Arpico Ataraxia Equity Income Fund vs Ceybank Unit Trust

Arpico Ataraxia Equity Income Fund is run by ArpicoAtaraxia Asset Management Pvt Ltd and Ceybank Unit Trust by Ceybank Asset Management Ltd, so this compares two houses as well as two funds. Both are balanced 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 Equity Income Fund charges 1.00% a year against Ceybank Unit Trust's 1.65%, a gap of 0.65 percentage points. On LKR 100,000 held for a year that is about LKR 650 more retained by a holder of Arpico Ataraxia Equity Income 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.

Over the 180 days to the date shown, Ceybank Unit Trust returned −6.94% against Arpico Ataraxia Equity Income Fund's −15.14%, a gap of 8.20 percentage points. That is one window: a different 180 days would very likely order them differently, and neither figure predicts the next six months. Both are price returns on the bid side and exclude income a fund distributed rather than accrued into its price.

Both have moved by a similar amount, with annualised volatility of 22.18% and 16.86%. For two funds in the same category that is the expected result, and it means neither has taken noticeably more price movement than the other to arrive at its return.

Among the 8 balanced funds we price daily, Arpico Ataraxia Equity Income Fund ranks 8th on 180-day return and Ceybank Unit Trust 5th, against a category median of −6.93% over the same window. On fee they sit 3rd and 7th cheapest of the 8, where the median is 1.00%. On how much the price has moved, Arpico Ataraxia Equity Income Fund is 6th steadiest and Ceybank Unit Trust 1st.