ASTRUE Money Market Fund vs Softlogic Money Market Fund

ASTRUE Money Market Fund is run by Asset Trust Management (Pvt) Ltd and Softlogic Money Market Fund by Softlogic 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. Softlogic Money Market Fund charges 0.40% a year against ASTRUE Money Market Fund's 0.65%, a gap of 0.25 percentage points. On LKR 100,000 held for a year that is about LKR 250 more retained by a holder of Softlogic Money Market 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, Softlogic Money Market Fund returned +4.70% against ASTRUE Money Market Fund's +4.16%, a gap of 0.54 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 0.72% and 0.66%. 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 19 money market funds we price daily, ASTRUE Money Market Fund ranks 11th on 180-day return and Softlogic Money Market Fund 1st, against a category median of +4.18% over the same window. On fee they sit 15th and 4th cheapest of the 19, where the median is 0.50%. On how much the price has moved, ASTRUE Money Market Fund is 13th steadiest and Softlogic Money Market Fund 9th.