A money market fund (MMF) pools money from many people and invests it in short-term, low-risk things like Treasury bills, bank deposits and short-term company debt.
In Kenya, MMFs are run by licensed fund managers and supervised by the Capital Markets Authority (CMA). Your money is held by a separate custodian bank, not by the fund manager.
MMFs are popular because you can start small, add money any time, earn interest every day, and usually withdraw within a few working days. They are a good home for an emergency fund or money you'll need within a year or two.
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