Darayh Money Market Fund
Darayh Money Market Fund
Open End - Public Fund |
Saudi Riyal
The fund aims to preserve capital by investing in short-term cash instruments that comply with the fund’s Sharia standards, providing investors with diversification through investment in money market funds.
Min. Amount for Subscription
100 SAR
Evaluation
Daily on business days in Saudi Arabia
Degree of Risk
Low
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Darayh Money Market Fund Most Important Features
- The fund aims to preserve capital.
- The fund offers high liquidity due to the short duration of investments.
- Investing in money market funds enhances diversification in investors' portfolios.
- Investing in money market funds allows benefiting from rising interest rates and achieving substantial returns.
- All fund investments comply with the standards approved by the fund's Sharia board..
- Diversification in deposit maturity periods..
- Multiple counterparties with investment limits for each party.
Darayh Money Market Fund Specifications
0.40 %
Management Fees
of the Fund’s Net Assets Value annually
10
Unit price at offering
SAR
0%
Subscription Fees
0%
Refund Fees
Derayah money Market Fund Performance
| Unit Price | 10.0263 |
|---|---|
| Valuation Date | 2024/07/01 |
| Change Previous Valuation % | 0.01 |
| Change YTD % | 5.46 |
| Change Since Inception % | 0.26 |
|---|---|
| Fund Borrowing | 00.00 |
Important Documents
You Can Download it from Derayah Darayh Money Market Fund