The Growth Portfolio Fund was launched on 28 June 2002 with an inception price of SAR 10.The Portfolio is targeted to clients with above average risk/return profile . The Growth Portfolio only invests in SABBINVEST Mutual Funds and Cash in different percentages according to the risk/reward assigned level.
Equity Funds: 70-100%
Local Equity Funds + International Equity Funds
Bond Funds: 0-20%
Money Market Funds: 0-10%
To seek returns in excess of Deposits with emphasis on capital preservation (capital is not guaranteed).
|
Fund Type |
Open Ended |
|
Base Currency of the Fund |
Saudi Riyal |
|
Minimum Initial Subscription |
SAR 50,000 |
|
Minimum Additional Subscription |
SAR 7,500 |
|
Regular Monthly Subscription |
SAR 5,000 |
|
Valuation |
Monthly Every 2nd Saturday |
|
Cut Off time |
Monthly 3 Days prior to the2nd Saturday |
|
Redemption Payout |
2 days after valuation day |
|
Unit price at inception |
SAR 10 |
|
Launch Date |
28 June 2002 |
