Complete Fixed Income Fund Register
If you are looking for fixed income funds in Kenya, one of the first things to establish is which funds are actually approved to operate.
The Capital Markets Authority (CMA) maintains a register of approved collective investment schemes in Kenya. The register includes conventional fixed income funds, bond funds, special fixed income funds and some dollar-denominated fixed income products. It is therefore a useful starting point when comparing investment options.
Important: A fund appearing on the CMA register does not mean it is the best fixed income fund or that its returns are guaranteed. Approval confirms its regulatory status; investors should still assess fees, risk, investment strategy, liquidity and performance.
Complete fixed income fund register in Kenya
The following register is compiled from the CMA's current approved collective investment schemes list, accessed in August 2026. It focuses on schemes whose registered products are identified as fixed income, bond, income or special fixed income funds.
| Fund manager / scheme | Fixed income or bond funds listed by CMA |
|---|---|
| African Alliance Kenya Unit Trust Scheme | African Alliance Kenya Fixed Income Fund |
| British-American Unit Trust Scheme | Britam Income Fund; Britam Special Fixed Income Fund |
| NCBA Unit Trust Funds | NCBA Fixed Income Fund; NCBA Dollar Fixed Income Fund; NCBA Fixed Income Basket Note (KES Fund); NCBA Fixed Income Basket Note (USD Fund); NCBA Global Special Fixed Income Fund |
| Zimele Unit Trust Scheme | Zimele Fixed Income Fund |
| ICEA Unit Trust Scheme | ICEA Bond Fund; ICEA Fixed Income Fund (USD) |
| CIC Unit Trust Scheme | CIC Fixed Income Fund |
| Madison Unit Trust Fund | Madison Fixed Income Fund |
| Dyer & Blair Unit Trust Scheme | Dyer & Blair Fixed Income Fund (USD) |
| Diaspora Unit Trust Scheme | Diaspora Bond Fund |
| Genghis Unit Trust Funds | GenCap Hazina Fund (Bond Fund); GenCap Fixed Income Fund |
| Sanlam Unit Trust Scheme | Sanlam Fixed Income Fund; Sanlam USD Fixed Income Fund; Sanlam Special GBP Fixed Income Fund |
| Old Mutual Unit Trust Scheme | Old Mutual Bond Fund; Old Mutual Special Fixed Income Fund |
| Co-op Trust Fund | Co-op Bond Fund; Co-op Fixed Income Gratuity Fund |
| Apollo Unit Trust Scheme | Apollo Bond Fund |
| Orient Umbrella Collective Investment Scheme | Orient Hifadhi Fixed Income Fund |
| Absa Unit Trust Funds | Absa Bond Fund |
| KCB Unit Trust Scheme | KCB Fixed Income Fund |
| GenAfrica Unit Trust Scheme | GenAfrica Fixed Income Fund |
| Jubilee Unit Trust Collective Investment Scheme | Jubilee Fixed Income (KES) Fund; Jubilee Fixed Income (USD) Fund; Jubilee Enhanced Fixed Income Special Fund |
| Enwealth Capital Unit Trust Scheme | Enwealth Fixed Income Fund |
| Kuza Asset Management Unit Trust Scheme | Kuza Fixed Income Fund |
| Etica Unit Trust Funds | Etica Fixed Income Fund; Etica Fixed Income Fund (USD) |
| Standard Investment Trust Funds | Standard Investment Fixed Income Fund |
| Lofty Corban Unit Trust Scheme | Lofty Corban Bond Fund (KES); Lofty Corban Bond Fund (USD); Lofty-Corban Private Debt Special Fund |
| Stanbic Unit Trust Funds | Stanbic Fixed Income Fund; Stanbic Fixed Income Fund (USD) |
| Rencap Unit Trust Scheme | Rencap Fixed Income Fund (KES); Rencap Fixed Income Fund (USD) |
| Mayfair Umbrella Collective Investment Scheme | Mayfair Fixed Income Fund |
| ICEA LION Collective Investment Scheme | ICEA LION Bond Fund; ICEA Fixed Income Fund (KES) |
| GCIB Unit Trust Scheme | GCIB Fixed Income Fund; GCIB Shariah Fixed Income Fund |
| Arvocap Unit Trust Scheme | Arvocap Ngao Fixed Income Distribution Fund; Arvocap Almasi Fixed Income Accumulation Fund; Arvocap Eurofix Fixed Income Special Fund |
| MyXENO Unit Trust Scheme | XENO Kenya Bond Fund; XENO Kenya Fixed Income Fund (USD); XENO Kenya International Equity Special Fund is separate and is not included as a fixed income product |
| GulfCap Unit Trust Scheme | GulfCap Fixed Income Fund; GCIB Shariah Fixed Income Fund |
| Octagon Unit Trust Scheme | Octagon Fixed Income Fund |
| Capital A Unit Trust Scheme | Capital A Rejesha Fixed Income Fund (KES); Capital A Rejesha Fixed Income Fund (USD) |
| Globetec Unit Trust Scheme | Globetec Fixed Income Fund; Globetec Dollar Fixed Income Fund |
| Zamara Unit Trust Scheme | Zamara Fixed Income Fund (KES) |
| Pergamon Unit Trust Scheme | Pergamon Fixed Income Fund |
| EDC Kenya Unit Trust Funds | EDC Kenya KES Fixed Income Fund; EDC Kenya Dollar Fixed Income Fund |
The fund names above are based on the CMA's approved collective investment schemes register.
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What does "bond fund" mean?
You may notice that the register includes bond funds alongside products specifically called fixed income funds.
A bond fund is a type of fixed-income investment fund that primarily invests in bonds. In practice, Kenyan fund providers may use terms such as fixed income fund, bond fund or income fund for products with different investment mandates.
For example, the CMA register lists the GenCap Hazina Fund as a Bond Fund, while GenCap also has a separate GenCap Fixed Income Fund.
Therefore, don't assume that two funds with similar names have identical portfolios.
What about special fixed income funds?
The register also contains special fixed income funds. These can have different investment requirements from ordinary retail fixed income funds.
For example, the CMA lists Britam Special Fixed Income Fund, Old Mutual Special Fixed Income Fund, Jubilee Enhanced Fixed Income Special Fund and Arvocap Eurofix Fixed Income Special Fund.
Some special funds may target particular investors, investment periods or strategies. Always check the fund's information memorandum and current fact sheet before investing.
How do you choose from the register?
Alt text: Fixed income fund comparison checklist showing minimum investment, management fees, investment strategy, risk, liquidity, lock-in period, historical performance and currency.
A long list can be useful, but it does not tell you which fund is right for you.
When comparing the best fixed income funds to invest in, check:
- Minimum investment: How much do you need to start?
- Management fees: What does the fund charge?
- Investment strategy: What securities does it hold?
- Risk: What could affect your investment?
- Liquidity: How quickly can you withdraw?
- Lock-in period: Are withdrawals restricted?
- Historical performance: How has it performed over time?
- Currency: Is the fund denominated in KES or another currency?
For example, Etica's current KES Fixed Income Fund lists a KSh100 minimum investment, 2% annual management fee and no lock-in period. Kuza's current product information lists a KSh1,000 minimum initial investment, KSh50 minimum top-up and 2% annual management fee.
These differences show why investors should look beyond a fund's name when comparing products.
Where can you verify a fund?
Alt text: Infographic showing four steps to verify a fixed income fund and the key documents to review before investing.
The CMA approved collective investment schemes register is the best starting point for checking whether a scheme appears among approved collective investment schemes. The CMA also maintains a separate register of licensed fund managers.
After finding a fund on the CMA register, visit the fund manager's official website and check its latest:
- Fund fact sheet
- Key Investor Information Document
- Information Memorandum
- Fee schedule
- Application and withdrawal terms
A final word for investors
This register is designed to help you find and compare, not to rank funds.
If you are searching for the best fixed income funds in Kenya, remember that "best" depends on your investment amount, time horizon, income needs, risk tolerance and need for liquidity.
Most importantly, regulatory approval does not guarantee investment returns or eliminate investment risk. The CMA itself states that it does not take responsibility for the financial soundness of schemes or the correctness of statements made by them.
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