Winner Iranian Mutual Funds has been announced!

Market News

– Following the non-stop advancement of Iranian capital market, the atmosphere of Iranian Mutual Funds is greatly positive and said funds have returned their investors handsomely over 1397 (2018/19) Q3. Since the access to Iranian capital market is more eased via mutual funds, foreign investors are now more leaned to participate in such schemes. The below tables are to demonstrate details of “different types” performances amid 180 active funds in Iran:

Iranian Mutual funds performed handsomely!

Market News

– According to a report on Iranian mutual funds performance, the total asset under management of said funds (AUM) reached more than IRR 1,530,000 bn (USD 36.43 bn) pooled from near 2,300,000 investors. Exempting from tax on a round trip (issuance and redemption) along with giving investors the power to exit anytime with lowest possible cost are among the factors made mutual investment rather popular among people. The below table demonstrate best performing funds of Apr/May 2018.

CBI rescue package effects on

Iranian mutual funds analyzed!

Market News

– Just a month shy from the Persian year 1396 (2017/18) and due to unleashed volatilities of the FX market, Iranian central bank proposed a rescue package aiming to dry the wandered cash in hands of the society. Now months after the CBI’s decision, effects of the plan have been analyzed by “RasamFunds”. Below tables show the inflow/outflow streams to/from Iranian mutual funds in different periods. The conclusion is that whilst the rescue package drained the total AUM of said funds, the equity portion of their portfolios has shown growth.

Iranian mutual funds now capped!

Market News

– In its latest reports, the Securities and Exchange Organization of Iran announced the new rules regarding the formation of new Iranian mutual funds. Equity funds’ cap at the time of establishment was set at IRR 5,000 bn (cUSD 119 mn); exceeding this figure requires the passage of 1 year after the fund operation. Balanced and Fixed-Income mutual funds’ cap was also set at IRR 100,000 bn (cUSD 2.38 bn), whose increase also needs permission from the High Council of Securities and Exchange. This new set of rules seeks the purpose of managing and controlling the cap limit of Iranian mutual funds active in the capital market in order to grow in line with the market growth and the capacity of monetary and financial markets.

Banks are no longer allowed to sit as registrar on Iranian mutual funds!

Market news

– In an attempt to make amends for Iran’s banking sector, Securities and Exchange Organization of Iran banned banks to act as the registrar of Iranian mutual funds anymore. In this vein, banks and credit institutes whose are already carrying out the registrar spot for mutual funds shall plan for an immediate transfer of the position. The central bank of Iran made clear before that banks are not allowed to issue or redeem mutual funds investment units.