Banque Misr Capital Guanateed Fund (Sandouk El Omr) | |
General Data | |
General Data |
Fund Name |
Banque Misr Capital Guanateed Fund (Sandouk El Omr) | |
Fund Category |
Accumulated - Capital Guaranteed Fund | |
Investment Objective |
Diversify investments across a carefully allocated mix of stocks, Bonds and Short term money market instruments. The Fund is Capital Guaranteed after 3 yrs. | |
Distributions |
Accumulative Fund | |
Inception Date |
2 October 2003 | |
Subscription & Redemption |
Subscription : Daily before 12:00 PM from any of BM branches / Redemption: Before 12:00 PM on first day of Business week from any of BM branches | |
NAV Publishing |
On the first business day of the week at Alahram Newspaper | |
Fund Manager |
Misr Capital (SAE) | |
Custodian |
Arab African International Bank
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Auditors | Mostafa Shawky Mazarz Office - Rashed & Badr Office PKF | |
Financial Data | |
Financial Data |
Fund Size |
EGP 200 million | |
Seed Capital by Banque Misr |
EGP 12.5 million | |
Initial NAV per Certificate |
EGP 100 | |
Minimum Subscription |
1 Certificate | |
Fund manager Fees |
The fees are settled according to the following segments: | |
1- Management Fees |
LE 10 MM : 0.2% annually of Net Asset Value (NAV) Above LE 10 MM : 0.6% annually of Net Asset Value (NAV) | |
2- Performance Fees |
8%of annually from Net profit above 91 day T-bills yield +2% (in case of not issuing of 3m Treasudy bills , they can be replaced by Banque Misr average return of 3 months deposits) | |
Bank Fees |
0.8% annually from Net Asset Value ( NAV ) | |
Subscription Fees |
none | |
Redemption Fees |
1-3 Yrs: .25 % / after 3 Yrs : Zero | |
Assets Allocation | |
Allocation |
Allocation Equities % |
Max.Allocation: (30% of NAV) | |
Allocation Fixed Income % |
Min.Allocation: ( 70% of NAV) | |
Securities Per Issuer |
Max. Allocation: (10% of NAV) & (15% of issue) | |
Securities Per Sector |
Max. Allocation: (30% of NAV) | |
International CD's |
Max. Allocation: (20% of NAV) | |
Funds Issued by Other Banks |
Max. Allocation: (10% of NAV) & (5% of issue) | |
Fund components and investment manager performance
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