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.
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.
Saudi Riyal Money Market Fund is a low-risk fund. Hence, it is an ideal investment option for people with low-risk tolerance levels.
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.
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.
Saudi Riyal Money Market Fund is an open-ended fund. This implies that the fund's units can be redeemed on any working day.
Saudi Riyal Money Market Fund is managed by Alawwal Invest. The firm aims to meet the growing requirements of the clients in the region.
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.
The expense ratio of the Saudi Riyal Money Market Fund is 0.15%. This amount is collected from investors annually to cover the operating expenses.