Egypt’s financial sector has witnessed significant developments in recent years, with the rise of innovative investment vehicles designed to balance risk and reward in a rather harsh macroeconomic environment. NI Capital’s SIULA Money Market Fund, launched in February 2021, has emerged as a standout performer attracting institutional and retail investors. Structured as an open-ended fund, SIULA invests in short term highly liquid financial instruments such as treasury bills, bonds, and deposits. Its structure is simple yet powerful: to deliver daily cumulative returns, high liquidity, and low-risk profile.
Unlike equity funds, which are exposed to daily market volatility, SIULA focuses on liquid and relatively low-risk assets. This strategy ensures that investors can redeem or purchase the Fund’s certificates on a daily basis, making it an attractive option for both institutional and retail participants seeking flexibility and high returns relative to current accounts.
Since its inception, SIULA has scaled up impressively. Its IPO raised about EGP 1.08 billion, and the fund grew quickly to exceed EGP +10 billion in AUMs within a few years. This spectacular growth reflects both investor confidence and the fund’s management ability to capitalise on Egypt’s debt capital markets instruments to deliver high returns. This dynamic nature of SIULA Fund and its consistent annual performance since it was launched convinced the Jury of International Business Magazine, to award the Fund the “Best Money Market Fund Egypt 2026.”
Siula’s cumulative daily return mechanism and tax-free status are particularly appealing to investors in Egypt’s high-interest-rate environment (As of July 2026, Egypt maintained the benchmark overnight deposit rate at 19.0% and the lending rate at 20.0%). By reinvesting earnings continuously, the management of SIULA Fund compounds value for its investors, aligning its mission to provide steady growth and high liquidity, while maintaining robust risk management measures to minimize exposure to long-term uncertainties.
Scaling Trust: The rapid and consistent growth in AUMs signals strong investor trust in NI Capital’s management strategy, and reinforcing Siula Fund’s credibility in Egypt’s financial sector.
Performance is the Key
Performance is where SIULA excels. By the end of 2025, Siula fund achieved an annual return of 23.68% and a cumulative return since SIULA has been established of 142% over a period of slightly less than five years. The Fund achieved a 24.02% in 2024 return, beating the average Egyptian money market benchmark of 22.33% to 22.50%. These performance metrics are the true strength of the fund.
This outperformance of SIULA Fund has not been accidental. It stems from disciplined portfolio management, careful selection of instruments, and the ability to adapt to Egypt’s evolving fiscal and monetary policies, and financial landscape. For investors, SIULA’s record of accomplishment demonstrates that money market funds can deliver competitive returns while maintaining safety and liquidity. Safety and liquidity are two key drivers of investment for the majority of retail and institutional investors in Egypt. SIULA’s management understand this well.
These attributes have made SIULA a preferred choice for risk-averse investors, whether they were corporates managing short- and medium-term cash flows, or individuals seeking high yield highly liquid alternatives to traditional savings and current accounts. Siula’s management successful delivery on these highly regarded attributes let the jury decide to give the award to the right candidate SIULA.
SIULA offers daily purchase and redemption, higher returns than regular savings and current accounts, full tax-free earnings, and zero transaction fees. Investors can buy and redeem fund certificates through NI Capital Holding for Investment, its Arabeya Online Brokerage arm, Post for Investment; Mubasher Trade, and Telda.
SIULA’s growth underscores the importance of focus in financial institutions. NI Capital’s ability to scale up the fund so impressively demonstrates that disciplined management and transparent strategies can earn investors trust and attract significant investor participation, even in challenging economic climates. For investors, the Fund represents a reliable source of cumulative growth of wealth, offering daily returns with minimal risk and high liquidity. For Egypt’s financial sector, it is a clear expansion in financial instrument offerings that help investors earn a high return on the domestic currency that could reduce the dollarization waves during time of high uncertainty and geo-political turbulence. SIULA is not just faring well – it is setting a benchmark for what money market funds can achieve when purpose, strategy, and disciplined execution align. A well-deserved Award.
Article received via e-mail
