Banque Misr third Mutual fund with cumulative return and periodic distribution
General Data
Fund Name
Fund Category
Equity Fund
Investment Objective
Maximization of capital gains and periodic returns to be distributed to holders of the Fund certificates issued by the Mutual Fund, through investing in a diversified portfolio of local and international securities consisting of shares and bonds.
Dividends
Semi Annualiy
Inception Date
11 December 1997
Subscription & Redemption
on Wednesday by the end of day price of Thursday and the transactions are implemented on the first working day of every week.
NAV Publishing
On first day of business week at Alahram newspaper
Fund Manager
Misr Capital (SAE)
Custodian
Banque Misr
Auditors
MRI (Mustafa Shawky & Partners) & KPMG ( Hazem Hassan )
Financial Data
Fund Size at Inception
EGP 100 million
Seed Capital by Banque Misr
EGP 10 million
Initial NAV per Certificate
EGP100
Minimum Subscription
1 Certificate
Fund manager fees
1- Management Fees
0.45% annually from Net Asset Value ( NAV)
2- Performance Fees
7.5% of annually from Net profit above 91 day T-bills yield
Bank Fees
0.45% annually from Net Asset Value (NAV)
Subscription Fees
none
Redemption Fees
1% of the redemption price (NAV) payable to the fund
Assets Allocation
Allocation Equities %
Max. Allocation:(90% of total assets)
Allocation Bonds %
Max. Allocation: (60% of total assets)
Securities per Issuer
Max. Allocation: (10% of total assets) & (15% of issue)
Securities per Sector
Max. Allocation: (30% of total assets)
Funds issued by other banks
Max. Allocation: (10% of total assets) exceeding ( 5% of the issue )
Funds Issued by Other Banks
**The nominal value of the certificate became LE100 after a split of 10:1
Fund components and investment manager performance
