How to Choose the Best Money Market Fund (MMF) in Kenya
Not all Money Market Funds (MMFs) are created equal. When comparing ncba, cic, zimele, and sanlam MMF yields, investors should evaluate parameters beyond the advertised daily yield percentage.
Important Comparison Benchmarks:
- Management & Expense Ratios: Standard fund management fees range from 1% to 2.5% annually. A fund advertising a 15% gross yield with a 2% fee gives you a net return of 13% before tax.
- Fund Manager Credibility: Choose established, CMA-regulated managers with long-term assets under management (AUM) to guarantee capital security.
- Withdrawal Turnaround Time: Confirm whether the fund allows instant withdrawals via mobile wallets or standard 48-hour bank transfers.