Regulated by Capital Markets Authority and the Office of the Data Protection Commissioner Kenya
Ndovu Fee Structure
Last update: 13 February 2024
App Usage
Sign-up and unlimited usage of the Ndovu app
No charges
Subscription
Basic plan
No charges
Standard plan
KES 3,000
Ultimate plan
KES 30,000
Transaction Fees
Deposits
No charges
USD bank transfer withdraws
USD 9.00
All other withdraws
No charges
Investment Fees
Global funds for users on basic plans
4.5% on investment amount when investment is made
Global funds for users on standard plans
4.0% on investment amount when investment is made
Global funds for users on ultimate plans
3.5% on investment amount when investment is made
Local bonds for all users
0.375% twice per year on invested mount
Money market funds for all users
No charges
Disinvestment Fees
All funds
No charges
Notes
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Global funds include the following funds: Blue Chip, Chinese Dragons, Futurist, Gold, Halaal, Kings of Blockchain, Microchips, and The Techie. Ndovu is always seeking new global funds that provide the return-risk profiles our users want. This list may vary as new funds are introduced and existing funds removed.
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Bond funds include all infrastructure bonds.
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Money market funds include the Ndovu Fund.
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Cash funds include Ndovu Fund, Ndovu Fixed Deposit and Ndovu Prime (USD).
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This includes KES to EUR and GBP, USD to KES, EUR and GBP, EUR to KES, USD and GBP, and GBP to KES, USD and EUR.