Ceybank Century Growth Fund : Equity Fund
Fund Facts at a Glance
Fund Type |
Equity Fund |
Trustee |
National Savings Bank |
Management Fees |
1.65% |
Trustee & Custodian Fees |
0.335% |
Front Load |
3% |
Exit Fee |
Nil |
Minimum Investment |
Rs 5,000/- |
Currency |
Sri Lanka Rupees |
Introduction
Ceybank Century Growth Fund is the first equity Fund launched in Sri Lanka and the second Fund floated by CAML. Ceybank Century Growth Fund has become the largest unit trust in the Growth Fund category in Sri Lanka with net assets over Rs. 1,542 million as at 31st March 2011 , in line with sister Fund's leading position in the Income and Growth Fund category.
Objective
The Fund seeks long term capital appreciation through investing primarily in equity securities listed in the Colombo Stock Exchange. The Fund can invest upto 95% of the assets in equity whilst maintaining 5% of the assets in near cash for reasons of liquidity in Sri Lanka Rupee denominated assets.
Style
The Fund Manager adopts an active portfolio strategy which places particular emphasis upon large capitalized companies that are positioned for long term growth. The Fund strives to diversify the equity investments across economic sectors and individual securities in order to reduce the risk of high exposure to a specific sector or stock.
Risk factors
Investing in Sri Lankan equity include risks normally associated with investing in shares as well as political and economic uncertainties unique to Sri Lanka. Accordingly the unit prices can fluctuate according to the value of underlying investments. Since the investments are denominated in Sri Lanka Rupees, the investors of other currencies will have to bear the risk of currency fluctuations.
Taxation
- Capital Gains Tax - Capital gains are tax-exempt
- Dividends - Dividend paid to unit holders are tax free in the hands of unit holders.
- Withholding Tax - None
Dividend history
| Declaration Date | Dividend Per Unit |
| 30-Sep-1998 | 50 Cents |
| 30-Sep-1999 | 25 Cents |
| 31-Mar-2001 | 35 Cents |
| 31-Mar-2002 | 40 Cents |
| 31-Mar-2003 | 50 Cents |
| 15-Jun-2004 | 75 cents |
| 31-Mar-2005 | Rs.1.00 |
| 31-Mar-2006 | Rs.1.00 |
| 31-Mar-2007 | Rs.1.25 |
| 31-Mar-2008 | Rs.1.00 |
| 31-Mar-2009 | 50 Cents |
| 31-Mar-2010 | Rs.1.0 |
| 31-Mar-2011 | Rs.2.0 |
| Cumulative Dividend | Rs. 10.50 |
*as at 31-March-2011
Fund performance as at 31st March 2011
| Return % | ASI** Movement | |
| 03 Months | 5.72% | 8.89% |
| 06 Months | 2.93% | 3.27% |
| 12 Months | 78.06% | 94.01% |
| 24 Months | 380.23% | 341.14% |
| 36 Months | 257.91% | 183.33% |
* Percentage change in the bid price as at 31-March-2011. Adjusted for dividends.
** ASI - Colombo Stock Exchange All Share Index
Top 10 equity investments as at 31st March 2011
| Company | Portfolio Weight | ASI* Weight |
AITKEN SPENCE HOTEL HOLDINGS PLC |
15.19% | 1.32% |
AMAYA LEISURE PLC |
9.12% | 0.24% |
ROYAL CERAMICS LANKA PLC |
8.53% | 0.71% |
ASIAN HOTELS & PROPERTIES PLC |
7.43% | 1.69% |
HATTON NATIONAL BANK – NV |
6.50% | 2.93% |
SAMPATH BANK PLC |
5.86% | 1.81% |
JOHN KEELLS HOLDINGS PLC |
4.96% | 7.27% |
KELANI VALLEY PLANTATIONS PLC |
4.76% | 0.26% |
LANKA WALLTILE PLC |
4.53% | 0.39% |
SRI LANKA TELECOM PLC |
3.98% | 4.29% |
* ASI - Colombo Stock Exchange All Share Index
** MPI - Colombo Stock Exchange Milanka Price Index
The performance quoted is past performance and is not a guarantee of future results. Unit Trust Funds are subject to certain market risk. Investment returns and principal value of an investment will fluctuate so that an investor's Units, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown.
