Updated 7 November 2026
The Britam Bond Plus Fund and the Britam Money Market Fund are both unit trusts run by Britam Asset Managers, and both start at KSh 1,000. The difference is time. The money market fund (MMF) holds short-term instruments and suits money you may need within a year. The Bond Plus Fund holds mainly government and corporate bonds, so its returns can move more, and Britam suggests keeping money in it for one to three years.
Checked on 7 November 2026 against Britam’s Bond Plus Fund brochure, Money Market Fund brochure (September 2024), MMF product page, and the audited 2025 annual reports of the Money Market Fund and Bond Plus Fund. Not investment advice.
On this page
Britam MMF vs Britam Bond Plus Fund at a glance
| Item | Britam Money Market Fund | Britam Bond Plus Fund |
|---|---|---|
| Main holdings | Short-term fixed income: fixed deposits, T-bills, bonds | Mainly government treasury bonds, plus corporate bonds and other fixed income |
| Suggested horizon | Under one year | One to three years (at least 12 months recommended) |
| Minimum to open / top up | KSh 1,000 / KSh 1,000 | KSh 1,000 / KSh 1,000 |
| Initial fee | Zero | Zero |
| Annual management fee (brochure maximum) | Up to 2.5% a year (2024 brochure) | Up to 2.5% a year |
| Management fee actually charged in 2025 | 1.61% (total expense ratio 1.89%) | 1.61% (total expense ratio 1.89%) |
| Free withdrawals | One a calendar month; extra withdrawals KSh 750 each | One a calendar month; extra withdrawals KSh 750 each |
| Interest | Earned and compounded daily | Earned and compounded daily |
| Withholding tax | 15% on interest | 15% on interest |
| How to join | MyBritam app, *778#, website or WhatsApp | Britam app, customer portal or *778# |
Figures for 2025 come from each fund’s audited annual report. The brochures give the maximum fees Britam may charge; the annual reports show what was actually charged.
What each fund invests in
The Britam Money Market Fund aims “to achieve a level of yield while protecting investor’s capital”, according to its 2025 annual report. At the end of 2025 most of its KSh 15.24 billion in assets was in government securities (about KSh 12.9 billion), with KSh 2.25 billion in deposits with financial institutions.
The Britam Bond Plus Fund aims to earn current income while preserving capital, with the ability to create capital appreciation. It invests principally in fixed income securities of various terms issued by governments and companies. Britam’s brochure describes it as low risk and more liquid than owning bonds directly, because bonds can be hard to sell before they mature.
Fees and charges
Neither fund charges an entry fee. Britam’s brochures set the maximum annual management fee at 2.5%. Both 2025 annual reports show an actual management fee of 1.61%, and a total expense ratio (all costs to run the fund) of 1.89%. The yields Britam publishes are already net of these fees but before 15% withholding tax.
Watch the withdrawal rule. Each fund allows one free withdrawal per calendar month, and Britam charges KSh 750 for every extra withdrawal in the same month. If you need to dip into savings often, that charge can cancel out a lot of interest.
Returns and risk
The Britam Money Market Fund’s 2025 annual report shows its yield ranged from a low of 9.63% to a high of 13.61% during 2025. It distributed KSh 1.64 billion to unit holders that year.
The Britam Bond Plus Fund holds longer-dated bonds. When interest rates fall, bond prices tend to rise, which can lift returns. When rates rise, prices fall and returns can drop, so the Bond Plus Fund can have weaker months. Britam warns that past performance does not guarantee future returns and that the right to redeem units may be suspended in certain circumstances. Ask Britam (0705 100 100) for both funds’ current daily and effective annual yields before you invest, and compare them on the same day.
Access to your money
Britam says money in its money market fund cannot be accessed in the first 14 days after you open an account. After that there is no lock-in, and withdrawals reach M-Pesa or your bank within 24 to 48 business hours. The Bond Plus Fund also has no fixed lock-in, but Britam recommends staying invested for at least 12 months so that bond returns have time to work.
Britam Bond Plus Fund or MMF: which to choose?
- Emergency fund or short-term goal (under a year): the money market fund fits better because its value moves less.
- Goal one to three years away (school fees in two years, a plot deposit): the Britam Bond Plus Fund may suit you, if you can accept that returns may vary from month to month.
- Frequent withdrawals: neither is ideal because of the KSh 750 charge after the first monthly withdrawal. An M-Pesa-linked fund may be cheaper; see Ziidi vs Etica.
For more on Britam’s MMF, read our Britam Money Market Fund guide. For how bond-style unit trusts compare with MMFs generally, see MMF vs unit trust.
Frequently asked questions
What is the minimum investment in the Britam Bond Plus Fund?
KSh 1,000 to open an account, and KSh 1,000 for each top-up. The money market fund has the same minimums.
Does the Britam Bond Plus Fund charge withdrawal fees?
One withdrawal a calendar month is free. Each extra withdrawal in the same month costs KSh 750, and the same rule applies to the money market fund.
Which is safer, Britam MMF or Bond Plus Fund?
Both are described as low risk, but the money market fund holds shorter-term instruments, so its value moves less. The Bond Plus Fund is better suited to money you can leave for one to three years.
Are Britam fund returns taxed?
Yes. Interest is subject to 15% withholding tax, and Britam’s published yields are shown before this tax.
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