
| Cash & Equivalents | 0.36 |
| Fixed Deposits | 0.00 |
| Total | 100.00 |
Portfolio Strategy
By holding over 92% in Treasury Bills, the fund aligns itself with Kenya’s most secure fixed-income instruments. This approach cushions investors from volatility, ensuring predictable interest income while maintaining liquidity through call deposits.
Fees and Accessibility
XENO MMF stands out for its transparent pricing and low minimum investment requirements.
Fee Structure
- Annual Management Fee: 1.5%
- Initial Fee: None
- Hidden Fees: None
This fee structure is among the lowest in the market, ensuring that investors retain most of their earnings. The fund’s digital nature also means lower administrative costs and more efficient management.
Accessibility
Investors can start with just Ksh 500 — both as the initial deposit and subsequent top-ups. This inclusivity positions XENO as one of the most accessible money market funds in Kenya, suitable for students, salaried professionals, and small business owners alike.
How XENO Compares with Other Kenyan Money Market Funds (2025)
Money Market Funds continue to dominate the Kenyan investment landscape, representing over 62% of the Ksh 596 billion total CIS assets as of June 2025. While XENO is one of the newer entrants, it has already proven competitive in yield and user experience.
| Fund Manager | Effective Annual Yield (2025) | Minimum Investment (KES) | Management Fee | Fund Size (AUM) | Remarks |
| Sanlam MMF | 14.20% | 2,500 | 2.00% | 92.7B | Market leader, consistent returns |
| CIC MMF | 13.40% | 5,000 | 2.00% | 87.8B | Strong liquidity, large investor base |
| Etica MMF | 13.20% | 500 | 2.00% | 10.5B | Affordable entry, high transparency |
| XENO MMF | 13.78% | 500 | 1.50% | 4.41M | New entrant, competitive performance |
Even though XENO’s assets under management are still small compared to major players, its returns rival top-tier funds, helped by lower management costs and efficient digital operations.
Why Investors Are Choosing XENO MMF
XENO’s appeal lies in its blend of performance, convenience, and accessibility. It’s built to fit the needs of everyday savers who value safety and simplicity.
Low Entry Point
With a Ksh 500 minimum deposit, virtually anyone can start investing — a democratizing feature in a market long dominated by high entry thresholds.
Competitive Returns
An effective yield of 13.78% as of August 2025 places XENO within the top tier of MMFs in Kenya, outperforming many larger competitors.
Daily Liquidity
Investors can withdraw funds at any time, typically receiving payouts within 1–2 business days, making it an ideal option for short-term goals.
Digital Simplicity
Through ke.myxeno.com, investors can open an account, top up, monitor returns, and withdraw funds fully online — no paperwork required.
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Risks and Considerations
Like all money market funds, XENO MMF is low-risk but not entirely risk-free. Investors should be aware of the following:
Interest Rate Risk
When short-term rates decline, the yield on new investments may reduce, lowering overall fund returns.
Inflation Risk
If inflation rises faster than the fund’s yield, the real value of returns decreases.
Liquidity Risk
Extreme market conditions could cause temporary delays in redemptions, though this is rare given XENO’s conservative asset mix.
Reinvestment Risk
As older securities mature, new ones may offer lower yields, affecting future performance. XENO mitigates this through continuous monitoring and active reallocation.
How to Invest in XENO MMF
XENO has streamlined the investment process into a fully digital experience.
- Visit ke.myxeno.com.
- Create an account and complete the online KYC process.
- Deposit funds via mobile money or bank transfer.
- Track your balance and returns on your dashboard.
- Withdraw or reinvest your funds at any time.
This simplicity makes the XENO MMF particularly appealing to tech-savvy and younger investors who prefer flexibility and transparency.
XENO’s Role in Kenya’s Investment Space
The latest CMA CIS Report (Q2 2025) shows that XENO’s total assets under management stand at Ksh 4.41 million, with its Money Market Fund ranked among Kenya’s 50 approved MMFs.
Although its size is modest, XENO represents the future of investing — digital, inclusive, and transparent.
The fund’s strong governance framework, backed by NCBA Bank Kenya as trustee and custodian, enhances investor confidence and ensures adherence to regulatory standards.
Summary
The XENO Kenya Money Market Fund combines safety, attractive returns, and convenience in a way few funds can.
It offers Kenyan investors a simple path to earn steady income, maintain liquidity, and grow savings — all from the convenience of their devices.
For anyone looking for a short-term, low-risk, and accessible investment, XENO MMF is a strong contender.
Before You Go!
FAQs About XENO Kenya Money Market Fund
1. Is XENO MMF regulated by the Capital Markets Authority (CMA)?
Yes. MYXENO Investment Management Limited is licensed under the Capital Markets Act and regulated by the CMA to operate collective investment schemes in Kenya.
2. How much do I need to start investing?
You can start with as little as Ksh 500 and top up in similar increments anytime through mobile money or bank transfer.
3. Can I withdraw my funds anytime?
Yes. Withdrawals are processed daily, and funds are usually credited within one or two business days, depending on your bank or mobile wallet.
4. What returns should I expect?
As of August 2025, the fund recorded an effective annualized yield of 13.78%, placing it among Kenya’s top-performing MMFs.
5. Where does the fund invest my money?
Primarily in Kenyan Treasury Bills (92.43%), call deposits (7.21%), and cash equivalents (0.36%) to balance yield and liquidity.
