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Banque Misr Mutual Fund - Second Issue - Capital growth Click Here For More Info

 

 

General Information

Fund Name

Banque Misr Mutual Fund – Second Issue – Capital Growth

Fund Type

Open-Ended Capital Growth Fund with Return Distribution

Fund Objective

The fund aims to invest funds to achieve the highest possible investment return while preserving the fund’s capital and minimizing risks through portfolio diversification. This includes equities, government and non-government bonds listed on the Egyptian Exchange, bank deposits, treasury bills, and investment documents in other funds.

Distributions

Returns may be distributed based on the stock market’s performance, the fund’s performance, and the discretion of the investment manager.

Inception Date

September 17, 1995

Subscription & Redemption

Subscription: Requests are accepted daily until 12:00 PM at any Banque Misr branch and executed the next day at the closing price of the submission day.

Redemption: Requests are accepted daily until 12:00 PM at any Banque Misr branch and executed within two business days at the closing price of the submission day.

NAV Publishing

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

Fund Manager

CI Asset Management

Custodian

Arab African International Bank (AAIB)

Auditors

Khaled El Dahawy

 

  

 

 

Financial Information

Fund Size at Launch

EGP 200 million

Banque Misr Contribution at Launch

EGP 10 million for the subscription in the second issue (10,000 investment documents valued at EGP 1,000 each, non-redeemable until the fund’s maturity

Document Offering Price

EGP 1,000 (divided into 15 units, making the nominal value of one unit EGP 66.67 as of November 23, 1997)

Minimum Investment

One document

Subscription Fees

Minimum: One document

Maximum: No upper limit

Redemption Fees

0.75% annually of the document’s redemption value (redemption fee suspended until 30-06-2025).

 

 

Investment Manager Fees

Management Fees

Paid according to the following tiers:

  • Up to EGP 100 million: 3 per 1,000
  • Over EGP 100 million and up to EGP 200 million: 2.5 per 1,000
  • Over EGP 200 million: 2 per 1,000

Performance Fees

15% annually (7.5% to the investment manager and 7.5% to Banque Misr as the founding entity) of the fund’s net profits exceeding the returns calculated on net treasury bills with a 91-day maturity plus a 3% premium

Bank Fees

1% annually of the fund's net assets

Administrative Services Fees

0.05 per 10,000 annually

     

 

 

 

 

 

Investment Strategy

Equities

Minimum 50% – Maximum 95%

Fixed-Income Instruments

Maximum 50%

 

The fund size increased from EGP 200 million to EGP 300 million in March 1997.