Al Rajhi Multi Asset Balanced Fund came into existence in the month of November 1998. This low-risk fund was created under the consent between Al Rajhi Capital and traders in the fund. It is an open-ended fund allowing investors to enter and exit the fund without any restrictions. It doesn’t come with any lock-in period making the investment hassle-free for people.
This open-ended fund is created to merge between low to medium-risk investments for investing in assets as per the Islamic laws via investing in other funds. The profit is then reinvested back into the fund, which may have an impact on the worth and cost per unit.
The expert professionals of the fund are responsible for handling the fund's activities. They can connect with other institutions or administrative services on behalf of the fund to make the investment. They majorly invest in Al Rajhi funds and offer excellent liquidity to traders.
Al Rajhi Multi Asset Balanced Fund is recognized for offering 4.66% returns since its inception. As it is a low-risk fund, individuals get nominal returns on their investments.
Al Rajhi Multi Asset Balanced Fund is a low-risk fund. This fund is ideal for risk-averse investors who wish to gain secure profits.
The minimum amount needed for investing in the Al Rajhi Multi Asset Balanced Fund is SAR 7500. This implies that an investor needs to invest at least this value as they cannot invest any value they wish.
The annual management fee of Al Rajhi Multi Asset Balanced Fund is 0%. This states that the fund doesn't charge any value for handling the client's portfolio.
Al Rajhi Multi Asset Balanced Fund is an open-ended fund. This enables investors to redeem the fund's units seamlessly.
Al Rajhi Multi Asset Balanced Fund is successfully handled by Al Rajhi Capital. It ranks amongst the top asset managers in Saudi Arabia.
The primary objective of the Al Rajhi Multi Asset Balanced Fund is to gain long-tenure wealth appreciation by investing in Shariah-compliant securities.
0.02% is the expense ratio of the Al Rajhi Multi Asset Balanced Fund. this value refers to the expenses done in managing the fund, which traders need to pay.