About Saudi Riyal Money Market Fund
Saudi Riyal Money Market Fund is an investment fund profile on SNDUK. This page explains Saudi Riyal Money Market Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
Saudi Riyal Money Market Fund is managed by SAB Invest. Fund type: money_market. Fund code: RMF. Assets under management: 58010988. Minimum investment: 5000 ريال. Inception date: 12/2/1994.
Saudi Riyal Money Market Fund is an open-ended public investment fund in the money market funds category, managed by SAB Invest, and classified as low risk. The Fund aims to achieve steady growth of invested capital while preserving it to the greatest extent possible through investment in money market instruments.
The Fund’s strategy focuses primarily on deposits and term Murabaha transactions, with investments ranging between 50% and 100% of net assets, with the possibility of investing up to 20% in debt instruments such as bonds and Sukuk. The Fund may also invest up to 20% in structured investment products linked to interest rates, up to 50% in mutual investment funds licensed by the Capital Market Authority, in addition to up to 25% in fixed-income debt funds.
The Fund uses the one-day SAIBOR index (SAIBOR) as a benchmark for measuring performance. Subscriptions and redemptions are processed on every business day on which the financial markets in the Kingdom of Saudi Arabia are open. The minimum subscription is SAR 5,000, the minimum additional subscription is SAR 2,000, and the minimum redemption is SAR 2,000. Redemption proceeds are paid before the end of the second business day following the approved valuation day.
Saudi Riyal Money Market Fund fund details
Saudi Riyal Money Market Fund is managed by SAB Invest. The asset manager oversees portfolio decisions and fund operations for Saudi Riyal Money Market Fund.
Saudi Riyal Money Market Fund is classified as a money_market fund, which shapes its risk profile and investment universe.
Investors can identify Saudi Riyal Money Market Fund in market data using fund code RMF.
Saudi Riyal Money Market Fund reports assets under management of 58010988.
The minimum investment amount to participate in Saudi Riyal Money Market Fund is 5000 ريال.
Saudi Riyal Money Market Fund was launched on 12/2/1994, giving investors a track record to evaluate long-term performance.
Saudi Riyal Money Market Fund performance summary
Return over 1 week: +0.0767%. Return over 1 month: +0.3272%. Return over 3 months: +0.9652%. Return over 6 months: +1.9488%. Return over 1 year: +4.1565%. Return over since inception: +77.8763%.
Use this SNDUK fund page to review Saudi Riyal Money Market Fund returns, manager details, and strategy before investing.
SNDUK publishes Saudi Riyal Money Market Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
