About Makaseb Money Market Fund - GIG Egypt Takaful Shariah
Makaseb Money Market Fund - GIG Egypt Takaful Shariah is an investment fund profile on SNDUK. This page explains Makaseb Money Market Fund - GIG Egypt Takaful Shariah performance, key fund facts, and investment strategy for investors comparing funds in Egypt.
Makaseb Money Market Fund - GIG Egypt Takaful Shariah is managed by إن اي كابيتال (NI Capital). Fund type: money_market. Fund code: MG2. Assets under management: 197.35 مليون ج.م. Minimum investment: وثيقة واحدة. Inception date: 12/1/2022.
Makaseb Money Market Fund – GIG Egypt Takaful Shariah is a multi-issuance open-ended investment fund established by GIG Egypt Takaful. The fund invests exclusively in short- and medium-term liquid financial instruments that comply with Islamic Sharia principles .. and aims to achieve a daily cumulative return while allowing investors to subscribe and redeem on a daily basis with a high level of liquidity.
The fund consists of two separate issuances, each with independent accounts, and is managed by NI Capital. The second issuance does not include any insurance feature .. resulting in lower associated costs compared to the first issuance.
The fund is permitted to invest in government treasury bills by up to 100% of total investments, short-term certificates by up to 70%, treasury bonds, government sukuk, and Egyptian financing sukuk by up to 70%, in addition to corporate financing instruments issued by companies with a minimum credit rating of BBB, with a maximum allocation of 40%.
The fund may also invest in repurchase agreements by up to 50%, while maintaining liquidity in the form of cash, deposits, and bank certificates of up to 80% of total assets .. supporting the fund’s ability to provide high liquidity and efficient risk management.
Makaseb Money Market Fund - GIG Egypt Takaful Shariah fund details
Makaseb Money Market Fund - GIG Egypt Takaful Shariah is managed by إن اي كابيتال (NI Capital). The asset manager oversees portfolio decisions and fund operations for Makaseb Money Market Fund - GIG Egypt Takaful Shariah.
Makaseb Money Market Fund - GIG Egypt Takaful Shariah is classified as a money_market fund, which shapes its risk profile and investment universe.
Investors can identify Makaseb Money Market Fund - GIG Egypt Takaful Shariah in market data using fund code MG2.
Makaseb Money Market Fund - GIG Egypt Takaful Shariah reports assets under management of 197.35 مليون ج.م.
The minimum investment amount to participate in Makaseb Money Market Fund - GIG Egypt Takaful Shariah is وثيقة واحدة.
Makaseb Money Market Fund - GIG Egypt Takaful Shariah was launched on 12/1/2022, giving investors a track record to evaluate long-term performance.
Makaseb Money Market Fund - GIG Egypt Takaful Shariah performance summary
Return over 1 week: +0.3551%. Return over 1 month: +2.1353%. Return over 3 months: +4.629%. Return over 6 months: +9.7866%. Return over 1 year: +21.4635%. Return over since inception: +97.3374%.
Use this SNDUK fund page to review Makaseb Money Market Fund - GIG Egypt Takaful Shariah returns, manager details, and strategy before investing.
SNDUK publishes Makaseb Money Market Fund - GIG Egypt Takaful Shariah data to help investors compare Egyptian investment funds with transparent performance and fund information.
