Fund Overview

The Fund seeks to invest in money market instruments to increase its net asset value, maintain a high level of liquidity, and provide attractive returns compared to similar investments. The Fund seeks to provide enhanced returns compared to KD fixed deposits while maintaining weekly liquidity.

 

Fund Objective

The Fund’s strategy is to invest in money market instruments such as bank deposits, Sukuk and/or bonds issued by the governments of the Gulf Cooperation Council countries or issued under their guarantee, any bonds and/or Sukuk that are BBB rated or better, and other money market funds.

Fund Facts

Fund Type Money Market Fund

Fund Structure Open-Ended

Risk Categorisation Low Risk

Currency KWD

Subscription Redemption Weekly

Minimum Initial Subscription KD 1,000

Fund Manager Ahli Capital Investment Company K.S.C.C.

Investment Controller/Custodian Kuwait Clearing Company

Subscription Fee None

Management Fee Up to 1%

External Auditor Bader A. Al-Wazzan –Deloitte & Touche Al Wazzan & Co

NAV 1.0128169 as of 11.03.2025

Fund Managers

Talal Bader AlOthman

Talal Bader AlOthman

Member of the Fund's Executive Committee
Rajesh George

Rajesh George

Member of the Fund's Executive Committee
Khaled Adel Al-Duaij

Khaled Adel Al-Duaij

Member of the Fund's Executive Committee
Wajih Al-Boustany

Wajih Al-Boustany

Member of the Fund's Executive Committee
Ali Atesh

Ali Atesh

Member of the Fund's Executive Committee

Fund Factsheets

 January 2025
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 February 2025
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