HSBC Saudi Construction And Cement Companies Equity Fund

About HSBC Saudi Construction And Cement Companies Equity Fund

An open-ended equity fund, HSBC Saudi Construction And Cement Companies Equity Fund, was launched in 2008 with the inception price of SAR 10. With a subscription fee of up to 2%, the fund is valued every business day in the KSA. The cut-off time of the fund is at 4:30 PM KSA time on any business day.

Moreover, you get the benefit of redeeming the fund's payment within 2 business days following the appropriate valuation day. As it is an equity fund, its motive is to gain capital appreciation within the medium to long tenure. They do this by investing in various portfolios of chosen Saudi Construction and Cement organizations registered on the Saudi equity market.

These selected Saudi construction organizations comprise firms specializing in the production, structure, or merchandising of developing materials. Also, they include organizations that perform or advertise infrastructure work and their products and cement firms registered on the Saudi Equity market. The fund's success will be correlated to that of the HSBC Saudi Construction and Cement Equity Index.

However, if you want to invest in this fund and look for the right platform, Nakla is your go-to resolution. The app offers a seamless experience to its users and guides the investors in the right direction before making any investment decision. The platform highlights the fund's performance in detail to give a clear picture to investors.

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FAQs about HSBC Saudi Construction And Cement Companies Equity Fund

What Kind of Returns does HSBC Saudi Construction And Cement Companies Equity Fund Provide?

Around 8.44% YTD returns are possible to get on your investment in HSBC Saudi Construction And Cement Companies Equity fund when planned for a long duration.

How risky is the HSBC Saudi Construction And Cement Companies Equity Fund?

When talking about the risk associated with the HSBC Saudi Construction And Cement Companies Equity fund, then the risk is high. This indicates that this fund can be perfect for investors who possess detailed knowledge about the stock market and are updated with the latest news.

What is the minimum amount you need to invest in the HSBC Saudi Construction And Cement Companies Equity Fund?

The minimum amount you must have if you wish to invest in the HSBC Saudi Construction And Cement Companies Equity Fund is SAR 5000. The value is affordable that is suitable for any beginner investor as well.

What is the Average Annual Management Fee of HSBC Saudi Construction And Cement Companies Equity Fund?

The Average Annual Management Fee of HSBC Saudi Construction And Cement Companies Equity Fund is 1.70%. The investors need to pay this amount to the fund managers who manage their funds on their behalf.

What is the Fund Type of HSBC Saudi Construction And Cement Companies Equity Fund?

HSBC Saudi Construction And Cement Companies Equity Fund is an open-ended fund. This implies that the units of this fund are not traded on the stock exchange. Moreover, there is no restriction on the number of units this fund can release.

Who manages the HSBC Saudi Construction And Cement Companies Equity Fund?

HSBC Saudi Construction And Cement Companies Equity Fund has been managed by HSBC Saudi Arabia right from its inception in 2008.

What is the HSBC Saudi Construction And Cement Companies Equity fund's goal?

HSBC Saudi Construction And Cement Companies Equity fund's goal is to accomplish a return on investment over the mid to long tenure. This fund firstly invests in the stocks of the construction and property sector and the Saudi cement sector.

What is the expense ratio of the HSBC Saudi Construction And Cement Companies Equity Fund?

The expense ratio of the HSBC Saudi Construction And Cement Companies Equity Fund is 0.43%. This is an annual charge that an investor needs to pay for the successful management of their funds.

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