Money Market Fund Minimum Investment by Fund in Kenya: All 27 Funds Listed
Updated October 2026. Each minimum below was checked against the fund manager's own website, fact sheet or key information document. Managers change their minimums, so confirm with the manager before depositing.
Money market fund minimums at a glance
Kenya's 27 CMA-regulated money market funds ask for anything from nothing at all to KSh 1 million to open an account:
- KSh 0: Kuza has no opening minimum (top-ups from KSh 50)
- KSh 100: Etica, Ziidi, Co-op and Jubilee
- KSh 500: Hela Imara (Genghis) and ICEA Lion
- KSh 1,000: the most common minimum, 11 funds
- KSh 2,500 to 5,000: Sanlam Allianz, Arvocap, Madison, KCB and CIC
- KSh 100,000 and above: Nabo Africa, African Alliance, GenAfrica and Dry Associates
In total, 18 of the 27 funds accept KSh 1,000 or less. If you only need the short answer to "how much do I need to start?", read the minimum investment for a money market fund in Kenya.
Minimum investment for every money market fund in Kenya
Sorted from the lowest opening minimum to the highest. Tap a fund to see its live yield, fees and history on Serrari.
| Fund | Opening minimum | Top-up | Source |
|---|---|---|---|
| Kuza MMF | KSh 0 | KSh 50 | Kuza product page |
| Etica MMF | KSh 100 | KSh 100 | Key information document, May 2026 |
| Ziidi MMF (Safaricom) | KSh 100 | Not stated | Safaricom Ziidi page (M-Pesa only) |
| Co-op MMF | KSh 100 | Flexible | Co-op Trust product page, fact sheet Jun 2026 |
| Jubilee MMF | KSh 100 | KSh 100 | Jubilee FAQ and funding instructions, May 2026 |
| Hela Imara MMF (Genghis) | KSh 500 | KSh 500 | Genghis Capital fund page |
| ICEA Lion MMF | KSh 500 | Any amount | ICEA Lion fund page |
| Cytonn MMF | KSh 1,000 | KSh 100 | Fact sheet, Jul 2026 |
| Lofty-Corban MMF | KSh 1,000 | KSh 100 | Lofty-Corban brochure, 2024 |
| Old Mutual MMF | KSh 1,000 | KSh 1,000 | Old Mutual fund page |
| Britam MMF | KSh 1,000 | KSh 1,000 | Britam brochure, Sep 2024 |
| NCBA Fixed Income Fund | KSh 1,000 | KSh 1,000 | Fact sheet, Oct 2025 |
| Stanbic MMF | KSh 1,000 | KSh 1,000 | Fact sheet, Sep 2026 |
| Equity MMF | KSh 1,000 | Not stated | Equity Investment Bank launch release (older) |
| Orient Kasha MMF | KSh 1,000* | — | Not published by the manager |
| Faulu MMF | KSh 1,000* | — | Not published by the manager |
| CPF MMF | KSh 1,000* | — | Not published by the manager |
| Apollo MMF | KSh 1,000* | — | Not published by the manager |
| Sanlam Allianz MMF | KSh 2,500 | KSh 1,000 | Sanlam Allianz unit-trust FAQ |
| Arvocap MMF | KSh 3,000* | — | Not published by the manager |
| Madison MMF | KSh 5,000 | KSh 1,000 | Madison fund page |
| KCB MMF | KSh 5,000 | Not stated | KCB Group |
| CIC MMF | KSh 5,000 | KSh 1,000 | Fact sheet, Jul 2026 |
| Nabo Africa MMF | KSh 100,000* | — | Not published by the manager |
| African Alliance MMF | KSh 100,000* | — | Not published by the manager |
| GenAfrica MMF | KSh 500,000 | Not stated | Fact sheet, Jun 2024 |
| Dry Associates MMF | KSh 1,000,000 | KSh 250,000 | Fact sheet, Oct 2026 |
* The manager does not publish this minimum on its own website or fact sheet. The figure is Serrari's record; confirm it with the manager before you deposit.
"Not stated" means the manager publishes an opening minimum but no separate top-up minimum.
For the live yield, net yield after fees and management fee of every fund, see the Serrari money market fund comparison.
Opening minimum vs top-up: what is the difference?
The opening minimum is the smallest first deposit a fund accepts. The top-up minimum is the smallest amount you can add after that.
They are often different. Cytonn and Lofty-Corban ask for KSh 1,000 to open but accept top-ups from KSh 100. Dry Associates asks for KSh 1,000,000 to open and KSh 250,000 for each top-up. Kuza needs nothing to open and takes top-ups from KSh 50.
If you plan to save a small amount every month, the top-up minimum matters more than the opening one.
Money market funds you can start with under KSh 500
Five funds accept less than KSh 500:
- Kuza: no opening minimum, top-ups from KSh 50
- Etica: KSh 100 to open and to top up
- Ziidi (Safaricom): KSh 100, opened and topped up only through M-Pesa
- Co-op: KSh 100, and the lowest management fee in the market (0.90%)
- Jubilee: KSh 100 to open and to top up
These suit first-time investors and anyone who wants to build the habit with small, regular deposits.
Funds that start at KSh 500 to KSh 1,000
Hela Imara (Genghis) and ICEA Lion start at KSh 500.
KSh 1,000 is the most common minimum: Cytonn, Lofty-Corban, Old Mutual, Britam, NCBA, Stanbic and Equity all publish it, and Orient Kasha, Faulu, CPF and Apollo are recorded at KSh 1,000 by Serrari but do not publish a figure.
Most of the highest-yielding funds sit in this band, so a KSh 1,000 first deposit opens most of the market.
Funds that need KSh 2,500 to KSh 5,000
- Sanlam Allianz: KSh 2,500, top-ups from KSh 1,000
- Arvocap: KSh 3,000 (Serrari record; not published by the manager)
- Madison: KSh 5,000, top-ups from KSh 1,000
- KCB: KSh 5,000
- CIC: KSh 5,000, top-ups from KSh 1,000
These are mostly large insurer- and bank-affiliated funds.
Funds for larger investors: KSh 100,000 and above
- Nabo Africa and African Alliance: KSh 100,000 (Serrari records; neither manager publishes the figure)
- GenAfrica: KSh 500,000
- Dry Associates: KSh 1,000,000, with top-ups of KSh 250,000
High minimums usually mean the fund is aimed at institutions, companies' cash reserves and high-net-worth investors. A higher minimum does not mean a higher return.
Do not choose a fund on the minimum alone
The minimum only decides whether you can get in. What you earn depends on:
- Net yield: the return after the management fee
- Management fee: most funds charge 2% a year, a few charge less
- Withdrawal speed: how many business days it takes to receive your money
- Top-up channel: whether you can add money from M-Pesa
Compare all four on the live money market fund table, then use the compound interest calculator to see what your deposits could grow to.
How Serrari checks these figures
We checked each fund's minimum against the manager's own published material: its website, frequently asked questions, monthly fact sheet or key information document, and noted the date of each document. Where a manager publishes nothing, we show our own record and mark it with an asterisk rather than repeat a figure copied between websites.
Minimums change. If a manager's current documents show a different figure, the manager is right; tell us and we will update this page.
Frequently Asked Questions
Which money market fund in Kenya has the lowest minimum investment?
Kuza Money Market Fund has no opening minimum, and top-ups start at KSh 50. Etica, Ziidi, Co-op and Jubilee each start at KSh 100 (October 2026).
What is the minimum investment for the KCB money market fund?
KCB publishes a KSh 5,000 minimum to open its shilling money market fund (October 2026).
What is the minimum investment for the CIC money market fund?
KSh 5,000 to open, with top-ups from KSh 1,000, according to CIC's July 2026 fact sheet.
What is the minimum investment for the Sanlam Allianz money market fund?
KSh 2,500 to open, with top-ups from KSh 1,000, according to Sanlam Allianz's unit-trust FAQ (October 2026).
How much do I need to start investing in Ziidi?
KSh 100. Ziidi is opened and topped up only through M-Pesa.
What is the minimum investment for the Etica money market fund?
KSh 100 to open and KSh 100 to top up, according to Etica's May 2026 key information document.
Which money market funds need KSh 100,000 or more?
Nabo Africa and African Alliance (KSh 100,000, Serrari records), GenAfrica (KSh 500,000) and Dry Associates (KSh 1,000,000).
Is the top-up amount the same as the minimum investment?
Not always. Several funds accept smaller top-ups than their opening minimum, for example KSh 100 top-ups at funds that ask for KSh 1,000 to open.
The Bottom Line
18 of Kenya's 27 money market funds accept KSh 1,000 or less, five accept under KSh 500, and one needs nothing to open. Use the minimum to narrow the list, then compare net yields and fees before you choose.
Related reading: what is a money market fund in Kenya?, are money market funds safe in Kenya? and how to invest in an MMF via M-Pesa.
