The Sico Capital Money Market Fund is a mutual fund in Saudi Arabia that is open-ended. The fund's primary goal is to invest in Shariah-compliant money market funds, private placements, and other financial products to maximize medium-term capital development while conserving the capital invested by making investments in Saudi riyals, US dollars, and GCC currencies.
Being managed by SICO Capital Company, the fund doesn't charge any additional amount from investors. Hence, investors can get their portfolio managed by expert professionals, and rest assured that they will gain profit. However, they may sometimes face loss depending on the market conditions. Hence, they must be prepared for any market fluctuations.
The fund invests in highly rated debt instruments issued by financially powerful corporations or government organizations, reducing the chance of default. Furthermore, the fund's emphasis on short-term securities reduces contact with interest rate risk, which can be an essential concern for longer-term bond funds.
Sico Capital Money Market Fund is known for providing greater yields to traders on their investments. Nevertheless, they must plan their investment wisely.
Sico Capital Money Market Fund is a low-risk fund. This implies that the fund is accessible to both novice and knowledgeable investors.
The minimum amount needed for investing in the Sico Capital Money Market Fund is 0. This states that the fund hasn't fixed any minimum value and allows the investors to invest their desired value.
The annual management cost of the Sico Capital Money Market Fund is 0%. This implies that the fund doesn't charge any fees for its services.
Sico Capital Money Market Fund is an open-ended fund that enables investors to buy the fund's units as per their will without any restriction.
Sico Capital Money Market Fund is handled by SICO Capital Company. The firm offers out-of-the-box asset management services in the region.
Sico Capital Money Market Fund's goal is to invest in money market funds and other related instruments to earn revenue in the mid-term.
The expense ratio of the Sico Capital Money Market Fund is 0% which implies that the fund has kept no annual charges.