HSBC Saudi Equity Income Fund

About HSBC Saudi Equity Income Fund

HSBC Saudi Equity Income Fund was launched in 1997 with a launch price of SAR 10. The Saudi Basic Industrial and Saudi Telecom organizations, which are market representatives, have the most significant fund weighting. The fund is well-diversified because it trades in various Saudi industries (excluding banking firms).

When it comes to the fund's information, this HSBC Saudi Equity Income fund is assessed on Monday and Wednesday. Furthermore, the fund's cut-off period is before the end of trading, i.e., Sunday and Tuesday for Monday and Wednesday valuation, respectively. You can immediately redeem the fund's payout two business days following the valuation date.

You don't have to be concerned about your money because the financial advisers actively handle the funds. The HSBC Saudi Arabia Fund Manager employs an active investing strategy, selecting assets that it believes will appreciate based on market research and the expected return or development of specific equities.

If you are still hesitant about subscribing to this fund, you may learn more about it by downloading the Nakla app. On the fund's webpage, the platform displays the fund's history as well as other vital statistics that will help you learn more about the fund. Furthermore, you may consult with investment managers to discuss your needs and obtain expert advice before making final judgments.

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FAQs about HSBC Saudi Equity Income Fund

What Kind of Returns does HSBC Saudi Equity Income Fund Provide?

HSBC Saudi Equity Income Fund offers ***% YTD returns when investing in this equity fund. However, you need to invest for a long time to reap the actual benefits of this fund.

How risky is the HSBC Saudi Equity Income Fund?

The risk associated with HSBC Saudi Equity Income Fund is high. Though the fund is typically very unpredictable, it also offers substantial rewards to investors. Hence, the fund is ideal if you are willing to face more risks in exchange for more significant rewards.

What minimum amount do you need to invest in the HSBC Saudi Equity Income Fund?

The minimum amount you need to invest in the HSBC Saudi Equity Income Fund is SAR 5000. However, if you want to add a top-up amount to your investment, you need at least SAR 2500 in your pocket.

What is the Average Annual Management Fee of HSBC Saudi Equity Income Fund?

The Average Annual Management Fee of HSBC Saudi Equity Income Fund is 1.7%. Although these charges are not directly engaged in investing choices, they are essential to guarantee that the mutual fund is administered appropriately and in accordance with Shariah-Compliant regulations.

What is the Fund Type of HSBC Saudi Equity Income Fund?

HSBC Saudi Equity Income Fund is an open-ended fund. This implies that the traders can buy or redeem units from the fund house on present net asset value on any given day.

Who manages the HSBC Saudi Equity Income Fund?

HSBC Saudi Equity Income Fund is handled by HSBC Saudi Arabia. Being the market leader in debt finance & advisory, they offer their investors top-notch service and investment advice.

What is the HSBC Saudi Equity Income fund's goal?

The Saudi Equity Income Fund aims to attain long-term equity-linked appreciation by spending money on the Saudi stock exchange. The fund invests in Saudi publicly traded firms (excluding banks) and short-tenure trade financing proceedings.

What is the expense ratio of the HSBC Saudi Equity Income Fund?

The expense ratio of the HSBC Saudi Equity Income Fund is 0.43%. This ratio shows the yearly percentage fee charged by the fund to handle your stock portfolio.

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