KASB Money Market Fund is a type of mutual fund that aims to offer clients a low-risk investing alternative with consistent returns. KASB Funds, a major investment management firm in Saudi Arabia, manages the fund.
The fund invests in short-term debt instruments manufactured by acknowledged monetary bodies in the Middle East, such as treasury bills, commercial bonds, and certificates of deposit. These assets often have maturities of less than one year, reducing the fund's vulnerability to interest rate risk.
The fund's investment objective aims to create a consistent return that is in line with the Middle East's short-term interest rates. The fund is appropriate for individuals seeking a low-risk investing choice with less exposure to market fluctuations. Moreover, its emphasis on risk control and dedication to offering greater profits to individuals make it an appealing alternative for those seeking a low-risk investment opportunity.
KASB Money Market Fund is known for offering desirable returns on investments made by traders. However, they must ensure to analyze the fund before investing.
KASB Money Market Fund is a low-risk fund. This implies that investors with a low-risk appetite can plan their investment in this fund.
The minimum amount required for investing in the KASB Money Market Fund is SAR 10,000. This value is fixed by investment managers taking several factors into account.
The annual management cost of the KASB Money Market Fund is 0.30%. Investors must pay this worth when investing in the fund from their profit.
KASB Money Market Fund is an open-ended fund. This implies that the fund's units can be purchased and sold on any working day.
KASB Money Market Fund is managed by KSB Capital Company. The company is recognized for offering exceptional asset management services.
The primary goal of the KASB Money Market Fund is to gain capital appreciation in the long run by investing in equities that are based on Shariah guidelines.
The expense ratio of the KASB Money Market Fund is 0.21%. This is the annual amount charged by fund managers for covering the operating costs of the fund.