Is investing in cytonn MMF safe?
Is investing in cytonn MMF safe? Cause the last time i was new to MMFs i joined cytonn but invested1500 and they ended up cutting ledger fee every month. I thought the fees were cut before they enter your account?? And have in mind i opened the same time with other mmfs like etica, lofty the same 1500 and i was receiving some good amount without ledger fees.
I have been quite skeptical 🤨 of cytonn after their whole scandal? Should i be worried. 😓
@Brian Otachi
4 replies
Tachi · 29 Aug 2025
Hey Benjamin, good to hear from you. Cytonn Money Market Fund is as safe as the other ones but the main issue I find with them which is quite annoying is that ledger fee thing. As much as it seems like a small amount, it will most likely wipe away all or almost all your interest especially for small accounts. That's not encouraging at all. But safety is okay
Fred · 29 Aug 2025
Hiyo ledger on top of the management fees ilinifanya nikawachana na Cytonn mbio sana 😅. Mimi ni mkulima mdogo
Benjamin · 29 Aug 2025
@moneyversations
So is the ledger fee percentage same in both high and low account the same or is it just for low accounts? 🤷♂️ 
Tachi · 29 Aug 2025
@zephers the ledger fees charge on Cytonn Money Market Fund at first was only applicable to accounts with balances below 50k
I'm not sure if they made it cut across the entire range of balances but with certainty it is being deducted for all accounts below 50k balances
Join the conversation
MoneyVersations Community is a free place where Kenyans share real experiences about saving, investing and money. Join in a minute.
Members share personal experiences, not professional financial advice. Always check a product's details before you invest.