Ndovu Wealth Limited launched its Money Market Fund, Ndovu Fund after getting regulatory approval in March of this year.
The Ndovu Fund has a minimum investment requirement of Ksh500. It links investors to stable, flexible, low-risk investment options with competitive returns.
A money market fund is a mutual fund that invests in highly liquid short-term debt instruments and cash equivalents. Thus, MMFs have relatively low risks compared to other investments, including mutual funds.
Ndovu Fund will invest in low-risk options, including treasury bills, treasury bonds, and high-quality commercial papers. The strategy allows investors to earn lucrative yields while maintaining liquidity.
“We are fostering a culture of saving and investing in Kenya. With this fund, we’re empowering Kenyans to take control of their financial future by offering a platform to start investing, diversify their portfolios, and meet their long-term goals—all while earning competitive returns,” said Radhika Bhachu, CEO and Co-founder of Ndovu Wealth Limited.
“As we continue to make investment opportunities more accessible, our commitment remains to empower Kenyans to grow their wealth both locally and globally in a secure, convenient, and simple way,” she added.
Founded in 2021, Ndovu Wealth Limited aims to provide investors with access to high-performing investment opportunities and the financial education and tools they need to generate wealth.
The Ndovu Fund will be managed by a team of seasoned professionals who will ensure investments are secure during market volatility.
MMFs currently rank top among the most popular investment vehicles in Kenya. Ndovu joins over 50 approved unit investment schemes in the country.
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