Safaricom’s Ziidi Money Market Fund (MMF) has reported total assets of KSh 10.68 billion for the half-year period ended June 30, 2025, just six months after its launch.
The milestone underscores the growing appetite for low-risk investment vehicles among Kenyan investors seeking stable returns.
According to the unaudited financial statements, the fund generated KSh 354.56 million in total investment income during the period, with the bulk coming from fixed deposits (KSh 194.3 million) and government securities (KSh 86.3 million). Interest income from call deposits contributed KSh 73.3 million, while corporate bonds added KSh 357,927.
After deducting operating expenses of KSh 81.27 million, which included management fees (KSh 77.9 million), trustee fees and custody fees, the surplus attributable to unit holders stood at KSh 273.08 million.
The fund’s statement of financial position shows that fixed deposits accounted for the largest share of non-current assets, standing at KSh 4.58 billion, followed by investments in government securities at KSh 1.7 billion. The fund also reported KSh 15.8 million in government bills and KSh 11.8 million in corporate bonds.
Current assets, which include call deposits and cash bank balances, stood at KSh 4.38 billion, reflecting high liquidity that allows the fund to meet redemption demands while sustaining investor confidence.
Commenting on the results, Standard Investment Bank (SIB), the fund manager for Ziidi MMF, stated that the performance indicates the trust Kenyans have in Ziidi Money Market Fund.
“Posting KSh 10.7 billion in total assets within just six months demonstrates the trust Kenyans have placed in Ziidi Money Market Fund. Our focus remains on preserving capital, ensuring liquidity and delivering competitive returns for all our investors.”
The Ziidi MMF, managed by SIB and administered by ALA Capital, is one of the newest entrants in Kenya’s money market fund space. Its strong early performance suggests that more Kenyans are embracing unit trust products as a means of preserving capital and earning competitive returns in a challenging economic environment.
Industry analysts say that Safaricom’s wide customer base and strong brand recognition have given the Ziidi MMF a competitive edge, making it attractive to first-time investors who value trust, transparency and accessibility.
The fund’s managers are optimistic about the coming months, projecting continued growth as more retail and institutional investors come on board. The strong uptake is also expected to stimulate competition among other fund managers, potentially driving innovation and better yields in Kenya’s collective investment schemes market.
With KSh 10.7 billion under management in just half a year, Safaricom’s Ziidi MMF is poised to become a major player in the Kenyan money market fund sector.
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