Morocco Money Market Fund Simulator — net return projection

A Moroccan money market fund (OPCVM monétaire) is the most liquid savings product available in Morocco. It invests in short-term instruments — Treasury bills, bank certificates — and offers near-capital preservation with daily redemption. Our simulator projects your net capital after the 20% capital gains tax.

Money market fund vs term deposit: which to choose?

If you need your cash accessible at any time, a money market fund beats a term deposit. But if you can commit capital for 6 months or more and want a contractually guaranteed rate, a term deposit often yields more net of fees. Use our savings comparator to see both side by side.

Who should consider a money market fund?

Money market funds are the ideal solution for parking an emergency fund or short-term cash awaiting redeployment. They suit all investor profiles — from individuals seeking a better return than a current account to businesses managing surplus treasury. Near-immediate liquidity (redemption within 48 hours) makes them the only Moroccan vehicle that combines availability, safety and a return above the savings rate. They are also a recommended starting point before moving into higher-risk products.

How to invest in a money market fund in Morocco?

Subscribe through your bank or directly with an AMMC-licensed asset manager. Leading firms in the money market segment include Attijari Asset Management, BMCE Capital Gestion, CDG Capital Gestion, CFG Asset Management and Wafa Gestion. Minimum subscriptions range from MAD 100 to MAD 10,000 depending on the fund. Compare weekly net asset value performance published by the AMMC before choosing: spreads between fund managers can reach 0.3–0.5 percentage points within the same category.

What is a money market fund (OPCVM monétaire) in Morocco?
A Moroccan money market fund invests in short-term, high-quality instruments — Treasury bills, bank certificates. It offers near-capital preservation with daily liquidity (redemption within 48 hours). It is regulated by the AMMC (Moroccan Capital Markets Authority).
What return can I expect?
Returns are indicative, not guaranteed. In 2025–2026, Moroccan money market funds typically yield 2% to 3% per year before tax, tracking the Bank Al-Maghrib key rate. Performance varies by fund.
What is the tax on money market funds in Morocco?
Capital gains on OPCVM monétaire are taxed at 20% at redemption under the Finance Act 2026. The tax is withheld at source. You keep 80% of the net gain.
Money market fund vs term deposit: which is better?
Money market funds offer daily liquidity and no early-withdrawal penalty — ideal for emergency funds or short-term cash. Term deposits yield slightly more over 6–24 months but lock your capital. Compare both using our savings comparator before deciding.

Other Morocco savings simulators

Term Deposit (DAT) Bond Fund Treasury Bills Equity Fund Full comparator

Sources: Bank Al-Maghrib — key rate and monetary statistics; AMMC — OPCVM regulation and statistics. Calculations are indicative and non-contractual.