Investing in Money Market Funds in Kenya 2024 with Calculations 2024

Today’s focus is on Money market fund calculations in Kenya, where I will take you through the process of interest earning and how the withholding tax and management fee affects your money market fund interest.

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00:00 - Introduction
00:14 - What is a money market fund account?
00:12 - Who operates money market fund accounts in Kenya?
01:54 - Money Market Fund savings vs Bank and Sacco calculations
02:00 - What is compound interest?
02:58 - Benefits of opening a money market fund account
03:03 - Money market funds are good for emergency savings
03:31 - Money market funds for goal savings
05:23 - Ivy Oyori Money market fund calculator in Kenya ivyoyori.com
05:57 - Example 1 saving Kes 1,000 every month in a money market fund
07:08 - Example 2 Saving kes 5,000 every month in a money market fund
08:28 - Example 3 Saving Kes 500,000 lump sum in a money market fund
09:48 - Example 4 saving Kes 10,000 every month in a money market fund
10:41 - Example 5 saving 1 million in a money market fund
11:54 - Example 6 saving Kes 60,000 vs saving Kes 5,000 for 12 months
14:50 - Management fee and tax on money market funds in Kenya
15:08 - Example 7 the actual interest deposited in your MMF account in Kenya