When you invest in a mutual fund on Thndr, the way you earn returns depends on the type of fund:
Distributing funds pay your share of returns directly to your Thndr Wallet as a monthly cash dividend
Accumulating funds keep returns inside the fund, so your gains are reflected in the unit price (NAV) growing over time
This article covers distributing funds — how dividends work, which funds pay them, and when to expect your payout.
Which funds distribute dividends
The following funds on Thndr distribute dividends to holders monthly:
Thndr ticker | Fund legal name |
ATD | Tamayoz |
ZST | Zaldi Star |
If you hold units in any of these funds on the distribution date, you'll receive a dividend automatically — no action needed from you.
All other mutual funds on Thndr are accumulating, meaning you don't receive a separate cash payout. Your returns show up as growth in the fund's unit price instead.
When you receive your dividend
Dividends from distributing funds are added to your Thndr Wallet by the end of the 1st of every month.
If the 1st falls on a weekend or public holiday, the dividend is credited by the end of the next business day instead.
Tip: If you check earlier in the day on the 1st and don't see the credit yet, that's normal. Distributions are processed throughout the day, so check again the following day if you're still waiting.
Where to find your dividend
Once credited, the dividend appears in two places:
Your Thndr Wallet — the cash amount is added to your available balance
Activities — open your portfolio page in the app and check the Activities section for the dividend credit entry, showing the fund name and the credited amount
You can also request a full Account Statement from the My Center section, which will be sent to your registered email.
How dividends affect the fund's unit price
On the day a dividend is distributed, the fund's unit price (NAV) is adjusted downward by the dividend amount per unit. This is normal and does not represent a loss.
Your total value stays the same — the cash you received in your wallet plus your existing units (now at the slightly lower price) equals what you held the day before.
FAQs
Do all mutual funds on Thndr pay dividends?
No. Only Tamayoz (ATD), Afaq (AAF), BDC Fund 1 (BFF), and Zaldi Star (ZST) distribute dividends to holders. All other funds are accumulating, meaning your gains are reflected in the unit price growing over time rather than as a separate cash payout.
Do I need to do anything to receive my fund dividend?
No. As long as you hold units in a distributing fund on the distribution date, the dividend is credited to your Thndr Wallet automatically.
Are mutual fund dividends taxed?
Mutual fund dividends in Egypt are not subject to the same 5% dividend tax that applies to stock dividends. The cash amount credited to your wallet is the full dividend amount.
Will I still receive a dividend if I sell my units before the 1st?
No. You need to be holding units in the fund on the distribution date to receive that month's dividend. If you redeem your units before then, you won't receive a payout for that month.
Can I choose to reinvest my dividend instead of receiving cash?
Not automatically. Distributing funds always pay out in cash to your Wallet. If you want to reinvest, you can manually subscribe to additional units in the fund or any other fund using the cash credited to your Wallet.
Why is the fund's unit price lower after the distribution?
The unit price drops by the dividend amount per unit on the distribution date. Your total value doesn't change — the cash you received in your wallet offsets the price drop. This is the expected behavior for any distributing fund.