Ceybank Gilt Edged Fund : Closed End Gilt-Edged Income Fund
Fund Facts at a Glance
Fund Type |
Closed End Gilt-Edged Income Fund |
Trustee |
National Savings Bank |
Management Fees |
0.60% |
Trustee Fees |
0.15% |
Maturity |
4 Years |
Dividends |
Bi-annual |
Minimum Investment |
Rs 10,000/- |
Currency |
Sri Lanka Rupees |
Introduction
Ceybank Gilt Edged Fund is a Closed End Gilt-Edged Income Fund which invests mainly in a portfolio of Government Securities such as Treasury Bills and Treasury Bonds. The primary investment objective of the Fund is to protect capital and provide a regular stream of income through bi-annual dividends. The Fund has a fixed period of maturity.
Taxation
- Fund
- Income Tax - A corporate tax at 10% on its taxable profit
- Economic Service Charge - 0.5% of Turnover
- Unit Holders
- 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
Investment Risks
Investors should be aware that the price of Units of this Fund and the dividend paid by the Fund can go down as well as up according to the interest rate fluctuations in the market. Investments in Units differ from bank deposits and there is no guarantee of any fixed returns.
The Fund is mainly subject to interest rate risk and re-investment risk during the period of the Fund's maturity.
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.
