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How to Invest in MMFs via M-Pesa
Why M-Pesa Makes MMF Investing Easy
Gone are the days of visiting a bank branch to invest. Most Money Market Funds in Kenya now accept deposits directly via M-Pesa, making it possible to start investing with as little as KES 1,000 from your phone.
Step-by-Step Guide
1. Choose Your Fund
Compare funds on our MMF comparison page to find the best yield for your needs. Key factors:
- Annual yield — higher is better
- Management fee — lower is better
- Minimum investment — some start at KES 1,000
- Withdrawal time — T+1 or T+2 is ideal
2. Open an Account
Visit the fund manager's website or app. You'll typically need:
- National ID or passport
- KRA PIN
- M-Pesa registered phone number
- A selfie or passport photo
Most applications are approved within 24-48 hours.
3. Deposit via M-Pesa
Once approved, deposit using the fund's Paybill number:
- Open M-Pesa on your phone
- Select Lipa na M-Pesa → Pay Bill
- Enter the fund's Business Number (Paybill)
- Enter your Account Number (usually your ID number or investor number)
- Enter the Amount (minimum varies by fund)
- Enter your M-Pesa PIN
- Confirm the transaction
4. Track Your Returns
Your money starts earning interest from the next business day. You can track your balance through:
- The fund manager's app or portal
- Monthly statements sent to your email
- SMS notifications for deposits and withdrawals
Popular M-Pesa Paybill Numbers
| Fund | Paybill | Min. Investment |
|---|---|---|
| Cytonn MMF | 329329 | KES 1,000 |
| CIC MMF | 585800 | KES 1,000 |
| Sanlam MMF | 516516 | KES 5,000 |
| Britam MMF | 550550 | KES 1,000 |
Tips
- Set up a standing order — automate monthly deposits for consistent growth
- Don't chase the highest yield — consider fees, fund size, and withdrawal speed too
- Use our calculator to see your actual returns after tax and fees