Mutual Funds

Money market fund Money market fund
  • Fund Manager: EFG Hermes
  • Start Update: 6/2010
  • IC Face Value: EGP 10
  • IC Price Update: EGP 18.78422 end of 20 Nov. 2024
  • Subscription: Daily without any fees
  • Redemption: Daily without any fees
  • Return: Yearly (accumulated)
  • Investment Policy: Assets are allocated to short-term investments that can be easily liquidated to minimize risks, such as treasury bills, time deposits (TDs), and corporate bonds.

Dividends: Any amount above the face value could be distributed to the IC’s holders in the form of free ICs on December 31st every year.