A Shariah-compliant investment fund, SNB Capital Al Raed Saudi Equity Fund, came into existence on 15th December 2002. Registered by the Capital Market Authority, the fund operations are successfully handled by SNB Capital firm. The firm is a subordinate of the Saudi National Bank. It is widely recognized in Saudi Arabia for providing avant-garde investment services.
The fund majorly makes the investment in the equities of organizations registered on the Saudi Stock Exchange. Apart from this, investment is made in the property investment funds approx—10% of the net asset worth of the fund. The fund managers make sure to invest in such securities that provide huge returns on the investment.
With the minimum amount fixed at 7500 SAR, the investors can begin investing and purchasing units of the fund with this value. This amount is set by the fund managers taking into consideration several factors like operational costs, administrative costs, etc. The fund valuation is done on Monday and Wednesday. Similarly, the announcement is made on Tuesday and Thursday.
You can get comparatively higher returns when investing in SNB Capital Al Raed Saudi Equity Fund. But this is the case only when you invest for high time.
The risk associated with SNB Capital Al Raed Saudi Equity Fund is high. Hence, investors must be careful while making any investment decisions.
The minimum amount required for investing in the SNB Capital Al Raed Saudi Equity Fund is 7500 SAR. This is the value fixed by investment managers based on specific criteria.
The annual management fee of SNB Capital Equity Fund is 0%. This implies that the investors are not required to pay any amount to the fund managers for handling their accounts.
SNB Capital Saudi Equity Fund is an open-ended fund. This states that the fund is liquid, allowing the investors to purchase and redeem units as per their will.
SNB Capital Al Raed Saudi Equity Fund is managed by SNB Capital, a reputed investment services company in Saudi Arabia.
The principal objective of the fund is to help investors gain profit in the lengthy tenure by investing in Shariah-compliant securities.
The expense ratio of the SNB Capital Al Raed Saudi Equity Fund is 0%. This implies that the fund managers do not demand any fees from the investors.