Since its inception in 2013, this mutual fund has become the most preferred investment option among traders. The starting per unit price of the fund on a listing day was 10.00, which kept on rising over time in Saudi Arabia. Investing in this open-ended fund is hassle-free as it does not come with a lock-in period. The traders can invest in this fund on a working day in Tadawul.
The fund aims to help investors in gaining colossal profits from their investments in the long run. The fund managers of this fund ensure to invest in Shariah-compliant equities registered on the Saudi Stock Exchange. In addition to this, they also invest in several other units of traded funds that offer great returns.
With the management cost of 0.25%, this fund deducts some amount from the investor’s profit to make the payment to the fund managers who handle their portfolio and make the investment on their behalf. These fund managers use their years of experience and wisely select such funds for investment that are Shariah-compliant and meet the Shariah guidelines.
Alkhair Capital Saudi Equity Fund offers reasonable returns on investment. However, the traders must invest for at least 5-10 years to gain income as per their wish.
Alkhair Capital Saudi Equity Fund is a high-risk fund. Thus, this type of fund is best-suited for investors with greater risk tolerance.
The annual management fee of Alkhair Capital Saudi Equity Fund is 0.25%. The amount is fixed by the fund managers, which the investors need to pay from their earned profit for the manager’s hard work.
Alkhair Capital Saudi Equity Fund is an open-ended fund. This states that investors can make their investments at any time of the day.
Alkhair Capital Saudi Equity Fund is handled by Alkhair Capital Saudi Arabia. The firm is widely known in Saudi Arabia for its exceptional investment services.
Alkhair Capital Saudi Equity Fund’s goal is to gain capital in the long term by investing in Shariah-compliant funds.
The expense ratio of the Alkhair Capital Saudi Equity Fund is 0.53%. The traders must pay this value to the investment managers.