Since its launch in Saudi Arabia, the KASB IPO fund has turned out to be a top-rated mutual fund among investors. It has become an ideal option for those who are looking to diversify their portfolio by keeping a mix of all types of funds comprising small, mid, and high-risk funds. However, when investing in this fund, they must remember that they need to remain invested in the fund for an extended period.
The fund has a fixed nominal amount for investing, which is easy on the investor's pocket. In fact, any novice investor can also begin their investment journey with this fund as they can start the investment with as low as SAR 1000. Later, if they feel they can invest more, then they can increase the amount and invest more.
This Shariah-compliant fund also charges nominal fees for handling the portfolio of the clients. Every investor investing in this fund needs to pay the management fee to the fund. After that, they can take a back seat and let the professionals do their job.
KASB IPO Fund offers desirable returns to traders who plan their investments in this fund. However, they must ensure to invest for an extended period.
KASB IPO Fund is a high-risk fund. Hence, those who are looking for higher returns may select this fund for investing.
The minimum amount required for investing in the KASB IPO Fund is SAR 1000. This value indicates the smallest value with which investors can purchase the units of funds.
The annual management cost of the KASB IPO Fund is 2%. This is the cost related to receiving professional management advice.
KASB IPO Fund is an open-ended fund which implies that the fund is liquid and does not have any lock-in period.
KASB IPO Fund is handled by KSB Capital Company. The firm is widely recognized for its outstanding investment management services.
The foremost objective of the KASB IPO Fund is to gain revenue by investing in Shariah-compliant equities in the long run.
The expense ratio of the KASB IPO Fund is 0.89%. This is the value deducted from the investor's account to cover the cost of the fund.