Apollo Money Market Fund

This is short to a medium-term investment product that aims to give a reasonable rate of interest while preserving capital and offering liquidity.


Why the Apollo Money Market Fund? (Features)

This is short to a medium-term investment product that aims to give a reasonable rate of interest while preserving capital and offering liquidity. The fund is suitable for investors seeking an alternative to a fixed bank deposit. The minimum lump sum investment is KES. 10,000 and additional top-ups of KES. 2,000 can be made thereafter. Regular voluntary top-ups can be made by cheque, direct cash deposit, direct debit order or standing order.

The principal investments in this are fund is short term (usually less than 1 year) instruments like bank deposits, commercial papers and Government treasury bills.



CHARGES

There is no initial fee and an annual management fee of up to 2% is charged.

Rate declared will be net of management fee charges. Withholding tax will apply.


The price of shares, and the income therefrom is the collective investment scheme pays dividends, may go down as well as up: and investors are reminded that in certain specified circumstances their right to redeem their shares may be suspended .


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