Emirates NBD launches "Mazid" Investment Fund, an open-ended Money Market Fund that invests 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.

Benefits & Features

• Daily income Money Market Fund
• Reduced investment risk due to no Equity Exposure
• Investment in Egyptian Pound Only
• Monitor daily performance on Emirates NBD’s website
• Instant liquidity through daily subscription & redemption without fees*
• Professional Management by Hermes Fund Management – a subsidiary of EFG Hermes Holding. FRA License number 71 dated 22/06/1995

Investment Strategy Guidelines

“Mazid” Investment Fund invests locally in a variety of short-term fixed income securities, like:

• Egyptian Treasury Bills
• Egyptian short dated Treasury Bonds
• Time Deposits
• Treasury and Corporate Bonds with minimum credit rating BBB-
• Repurchase agreements and Similar Money Market Funds
• Maximum tenor for investment 396 days

Subscription & Redemption

• Minimum subscription for the first time is 25 Investment Certificates (ICs)
• Subscription available for Retail and Corporate clients (Egyptians and Foreigners)
• Daily subscription and redemption from any of Emirates NBD branch’s network till 12:00 pm
• The customer should have an active Bank account
• Subscription amount to be debited from the client’s account and deposited in the Investment Fund account on same day the request is submitted
• Redemption value will be credited to the client account on the same day of request submission
• Minimum subscription for the first time is 25 Investment Certificates (ICs)
• Daily price of the Investment certificate will be announced through the website of the fund and the bank branches network

Click here to review the full prospectus approved from Egyptian Regulatory Authority under number (440) dated 22/10/2018
Egyptian Regulatory authority licensee number (763)

*Investment Manager: Hermes Fund Management - a subsidiary of EFG Hermes Holding
*Terms and conditions of Fund prospects apply