Makaseb Income Fund

This Fund has ceased operations as of 15th September 2021.

Fund Details

Investment Objective Seeks to provide current income while ensuring the stability of capital. The Fund's secondary objective is to seek income growth over the long term. The Fund aims to achieve its objective by investing in a diversified portfolio of fixed and floating rate investments originating from countries in the GCC, MENA, South Asia and other emerging economies.
Benchmark JP Morgan MECI Index
Fund and Investment Manager Mashreq Capital (DIFC) Limited
Fund Type Open ended fund
Domicile Bahrain
Currency USD
Minimum Subscription USD 10,000; any subsequent investments in multiples of USD 1000
Regulator of Fund Manager Central Bank of Bahrain
Administrator and Registrar Karvy Computershare W.L.L
Custodian Citibank N.A., Bahrain
Auditor Deloitte & Touche, Bahrain
International Legal Counsel DLA Piper Middle East LLP
Valuation Each Business Day
Subscription and Redemption Each Business Day
Notice Periods 2 business days
Subscription Fee Up to 2%
Redemption Fee 3% for redemption within first 3 months; 2% for redemption within 3-6 months; 1% for redemption between 6-12 months
Management Fee 0.75%
Performance Fee 0%
Bloomberg Ticker MAKAINC BI
WKN A0J3RR
ISIN BH000A0J3RR6
Zawya Code MAKINCM.MF
Lipper ID 65038282
Reuters ID LP65038282

Contact Number & Working Hours

  • Contact Number : +971 4 424 4618
  • Call Center Working Hours : Mon to Fri 8:30am - 5:00pm

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Office Address

Mashreq Capital (DIFC) Ltd
Al Fattan Currency House, Tower 1, Floor 1, Office 111
Dubai International Financial Centre (DIFC)
Post Box 1250, Dubai, UAE

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