AGAH Mutual Fund Fact Sheet
On August 08, 2018, Agah Mutual Fund, a mutual investment fund managed by Agah Group, celebrated its 10 years of asset management achievements with an astonishing cumulative return of +3,200%! Agah fund was among the very first Iranian investments funds which established right after the ratification of primary rules of law addressing that Iran Capital Market can grow by bringing new instruments in to play. “Off the charts” performance of Agah Mutual Fund is an excuse for this article demonstrating the latest status of Iranian Mutual funds.
“Iran Fara Bourse deputy admission and issuers announced that the very first Iranian VC Fund of Funds will be launched on the exchange soon. Apparently, the SEO has been ratified the sample prospectus and AoA of this suggested FoF and the vehicle is to be established as a limited partnership with the sole purpose of investing in other Iranian listed VC funds and not to have any managerial intentions there.”
This article has been written originally in Farsi by donyayebourse.com
The unleased hike of USD/IRR and Bahar Azadi gold coins in Iran Economy to their all-time record high has raised unanswered questions in minds of ordinary people let along the economic experts. Despite all the attempts to blame non-economic factors and conspiracy theories for the national currency collapse these days, a closer look at “complex systems” theory will bring the reality into our eyes. Moreover, a scientific approach to the current situation reveals alarms for policymakers with regards to the future of this market.
The fever of establishing a knowledge enterprise or a tech startup is crawling amid Iranian entrepreneurs (Iranian Startups) and despite their chances for success or failure, it is now recognizing as a trend in the nation. Considering its “not that much” old history and traction the industry has in Iran, there are pitfalls which both idea owners and VC investors must look for. New terms and phrases are now coming to the Iranian Startups ecosystem and sometimes they are confusing enough for all participants to lead them either make a wrong path for their businesses or a regretful investment decision.
In our last article about Iran’s SME market, we approached the matter with a hint of introduction and generalities. Now, we are going to depict a clearer picture of all the practicalities one needs to know before entering the market.
Iran Alternative Investment Ecosystem is considered as a toddler contrary to what the advanced world has achieved so far. This is direr for Iranian Startups with a lifetime of less than a decade, however, some of them have reached acceptable levels considering all the limitations and impediments towards their way, yet there are issues that need most imminent attention of all participant or in near future we will face a load of failed startups and their frustrated founders whom once was young and restless!
– Following the recent policies about making a secondary market for exporters to provide their FX revenues on a fair market price to importers, yesterday, the first trade of said kind was carried out Iran FX Secondary Market at USD/IRR rate of 75,230.
– In an attempt to support the pouring money sources into Iran Stock Market, the economy coordinating high council has decided to lower taxes on equity sales by 80%. Traders were obliged to pay 0.5% tax upon the sale of their equities before and now the figure reduced to only 0.1%.
– Iranian food industry is to utilize the capacity of Iran Capital Market covering its financing needs by issuing Islamic Corporate Sukuks. Tomorrow, Kourosh food industry co. (a private joint stock firm) will publish IRR 500 bn (USD 11.8 mn) worth of Murabaha Sukuks on Iran Fara Bourse. The securities are going to be mature in 2 years and have an annual yield of 16%. Mellat Investment Bank is the underwriter and book runner of these securities while Mellat Bank will act as the guarantor to this issue.