Sanlam Money Market Fund — review & details
Kenya's largest money market fund by assets, CMA-regulated and one of the easiest to join — fund it straight from M-Pesa with a low minimum. A conservative, mainstream home for goal money and emergency funds.
Largest MMF
Sanlam Money Market Fund
★★★★★
CMA-licensed collective investment scheme (Sanlam)
Regulator
About KSh 2,500 to open; top-ups from ~KSh 1,000
Minimum
Direct via M-Pesa paybill
Funding
Variable, accrues daily — check the current net rate (moves weekly; 15% WHT applies)
Yield
Withdraw in a couple of business days
Access
Manager / independent trustee / custodian structure — not KDIC-insured
Protection
Pros
- Largest fund by AUM, long track record
- Low entry and M-Pesa funding
- Daily interest, accessible within days
Cons
- Yield is around the industry average, not the top
- Not KDIC-insured (structural protection instead)
- Returns vary with market rates
How Sanlam Money Market Fund compares in savings & fixed deposits
| Sanlam Money Market Fund | Treasury Bills (91 / 182 / 364-day) | CIC Money Market Fund | |
|---|---|---|---|
| Regulator | CMA-licensed collective investment scheme (Sanlam) | — | CMA-licensed collective investment scheme (CIC Asset Management) |
| Minimum | About KSh 2,500 to open; top-ups from ~KSh 1,000 | KSh 50,000 (non-competitive bid), in multiples of KSh 50,000 | About KSh 5,000 to open; top-ups from ~KSh 1,000 |
| Funding | Direct via M-Pesa paybill | — | — |
| Yield | Variable, accrues daily — check the current net rate (moves weekly; 15% WHT applies) | Set at the weekly CBK auction — check the current rate at centralbank.go.ke | Variable, accrues daily — check the current net rate (moves weekly; 15% WHT applies) |
| Access | Withdraw in a couple of business days | — | Withdrawals typically settle in ~2 business days (T+2) |
| Protection | Manager / independent trustee / custodian structure — not KDIC-insured | — | Manager / independent trustee / custodian structure — not KDIC-insured |
| Read our Sanlam MMF review → | Current rates at the Central Bank → | Read our CIC MMF review → |
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