Skip Ribbon Commands
Skip to main content

Banque Misr Mutual Fund in Egyptian Pounds with a daily cumulative return (day by day)

​​​

 

   

Banque Misr Mutual Fund in Egyptian Pounds with a daily cumulative return (day by day)

General Data

 

 

 

 

General Data

Fund Category

Banque Misr Mutual Fund in Egyptian Pounds with a daily cumulative return (day by day)

Investment Objective

The Fund’s objective is to provide investors with daily liquidity   through calculating a daily return of the invested money which is added daily to the customers account at the end of every day . Its objectives are achieved through diversifying its investments in secure high-yielding short-term interest-bearing instruments. It invests in short and medium term investments such as sovereign bonds, treasury Bills, notes, bonds and bank deposits, certificates of deposits, corporate bonds, and other EGP securities .

Distributions daily

Accumulated return

Inception Date

22 August 2004

Subscription & Redemption

Daily before 2PM from any of BM branches with the same day price

 NAV Publishing

On first day of business week at Alahram newspaper

Fund Manager

Misr Capital (SAE)

Custodian

Arab African International Bank

Auditors

Saleh,Barsoum & Abdel Aziz (Delloite) - Hazem Hassan (KPMG)

Financial Data

 

 

 

 

 

 

 

 

 

Financial Data

Fund Size at Inception

L.E 200 Million

Seed Capital by Banque Misr

EGP 10 million

Initial NAV per Certificate

EGP 10

Minimum Subscription

EGP 10000

Fund manager fees

 

 

 

Management Fees


 

The investment manager shall be entitled to monthly fees amounting to %0.26 (twenty six hundredths) annually from net Fund assets, in return for managing the funds. Said commission shall be reserved daily and remunerated at the conclusion of each month; provided that the fees allocation is approved by the Fund's controllers in the periodic audit.

Performance Fees

none

 

 

Bank Fees


 

The founding entity shall be entitled to commissions – in return for the bank's rendering of services for both the Fund and the underwriters – amounting to %0.3 (thirty hundredths) annually from net Fund assets. Said commission shall be reserved daily and remunerated at the conclusion of each month; provided that the fees allocation is approved by the Fund's controllers in the periodic audit.

Marketing fees

0.25% of NAV

Other fees

 

Subscription Fees

Individuals: LE 85                      Corporates: LE 485

Redemption Fees

0

 Allocation

 

 

 

Allocation

Allocation of Cash %

Max allocation 60% of total assets

Allocation of Treasury Bills %

Max allocation 75% of total assets except in case the return on treasury bills in more than the deposits return.

Allocation of Treasury Bonds %

40% of total assets

Allocation of Saving Certificates %

40% of total assets

Allocation of Corp. Bonds

30% of total assets( 20% max. for each ) with credit rating - BBB at least

Securities Per Issuer

max allocation: (10% of total assets) & ( 15% of Issue )

Funds Cert. Issued by other Banks

max allocation: (10% of total assets) & ( 5% of Issue )

 

Back​​​