Arpico Ataraxia Cash Management Trust Fund vs CT Smith Money Market Fund

Prices as at 26 Aug 2026. Both are money market funds, so they are measured over the same window on the same basis. Past performance is not indicative of future results.

In short

Over the last 180 days Arpico Ataraxia Cash Management Trust Fund returned +4.28% and CT Smith Money Market Fund returned +3.90%, both to 26 Aug 2026. Arpico Ataraxia Cash Management Trust Fund is the cheaper of the two at 0.25% a year against 0.60%. CT Smith Money Market Fund has been the steadier, moving 2.3 times less than Arpico Ataraxia Cash Management Trust Fund.

Side by side

Returns are price returns on the bid side, computed by us from daily published prices.

	Arpico Ataraxia Cash Management Trust Fund	CT Smith Money Market Fund
Fund manager	ArpicoAtaraxia Asset Management Pvt Ltd	CT Smith Asset Management (Pvt) Ltd
Category	Money Market	Money Market
180-day returnPrice return, bid side	+4.28%	+3.90%
Management feeA year, deducted before pricing	0.25%	0.60%
VolatilityAnnualised, from daily prices	0.71%	0.32%
Largest fallPeak to trough, our record	–	–
Minimum investment	LKR 1,000	LKR 1,000
Pricing days we hold	327	300

A blank means unknown, not zero: our price record for that fund does not reach back far enough, or the figure is not published.

What actually differs

Arpico Ataraxia Cash Management Trust Fund is run by ArpicoAtaraxia Asset Management Pvt Ltd and CT Smith Money Market Fund by CT Smith Asset Management (Pvt) Ltd, so this compares two houses as well as two funds. Both are money market funds licensed by the Securities and Exchange Commission of Sri Lanka, which means they are doing broadly the same job, and the differences below are differences in how each house has chosen to do it.

The clearest difference is the management fee. Arpico Ataraxia Cash Management Trust Fund charges 0.25% a year against CT Smith Money Market Fund's 0.60%, a gap of 0.35 percentage points. On LKR 100,000 held for a year that is about LKR 350 more retained by a holder of Arpico Ataraxia Cash Management Trust Fund, before any difference in what the two funds actually earn. The fee is deducted from the fund's assets before the unit price is struck, so it applies whatever the market does — which makes it the one number here that is knowable in advance.

Their 180-day returns are close, +4.28% and +3.90%, which is common between two money market funds holding similar instruments over the same stretch. When returns converge like this, the fee and the price variability below are what actually separate the two over time.

They have not moved by the same amount. CT Smith Money Market Fund has annualised volatility of 0.32% against Arpico Ataraxia Cash Management Trust Fund's 0.71%, meaning Arpico Ataraxia Cash Management Trust Fund's unit price has swung roughly 2.3 times as much day to day. Volatility describes how the price has behaved, not how likely a loss is, and a fund that has been steady can still fall.

Among the 19 money market funds we price daily, Arpico Ataraxia Cash Management Trust Fund ranks 4th on 180-day return and CT Smith Money Market Fund 15th, against a category median of +4.18% over the same window. On fee they sit 2nd and 14th cheapest of the 19, where the median is 0.50%. On how much the price has moved, Arpico Ataraxia Cash Management Trust Fund is 11th steadiest and CT Smith Money Market Fund 3rd.

Common questions

Which has the lower fee, Arpico Ataraxia Cash Management Trust Fund or CT Smith Money Market Fund?

Arpico Ataraxia Cash Management Trust Fund, at 0.25% a year against 0.60%. The management fee is deducted before the unit price is struck, so the returns shown on this page are already after it.

Which is less volatile, Arpico Ataraxia Cash Management Trust Fund or CT Smith Money Market Fund?

CT Smith Money Market Fund, with annualised volatility of 0.32% against 0.71%, measured from the daily prices we collect. That describes how much each price has moved in the past; it is not a prediction and not a risk rating.

Can I hold both funds at the same time?

Yes. Unit trusts are bought independently of each other and holding two does not affect either. Whether holding both makes sense for a particular person depends on their circumstances, which is a question for a licensed investment adviser rather than for this page.

What is the minimum investment for each?

Arpico Ataraxia Cash Management Trust Fund opens at LKR 1,000 and CT Smith Money Market Fund at LKR 1,000. Minimums are set by each fund manager and can change, so treat these as the last published figures rather than a quotation.

This page sets out how two funds differ on measures we can state and date. It is not a recommendation, it does not say which fund is better, and CeylonFunds is not a licensed investment adviser. How every figure is calculated is in our methodology.

Daily unit prices published by the Unit Trust Association of Sri Lanka (utasl.lk). Performance figures as published by the respective fund managers.