About Horas Money Market Fund
Horas Money Market Fund is an investment fund profile on SNDUK. This page explains Horas Money Market Fund performance, key fund facts, and investment strategy for investors comparing funds in Egypt.
Horas Money Market Fund is managed by شركه الاهلي لاداره الاستثمارات الماليه. Fund type: money_market. Fund code: HMF. Assets under management: 805822696. Minimum investment: 10 وثائق. Inception date: 12/1/2022.
Horas Money Market Fund offers a combination of daily liquidity, cumulative returns, and stability, supported by professional management and a conservative investment strategy that relies entirely on money market instruments, making it an effective alternative to current accounts and bank deposits.
The fund’s returns are exempt from income tax for both individuals and institutions in accordance with Egyptian tax law, which enhances the net effective return compared to taxable savings instruments.
The fund allows investors to subscribe and redeem on a daily basis until 12 PM, without imposing any fees on subscription or redemption transactions. Investments are allocated across Egyptian treasury bills, which may reach up to 100% of net assets, bank deposits and current accounts up to 80%, in addition to government and corporate bonds combined at no more than 49% of net assets.
Horas Money Market Fund fund details
Horas Money Market Fund is managed by شركه الاهلي لاداره الاستثمارات الماليه. The asset manager oversees portfolio decisions and fund operations for Horas Money Market Fund.
Horas Money Market Fund is classified as a money_market fund, which shapes its risk profile and investment universe.
Investors can identify Horas Money Market Fund in market data using fund code HMF.
Horas Money Market Fund reports assets under management of 805822696.
The minimum investment amount to participate in Horas Money Market Fund is 10 وثائق.
Horas Money Market Fund was launched on 12/1/2022, giving investors a track record to evaluate long-term performance.
Horas Money Market Fund performance summary
Return over 1 week: +0.355%. Return over 1 month: +1.5175%. Return over 3 months: +4.68%. Return over 6 months: +9.8177%. Return over 1 year: +21.8772%. Return over since inception: +104.9509%.
Use this SNDUK fund page to review Horas Money Market Fund returns, manager details, and strategy before investing.
SNDUK publishes Horas Money Market Fund data to help investors compare Egyptian investment funds with transparent performance and fund information.