HSBC Saudi Financial Institutions Equity Fund

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2.30

NAV (Feb 2, 2023)

Historical NAV

NAV (Feb 2, 2023)

+0.75%

Fund Returns

Last 1Y

YTD

Last 3Y

Last 3 months

Last 5Y

About HSBC Saudi Financial Institutions Equity Fund

Investment Objective

HSBC Saudi Financial Institutions Equity Fund is an open-ended fund managed by HSBC Saudi Arabia. They aim to provide complete customer satisfaction to their investors and ensure to make the right investment decisions on their behalf. The fund is valued from Monday to Wednesday and the announcement is made on only 2 days of the week i.e. Tuesday and Thurday.

This Saudi Financial Institutions Equity Fund is intended to give investors with a stable and dependable investment scheme by dealing in Saudi Arabia's financial companies. In the beginning, the fund solely dealt in the stocks of Saudi publicly traded financial firms. However, it eventually extended to include financial organizations like banks, non-banking financial firms, and insurance firms that are registered on a stock exchange in Saudi and the GCC.

The fund control its volatility by trading in Money Market Instruments. Moreover, the fund began investing in Saudi banks on August 1, 2004, with an initial investment of SAR 10. Hence, the fund was adequately divided once it started making investment in multiple Saudi banks.

However, it is prudent to prepare for highs and lows in the value of your home down the future. If you are still unsure whether one should invest in this fund, you may get expert advice from Nakla. Portfolio managers will help you make educated judgments.

Expense Ratio

Asset Class

Fund Type

Open

Fund Currency

Shariah Compliant

Fund Objective

Risk Level

Minimum Subscription

Subscription charges

Management fees

Leverage

Launched Date

2010/09/30

Fund Managers

HSBC Saudi Arabia

Fund Manager

FAQs about HSBC Saudi Financial Institutions Equity Fund

What Kind of Returns does HSBC Saudi Financial Institutions Equity Fund Provide?

HSBC Saudi Financial Institutions Equity Fund provide 24.56% YTD return to their investors on the investment made by them.

How risky is the HSBC Saudi Financial Institutions Equity Fund?

HSBC Saudi Financial Institutions Equity Fund is a high-risk fund. This fund is typically very unstable, but they also give significant payouts to investors. These funds are ideal if you are willing to face more risks in exchange for bigger rewards.

What is the minimum amount that you need to invest in the HSBC Saudi Financial Institutions Equity Fund?

The minimum amount that you need to invest in the HSBC Saudi Financial Institutions Equity Fund is SAR 5000. The fund demand minimum contributions to join in order to ensure adequate capitalization and coverage of the fund's operational expenses.

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

The average Annual Management Fee of HSBC Saudi Financial Institutions Equity Fund is 1.7%. The investors require to pay this price to the professionals in return of their services. Services might include guidance, experience, and, presumably, a good return on investment.

What is the Fund Type of HSBC Saudi Financial Institutions Equity Fund?

The Fund Type of HSBC Saudi Financial Institutions Equity Fund is open-ended. These stocks do not deal on exchanges and are valued at the close of the day at their overall portfolio net asset value (NAV).

Who manages the HSBC Saudi Financial Institutions Equity Fund?

HSBC Saudi Financial Institutions Equity Fund is managed by HSBC Saudi Arabia. They strive hard to exceed the expectations of their clients and ensure to make them earn profit in their investments.

What is the HSBC Saudi Financial Institutions Equity fund’s goal?

The Fund's goal is to seek capital gain over the mid and long period by investing in stocks of financial firms registered on Tadawul (Saudi Stock Exchange Market), comprising banks and financial services firms, and The Saudi British Bank.

What is the expense ratio of the HSBC Saudi Financial Institutions Equity Fund?

The expense ratio of the HSBC Saudi Financial Institutions Equity Fund is 0.43%. This ratio covers a variety of expenses for administering the mutual fund plan. On a daily basis, they collect this expense from mutual fund investors.

Investment Calculator

SAR 5000 per month

Over the past

Total Investment of (SAR) 0

Would have become (SAR)

0 (0%)