Since its inception in the year 2009, the Alawwal Saudi Equity fund has gained immense popularity in Saudi Arabia. This high-risk fund is known for offering good returns on investment. However, it’s essential to invest for a longer tenure in this fund to reap its benefits. Investors should keep in mind that they need to track the fund’s performance on a regular basis.
With management fees of 1.5%, the fund is successfully handled by Alawwal Capital Company. The company provides in-depth investment services comprising local and international fund options. It is known for managing Shariah-compliant funds and various other multi-asset funds. They are equipped with highly experienced fund managers who handle the funds on the client’s behalf.
This open-ended fund aims to offer huge returns on the investment over a long timeframe. The fund majorly spends on equities based on Shariah laws and is a part of Tadawul. The fund managers ensure to make the investment in such shares that provides desired yields to the investors.
The subscription charge of the fund is 1%, and the minimum subscription set for the fund is 10,000 SAR. This is the minimum value an investor must have when investing in this fund. The valuation of the fund is done on a daily basis, and the announcement is also made regularly.
Alawwal Saudi Equity Fund provides a desirable return on investment. However, it is essential to make the investment for a longer period.
Alawwal Equity fund is a high-risk fund. This fund is a perfect option for such individuals who possess detailed information about the financial market.
The minimum amount you must have while investing in this Saudi Equity Fund is 10,000 SAR. This is the value set by the fund managers taking several factors into consideration.
The annual management fee of Alawwal Saudi Equity Fund is 1.5 percent. This amount is used to pay the investment managers for the energy and effort they put into managing your portfolio.
Alawwal Saudi Equity Fund is an open-ended fund which implies that the investors get the power to purchase the share as at any time at their convenience. Similarly, they do not need to wait for the completion of time to withdraw the units as the fund doesn’t have any lock-in period.
Alawwal Saudi Equity Fund is handled by Alawwal Capital Company. It is a joint-stock corporation known for offering investment services.
Alawwal Saudi Equity fund’s goal is to generate investment returns and profit over a lengthy period. The fund invests in registered equities assets that conform with Sharia laws and constitute part of the tadawul all stock index.
The expense ratio of the Alawwal Saudi Equity fund is 0.64%. This amount is charged by the fund managers for successfully handling your funds.