“How much will KSh100,000 earn in a money market fund?” is a better question than simply asking which fund has the highest rate. It turns a percentage into shillings you can understand.
Use the calculator below with the annual effective rate you are actually comparing. The output is an illustration, not a forecast, because MMF rates can change over time.
Assumption: the entered percentage is treated as an effective annual rate and stays unchanged. Monthly top-ups are added at month-end. The optional 15% haircut is a simplified illustration, not a tax calculation for a specific fund. Kenya's Income Tax Act treats registered collective investment schemes separately, and tax can arise at scheme/income level; confirm the provider's published rate basis and current tax treatment.
Example: KSh100,000 at 10%
If an MMF delivered a 10% effective annual return for a full 12 months, KSh100,000 would grow to about KSh110,000 before any applicable deductions. That is an illustration of the maths, not a statement that any particular fund will deliver 10% for the next year.
Why your actual MMF result can be different
- The rate can change: MMF yields respond to market conditions and portfolio returns.
- Published-rate definitions differ: effective annual yield, annualised yield and other presentations are not always identical.
- Fees and deductions matter: check whether the published figure is before or after relevant charges and deductions.
- Deposit and withdrawal timing matters: adding or removing money changes the amount earning a return.
How to find a rate to use
Open Amka’s current MMF comparison, choose a recent published rate with a visible source date, then enter it above. If two funds use different reporting bases, do not assume the percentages are perfectly like-for-like.
What KSh500,000 or KSh1 million changes
The arithmetic scales with the amount, but the product decision still depends on liquidity, fees, minimums and the purpose of the money. A larger balance makes even a small percentage-point difference more meaningful in shillings, which makes source freshness and comparability more important.
Starting with a smaller amount?
See the MMF minimum investment guide for Kenya to compare published entry amounts before using the calculator.
Before treating the estimate as take-home return
Read the MMF tax guide and MMF fees guide. Published-rate bases differ, so the calculator is an illustration rather than a provider-specific net-return calculation.
Frequently asked questions
How much can KSh100,000 earn in an MMF?
Enter KSh100,000 and the current annual effective rate you want to test. At an illustrative 10% effective annual rate for 12 months, the gross mathematical growth is about KSh10,000.
Do MMF returns stay fixed?
Not necessarily. A money market fund’s published yield can move over time. Treat today’s rate as current information, not a guaranteed one-year promise.
Where can I compare current Kenya MMF rates?
Use Amka’s MMF rate comparison, which keeps dates and source links visible.