Money market fund
- Fund Manager:EFG - HERMES
- Start update: 6/2010
- IC Face Value: 10 EGP
- IC Price Update: 11.23160*
- 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 & corporate bonds
- Dividends: Any amount above the face value is distributed to the IC’s holders in the form of free IC’s on 31/12 every year.
* MMF's price after the distribution of an EGP1.40 in the form of free ICs in FY19.