An open-ended Shariah-compliant fund, this Al Danah Trading fund commenced its operations on 17th April 2006, depending on the collaboration between the investors and Saudi Fransi Capital organization. Managed and administered by Saudi Franci Capital firm, this fund has marked its reputed position in the Saudi Arabia market.
This high-risk fund requires investors to take every step wisely. The traders need to be well-versed with the market trends thoroughly and make the investment when they feel the fund will perform as per their expectations. However, as it is an equity fund, the investors must be well-prepared for any mishap, as the fund's performance entirely depends on how the market performs.
The fund onboards highly experienced and qualified fund managers who look at the fund's operations. They ensure making investments in publicly registered organizations that work as per Shariah guidelines in Saudi Arabia, United Arab Emirates, and more. With the aim to earn profit in the long run, they also make investments in North Africa and various other Arab regions.
Al Danah GCC Equity Trading Fund provides a return of 9.97% YTD. The fund is known for giving higher returns than the set standard.
Al Danah GCC Equity Trading Fund is a high-risk fund that demands the investors to possess in-depth knowledge about the Saudi Arabia share market.
The minimum amount that you must have when it comes to investing in Al Danah GCC Equity Trading Fund is 2000 SAR.
The annual management fee of Al Danah GCC Equity Trading Fund is 1.75%. This charge may comprise traders' relation charges and administrative expenses of the fund.
Al Danah GCC Equity Trading Fund is an open-ended fund. Hence, this fund forms a significant part of the mutual fund market.
Al Danah GCC Equity Trading Fund is successfully managed by Saudi Fransi Capital. The company has established a prominent position in the market.
The foremost objective of this Al Danah fund is to offer the investors capital appreciation in the mid to long term.
The expense ratio of the Al Danah GCC Equity Trading Fund is 2.81%. The amount is comparatively higher than the other high-risk fund.