Sarwa Life Insurance Money Market Fund

Sarwa Life MMF

Price at Closing Date (in EGP)

1.43465

Market value (in EGP)

224.09 mn

Closing Date

28 February 2024

Features

Objective Capital Preservation & Return Accumulation
Fund type Money Market Fund
Investment Guidelines Short -Term liquid fixed income instruments mainly concentrated in Treasury Bills and Short-Term Time Deposits with Central Bank of Egypt regulated banks.
Subscription & Redemption Daily
Fund Currency Egyptian Pound
Initial Investment Certificate Value EGP 1
Minimum Initial Subscription 1000 Investment Certificates
Initial Fund Size (EGP) 100,000,000

Service Providers

Sponsor Sarwa Life Insurance
Manager CI Capital
Co-Manager Sarwa Asset Management
Custodian Arab Bank
Administrator ServFund
Receiving entities CI Capital Fixed Income Brokerage
Auditor KPMG
Tax Consultant ATC
Buy and sell entity CI Capital Fixed Income Brokerage

Fees

Sponsor 0.60% of NAV (Net Asset Value)
Manager 0.25% of NAV (Up to EGP 50mn)
0.30% of NAV (Over EGP 50mn)
Custodian 0.05% of Assets Under Custody
Administrator Max of 0.02% of NAV
Receiving Entity 0.30% of NAV
Subscription / Redemption None

Disclaimer

Prospective investors should review the fund’s prospectus for all the fund details, terms, and constraints before investing in the fund. The fund may not be appropriate for all investors. The fund may be vulnerable to any significant political, economic, or regulatory development. Fixed income investments are subject to interest rate volatility risks. This term sheet should not be construed as an offer, or solicitation of an offer, to buy or sell the fund’s investment certificates mentioned in this document. Whilst it is intended to keep the information updated and accurate, no representations or warranties of any kind, express or implied, about the inclusiveness, reliability, precision, suitability for a particular purpose are made with respect to the term sheet or the information, products and services included in the term sheet for any purpose. By making any use of this term sheet, the prospective investors agree that in no event will Misr Capital or any of its affiliates be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this term sheet.

For more information please contact Misr Capital or Misr Capital Fixed Income Brokerage through on:

 Phone number: 15777 

 Email:  SarwaLifeMMF@sarwa.life