MEFIC Saudi Riyal Murabaha Fund

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4.90

NAV (Jun 6, 2023)

Historical NAV

NAV (06 Jun 2023)

NO DATA FOUND

Fund Returns

Last 1Y

N/A

YTD

N/A

Last 3Y

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Last 3 months

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Last 5Y

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About MEFIC Saudi Riyal Murabaha Fund

Investment Objective

An open-ended fund, MEFIC Saudi Riyal Murabaha Fund, was established on 1st March 2011. The fund has marked its position among the people in Saudi Arabia due to the kinds of returns it offers to them. As it is a low-risk fund, it requires investors to plan their investments for a shorter period of time. Though the fund offers moderate returns, it doesn't require investors to expose their portfolio fully in the market.

With a subscription charge of 0%, investors can begin investing in this fund with a minimum value of SAR 2000. The investment managers have fixed the minimum value at a lower side which doesn't get hard on the investor's pocket. Investors can easily plan their investments by analyzing their expenses and budget.

As it is an open-ended fund, investors get an option to diversify their investments. This means they can invest in both debt and equity instruments. Not only this, they can keep track of the fund's performance regularly and make wise investment decisions.

Expense Ratio

0.5%

Asset Class

Money Market

Fund Type

Open

Fund Currency

SAR

Shariah Compliant

YES

Fund Objective

Income

Risk Level

Low

Minimum Subscription

2000

Subscription charges

Management fees

0.5%

Leverage

Launched Date

2010/09/30

Fund Managers

Middle East Financial Investment Company

Fund Manager

FAQs about MEFIC Saudi Riyal Murabaha Fund

What kind of returns does MEFIC Saudi Riyal Murabaha Fund offer?

MEFIC Saudi Riyal Murabaha Fund offers exceptional returns on investments made by traders. However, investors must ensure to invest for a shorter period of time.

How risky is the MEFIC Saudi Riyal Murabaha Fund?

MEFIC Saudi Riyal Murabaha Fund is a low-risk fund. This implies that traders can gain profit by making the investment for the short term.

What is the minimum amount that you need to invest in the MEFIC Saudi Riyal Murabaha Fund?

The minimum amount required for investing in the MEFIC Saudi Riyal Murabaha Fund is SAR 2000. This value specifies the amount with which investors can begin the investment.

What is the annual management fee of MEFIC Saudi Riyal Murabaha Fund?

The annual management fee of MEFIC Saudi Riyal Murabaha Fund is 0.50%. This value is deducted from the investor's profit for making the payment to fund managers.

What is the Fund Type of MEFIC Saudi Riyal Murabaha Fund?

MEFIC Saudi Riyal Murabaha Fund is an open-ended fund. This states that the fund regularly releases new shares and withdraws existing shares.

Who manages the MEFIC Saudi Riyal Murabaha Fund?

MEFIC Saudi Riyal Murabaha Fund is managed by Middle East Financial Investment Company. The firm is recognized for offering exceptional investment services.