CEYLON MONEY MARKET FUND

  • CEYLON MONEY MARKET FUND

    Ceylon Money Market Fund was launched in June 2015 to give an opportunity to investors to invest in short term corporate debt. The fund employs duration matching and it is valued on a cost plus accrued basis, which ensures that the unit price is not volatile. The fund is open-ended where investor can enter or exit anytime.

  • INVESTMENT RATIONALE

    The fund seeks to achieve a high a level of current income obtainable from investments in short-term securities.  The prudent investment management assures the preservation of capital and the maintenance of liquidity. The fund invests in the following instruments:

    • Investment grade rated corporate debt instrument including commercial papers, trust certificates, fixed deposits with a maturity period of one year or less.
    • Any listed or unlisted debenture with a maturity period of one year or less.
    • Government securities with a maturity period of one year or less.
    • Bank deposits in licensed commercial and specialized banks.
  • BENEFITS OF INVESTING IN THE FUND
    • The fund is valued on a cost plus accrued basis. Therefore, the unit price does not depreciate due to interest rate increase in the market.
    • Only invests in investment grade corporate debt.
    • All receipts of interest, maturity proceeds and capital gains can be repatriated freely into any foreign currency.
    • All income distributions and capital gains from the fund are exempt from income tax in the hands of investors.

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Fee Structure

  • Front End Fee – NIL
  • Management Fee – 0.50% p.a.
  • Trustee & Custodian Fee – 0.20% p.a.
  • Exit Fee – NIL