The Capital Markets Authority (CMA) has released a new ranking of Kenya's leading money market and unit trust schemes, revealing which funds manage the largest amounts of money in the country.
According to the CMA's Quarterly Statistical Bulletin for the third quarter of 2026 (Q3), Standard Investment Trust Fund emerged as the largest collective investment scheme, managing Ksh188.62 billion as of June 30, 2026, representing a 19.88 per cent market share.
Sanlam Unit Trust Scheme followed in second place with Ksh171.38 billion in assets under management and an 18.06 per cent market share, while CIC Unit Trust Scheme ranked third with Ksh105.24 billion, accounting for 11.09 per cent of the market.
The Britam Unit Trust Scheme secured fourth position with Ksh71.35 billion, representing a 7.52 per cent market share, followed by the NCBA Unit Trust Scheme, which ranked fifth with Ksh50.54 billion and a 5.33 per cent market share.
CMA Chief Executive Wyckliffe Shamiah.
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CMA
Old Mutual Unit Trust Scheme ranked sixth with Ksh38.29 billion, followed by Jubilee Unit Trust Scheme at Ksh32.90 billion, Absa Unit Trust Funds at Ksh31.39 billion, Coop Unit Trust Scheme at Ksh27.09 billion, and KCB Unit Trust Scheme at Ksh26.03 billion, completing the top ten.
The ranking comes as the total value of assets managed by collective investment schemes in Kenya increased to Ksh948.7 billion by the end of June 2026, up from Ksh851.7 billion recorded in March, representing an 11 per cent increase within three months.
The CMA attributed the increase to growth recorded by existing investment funds, the registration of additional funds under existing umbrella schemes and intensified marketing efforts by fund managers.
“The increase can be attributed to overall growth reported by existing CIS funds as well as additional funds registered by existing umbrella schemes and commenced reporting in Q2 2026. The increase can also be attributed to intensified marketing efforts by the fund managers,” the report read in part.
The report also showed that Standard Investment recorded a 23 per cent increase in assets under management, rising from Ksh153.15 billion in March to Ksh188.62 billion in June, allowing it to overtake Sanlam, which had previously led the market.
Meanwhile, Sanlam recorded a six per cent increase in assets, while CIC grew by two per cent and Britam registered a 15 per cent increase. NCBA, however, experienced a seven per cent decline, with its assets falling from Ksh54.29 billion to Ksh50.54 billion.
Other notable schemes included Etica Unit Trust Fund, which ranked 11th with Ksh24.87 billion, ICEA Unit Trust Scheme in 12th position with Ksh23.74 billion, and Madison Unit Trust Funds in 13th position with Ksh20.56 billion.
Ziidi Money Market Fund, which ranked 14th overall, managed Ksh19.89 billion, followed by Faida Unit Trust Funds with Ksh19.42 billion and Nabo Africa Funds with Ksh14.79 billion.
A person holding a bundle of a thousand Kenyan shilling notes.
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VOA Africa