Table of Contents
What is Granite Fund (GRA)?
Granite (GRA) is a money market fund designed for short-term investing, focusing on generating daily returns, with high liquidity and continuous access to your money, making it a suitable cash management solution.
The fund is available for daily subscription (buying) and redemption (selling)
What does Granite Fund (GRA) invest in?
The fund invests in a portfolio of short-term fixed income instruments, such as T-bills, Short term bonds, securitized bonds and repurchase agreements.
Why should I invest in Granite Fund (GRA)?
Granite (GRA) is suitable for investors looking for a relatively low-risk product with daily access to their money, as it invests in Treasury Bills and provides daily liquidity and continuous access to funds.
Who manages Granite Fund (GRA)?
The fund is managed by Granite Asset Management, and the fund manager is Osama Khairat.
Granite Financial Holding is an Egyptian startup specialized in asset management and operates under the supervision of the Financial Regulatory Authority (FRA) in Egypt.
How do I collect Granite Fund (GRA) returns?
The certificate value reflects the return or profit achieved on a daily basis.
To collect your return, simply sell your certificates.
Is Granite Fund (GRA) Sharia compliant?
The fund is not marketed as Sharia compliant.
Buying & Selling
- Orders received before 1:00 PM are executed on the same day.
- Orders received after 1:00 PM are executed on the next working day.
How to place an order
- Open the Thndr app
- Search for Granite (GRA) or find it under fixed income funds
- Tap on Granite (GRA)
- Tap “Buy”
- Enter the purchase amount – the minimum required is 5 certificates per order
Fees
The applicable fees listed here apply to every buy or sell order.
Fund management fees are included in the certificate price and are not deducted directly at the time of buying or selling. You can view the fund management fee details here.
You can also review the detailed fee list in the fund prospectus.
What are the risks of investing?
- Interest rate risk
- Credit risk
- Liquidity risk
These risks are mitigated through diversifying short-term investments. For more details, please refer to the fund prospectus.
