Investment

ndovu is a regulated robo-advisory platform owned by Ndovu Wealth Limited. The platform is specifically designed to enhance accessibility, security, and affordability when making investments in both local and global financial markets.

Interest rates offered by MMFs are not the only way to measure the performance of a money market fund. The Capital Market Authority (CMA) released the Q2 performance on collective investments and funds under management. The CIC Unit Trust scheme has the highest funds under management, followed by NCBA and Sanlam, respectively.

The new kid in the block, Lofty-Corban KSH Money Market Fund, a product of Lofty-Corban Investments Ltd., took the industry by storm, quickly securing the 3rd spot after recording an impressive average effective daily yield of 11.712%.

Zimele Asset Management’s Zimele Money Market Fund experienced a significant rise in ranking compared to June to secure eighth place, offering investors an average daily yield of 10.56%. As a new investor, you only need a minimum investment of KES 100 to get started and subsequent top-ups of KES 100 to invest in the fund.

Zimele Money Market Fund experienced a significant drop in rankings as well to move into fourteenth position after recording an average annual yield rate of 9.56%.