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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.
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Housing Finance Program – 3%

Personal Documents

Income Documents

Egyptian Employee (Crédit Agricole Egypt Payroll customer )

  • HR letter waived

Egyptian Employee (none Crédit Agricole Egypt Payroll customer)

  • Original HR letter addressed to Crédit Agricole Egypt dated and stamped
  • Original bank statement for the previous three salary transfers (stamped and signed)

Employed with no salary transfer (with cash payment)

  • Original HR letter addressed to Crédit Agricole Egypt dated and stamped
  • Original salary slips of the last three consecutive months stamped and signed stating the applicant name, income, hiring date and his title

Business Owners

  • Original bank statement for the previous twelve-month salary transfers (stamped and signed)
  • Commercial register (issuance date within the past three months)
  • Valid tax card
  • Company’s establishment contract \ company article of association and any updates

Professionals

  • Original bank statement for the previous twelve-month (stamped and signed)
  • Valid tax card
  • Profession Permit
  • Syndicate membership card

Medical Sector

  • Syndicate card + operating license or establishment license
  • Valid tax card
  • Chartered accountant certificate with net\ gross income
  • HR letters from hospitals (if applied)
  • Chartered accountant \ syndicate card
  • Copy of CBE registration to the charted account (if available)
  • Physiotherapist:
    • Syndicate card + operating license or establishment license
  • For Lab Owners and Veterinarians
    • Operating license or establishment license
    • Official extract of medical chemists – Ministry of Health and Population
    • License issued by the Ministry of Health and Population for a medical laboratory

Pensioner or Beneficiary

  • Copy of pension slip issued from social insurance or bank statement showing the pension transfer ( Pension must be transferred to Crédit Agricole Egypt)

Unit Documents

Registered Unit

  • Copy of unit registered contract
  • Unit real estate tax
  • transfers for and by the seller (Form 19) – Available at the Real Estate Registration Authority in whose jurisdiction the property is situated – Dates as from the date of the registered contract – The Customer has to bring it and revised by Legal Department – This is in order to verify that the property is in the seller’s name and has not sold or mortgaged it
  • Copy of seller valid national ID or passport
  • WGS 84 form

Unit eligible for registration (Buying from the Land Owner)

  • Copy of land registered contract for land (from seller)
  • Certified copy of building license for the property
  • Declaration of the units allocated share in land plot
  • A certificate of real estate ownership transfers for and by the seller (Form 19) – Available at the Real Estate Registration Authority in whose jurisdiction the property is situated – Dates as from the date of the registered contract – The Customer has to bring it and revised by Legal Department – This is in order to verify that the property is in the seller’s name and has not sold or mortgaged it
  • A certificate from the Real Estate Tax Authority in whose jurisdiction the property is situated – This certificate must be in the seller’s name as in the ownership contract (in order to allow the transfer of ownership in the Customer’s name) – To be provided by the seller or a certificate indicating the non-existence of real estate taxes to date
  • WGS 84 form
  • Copy of seller valid national ID or passport

Unit in new urban communities (Buying from the Land Owner)

  • Land allocation
  • Building License
  • Authority in whose jurisdiction the property is situated – This certificate must be in the seller’s name as in the ownership contract (in order to allow the transfer of ownership in the Customer’s name) – To be provided by the seller or a certificate indicating the non-existence of real estate taxes to date
  • Non-objection certificate to mortgage the building issued from the relevant authority/entity
  • Copy of seller valid national ID or passport

Unit in a compound allocated by New Urban Communities Authority  (NUCA) or the Tourism Authority

  • Land preliminary contract
  • Land allocation ministerial decision
  • Land financial current status
  • Commercial register (issuance date within the past three months)
  • Tax Card
  • Article of association and its amendments
  • A certificate of real estate ownership transfers for and by the seller (Form 19) – Available at the Real Estate Registration Authority in whose jurisdiction the property is situated – Dates as from the date of the registered contract – The Customer has to bring it and revised by Legal Department – This is in order to verify that the property is in the seller’s name and has not sold or mortgaged it.
  • Unit preliminary contract
  • Building License
  • Copy of seller valid national ID or passport

Unit in a compound in NUCA (within the approved list in CAE)

  • Unit preliminary contract
  • Copy of seller valid national ID or passport