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Disclaimer: Activities in the Egypt market are conducted through Thndr Securities Brokerage, which is a member firm of the Egyptian Stock Exchange and is authorized and regulated by the Financial Regulatory Authority. Registered in Egypt (no. 804).
What is Mubasher Silver Fund (MSI)?
Mubasher Silver is an open-ended mutual fund that invests in certified 999 silver, the official investment-grade silver, and tracks its price movements.
The fund gives you exposure to silver without needing to buy or store it yourself.
Investment guidelines
- Silver metal (50%-95% of the fund)
- Fixed income instruments and liquid investments (5%-50% of the fund)
How do I place my order?
- Open the Thndr app and go to “Explore.”
- Search for “Mubasher Silver” or locate “MSI” under the mutual funds theme.
- Tap on the Mubasher Silver Fund.
- Tap on “Buy” and specify the amount you wish to invest (minimum 11 certificates).
Buying & Selling
During the subscription period:
Mubasher Silver is currently in its subscription phase.
If you place your order during the subscription period:
- Your order status will be Pending
- The value of your order will be held until execution
- You can cancel your order while it is still Pending
- Your order will be executed after the subscription period ends
At the end of the last subscription day:
- Your order status will change to Processing
- Your order will be sent to the asset manager
- You will no longer be able to cancel your order
- The held amount will be deducted once the subscription period is over
After the subscription period
Buy & sell orders are submitted Monday–Thursday with a cutoff time of 12:00 PM.
If you place your order before 12:00 PM:
Your order will be sent on the same day and executed on the next business day at that day’s price.
If you place your order after 12:00 PM:
Your order will be sent on the next business day and executed on the following business day at that day’s price.
Fees
- No subscription fees on buy orders.
- Redemption fees are 4%, amortized daily over one year from the purchase date. After one year, no redemption fees apply.
- Standard Thndr transaction fees apply on every buy and sell order.
Can I redeem my certificates for physical silver?
No, Mubasher Silver Fund (MSI) does not redeem physical silver. Buying and selling takes place through certificates.
Who manages Mubasher Silver Fund (MSI)?
Mubasher Silver Fund (MSI) is managed by Mubasher for Portfolio and Mutual Fund Management, a subsidiary of Mubasher Capital Holding for Financial Investments.
What are the risks?
- Underlying asset risks – changes in the price of silver.
- Supply risks – limited access to silver can impact the fund’s ability to operate efficiently.
- Storage risks.
For more details on the fund’s risk factors, view the fund prospectus here.
