The Ofogh Roshan Mutual Fund obtained its license for establishment and operation from the Securities and Exchange Organization, on July 28, 2016, in accordance with Paragraph (20), Article (1) of “Securities Market Act”, and paragraph (E), Article (1) of “ The Law for Development of New Financial Instruments and Institutions”. It was subsequently registered with the “State Organization for Registration of Deeds and Properties” according to Article (2) of “The Law for Development of New Financial Instruments and Institutions” and began its operation under supervision of Document Management System, in compliance with the regulations and its Constitutive Document and Prospectus.
Purpose and Strategy of the Fund
The purpose of formation of mutual investment funds is to pool money from investors and investing the same in various types of securities, including shares and preemptive rights of companies listed on Tehran Stock Exchange or Iran Fara Bourse, Commodity Deposit Certificates, Fixed- Income securities, Bank Deposits and Certificates of Deposit, aiming at reducing investment risks, enjoying economy of scale and acting in the best interest of investors.
Professional background of the Fund’s founders and managers:
- Setting up the Mutual Fund in 2016
- Managing the Fund’s portfolio risk by taking positions in derivatives.
Ofogh Roshan Mutual Fund, as a pioneer fund in making investment in derivatives, unceasingly endeavors to control the risks of investors by using such instruments. Amongst the objectives of the Fund is restricting the end-of-quarter investors’ loss to less than 10% of the value of the Units at the start of the quarter.
Bodies of the Fund
- Fund’s registration manager: Middle East Bank Brokerage
- Fund’s trustee: Argham Negar Aria Audit Firm
- Fund’s auditor: Deylami pour Audit Firm (ICPA)
Advantages of making investment in the Fund
- Diversity, liquidity and flowing with the market trend,
- Managing risks by using financial instruments,
- Making returns comparable to market and keeping losses below the index
Minimum and Maximum amount of Investment in Units
The minimum investment amount at any time shall be one unit and the maximum cannot exceed 5% of the total number of fund’s investment units (the investment cap is 500,000 units)
Bank Account details
Account No: 1009-10-810-707071698, Middle East Bank, Africa branch
IBAN (Sheba) No.: IR49 0780 1009 1080 0707 0716 98
Account holder: Middle East Bank Brokerage, Ofogh Mutual investment fund Bank branch: Africa, code 1009
Redemption (Issuance or Cancelation) of Investment Units
- Submission of proof of identity (genuine birth certificate and national card), original investment certificate (to register the cancellation request), filling in the form for redemption of investment units and obtaining redemption (issuance or cancelation) confirmation receipt at the main office of Middle East Bank Brokerage
- Logging into: www.orfund.mebbco.com and filling in the application for redemption (issuance and cancellation) of units on internet
Distribution of Returns to Investors
The investors may earn a benefit or incur a loss from the difference between NAV at the time of investment and NAV at the time of redemption.
For further information please contact us through telephone number: (+9821) 58405 or via www.orfund.mebbco.com