Riyad Income fund is the ultimate fund when it comes to investing in the Saudi stock market and gaining access to a bi-annual profit payout. Since its inception on 4th October 2014, the fund has been ruling the mutual fund market in the Middle East. It is one of the preferable options for investors looking to gain profit in the long run.
As it is an open-ended fund, individuals can purchase units of the fund on any working day. Similarly, as the fund has no lock-in period, they can easily withdraw funds as per their wish. However, it's essential to keep track of the fund's performance before making a decision.
Managed by Riyad Capital company, the fund charges 1.50% of the management cost. Paying this amount is worth it as you get access to expert knowledge who look into your profile on your behalf and make all the investment decisions. They make sure to invest in shares of local organizations that hold robust positions in the market. Hence, investors looking to get dividends regularly can opt for this fund.
Riyad Income Fund offers sound returns on investments made by individuals who wish to grow their capital over an extended period of time.
Riyad Income Fund is a high-risk fund. Therefore, it's crucial for investors to possess detailed information about the Saudi market before proceeding with an investment.
The minimum amount required for investing in the Riyad Income Fund is 5000 SAR. This means investors willing to invest this value are eligible for making investments in this Saudi Arabia fund.
The average Annual Management Fee of the Riyad Income Fund is 1.50%. Investors must pay this worth to fund managers for handling their investments.
Riyad Income Fund is an open-ended fund that enables investors to redeem the units without hassle at their preferred time.
Riyad Income Fund is managed by Riyad Capital company. The firm is widely popular for providing exceptional investment services in Saudi Arabia.
The primary goal of the Riyad Income Fund is to gain capital appreciation in the long run by investing in local company stocks.