Saudi Riyal Money Market Fund

No items found.
4.90

22.1054

NAV (Jun 6, 2023)

+4.68%

NAV (Jun 6, 2023)

Historical NAV

NAV (06 Jun 2023)

NO DATA FOUND

Fund Returns

Last 1Y

1.07%

YTD

0.98%

Last 3Y

2.66%

Last 3 months

0.47%

Last 5Y

7.16%

About Saudi Riyal Money Market Fund

Investment Objective

The Saudi Riyal Money Market Fund is a prominent mutual fund in Saudi Arabia that came into existence on 2nd December 1994. The fund majorly invests in Saudi Riyal-denominated short-term debt securities and money market products. The fund is intended to offer clients a generally secure and steady investment alternative that offers reasonable returns in the short term.

The fund aims to generate consistent capital appreciation while preserving capital and avoiding foreign exchange risk. The fund primarily invests in short- to medium-term money market funds as well as interest-bearing bonds released by governments and financial institutions. The Saudi Riyal Money Market Fund provides daily liquidity.

The fund onboards highly efficient investment managers to look over the fund's activities. These managers make the investment decisions on behalf of the clients who invest in this fund. The fund aims to provide investors with a top income level while safeguarding capital.

Expense Ratio

Asset Class

Money Market

Fund Type

Open

Fund Currency

SAR

Shariah Compliant

YES

Fund Objective

Income

Risk Level

Low

Minimum Subscription

5000

Subscription charges

Management fees

Leverage

Launched Date

2010/09/30

Fund Managers

Alawwal Invest

Fund Manager

FAQs about Saudi Riyal Money Market Fund

What kind of returns does Saudi Riyal Money Market Fund offer?

Saudi Riyal Money Market Fund offers desirable returns to people who make an investment in this fund. Nevertheless, they must take into account the fund's past performance before investing.

How risky is the Saudi Riyal Money Market Fund?

Saudi Riyal Money Market Fund is a low-risk fund. Hence, it is an ideal investment option for people with low-risk tolerance levels.

What is the minimum amount that you need to invest in the Saudi Riyal Money Market Fund?

The minimum amount required for investing in the Saudi Riyal Money Market Fund is SAR 5000. The investment managers have fixed this worth taking into account several factors.

What is the annual management fee of the Saudi Riyal Money Market Fund?

The annual management cost of the Saudi Riyal Money Market Fund is 0.50%. This value is charged by investors to cover the fund's expenses.

What is the Fund Type of the Saudi Riyal Money Market Fund?

Saudi Riyal Money Market Fund is an open-ended fund. This implies that the fund's units can be redeemed on any working day.

Who manages the Saudi Riyal Money Market Fund?

Saudi Riyal Money Market Fund is managed by Alawwal Invest. The firm aims to meet the growing requirements of the clients in the region.

What is the Saudi Riyal Money Market Fund's Goal?

The primary goal of the Saudi Riyal Money Market Fund is to gain income from the steady growth of the invested capital while safeguarding the capital in the best possible way.