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.
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.
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/-
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.
Being invested in IPO shares, this fund carries the risk of capital appreciation as well as depreciation with fluctuations of the IPO trading prices.
- Front End Fee – 2.00%
- Management Fee – 1.00% p.a.
- Trustee & Custodian Fee – 0.30%
- Exit Fee – NIL