How can we help you ?

PRESS ENTER TO START THE SEARCH

Frequently Asked Questions

can vary depending on the type of mutual fund you invest in, your investment goals, and the market conditions. Here are some key risks associated with mutual funds:
  • Market Risk
  • Credit Risk
  • Interest Rate Risk
  • Liquidity Risk
  • Concentration Risk
  • Reinvestment Risk
It's important to understand the specific risks associated with the type of mutual fund you are considering and to align your investment choices with your risk tolerance, investment objectives, and time horizon.  

Returns represent the total net profits or losses (in some types of mutual funds) achieved against the invested amount during a specific period. To view the returns for the mutual funds offered by the bank

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of capital market instruments, including equities listed on the stock exchange, treasury bills, treasury bonds, or other securities. Each investor in a mutual fund owns shares of the fund, representing a portion of the overall holdings. These shares are referred to as Investment Certificates, symbolizing the investor’s ownership in the mutual funds. The primary objective of mutual funds is to provide investors with access to a diversified portfolio managed by professional fund managers, reducing risk compared to investing in individual securities. Investors benefit from the collective buying power, professional management, and diversification of the fund, which can be difficult to achieve on their own.

Mutual funds come in various types, each designed to meet different investment objectives and risk profiles. The main types of mutual funds include:
  • Equity Funds (Stock Market)
  • Fixed Income Funds (Medium/Long term Debt Funds)
  • Money Market Funds (Short term Debt Funds)
  • Balanced Funds (Hybrid Funds)
  • Precious Metals Funds (Gold/Silver Funds)
 

EFG Hermes Asset Management is the fund manager for Credit Agricole I, Credit Agricole II equity funds and Credit Agricole III money market fund. With over 25 years of experience in the Egyptian market, the fund manager makes investment decisions on behalf of the investors based on through research and close monitoring of market conditions. EFG Hermes Asset Management is responsible for the performance of the funds under its management, as they handle the investment part of the fund.
Access all questions
CAE Mutual Fund Number 3

The Best Vehicle to Invest

CAE Mutual Fund Number 3

The Best Vehicle to Invest

Crédit Agricole Egypt’ s Mutual Fund Number 3 is the best vehicle to invest in Egyptian local government securities, the corporate debt market, and the local money market to achieve your short term investment objectives (1 year or less).

Crédit Agricole Egypt Mutual Fund Number 3 – Performance Snapshot

As of closing: 09 March 2025
Net Asset Value (NAV) – IC Price: EGP 1,041.48
2023 – Performance 16.84%
Year to Date Return (%): +22.27%
Year to Date Annualized Return (%): 12.61 %
Since Inception Return (%): 421.10 %
Since Inception Annualized Return (%): 9.55 %
Dividend Distribution Since Inception (EGP): 1,601.81
Inception Date: June 1999
PAR Value / Issuance Price: EGP 1000
* Updated every Sunday and wednesday (during working days)
NOTE: Rates are updated periodically for indicative purposes only and not obligatory on the bank.
For the latest rates, please contact Crédit Agricole Egypt customer service or visit your nearest branch.

Fund Objective

The overall objective of Crédit Agricole Egypt’s Mutual Fund Number 3 are:

  • Achieve annual returns that exceed banks average annual Time Deposit rates with very low investment risk degree

Benefits & Features

  • Daily income money market fund
  • No subscription or issuance fee or redemption fee [free of any fee]
  • Potential for higher returns compared to short-term bank deposits. In addition to daily interest, investment appreciation is distributed at the end of each year
  • Minimum subscription is 10 ICs
  • Minimum balance of IC’s to be kept at any point of time is 10 ICs
  • Reduced investment risk with no exposure to equities. NAV may fluctuate, however, with changes in the interest rate environment
  • Instant liquidity through daily subscription and redemption
  • High flexibility with funds invested for any number of days at your choice and daily redemptions without prior notice to the bank
  • An account with Crédit Agricole Egypt is required for Mutual Fund purpose [Cannot be used for other bank services]
  • Professional management by Hermes Fund Management Group

Investment Policy

The fund manager can invest in:

  • Egyptian government treasury bills and bonds up to 60% of the fund’s assets
  • Corporate and financial institution bonds up to 25%
  • Short-term near-cash instruments up to 50%

Check the latest Crédit Agricole Egypt Mutual Fund Number 3 performance snapshot

Fund Manager

Hermes Fund Management Group (HFM) is a fully owned subsidiary of EFG-Hermes Group. The group was formed in 1996 after the merger between Egyptian Financial Group and Hermes. EFG-Hermes SAE was floated on the Egyptian Stock Exchange and the London Stock Exchange in 1998. The Asset Management unit manages 26 local and offshore funds, with total assets of approximately USD 4.3 billion, as of September 30th, 2009.

Fees

Subscription Fee

No subscription fee. Clients may subscribe during bank working days between 8:30 A.M. and 12:00 noon. Any client orders placed after 12:00 noon. will be executed on the following business day.

Redemption Fee

No redemption fee. Again, clients can redeem ICs during every bank working day between 8:30 A.M. and 12:00 noon. Any client orders placed after 12:00 noon. will be executed the following business day.

For the Mutual Fund 3 Prospectus click here













    An asterisk (*) means required information.

    Quick links

    See all Quick links

    Conventional housing finance

    Green Finance

    Cash Loans

    Know our tariff - Retail