An open-ended fund, MEFIC Saudi Riyal Murabaha Fund, was established on 1st March 2011. The fund has marked its position among the people in Saudi Arabia due to the kinds of returns it offers to them. As it is a low-risk fund, it requires investors to plan their investments for a shorter period of time. Though the fund offers moderate returns, it doesn't require investors to expose their portfolio fully in the market.
With a subscription charge of 0%, investors can begin investing in this fund with a minimum value of SAR 2000. The investment managers have fixed the minimum value at a lower side which doesn't get hard on the investor's pocket. Investors can easily plan their investments by analyzing their expenses and budget.
As it is an open-ended fund, investors get an option to diversify their investments. This means they can invest in both debt and equity instruments. Not only this, they can keep track of the fund's performance regularly and make wise investment decisions.
MEFIC Saudi Riyal Murabaha Fund offers exceptional returns on investments made by traders. However, investors must ensure to invest for a shorter period of time.
MEFIC Saudi Riyal Murabaha Fund is a low-risk fund. This implies that traders can gain profit by making the investment for the short term.
The minimum amount required for investing in the MEFIC Saudi Riyal Murabaha Fund is SAR 2000. This value specifies the amount with which investors can begin the investment.
The annual management fee of MEFIC Saudi Riyal Murabaha Fund is 0.50%. This value is deducted from the investor's profit for making the payment to fund managers.
MEFIC Saudi Riyal Murabaha Fund is an open-ended fund. This states that the fund regularly releases new shares and withdraws existing shares.
MEFIC Saudi Riyal Murabaha Fund is managed by Middle East Financial Investment Company. The firm is recognized for offering exceptional investment services.
The primary objective of MEFIC Saudi Riyal Murabaha Fund is to gain income in the long run by investing in Shariah-compliant equities.
The expense ratio of the MEFIC Saudi Riyal Murabaha Fund is 0.50%. This cost covers several expenses like administrative costs, management fees, etc.