Sico Capital Money Market Fund

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.