The CIC Money Market Fund is one of Kenya’s established money market funds. Managed by CIC Asset Management and regulated by the Capital Markets Authority, it focuses on capital preservation and liquidity for investors who want a low-risk place to park cash.
CIC Money Market Fund’s returns vary over time depending on prevailing interest rates and the performance of its underlying investments. As of September 2026, CIC Asset Management lists a current daily rate of 8.12% and a current effective annual rate of 8.43%. Separately, August 2026 industry data reported a net return of 6.85%. Investors should check CIC Asset Management’s latest published figures before investing.
CIC Money Market Fund at a Glance
| Item | Details |
|---|---|
| Minimum investment | KSh 5,000 |
| Minimum top-up | KSh 1,000 |
| Management fee | 2% p.a. |
| Current daily rate | 8.12% |
| Current effective annual rate | 8.43% |
| August 2026 net return | 6.85% |
| Trustee | KCB Bank Kenya |
| Custodian | Co-operative Bank |
| Investment type | Money market / unit trust |
| Regulation | Capital Markets Authority |
Key Features
| Feature | Details |
|---|---|
| Annual Management Fee | 2.00% p.a. |
| Entry / Exit Fees | None |
| Interest Calculation | Daily, credited monthly |
| Withholding Tax | 15% on interest earned (final tax) |
| Trustee | Kenya Commercial Bank (KCB) |
| Custodian | Co-operative Bank |
| Withdrawal | Available at short notice, subject to CIC’s processing procedures |
| Maximum weighted average tenure | 18 months |
Where the Money Goes
The fund invests mainly in short-term, high-quality instruments to keep risk low and liquidity high:
- Treasury bills and short-term government securities
- Bank fixed and call deposits with regulated commercial banks
- CMA-approved commercial papers
The portfolio has a maximum weighted average tenure of 18 months.
How to Invest in CIC MMF
You can open an account and top up through several channels:
- USSD: Dial *304# and follow the prompts
- Mobile App: Download the CIC Invest App (Google Play or App Store)
- Web Portal: Use the CIC Asset Management self-service portal
- M-PESA: Use CIC Asset Management PayBill 600118 and enter your member number as the account number
You will need a copy of your national ID or passport and KRA PIN. Larger amounts may require additional verification such as a bank statement.
Fees and Net Returns
The 2% annual management fee is deducted before the published yield. A further 15% withholding tax is taken on the interest you earn. There are no entry or exit fees, though mobile wallet or bank transfer charges may apply on withdrawals.
Because the management fee is already reflected in the quoted yield, the figure you see is what the fund is currently distributing before tax.
Pros and Considerations
Advantages
- Established fund with strong liquidity focus
- Low risk and capital preservation priority
- Easy digital onboarding
- No fixed lock-in period
Points to Note
- Returns can change as market interest rates and portfolio performance change
- Not currently among the highest-yielding MMFs
- Actual processing time for withdrawals depends on CIC’s procedures
Who It Suits
The CIC Money Market Fund works well for emergency funds, short-term cash parking, and investors who prioritise safety and liquidity over chasing the highest possible yield.
Those seeking higher returns may want to compare current rates with other CMA-licensed money market funds before deciding.
Related:10 Best Money Market Funds in Kenya in 2026: Yields, Minimums & How to Choose
Frequently Asked Questions
What is the minimum investment for CIC Money Market Fund?
The minimum initial investment is KSh 5,000. Subsequent top-ups start from KSh 1,000.
How much does CIC MMF currently pay?
As of September 2026, CIC lists a current daily rate of 8.12% and an effective annual rate of 8.43%. Separately, August 2026 industry data shows a net return of 6.85%. Always check the latest official figures before investing.
How do I invest in CIC Money Market Fund?
You can register via USSD (*304#), the CIC Invest app, the web portal, or top up via M-PESA PayBill 600118 using your member number. You will need your national ID or passport and KRA PIN.
How do I withdraw money from CIC MMF?
Withdrawals are available at short notice, subject to CIC Asset Management’s applicable processing procedures.
Is CIC Money Market Fund safe?
It is a low-risk fund regulated by the Capital Markets Authority. Kenya Commercial Bank acts as trustee and Co-operative Bank as custodian. Like all investments, it carries some risk and is not guaranteed by the government.
How is interest calculated and paid?
Interest is calculated daily and credited monthly. You can choose to reinvest the earnings or have them paid out.
What is the tax on CIC MMF?
Interest earned is subject to a 15% withholding tax, which is deducted at source and treated as a final tax.
Bottom Line
CIC Money Market Fund remains a solid, well-known low-risk option for Kenyan investors. Minimum entry is KSh 5,000, the management fee is 2%, and current rates listed by CIC stand at 8.12% daily / 8.43% effective annual (as of September 2026). Always check the latest official factsheet and confirm details directly with CIC Asset Management before investing.
Sources:
CIC Asset Management official investment solutions page (current daily rate 8.12%, effective annual rate 8.43%);
CIC Money Market Fund factsheets 2026;
Industry ranking data (August 2026 net return 6.85%).
Past performance is not a guarantee of future returns.