Al Rajhi Saudi Equity Income Fund came into existence in the year 2016. It is managed and administered by Al Rajhi Capital which is a reputed asset management firm in Saudi Arabia. The organization has received a license from Capital Market Authority for offering exceptional investment services in the Middle East.
The management cost of the fund is finalized as 1.75%. This value is used to pay the fund managers who work day and night on the investor’s behalf. These managers use their years of experience and knowledge while making the investment. They make sure to select such equities for investment that offer great returns on the investment.
The fund aims to help investors grow their funds in the long run by investing in securities registered on Tadawul that are Shariah compliant. These equities are also based on the Shariah guidelines. Another interesting factor about the fund is that the profits are distributed among the investors. The fund managers make the decision as to how and when to distribute the income.
Al Rajhi Saudi Equity Income Fund provides a return of 5.75% YTD. However, investors must pay attention to the fund’s performance before investing in the fund.
Al Rajhi Saudi Equity Income Fund is a high-risk investment fund. Thus, investors should keep in mind that this fund can be volatile in the short run.
The minimum amount for investing in the Al Rajhi Saudi Equity Income Fund is 5000 SAR. The traders need to pay this worth to the fund managers for handling their portfolios.
The annual management cost of Al Rajhi Saudi Equity Income Fund is 1.75%. By paying this cost, traders gain access to the knowledge and expertise of money managers.
Al Rajhi Saudi Equity Income Fund is an open-ended fund which implies that the fund can be bought and redeemed by the investor on the working day of Tadawul.
Al Rajhi Saudi Equity Income Fund is handled by Al Rajhi Capital. The firm is registered by the Capital Market Authority and is a one-stop solution for investment services.
The primary goal of the Al Rajhi Saudi Equity Income Fund is to help traders earn a profit on their investments in the long time horizon.
0.63% is the expense ratio of the Al Rajhi Equity Income fund. This percentage showcase how much a fund manager is paid for handling your profile.