A Shariah-compliant, BLOM MSCI Saudi Arabia Select Min Vol Fund is a renowned mutual fund in Saudi Arabia that is popularly called a Smart Beta fund. The fund's motive is to accomplish a benchmark standard similar to the MSCI Saudi Arabia Domestic IMI Islamic Custom Minimum Volatility Index before subtracting the expenses.
The best part of this fund is that they haven't set any minimum value for investment. Hence, it gives a free hand to investors planning to invest in this fund. Also, this fund can be a perfect option for such people who are new to mutual funds and wish to start with a low amount. This simply means they do not want to take a considerable risk and wish to play safe.
With the management fees of 1%, the fund's activities are successfully handled by Blominvest Saudi Arabia. They have onboarded highly educated and trained investment professionals who do thorough research before making any investment decisions. They make sure to help investors gain profit in the long run.
BLOM MSCI Saudi Arabia Select Min Vol Fund is known for providing great returns on investment. But, it is essential for traders to plan their investments for an extended period.
BLOM MSCI Saudi Arabia Select Min Vol Fund is a high-risk investment. Hence, this fund is the perfect option for such traders who are looking for higher returns and are willing to take a greater risk.
The minimum amount required for investing in the BLOM MSCI Saudi Arabia Select Min Vol Fund is SAR 0. Hence, this fund is ideal for investors who are investing for the first time in mutual funds.
The annual management fee of BLOM MSCI Saudi Arabia Select Min Vol Fund is 1%. This states that the investors must pay this amount to get access to expert pieces of advice.
BLOM MSCI Saudi Arabia Select Min Vol Fund is an open-ended fund. Hence, this fund gives an open hand to investors to purchase and sell the units of funds at net asset value.
BLOM MSCI Saudi Arabia Select Min Vol Fund is managed by Blominvest Saudi Arabia. The company is known for offering asset management services in the region.
BLOM MSCI Saudi Arabia Select Min Vol Fund's goal is to gain capital income in the long run by investing in equities that are based on Shariah guidelines.
The expense ratio of the BLOM MSCI Saudi Arabia Select Min Vol Fund is 0.27%. This value is used to determine if a fund is profitable or not by comparing its operational costs to its assets.