Since its inception in 2019, SNB Capital Sovereign Sukuk Fund Class A has been gaining immense popularity as a low-risk fund option. All thanks to the returns that the fund is offering on the investment. Being a low-risk fund, it ensures making an investment in high-rated securities. It is known for offering great returns, but it is not risk-free. The risk level is optimal. Hence, this fund can be the best option if you arewishing to invest for a brief tenure.
Regarding investing, the fund's top priority for investment is the Sovereign Sukuk funds released by the Saudi Arabia government, and the fund currency is Saudi Riyal. It comprises government funds, Public Debt Management Office of the Ministry of Finance, i.e., sovereign funds, funds in the state of endowment funds. Besides this, the fund has also spread its units in the short-tenure cash securities based on the Shariah guidelines.
Managed by Samba Capital & Investment Management Co, the fund charges 0.25 percent management fees from the investors for handling their portfolio on their behalf. The fund managers ensure to make the investment in such a way that helps the investors gain huge profits.
SNB Capital Sovereign Sukuk Fund Class A has provided 8.98% since inception.
SNB Capital Sovereign Sukuk Fund Class A is a low-risk fund. This implies that the fund offers stable profits. However, keep in mind that this doesn't imply that it is risk-free
The minimum amount you must invest in the SNB Sukuk Fund Class A is 50,00,000 SAR. You should have this value in your account when planning to make an investment in this low-risk fund.
The Annual Management Fee of SNB Capital Sovereign Sukuk Fund Class A is 0.25%. This is the value that fund managers charge for successfully handling your portfolio.
SNB Capital Sovereign Sukuk Fund Class A is an open-ended fund. This implies that you can purchase and sell any units anytime, as it does not have a lock-in period.
SNB Capital Sovereign Sukuk Fund Class A is managed by Samba Capital & Investment Management Co. The firm offers its consumers advanced and out-of-the-box solutions in financial services.
The primary objective of the SNB Sukuk Fund Class A Fund is to gain wealth appreciation in the lengthy tenure by spending in Sukuk funds released by the Middle-East government based on the Shariah guidelines.
The expense ratio of the SNB Capital Sovereign Sukuk fund class A is 0.11%. This is the ratio that an investor needs to pay to the fund managers for their services.