Net Asset Value (NAV)
صافي قيمة الأصول
Net asset value (NAV) is the value of a fund’s total assets minus its liabilities, usually expressed per unit or per share. It is the price at which investors subscribe to or redeem mutual-fund units. Egyptian mutual funds publish updated NAVs on their dealing days, most commonly daily or weekly.
Example
A fund holding 200 million EGP of assets with 4 million EGP of liabilities has 196 million EGP net. Divided by 20 million units, the NAV is 9.80 EGP per unit — the price at which units are issued and redeemed.
Why it matters
NAV is what makes a fund's price honest: it is computed from what the portfolio is actually worth, not negotiated between buyer and seller. It is also already net of the management fee, which is deducted inside the fund.
A common mistake
Comparing two funds by their NAV per unit. A 100 EGP unit is not more expensive than a 10 EGP unit — it just means fewer units were issued for the same money. Only the percentage change in NAV is comparable.
Live example from the Egyptian market
Pharos Investment Fund 1's NAV today is EGP 821.70 (as of 9 September 2026), with a +86.47% return over the last 12 months. Details →
Data as of ; refreshes with every session or disclosure.
See it in action