Ceylon IPO Fund

  • CEYLON IPO FUND

    For the first time in Sri Lanka, a Unit Trust Invests exclusively on attractive IPOs on your behalf. The fund offers retail investors an opportunity to secure a larger allocation in IPOs.

  • INVESTMENT RATIONALE

    Many IPOs have been heavily over-subscribed and traded in the market at a significant premium. However due to over subscription, the allocation per investor has been low.

    Unit trusts have been allocated 10% of each IPO, provided they qualify for the conditions specified by the SEC.

    The fund will not invest in any other shares in the secondary market. Therefore, the fund is formulated to provide maximum returns to its investors in the short term.

  • NATURE OF THE CEYLON IPO FUND

    Open ended fund offering units on a daily basis.

    Maximum investment per investor is Rs. 10 million – defined as a “retail investment”.

    Minimum Investment is Rs. 5,000/-

  • TAX FREE

    All Capital Gains on Units and Income Distributions of the Funds are tax free in the hands of investors.

  • BENEFITS TO THE RETAIL INVESTORS
    • Eligible for 15% of each application
    • No more paperwork
    • Avoid excessive bank charges
    • Earn interest on idle cash
    • Tax Free
    • Flexibility to withdraw your money at anytime
  • INCOME DISTRIBUTION POLICY

    Distributable Income will be derived principally from realized capital gains and dividends received by the Fund. Net income will be distributed at the discretion of the Manager after satisfying operating fees and expenses of the Fund. Investors have the option to re-invest their distribution in units of the Funds.

  • RISK FACTORS

    Being invested in IPO shares, this fund carries the risk of capital appreciation as well as depreciation with fluctuations of the IPO trading prices.

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Fee Structure

  • Front End Fee – 2.00%
  • Management Fee – 1.00% p.a.
  • Trustee & Custodian Fee – 0.30%
  • Exit Fee – NIL