Our Funds

Trustee and Custodian Banks
Hatton National Bank / Bank of Ceylon /
Deutsche Bank AG
Licenced and Regulated by
Securities and Exchange
Commission of Sri Lanka
Associate Company of
CAM

Ceylon Financial Sector Fund

As at 23rd June 2022

Buying

5.11

Selling

5.33

YTD Performance (Non- Annualized)

-36.91 %

Overview

Investment Rationale

The Fund is an equity fund that invests in shares of the 10 companies that comprise the Finance 10 Index, under portfolio allocations outlined below. The Finance 10 Index is a sector index, covering over 60% of the BFI sector market capitalization and is reviewed quarterly by the investment committee with transparent selection criteria.

Index Selection Criteria

  • Selected from the BFI sector on the basis of market capitalization.
  • A “liquidity test” to qualify for index selection.
  • Corporate Governance and risk management

Risk Factors

  • Exposed to BFI sector stock market risk
  • Comparatively, a low-risk equity portfolio due to the absence of Trading Risk, Speculative Risk, or Fund Manager Risk.
  • Being invested in shares, this Fund carries the risk of capital appreciation as well as depreciation with fluctuations of the Finance 10 Index.
  • The fund maintains 3% in cash and exposure limits as per SEC requirements.
  • The ten companies included in the Index are well researched by analysts to unearth risks and opportunities.

Benefits Of Investing In The Fund

Key Features

  • Invest in 10 of the largest stock in the BFI sector for a minimum investment of Rs. 5,000/-
  • Companies are selected/reviewed quarterly by an independent index committee
  • Diversified portfolio to minimize risk
  • No trading risk or manager risk due to passive index fund management style.
  • All income distributions and capital gains from the fund are exempted from tax within the fund since Unit Trust acts as flow through. However, individual tax brackets will apply to investors.

Investment Details

Bloomberg Code
CEYFINS:SL
Minimum Investment
LKR 5,000/-
Front End Fee
Management Fee
2.00%
1.00% per annum of assets under management
Trustee & Custodian Fees

0.20% per annum of assets under management

Exit Fees

Nil

Investors eligible to invest
  • Citizens of Sri Lanka
  • Companies and institutions incorporated in Sri Lanka
  • Foreign institutions and individuals (Gazette No – 1719/22)
Repatriation

All capital and profits earned can be repatriated to a pre confirmed designated bank account without restriction.

Bank Details

Account Name : Ceylon Financial Sector Fund
Account No : 003010539768
Bank : Hatton National Bank
Branch : Head Office
Country : Sri Lanka
Bank Code : 7083
Branch Code : 003
SWIFT : HBLILK LXXXX
Address : No. 479 T. B. Jayah Mawatha, Colombo 01

Documents Required To Invest In The Fund

Ceylon Asset Management Company Limited does not accept cash.

You may apply for units of CFSF by transferring LKR from your account or by depositing a cheque to CFSF Account in Hatton National Bank. The details are as follows:

Individual/Joint Investors

  1. Duly signed application form
  2. A copy of your NIC / Passport
  3. A billing proof of address

Corporate Investor

  1. Application form signed by two authorized signatories
  2. A Board Resolution giving authority to place investments
  3. A letter of Authorization with specimen signatures to operate the investment
  4. Certified copy of Articles of Association
  5. Certified copy of Certificate of Incorporation
  6. Passport / NIC copies of the authorized signatories Information of Directors and Beneficial Owners

Procedure to Withdrawal

You can turn your units into cash at any time. All you have to do is send us an email to (redemption@ceylonam.com ) and we would transfer the funds to the designated account of yours within 01 working day
Emails received before 9.30 am on a working day, transactions will be processed based on the previous day’s closing price.
Emails received after 9.30 am on a working day, transactions will be processed based on the same day’s closing unit price

Agent

We are here to help, chat with us on WhatsApp with any questions

Agent

We are here to help, chat with us on WhatsApp with any questions