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  2014-04-22  Ceylon Index Fund Create: 48.30 / Redeem: 46.44 up    Ceylon Tourism Fund Create: 6.37 / Redeem: 6.13 up    Ceylon Financial Sector Fund Create: 8.46 / Redeem: 8.11 up    Ceylon Income Fund Create: 13.69 / Redeem: 13.69 up    Ceylon IPO Fund Create: 11.34 / Redeem: 11.11 up    Ceylon Gilt-Edged Fund Create: 12.68 / Redeem: 12.68    ASPI 6191.83 4.8 0.08 YTD: 4.23% up    Tourism TOP 10 811.17 7.7 0.96 YTD: -3.25% up    Finance Top 10 846.74 3.45 0.41 YTD: 22.17% up    Top 10 Index 2600.61 4.46 0.17 YTD: 13.66% up    S & P SL 20 Index 3397.42 2.48 0.07 YTD: 10.13% up    John Keells Holdings 239.90 0.9 0.38 down    Commercial Bank of Ceylon 127.90 0.4 0.31 down    Dialog Axiata 9.20 0 0 down    Aitken Spence Holdings  97.00 -0.9 -0.92    Aitken Spence Hotels Holdings 75.90 2.4 3.27 up    Hatton National Bank 157.00 2 1.29 up    Distilleries Company of Sri Lanka  205.50 0.5 0.24 down    Access Engineering PLC 23.50 -0.2 -0.84    The Lion Brewery Ceylon PLC 400.00 -6 -1.48    Chevron Lubricants Lanka  268.00 -5 -1.83 up    
Ceylon Income Fund

The best performing Unit Trust in Sri Lanka. Annualized year to date (14th November) return of Ceylon Income Fund is 10.88%.

After tax return of 12.39% in financial year 2010/11. The top performing fixed income fund in 2010/11 at the lowest cost in Sri Lanka.

Invests in Sri Lanka corporate debt instruments rated “Investment Grade” (BBB - or better). Maximum single exposure limit is 15% per company.

Tax exempt returns. Tax advantage of 18% for corporate tax payers.

Please click to download Ceylon Income Fund Presentation

Unit Trust Association Performance Summary



Investment Rationale

Our target return in the Ceylon Income Fund is to provide a yield of 3.5 % over the One-year Treasury bill rate annually. In order to achieve this target rate, the following fixed income instruments are considered:
Corporate Debt Instruments* Bank Deposits, Securities Issued or Guaranteed by Banks and Government Securities
*investment grade risk, (rated BBB- or better by Fitch or RAM Ratings)

Tax Saving for Corporates of 18%
 
Corporate Bodies that invest in the Ceylon Income Fund, gain a 18% tax saving on Interest income. Companies are usually liable for Corporate Tax of 28% on interest income in their Profit & Loss Account. By investing with Ceylon Income Fund that incurs a maximum tax burden of 10%, enabling tax free distributions. The companies too can limit their tax burden to 10%. All distributions are tax free in the hands of both individual investors and corporate clients.

Income Distribution Policy

Net Income, (i.e. net of operating fees and expenses of the fund) will be distributed annually. Please contact us for more information.

Risk Factors

Since the fund is invested in a combination of rated Corporate Debt Instruments, Bank and Government Securities, the maximum diversified risk of the fund is "investment grade risk", (BBB- or better).
Buying Price Selling Price
T-Bill & Bond Rates as at 23/04/2014
 Period  % Per Annum
 Overnight 7.00 %
 3 Months 7.11 %
 6 Months 7.21 %
 12 Months 7.35 %
 3 Year 7.99 %
 5 Year 8.50 %
 
Right click on the graph to view full screen
Who May Invest

1. Citizens of Sri Lanka

2. Companies and institutions incorporated in Sri Lanka

3. Foreign institutions and individuals (Gazette No - 1719/22)

4. Minors under the age of 18 years provided the application is made by a duly appointed guardian.

Investment Restrictions


The manager will make investments within the parameters set out by the Securities and Exchange Commission of Sri Lanka (SEC) directives and guidelines issues by the SEC from time to time as well as the Unit Trust Deed of the Ceylon Income Fund.

Unless permitted by the SEC, the manager will not make investments on the following:

a.    Any investment for the purpose of gaining management control of a company.

b.    Any investment in unlisted securities or foreign securities.

c.    Any investment that involves the Trust in unlimited liability

d.    Leverage by borrowing against securities or buying on margin

e.    Make loans or act as a guarantor or indemnity any person.

f.     Underwrite securities.

g.    Investment in commodities, futures and options.

h.    Investment in real estate.

 
 
Stocks at a Glance     2014-04-22
Index Value Daily Change % Daily Change Monthly
CIF 46.89 0.13 0.28% up 4.76%
CTF 6.19 0.03 0.49% up 4.56%
CFF 8.20 0.04 0.49% up 6.77%
CINF 13.69 0.01 0.07% up 1.56%
IPO Fund 11.11 0.01 0.09% up -0.71%
CGEF 12.68 0 0% 0.79%
ASPI 6191.83 4.8 0.08% up 4.23%
Tourism 10 811.17 7.7 0.96% up 7.06%
Finance 10 846.74 3.45 0.41% up 6.45%
TOP 10 2600.61 4.46 0.17% up 5.37%
S & P SL 20 3397.42 2.48 0.07% up 5.06%
image_of_price_movement
                            
The Colombo Top 10 Index (TOP 10)
Company name Share price No of shares issued Market Capitalization Market Capital %
John Keells Holdings 239.90 851,323,807 204,232,581,299 23.99
Commercial Bank of Ceylon 127.90 779,225,073 99,662,886,837 12.32
Dialog Axiata 9.20 8,143,778,405 74,922,761,326 10.67
Aitken Spence Holdings 97.00 405,996,045 39,381,616,365 13.39
Hatton National Bank 157.00 317,569,919 49,858,477,283 7.41
Distilleries Company of Sri Lanka 205.50 300,000,000 61,650,000,000 7.07
The Lion Brewery Ceylon PLC 400.00 80,000,000 32,000,000,000 4.86
Aitken Spence Hotels Holdings 75.90 336,290,010 25,524,411,759 4.01
Chevron Lubricants Lanka 268.00 120,000,000 32,160,000,000 3.96
Access Engineering PLC 23.50 1,000,000,000 23,500,000,000 3.79
Total     576,420,209,304 91.47