Our Funds
Trustee and Custodian Banks
Hatton National Bank /
Deutsche Bank AG
Licenced and Regulated by
Securities and Exchange
Commission of Sri Lanka
Ceylon Income Fund
As at 04th December 2024
Buying
32.1050
Selling
32.1050
YTD Performance (Non- Annualized)
11.08 %
Overview
Investment Rationale
The objective of the fund is to safeguard capital and to provide investment-grade corporate debt returns. In order to achieve this objective, the fund will invest in the following instruments:
- Corporate debt instruments rated “Investment Grade” (BBB or better)
- Maximum unlisted single company exposure is 15%- Maximum listed single company exposure is 25%- Maximum BBB category exposure is 25%
- Deposits in licensed commercial banks (to provide liquidity for redemption)
Income Distribution Policy
Net Income, (i.e. net of operating fees, taxes, and expenses of the fund) will be distributed as per the discretion of the manager.
Benefits Of Investing In The Fund
Factors
The primary objective is capital preservation and optimizing investor returns in
the current environment
Rating Limitation: minimum rating requirement (BBB-and above)
78.1% in A- & above rated Banks & Finance Companies
The portfolio average duration is 169 Days
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
0.20% per annum of assets under management
Nil
- Citizens of Sri Lanka
- Companies and institutions incorporated in Sri Lanka
- Foreign institutions and individuals (Gazette No – 1719/22)
- Minors under the age of 18 years provided the application is made by a duly appointed guardian
All capital and profits earned can be repatriated to a pre confirmed designated bank account without restriction.
Account Name : Ceylon Income Fund
Account No : 003010539810
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 CINF by transferring LKR from your account or by depositing a cheque to CINF Account in Hatton National Bank. The details are as follows:
Individual/Joint Investors
- Duly signed application form
- A copy of your NIC / Passport
- A billing proof of address
Corporate Investor
- Application form signed by two authorized signatories
- A Board Resolution giving authority to place investments
- A letter of Authorization with specimen signatures to operate the investment
- Certified copy of Articles of Association
- Certified copy of Certificate of Incorporation
- 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
