SNB Capital Sadaqat Fund is a mutual fund in Saudi Arabia managed by SNB Capital, a division of Samba Financial Group, one of Saudi Arabia's leading banks. The fund invests mainly in Shari'ah-compliant securities traded on the Saudi Stock Exchange (Tadawul). Islamic finance rules drive the fund's investment strategy.
The fund's portfolio is diverse, with companies from numerous industries such as healthcare, banking, energy, and consumer goods. It seeks to offer its investors long-term capital growth by investing in high-quality, well-managed firms with excellent growth potential. The fund also distributes profits to investors in the form of periodic dividends.
The SNB Capital Sadaqat Fund requires a minimum investment of SAR 5000, and it provides both growth and income units to meet the demands of diverse investors. The fund charges a 1.5% annual management fee, which is in line with industry standards.
SNB Capital Sadaqqat Fund offers desirable returns to people who make an investment in this fund. However, investors must analyze the fund's past performance before moving ahead with the investment.
SNB Capital Sadaqqat Fund is a low-risk fund. This states that a fund is an ideal option for people who has a low-risk appetite.
The minimum amount needed for investing in the SNB Capital Sadaqqat Fund is SAR 1000. This value is fixed by fund managers taking into account several factors.
The annual management cost of SNB Capital Sadaqqat Fund is 0.02%. This amount is charged to people investing in this fund for making the payment to professionals.
SNB Capital Sadaqqat Fund is an open-ended fund that states that fund units can be bought on any working day.
SNB Capital Sadaqqat Fund is managed by SNB Capital. The firm has received multiple awards for providing superior investment services in the region.
The fundamental objective of SNB Capital Sadaqqat Fund is to gain revenue in the short run by investing in equities that are based on Shariah guidelines.
The expense ratio of the SNB Capital Sadaqqat Fund is 0%. This implies that the fund does not demand any annual charges from the traders.