Banque Misr Mutual Fund in Egyptian Pounds with a daily cumulative return (day by day) Click Here For More Info

General Information

Fund Name

Banque Misr Mutual Fund in Egyptian Pounds with Daily Periodic Returns ("Day by Day")

Fund Type

Money Market Fund

Fund Objective

The fund specifically aims to provide a savings and investment vehicle that offers daily liquidity through cumulative daily returns on invested amounts. These returns are credited to the client’s account with the bank at the end of each day.

Inception Date

August 22, 2004

Subscription & Redemption

Subscription: Requests are accepted daily until 12:00 PM at any Banque Misr branch and executed on the same day.

Redemption: Requests are accepted daily until 12:00 PM at any Banque Misr branch and executed on the same day.

NAV Publishing

• Published every Sunday in Al-Ahram newspaper.
• Published daily on the bank's website.

Fund Manager

CI Asset Management

Financial Information

Minimum Investment

EGP 10,000 (first-time subscription)

Subscription Fees

None

Redemption Fees

None

Investment Strategy

The fund invests in short- and medium-term liquid investments with fixed returns, such as treasury bills, bonds, bank deposits, and savings certificates.