The Sanlam Money Market Fund (MMF) is one of the largest and most trusted Money Market Funds in Kenya, managing an impressive Sanlam’s AUM of KSh 92.7 billion, representing nearly a quarter of the entire MMF market, according to the Capital Markets Authority (CMA). Operated by Sanlam Investments East Africa Limited, the fund is designed to deliver capital preservation, daily liquidity, and steady returns, core factors that explain why Sanlam Money Market Fund is a preferred choice for investors in Kenya.
For new investors, navigating how to join and manage the Sanlam MMF can seem daunting. Below is a clear, step-by-step guide covering the application process, withdrawal methods, investment requirements, fees, and returns.
Step 1: Access the Official Sanlam Platform
To begin, visit the official Sanlam Kenya website (www.sanlam.co.ke or invest.sanlameastafrica.com). Here, the Money Market Fund is listed under “Investments” or “Unit Trusts.” The digital application process makes it simple for both local and international investors to join the Sanlam MMF.
Step 2: Complete the Application Form
Download the application form from the “Forms” section. Options are available for individuals, joint accounts, or institutions. Applicants must provide names, contact information, and proof of residence. Corporate or joint applicants are required to submit supporting documents such as board resolutions or company registration certificates.
Step 3: Prepare and Submit Required Documents
Investors must submit:
- A copy of National ID, Alien ID, or passport.
- Proof of residence (utility bill or bank statement within three months).
- Bank account details for transactions.
Applications can be submitted online, via email (Sanlam mmf email: client.services@sanlam.co.ke), or physically at Sanlam offices.
Step 4: Verification and Account Setup
After submission, Sanlam verifies documents and provides confirmation. In case of delays, investors can follow up through Sanlam mmf customer care number: +254 (20) 4967 000 or +254 719 067 000. Once approved, login credentials are provided for the online portal or Sanlam Unit Trust EA app.
Step 5: Fund Your Account
The Sanlam mmf minimum investment is KSh 2,500 for the initial deposit, with subsequent top-ups from as little as KSh 1,000. Payments can be made through M-Pesa (Paybill 222333) or bank transfer. Funds are invested in Treasury bills, fixed deposits, and other low-risk securities.
Step 6: Track Returns and Manage Investments
The current Sanlam mmf yield (or gross return) is around 15.6% per annum, subject to market changes. Returns are calculated daily and compounded monthly. The Sanlam mmf Interest Rate varies with economic conditions, while fees include an annual management fee of between 1.2% and 1.5%. Interest earned is subject to a 15% withholding tax unless the investor holds a KRA exemption certificate.
How to Withdraw from Sanlam Money Market Fund
Investors can access funds daily through two channels:
Option 1: Sanlam Online Portal
- Log in at invest.sanlameastafrica.com.
- Select “Withdraw,” enter amount (minimum KSh 1,000), and choose payment mode (M-Pesa or bank).
Option 2: Sanlam Unit Trust EA App
- Download the Sanlam Unit Trust EA app (available on iOS and Android).
- Log in, navigate to “Transact,” and request withdrawal.
The Sanlam mmf Withdrawal Process allows same-day M-Pesa withdrawals up to KSh 200,000. Larger withdrawals are processed via RTGS or bank transfer within three working days. One free withdrawal is allowed monthly; additional requests attract a KSh 500 fee.
Key Sanlam MMF Investment Facts
- Sanlam mmf minimum investment: KSh 2,500 initial; KSh 1,000 top-ups.
- Sanlam mmf yield / Interest Rate: About 15.6% p.a. (as of August 2025).
- Sanlam mmf annual management fee: 1.2% – 1.5%.
- Withholding tax: 15% on interest income.
- Withdrawals: Daily liquidity, free once per month.
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.