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Ndovu Wealth

Ndovu Fund

Money market fund · Regulated by the CMA

What is this?

Your money is pooled and lent out short term. You can start with KES 500. Ndovu does not say what the fund pays or what it charges each year to run it.

The details that matter for this kind of plan

What the fund paysnot disclosed
Putting money in and outFree
Licensed asA fund manager, by the Capital Markets Authority

What does it cost you?

Taken off each payment you makeNothing
Charge for taking money outNothing
Yearly charge on your moneynot disclosed
  • · Ndovu does not publish a yearly management fee for this fund on either its fund page or its fee page.

What if you stop paying?

Nothing happens. You can stop adding money and what is there stays invested.

What if you need the money early?

Taking money out is free. Ndovu does not say how many days it takes to reach you.

Who this suits

It could work for you if

You have a small amount to start with and you want to put money in and take it out for free.

Think twice if

You want to know what it pays and what it costs before you hand over money. Neither is published.

How openly does this company explain its charges?

DHides more than it shows5 of 12 answered
  • What do they charge you every year?
    Ndovu does not publish a yearly management fee for this fund on either its fund page or its fee page.
  • What is taken off the money you pay in?
    Nothing. They state there is no charge here.
  • What does it cost to get out early?
    No exit penalty is printed in the sources we checked.
  • What is the smallest amount you can start with?
    KES 500.
  • How long is your money tied up?
    They do not say how long you are tied in.
  • Is the advertised return before or after their charges?
    This product does not advertise a return.
  • Do they warn you the return is not guaranteed?
    This product does not advertise a return.
  • Do they tell you what you get back if you stop early?
    You get whatever your money is worth on the day. There is no schedule.
  • Do they list what is not covered?
    This is not insurance, so there is nothing to exclude.
  • Are all their charges published?
    No. 1 charge is mentioned without a figure.
  • Do they say who regulates them?
    Yes — the CMA. That is who you complain to.

This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.

Things to know before you sign

  • · Ndovu's home page advertises a 28.0% average annual portfolio return. That figure is for its whole platform, not for this fund, and this fund's own page gives no rate at all.
  • · Ndovu charges for its plans separately: nothing on Basic, KES 3,000 for Standard and KES 30,000 for Ultimate. That is a charge on you, not on the fund.
  • · Its global funds carry a charge of 4.5%, 4.0% or 2.0% of whatever you put in, depending on your plan. This money market fund does not.

Talk to them

  • Website: www.ndovu.co
  • If something goes wrong, the CMA is who supervises them.

Compared with the others

There are 9 other plans of this kind on the board. See all 10 side by side — what each one leaves you with, and which of them will not say.

Where we got this