Money Market Fund
صندوق النقد (صندوق السيولة)
A money market fund is a mutual fund that invests in short-term, low-risk instruments such as treasury bills, bank deposits, and short-dated debt. It aims to preserve capital and deliver returns close to prevailing short-term interest rates, with daily or near-daily liquidity. In Egypt these funds — widely offered by banks and often called liquidity or cash funds — publish their NAV daily.
Example
A money market fund holding treasury bills and bank deposits maturing within months sees its unit value grind upward in small increments rather than swing, because short maturities barely reprice.
Why it matters
It is the standard home for money whose amount you want kept reasonably stable and reachable — an emergency reserve, or a sum committed to something in the near future.
A common mistake
Judging one by last year's return. What this category earns tracks prevailing short-term rates minus costs, so last year's figure largely reports last year's rates, not the fund's quality.
Live example from the Egyptian market
Iskan Insurance Money Market Fund Kol Youm's NAV today is EGP 19.93 (as of 12 September 2026), with a +23.64% return over the last 12 months. Details →
Data as of ; refreshes with every session or disclosure.
See it in action