Nabo Africa Money Market Fund calculator for Ksh 2,000,000 over 5 years.
Calculate Nabo Africa Money Market Fund returns using the current 9.26%net yield after Kenya's 15% withholding tax. Edit amount, duration and monthly top-up below to model your own MMF returns.
Projected final balance
Ksh 3,177,480
Ksh 2,000,000 over 5 years
Estimated interest
Ksh 1,177,480
At 9.26% net p.a.
Current rank
#3
28 MMFs tracked
Current Nabo Africa Money Market Fund interest rate
Nabo Africa Money Market Fund, managed by Nabo Capital, is currently listed at 10.89% gross and 9.26% net after withholding tax. This makes it rank #3 among 28 tracked Kenyan money market funds.
Adjustable calculator
Change amount and duration
Estimate returns for Nabo Africa Money Market Fund using the current net annual rate of 9.26% after tax. Gross rate is 10.89% before withholding tax.
Final balance
Ksh 3,177,480
Total contribution
Ksh 2,000,000
Estimated interest
Ksh 1,177,480
This is an estimate using daily compounding and the displayed net rate. Actual fund returns can change daily and may differ from this projection.
Why use an MMF?
Money market funds are commonly used for short-to-medium term savings, emergency funds and cash parking because they usually provide daily accrual and easier access than long fixed deposits.
Gross vs net yield
Gross yield is before tax. Net yield is after Kenya's 15% withholding tax and is usually the better number for comparing what reaches the investor.
Risks to note
MMF yields are not fixed forever. They can change as Treasury bill, bond and market rates move, so this projection is an estimate, not a guaranteed return.