Established in the year 2015, Osool & Bakheet IPO Trading Fund Sharia Compliant is an equity mutual fund handled by Osool and Bakheet Investment Company. This fund management organization has received a license from the Capital Market Authority of Saudi Arabia. Moreover, they have also registered themselves in the Ministry of Commerce. OBIC's core functions include trading as principal and agent, investment group administration, discretionary portfolio management, and holding.
Osool & Bakheet IPO Trading Fund Sharia Compliant fund firstly makes an investment in IPO and Saudi joint organization's shares in the initial tenure of trading. Apart from this, the fund manager can spend up to 50% of the fund's net assets value on small and moderate cap organizations' shares.
Furthermore, the fund may invest in shares of registered public funds authorized by the Saudi Capital Market Authority. Besides this, there is also the possibility to spend cash reserves in Saudi Riyal term deposits in licensed Saudi banks, where almost all transactions must be Shariah-compliant and authorized by the fund's Shariah board.
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When investing in Osool & Bakheet IPO Trading Fund Sharia Compliant, expect to get a return of 11.21% YTD.
Osool & Bakheet IPO Trading Fund Sharia Compliant is a high-risk fund. Investors with a high-risk tolerance willing to expose their portfolio to instability to create better returns can examine this fund.
The minimum amount you require to invest in the Osool & Bakheet IPO Trading Fund Sharia Compliant is SAR 10,000. This amount is required to make sure they have sufficient assets under management to meet investment objectives and cover costs.
2.00% is the average annual management fee of Osool & Bakheet IPO Trading Fund Sharia Compliant. It comprises all direct expenditures associated with managing the investments, like employing the portfolio administrator and investment group.
Osool & Bakheet IPO Trading Fund Sharia Compliant is an open-ended fund. This implies that the fund comprises pooled assets and enables continual fresh additions and disbursements from pool investors.
Osool and Bakheet Investment Company manages the Osool & Bakheet IPO Trading Fund Sharia Compliant. It is a private corporate body established in Saudi Arabia that was founded by the merger of Osool Capital Company and Bakheet Investment Group.
The fundamental goal of the fund is to optimize capital appreciation by attaining a higher return relative to its baseline while avoiding potential hazards. The fund primarily focuses on Saudi joint-stock company initial public offerings of stocks within the first five years of trade and also the last 20 listed firms.
The expense ratio of the Osool & Bakheet IPO Trading Fund Sharia Compliant is 16.33%. This percentage is the cost a client must give the investment firm to manage their investment. The ratio stresses the fund's management fees and operating costs.