Manage your savings with peace of mind thanks to our extensive range of mutual funds

Your needs

Find a home for your short-term cash

Find a home for your short-term cash

Do you want to earn interest on your surplus cash while being able to access your money at any time? Our range of money market and short-term fixed income funds provide an ideal home for your short-term cash, enabling you to preserve your capital while being able to access it at any time.

Optimise your medium-term savings

Optimise your medium-term savings

Grow your medium-term savings by investing in the bond market. We propose a range of medium-to-long-term funds investing in Treasury bonds and negotiable debt securities. By investing in our medium-to-long-term fixed income funds, you will benefit from regular income over the medium term with the risk of capital loss contained.

Diversify your portfolio and optimise performance

Diversify your portfolio and optimise performance

If you want to benefit from an optimal combination between bonds and equities, then opt for a balanced fund. Whether you are a conservative, balanced or dynamic investor, our range of balanced funds will enable you to take advantage of the most attractive market opportunities while reducing risk over a medium-to-long-term horizon.

Boost your capital by investing in equities and benefit from tax incentives

Boost your capital by investing in equities and benefit from tax incentives

Do you want to grow your capital over the long term? Maximise your investment performance by choosing from our range of equity funds and benefiting from our recognised expertise in equities. Choose an equity investment strategy which suits you: growth, value, index-based, thematic or opportunity-driven. Our equity funds are eligible for equity savings plans, enabling you to benefit from tax exemption on capital gains if held for more than five years.

Build up a nest-egg for your children

Build up a nest-egg for your children

Do you wish to gradually build your capital? Make regular or programmed savings into one or more of our mutual funds and see your capital gradually grow for you and your children.


Conviction-based investing

Conviction-based investing

Do you want to invest in socially responsible investment solutions, social investment funds or sharia-compliant funds? Choose our SRI (socially responsible investment) fund, which incorporates sustainable development criteria when selecting investments. You might prefer a fund that supports social initiatives or invest in a sharia-compliant fund.

What the experts say

Our experts provide you with their insight to guide you in your investment choices

Innovation : Launch of four new Funds Watch all videos


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Tax regime for mutual funds

More information


  • On realising capital gains when redeeming shares in mutual funds.
  • On income received (dividends or coupons) generated by income funds.

The tax provisions are as follows (excluding equity savings plans):

Learn about opcvm direct


More information


  • Ask at your local BMCE Bank branch.
  • Contact your BMCE Capital Gestion investment advisor.
  • Place an order directly via OPCVM Direct.


You may subscribe for either a specific number of shares in a mutual fund or a specified amount in dirhams.


You may subscribe prior to 10.30 am daily in the case of funds that are redeemable on a daily basis or prior to 10.30 am on Fridays in the case of funds that are redeemable on a weekly basis.


  • You may contact your BMCE Bank account manager or BMCE Capital Gestion investment advisor to request an order confirmation, a copy of your investment account, a statement or a detailed report of your investment portfolio.
  • You may also monitor the performance of our mutual funds via our website.
  • Or by signing in to your OPCVM Direct account.
  • You may register to be on our mailing-list by sending us a request at the following address:




Capital Gestion is a limited company (société anonyme) with a share capital of MAD 25,000,000. Its head office is located at 63 boulevard Moulay Youssef, Casablanca, Morocco. The company is registered in the Casablanca Commercial Register with the number 77,973. BMCE Capital Gestion is an asset management company operating in the Moroccan market in accordance with the provisions of (i) the dahir constituting Law No. 1-93-213 of 4 Rebia II (21 September 1993) relating to Mutual Funds as amended and subsequently complemented by (ii) the provisions of the circulars of the Autorité Marocaine du Marché des Capitaux, Morocco’s financial industry regulatory authority.


The information published on this website is for information purposes only and is not legally binding. BMCE Capital Gestion reserves the right to modify the content and its commercial offers at any time. BMCE Capital Gestion endeavours to ensure that the information published on its website is accurate at the time of publication and that it is regularly updated. However, BMCE Capital Gestion cannot be held liable as to the accuracy, exclusivity and use by any individual or legal entity of the information provided. The purpose of this website is to present BMCE’s business and the products and services that is provides to investors. The following pages contain information which should not be construed as a solicitation to individuals or legal entities that are not financial sector professionals or those unfamiliar with market practices. The latter are advised to refer to legal documents relating to the investment in question and to seek the advice of a professional advisor of their choice. BMCE Capital Gestion advises all interested investors to carry out a prior check to ensure that they are legally authorised to subscribe for the products and services described on this website. The following pages will feature only those mutual funds whose sale is authorised in Morocco. The factsheets of the mutual funds approved by the AMMC (Autorité Marocaine du Marché des Capitaux) , Morocco’s financial industry regulatory authority, are available on this website and shall also be provided by investment advisors upon request. It is essential to study a fund’s factsheet in order to understand the type of instrument, the subscription terms and conditions as well as any possible sale restrictions. The tax implications regarding investment in fund units or shares vary according to each investor’s personal situation and may be revised. It is mandatory to make the fund factsheet available to subscribers prior to their initial subscription. All legal documents relating to BMCE Capital Gestion’s mutual funds may be obtained upon request. It is important to note that the price of a fund’s units or shares is linked to financial market trends and therefore fluctuates. Past performance is not indicative of future returns. The performance data presented is for information purposes only and does not exclude the possibility of error and/or omission by BMCE Capital Gestion and/or application malfunctions.


To be able to place orders via OPCVM Direct platform, the Client is obliged to sign an agreement (hereafter referred to as the 3OPCVM Direct agreement’) with BMCE Capital Gestion. The OPCVM Direct agreement specifies the general terms and conditions applicable for sending and receiving client orders through OPCVM Direct platform and BMCE Capital Gestion’s handling and execution of those orders.


The information generated by BMCE Capital Gestion through its simulator is provided for information purposes only. It is valid only at the time of publication. The simulations do not take into consideration subsequent amendments, if any, to the laws and regulations in effect at the time of the simulation. Moreover, the data used to carry out the simulation may change between the time the simulation is carried out and the completion of the order. Aimed at the entire range of clients, the information provided by the BMCE Capital Gestion simulator does not take into consideration the specific situation of each individual accessing the website as it is intended to be general in nature. The information is generated based on the data provided by the client and information obtained from the markets. The Client should therefore regard the estimates and other items as purely indicative. The information generated by the simulator does not under any circumstance exempt the user of the simulator from consulting our investment advisors particularly to ensure that their specific situation is taken into consideration. It cannot under any circumstance be considered as an offer or a personalised and direct solicitation to subscribe to al fund. It is not legally binding in any way on BMCE Capital Gestion or the user of the website, who is required at all times to appraise the information based on his/her own situation. The person using the website remains solely and entirely responsible for using this information and the consequences of his/her decisions.


The videos available on the website have been provided for the sole purpose of providing general information and cannot be considered as a substitute for (i) studying the legal documentation relating to each investment vehicle and (ii) consulting your own legal and financial advisors prior to investing. The aforementioned videos have been made for information purposes only and cannot be regarded as a sales offer or a solicitation to buy any financial instrument referred to in these videos. BMCE Capital Gestion has not produced the videos for the purpose of providing financial or investment advice and does not claim that the securities or services referred to in the videos are suited to every type of investor. The videos must strictly be considered as solely expressing the views of their authors.


The BMCE Capital Gestion website is accessible 24/7, except in exceptional circumstances, in the event of IT breakdowns or problems related to telecoms networks. The website may also be partially or completely inaccessible due to maintenance. BMCE Capital Gestion will endeavour to inform users but cannot be held liable in the event that the website cannot be accessed.


The entire content published on the website is legally protected in respect of literary, artistic and industrial property. The text, illustrations, photos, videos and animations including the downloadable documents are the property of BMCE Capital Gestion or are used by the latter with the consent of those owning the rights. It is strictly forbidden to reproduce or represent this information, either partially or entirely, on any medium whatsoever without obtaining the prior written consent of BMCE Capital Gestion. The brands/trademarks, logos, slogans as well as the product names are the property of BMCE Capital Gestion and may be used only after obtaining authorisation. Any reproduction or use of the material without the prior written consent of BMCE Capital Gestion may have legal consequences for the user and is liable to be regarded as an infringement.


BMCE Capital Gestion cannot be held legally responsible with regard to the content of third party websites to which users of its website are directed by clicking on embedded links. BMCE Capital Gestion is not legally liable for links that direct users to its website. It is forbidden to embed such links without the prior written consent of BMCE Capital Gestion.


The Client expressly gives his/her prior consent to personal data being collected and processed in accordance with the provisions of Law No. 09/08 relating to the protection of personal data and with the authorisation No. A -GC -121/2014 from the CNDP (National Personal Data Control and Protection Commission). Processing of personal data is designed to meet the commercial requirements inherent in relations between BMCE Capital Gestion and its partners. This data will be stored for a period of time that is deemed reasonable and sufficient with regard to the business relationship that exists between BMCE Capital Gestion and its client. Consequently, in accordance with Law No. 09/08, clients have a right of information and to access, rectify and raise an objection with regard to their personal data. Clients can exercise these rights by writing to BMCE Capital Gestion.