Since its inception, Al Rajhi Monthly Distribution Fund has gained immense popularity in the Kingdom of Saudi Arabia. This public open-ended fund was established with the objective of producing consistent profit regularly by investing in shortlisted income-generating equities like debt funds, fixed-income, ETFs, and others as per the Shariah guidelines.
The subscription and redemption of the fund are done on a daily basis. The fund managers who are responsible for handling the operations of the fund ensure to make investment decisions and gain profit wisely. The yield is then distributed among the unit holders every month. However, it is up to the investment managers to decide how they want to distribute.
With a management cost of 1.25%, the fund is successfully handled by Al Rajhi Capital. The company is authorized by the Capital Market Authority to provide investment services in the region. No matter whether you want to invest in stocks or mutual funds, they have got you covered.
Al Rajhi Monthly Distribution Fund provides desirable returns to investors on their investments. Nevertheless, it is crucial to analyze the fund's performance before moving ahead with the investment.
Al Rajhi Monthly Distribution Fund is a low-risk fund. This states that a fund is an ideal option for such people who wish to earn optimal returns on their investments.
The minimum value one must have when investing in the Al Rajhi Monthly Distribution Fund is SAR 1000. This amount defines the smallest value an investor invests in purchasing the minimal fund's shares.
The annual management cost of the Al Rajhi Monthly Distribution Fund is 1.25%. By making this payment, traders get access to professional services.
Al Rajhi Monthly Distribution Fund is an open-ended fund. This states that the fund is highly liquid in nature and enables investors to purchase the fund's units without any limitations.
Al Rajhi Monthly Distribution Fund is handled by Al Rajhi Capital. The company is widely recognized for its outstanding investment and asset management services.
The fundamental objective of the Al Rajhi Monthly Distribution Fund is to gain revenue in the long run by investing in Shariah-compliant equities.
The expense ratio of the Al Rajhi Monthly Distribution Fund is 0%. This implies that the fund doesn't charge any annual amount from the investors.