Al Rajhi Materials Sector Equity Fund is an equity fund that was launched on 1st November 2007. The fund has marked its position in the mutual fund industry in Saudi Arabia. This is because of the high yields it offers to the investors on the investment. Since it is an open-ended fund, the investors easily purchase the units at any time. As the fund doesn’t have any lock-in period, the investors can easily withdraw them anytime based on their requirements.
This unique Al Rajhi fund assists investors in developing their wealth over a lengthy tenure by making investments in Material Sector stocks that are registered on the share market of Saudi Arabia. All profit earned on the investment is invested back into the fund. You can check the value in the unit cost of the fund.
With the subscription cost set at 2%, the traders need to pay to the fund while making the investment. They can start their investment with a minimum value of 10,000 SAR, as described by the fund managers. As the minimum amount set is a bit higher, the investors must take their budget and risk tolerance factor into account before proceeding ahead with the investment.
Al Rajhi Materials Sector Equity Fund offers a return of 5.31% YTD to the investors who invest in this fund.
The risk associated with the Al Rajhi Materials Sector Equity Fund is high. Hence, it is crucial for investors to analyze their long-term investment plan before making a decision to invest in this fund.
10,000 SAR is the minimum amount fixed when it comes to investing in Al Rajhi Materials Sector Equity Fund. This means traders cannot make the investment or purchase any value they wish. They have to invest at least the minimum amount.
The annual management cost of the Al Rajhi Materials Sector Equity Fund is 1.75%. This amount is paid to the fund managers in return for their hard work.
Al Rajhi Materials Sector Equity Fund is an open-ended fund. This offers the crucial volatility element to your investing plan.
Al Rajhi Materials Sector Equity Fund is handled by Al Rajhi Capital. The company is a renowned financial services organization that meets the requirements of investors.
The foremost objective of the Al Rajhi Materials Sector Equity Fund is to make investments in the Shariah-compliant funds released by the Capital Market Authority in Saudi Arabia.
The expense ratio of the Al Rajhi Materials Sector Equity Fund is 0.64%. The traders must pay this value to the fund managers for handling their money.