In Kenya, Collective Investment Schemes (CIS) provide an opportunity for individuals to pool resources and invest in a diverse portfolio of assets, such as bonds, shares, and real estate. The Capital Markets Authority (CMA) is responsible for regulating and approving these schemes. Below is a list of the approved CIS operating in Kenya as of 2024.
As of September 30, 2025, there are 55 approved Collective Investment Schemes (CIS) in Kenya, with 41 currently active. These schemes, regulated by the Capital Markets Authority (CMA), offer various funds, primarily Money Market Funds, Fixed Income Funds, Equity Funds, and Balanced Funds.
The full, up-to-date list of all licensed Collective Investment Schemes and their respective funds can be found on the CMA’s official website at the CMA Licensees Portal.
A variety of active and recently approved fund managers operate in Kenya, offering different types of funds. Examples include Absa Unit Trust Funds, which provides Money Market (Ksh & USD), Bond, Balanced, and Equity funds, and Britam Unit Trust Scheme, offering Money Market (Ksh & USD), Income, Balanced, Equity, and Special Fixed Income funds. Co-op Trust Fund has Money Market, Balanced, Equity, Bond, and Fixed Income Gratuity funds, while Dry Associates Unit Trust Scheme offers Money Market (Ksh & USD), Special High Yield, and SME Impact Debt funds. Etica Unit Trust Funds includes Money Market (Ksh & USD), Fixed Income (Ksh & USD), Shariah (Ksh & USD), Wealth (Ksh & USD), and Special Multi Asset funds. Jubilee Unit Trust Collective Investment Scheme offers Money Market (Ksh & USD), Balanced, Equity, Fixed Income (Ksh & USD), and Enhanced Fixed Income Special funds. Lofty Corban Unit Trust Scheme includes Money Market (Ksh & USD), Equity, Bond (Ksh & USD), Private Debt Special, and Global Asset Special funds. Mansa X Special Fund (Standard Investment Bank) is a multi-asset strategy fund. Old Mutual Unit Trust Scheme provides Money Market (Ksh & USD), Equity, Balanced, Bond, East Africa, Faulu Money Market, and Special Fixed Income funds. VCG Asset Management Limited has been approved for funds like VCG Offshore Money Market (KES) and VCG Offshore Money Market Special (USD). XENO offers KES and USD products including Money Market, Bond, International Equity Special, and Fixed Income funds. For further details on fund managers and their offerings, refer to Capital Markets authority.
Investors can find information on fund performance, risk tolerance, and asset allocation in the quarterly reports available on the Capital Markets Authority website.
List of Approved Collective Investment Schemes in Kenya
- African Alliance Kenya Unit Trust Scheme
- African Alliance Kenya Money Market Fund
- African Alliance Kenya Fixed Income Fund
- African Alliance Kenya Managed Fund
- African Alliance Kenya Equity Fund
- African Alliance Kenya Enhanced Yield Fund
- British-American Unit Trust Scheme
- British-American Money Market Fund
- British-American Income Fund
- British-American Balanced Fund
- British-American Equity Fund
- NCBA Unit Trust Funds
- NCBA Fixed Income Fund
- NCBA Equity Fund
- NCBA Dollar Fixed Income Fund
- NCBA Fixed Income Basket Note (KES Fund)
- NCBA Fixed Income Basket Note (USD) Fund
- Zimele Unit Trust Scheme
- Zimele Balanced Fund
- Zimele Money Market Fund
- Zimele Fixed Income Fund
- ICEA Unit Trust Scheme
- Standard Investment Equity Growth Fund
- Standard Investment Fixed Income Fund
- Standard Investment Balanced Fund
- CIC Unit Trust Scheme
- CIC Money Market Fund
- CIC Balanced Fund
- CIC Fixed Income Fund
- CIC Equity Fund
- CIC Wealth Fund
- CIC Dollar Fund
- Madison Unit Trust Fund
- Madison Money Market Fund
- Madison Fixed Income Fund
- Madison Wealth Fund
- Dyer and Blair Unit Trust Scheme
- Dyer and Blair Diversified Fund
- Dyer and Blair Bond Fund
- Dyer and Blair Money Market Fund
- Dyer and Blair Equity Fund
- Amana Unit Trust Funds Scheme
- Amana Money Market Fund
- Amana Balanced Fund
- Amana Equity Fund
- Diaspora Unit Trust Scheme
- Diaspora Money Market Fund
- Diaspora Bond Fund
- Diaspora Equity Fund
- First Ethical Opportunities Fund
- Genghis Unit Trust Funds
- GenCap Hazina Fund (Bond Fund)
- GenCap Eneza Fund (Diversified Fund)
- GenCap Hela Fund (Money Market Fund)
- GenCap Iman Fund (Shariah Compliant Fund)
- GenCap Hisa Fund (Equity Fund)
- GenCap Hela Imara Fund (Money Market Fund)
- Gencap Eneza Imara Fund
- Gencap Hisa Imara Fund
- Gencap Iman Imara Fund
- Gencap Fixed Income Fund
- Mali Money Market Fund
- Genghis Specialized Funds
- Gencap NSE25 Index Tracker
- Gencap Financial Services Fund
- Sanlam Unit Trust Scheme
- Sanlam Money Market Fund
- Sanlam Balanced Fund
- Sanlam Fixed Income Fund
- Sanlam USD Fixed Income Fund
- Nabo Africa Funds
- Nabo Africa Money Market Fund
- Nabo Africa Balanced Fund
- Nabo Africa Fixed Income Fund
- Nabo Africa Equity Fund
- Nabo Capital Money Market Fund (USD)
- Old Mutual Unit Trust Scheme
- Old Mutual Equity Fund
- Old Mutual Money Market Fund
- Old Mutual Balanced Fund
- Old Mutual East Africa Fund
- Old Mutual Bond Fund
- Equity Investment Bank Collective Investment Scheme
- Equity Investment Bank Money Market Fund
- Equity Investment Bank Balanced Fund
- Dry Associates Unit Trust Scheme
- Dry Associates Money Market Fund (Kenya Shillings)
- Dry Associates Money Market Fund (US Dollars)
- Dry Associates Balanced Fund (Kenya Shillings)
- Co-op Trust Fund
- Co-op Balanced Fund
- Co-op Equity Fund
- Co-op Bond Fund
- Co-op Money Market Fund
- Co-op Fixed Income Gratuity Fund
- Apollo Unit Trust Scheme
- Apollo Money Market Fund
- Apollo Balanced Fund
- Apollo Aggressive Growth Fund
- Apollo Equity Fund
- Apollo East Africa Fund
- Apollo Bond Fund
- Cytonn Unit Trust Scheme
- Cytonn Money Market Fund
- Cytonn Balanced Fund
- Cytonn Equity Fund
- Cytonn Africa Financial Services Fund
- Cytonn Money Market Fund (USD)
- Cytonn High Yield Fund
- Orient Umbrella Collective Investment Scheme (formerly Alphafrica Umbrella Fund)
- Orient Hifadhi Fixed Income Fund
- Orient Kasha Money Market Fund
- Wanafunzi Investment Unit Trust Fund
- Absa Unit Trust Funds
- Absa Balanced Fund
- Absa Bond Fund
- Absa Dollar Money Market Fund
- Absa Equity Fund
- Absa Shilling Money Market Fund
- Jaza Unit Trust Fund
- Boda Riders Money Market Fund
- Masaru Unit Trust Scheme
- Masaru Wealth Management Fund
- Masaru Money Market Fund
- ADAM Unit Trust Scheme
- ADAM Balanced Fund
- ADAM Equities Fund
- ADAM Fixed Income Fund
- ADAM Money Market Fund
- KCB Unit Trust Scheme (formerly Natbank Unit Trust Scheme)
- KCB Money Market Fund (Kes)
- KCB Fixed Income Fund
- KCB Balanced Fund
- KCB Equity Fund
- KCB Money Market Fund (USD)
- GenAfrica Unit Trust Scheme
- GenAfrica Money Market Fund
- GenAfrica Equity Fund
- GenAfrica Fixed Income Fund
- Amaka Unit Trust (Umbrella) Scheme
- Amaka HOSP Fixed Income Fund
- Amaka Qualified Investor Tenant Purchase Scheme Fund
- Jubilee Unit Trust Collective Investment Scheme
- Jubilee Balanced Fund
- Jubilee Equity Fund
- Jubilee Fixed Income (KES) Fund
- Jubilee Fixed Income (USD) Fund
- Jubilee Money Market Fund
- Enwealth Capital Unit Trust Scheme
- Enwealth Balanced Fund
- Enwealth Equity Fund
- Enwealth Money Market Fund
- Kuza Asset Management Unit Trust Scheme
- Kuza Fixed Income Fund
- Kuza Money Market Fund (KES)
- Kuza Money Market Fund (USD)
- Kuza Momentum Fund
- Etica Unit Trust Funds
- Etica Money Market Fund
- Etica Money Market Fund (USD)
- Etica Fixed Income Fund
- Etica Fixed Income Fund (USD)
- Etica Shariah Fund
- Etica Shariah Fund (USD)
- Etica Wealth Fund
- Etica Wealth Fund (USD)
- Lofty Corban Unit Trust Scheme
- Lofty Corban Equity Fund
- Lofty Corban Money Market Fund (KES)
- Lofty Corban Money Market Fund (USD)
- Lofty Corban Bond Fund (USD)
- Lofty Corban Bond Fund (KES)
- Lofty Corban Special Money Market Fund
- Britam Special Fixed Income Fund
Capital Markets Authority (CMA) Contacts
Head Office: Embankment Plaza, 3rd Floor, Longonot Road, off Kilimanjaro Avenue, Upperhill, Nairobi
Contacts: +254 722 207767, +254 20 2264000
Email: [email protected]
