Comprehensive Equity Fund was established on 15th April 2015. Since then, the fund has managed to remain on the top of the investor's list in Saudi Arabia. This is all because of the high return on investment that the fund offers to its customers. However, if they do not invest for a longer tenure of about 5-7 years, they may not get the profit they are looking for.
With the management cost of 1.75%, the fund activities are looked upon by Al-Nefaie Investment Group. The corporation has received a license from the Capital Market authority in Saudi Arabia and offers exceptional investment services in the region to meet the needs of its clients. The company doesn't charge any expense ratio for its services.
Taking into account the operating costs and other administrative expenses, the fund has fixed the minimum amount as SAR 10,000 for the investors to begin their investing. This amount also states that investors cannot invest less than this value. The subscription rate charged by investors is 0%. Hence, they are not required to pay any value to make the investment.
A comprehensive Equity Fund offers the ultimate return on investment since it is a high-risk fund. The more the risk, the more the return.
Comprehensive Equity Fund is a high-risk fund. This states that the fund is highly volatile if the investment is made for a shorter period of time.
The minimum amount needed to invest in the Comprehensive Equity Fund is 10,000 SAR. This is the value set by fund managers to cover the operational costs.
The annual management cost of the Comprehensive Equity Fund is 1.75%. The fund charges this value from investors to make the payment to money managers.
Comprehensive Equity Fund is an open-ended fund allowing people to purchase units on any working day as it comes without any lock-in period.
Comprehensive Equity Fund is managed by Al-Nefaie Investment Group. The corporation is registered by the Capital Market authorities in Saudi Arabia.
The primary objective of this Equity fund is to create wealth in the mid to long timeframe by investing in such organization's equities that are registered under financial institutions.
The expense ratio of this exceptional fund is 0%. This states that the investors are not demanded any additional charges while making investments.