Al Rajhi Msci Saudi Multi Factor Index Funds

A high-risk fund, Al Rajhi MSCI Saudi Multi-Factor Index Fund, was established by a collaboration of Al Rajhi Capital firm and the unitholders associated with the fund. Al Rajhi Capital is a fully owned subsidiary of the banking firm Al Rajhi Banking.

With the beginning of the operation on 20th January 2019, the fund gained immense traction in the mutual fund market. This Al Rajhi Index fund motive is to help investors accomplish a mid to long-tenure wealth appreciation by analyzing MSCIs Saudi Multi Factor Index's performance that corresponds to the Shariah Boards regulations.

The fund aspires to accomplish performance comparable to the standard by employing a passive management strategy in which the fund trades in the benchmark's member businesses based on their ratings. It is the job of the fund managers to manage the overall activities of the fund. They can also get in touch with other corporations to manage the investment or any additional administrative charges on the fund's behalf.

These fund managers are paid fees for their hard work and services by the fund at the end of the year. This charge is derived at 1% per annum from the total asset worth at every valuation date.