Al Rajhi Multi Asset Growth Fund came into existence in November 1998 under the management of Al Rajhi Capital. Authorized by Capital Market Authority in the Middle East, the firm is a renowned investment firm in Saudi Arabia. The company's asset management section offers the resources required for carrying out the investment approach that is sure to meet the customer's requirements.
With the subscription fee of 2%, the fund has fixed the minimum investment amount as SAR 7500. Anyone planning to invest in this mutual fund can start their investment journey with this value. However, the fund has also set the minimum additional subscription value as SAR 3750. This implies that investors can easily increase their investment with the stated minimum value or more.
The best part of investing in this medium-risk fund is that investors do not require to pay any management fees. This means that they gain access to professional services without paying any additional charges. However, the fund does charge an expense ratio annually to cover the fund’s expenses.
Al Rajhi Multi Asset Growth Fund has offered 5.17% returns annually since the time it came into existence. However, traders need to look at the fund's performance before moving ahead.
Al Rajhi Multi Asset Growth Fund is a medium-risk fund. This implies that it invests in both debt and equities, not exposing the investor's portfolio fully to the market.
The minimum amount needed for investing in the Al Rajhi Multi Asset Growth Fund is SAR 7500. The fund has fixed this value with the aim of protecting its cash flows from getting impacted by short-term trade.
The annual management cost of the Al Rajhi Multi Asset Growth Fund is 0%. This implies that investors don't need to pay hefty amounts for getting their portfolios handled.
Al Rajhi Multi Asset Growth Fund is an open-ended fund stating that buying and selling the fund's units is a hassle-free process.
Al Rajhi Multi Asset Growth Fund is handled by Al Rajhi Capital. The company is a popular name in the MENA region for providing innovative investment solutions.
The fundamental motive of the Al Rajhi Multi Asset Growth Fund is to gain capital appreciation by investing in Sharia-compliant equities.
The expense ratio of the Al Rajhi Multi Asset Growth Fund is 0.02%. This value is charged annually from investors.