AR | Currency | |
|---|---|
| Type | Conventional |
| Investment Manager | |
| Issuer | |
| Outlook | |
| Risk Type | |
| Redemption Frequency | Daily |
| Subscription Frequency | |
| Subscription Fees | 0 |
| Redemption Fees | 0 |
| Min. Subscription Certificates | 25 |
Emirates NBD Money Market Fund – Mazid
2,020.51EGP
Emirates NBD Money Market Fund – MAZID invests in fixed income; mainly treasury bills and short term time deposits.
Past Performance
Year to Date
14.11%
1 Year
20.65%
5 Years
82.56%
Since Inception
102.05%
Inception Date
13-Dec-18
Last Price Date
01-Sep-24
Investment Strategy
Emirates NBD Money Market Fund – Mazid: is an open-ended fund invests in Egyptian Treasury Bills Egyptian short dated Treasury Bonds up to 100%. Time Deposits up to 90%. Treasury and Corporate Bonds with minimum credit rating BBB- up to 20%. Repurchase agreements and Similar Money Market Funds up to 40%. Maximum tenor for investment 396 days
Fund Objective
Investing in a variety of short-term debt securities such as treasury bills and bonds & Time deposits. This diversification aims to maximize returns with the highest liquidity and minimum risk, while the redemption of the Fund’s Investment Certificates are on a daily basis.
