Alinma Orphan Care Endowment Fund was established on 21st July 2019 in Saudi Arabia. With its base currency in Saudi Riyal, the fund started its business with an inception price of SAR 10. Being an open-ended fund, this fund is open to any novice investors and has no limitation on the number of shares that can be released.
Not only this, as it an open-ended in nature, its activities are successfully managed by highly professional and knowledgeable fund managers. These professionals have the expertise to make investments in diversified portfolios of stocks, equities, etc., on behalf of their clients. These investment managers work together with their clients and make wise investment decisions on their behalf.
Investors who want to invest in this fund can begin their investment with SAR 1000. They have kept the minimum value at a lower side which enables any investor to invest in this fund. However, they don't get a free hand to invest a lower amount than the set value.
Alinma Orphan Care Endowment Fund is known for providing exceptional returns on investment. Therefore, investors looking to earn income from their investments can invest in this fund.
Alinma Orphan Care Endowment Fund is a high-risk investment fund. Hence, this fund is best suited for such traders who are willing to expose their portfolios in the market.
The minimum amount needed for investing in the Alinma Orphan Care Endowment Fund is SAR 1000. This amount is fixed by fund managers keeping into account several factors.
The annual management cost of the Alinma Orphan Care Endowment Fund is 0%. This implies that the fund doesn't demand any amount for handling the client's portfolio.
Alinma Orphan Care Endowment Fund is an open-ended fund. This states that individuals can purchase and sell the fund's units at their convenience.
Alinma Orphan Care Endowment Fund is managed by Alinma Investment Company. The firm is known for offering exceptional asset management services.
The fundamental objective of the Alinma Orphan Care Endowment Fund is to gain revenue in the long run by investing in Shariah-compliant funds.
The expense ratio of the Alinma Orphan Care Endowment fund is 0.35%. This is the annual charge that every investor needs to pay when investing in this fund.