Since its inception in 1993, the Saudi Istithmar Equity fund has gained immense popularity in the Saudi Arabia market. You can start your investment in this open-ended fund with just 2000 SAR. The fund managers fix this amount to make sure they have sufficient assets under management to accomplish their financial objectives.
As the risk associated with the fund is high, it's crucial for investors to gain some knowledge about the stock market and its functioning. It is essential to have the knowledge as it enables the investors to monitor the fund's performance on a regular basis. Being volatile in nature, it's not advisable to invest for a short tenure in this fund. This fund provides excellent yields in the long tenure. Hence, it is best suited for such investors who can invest money for the long term.
This Istithmar Equity fund majorly aims to accomplish capital appreciation that exceeds the standards in the medium to long term by investing in such shares that are registered on the share market in the Middle East. The fund managers make sure to invest the funds on the client's behalf for an extended period of time to gain huge profits.
The fund charges 1.75% of the management fees from the investors to make the payment of the fund managers. This amount is basically taken from the profit made from the investment.
Saudi Istithmar Equity Fund offers 16.96% returns on a YTD basis when making investments in this fund.
Saudi Istithmar Equity Fund is a high-risk fund. Thus, it offers substantial returns on the investment. However, investors must ensure that they make the investment for a long tenure.
The minimum amount you must have for investing in the Saudi Istithmar Equity Fund is 2000 SAR. This value is fixed by the fund managers to cover several costs of the fund.
The annual management fee of the Saudi Istithmar Equity fund is 1.75%. This implies that the fund managers charge their fees for handling the investor's portfolio.
Saudi Istithmar Equity Fund is an open-ended fund that allows users to buy the units of the funds on any working day. The fund is highly liquid, which helps the investors to make their own decisions.
Saudi Istithmar Equity Fund is managed by Saudi Fransi Capital. The company is a renowned financial service provider in Saudi Arabia.
Saudi Equity Fund's primary objective is to invest in stocks based on Shariah guidelines and gain profit in the medium to the long timeframe.
The expense ratio of this Istithmar Equity Fund is 1.91%. This value showcases how much you require to pay the fund managers to invest your funds on a yearly basis.