CAL Balanced Fund vs Ceybank Unit Trust
Prices as at 26 Aug 2026. Both are balanced 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 CAL Balanced Fund returned −8.58% and Ceybank Unit Trust returned −6.94%, both to 26 Aug 2026. CAL Balanced Fund is the cheaper of the two at 0.75% a year against 1.65%. CAL Balanced Fund opens at LKR 100.
Side by side
Returns are price returns on the bid side, computed by us from daily published prices.
| CAL Balanced Fund | Ceybank Unit Trust | |
|---|---|---|
| Fund manager | Capital Alliance Investments Ltd | Ceybank Asset Management Ltd |
| Category | Balanced | Balanced |
| 180-day returnPrice return, bid side | −8.58% | −6.94% |
| Management feeA year, deducted before pricing | 0.75% | 1.65% |
| VolatilityAnnualised, from daily prices | 24.52% | 16.86% |
| Largest fallPeak to trough, our record | −20.67% | −12.61% |
| Minimum investment | LKR 100 | LKR 1,000 |
| Pricing days we hold | 327 | 324 |
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
CAL Balanced Fund is run by Capital Alliance Investments 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. CAL Balanced Fund charges 0.75% a year against Ceybank Unit Trust's 1.65%, a gap of 0.90 percentage points. On LKR 100,000 held for a year that is about LKR 900 more retained by a holder of CAL Balanced 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 CAL Balanced Fund's −8.58%, a gap of 1.64 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 24.52% 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.
CAL Balanced Fund opens at LKR 100 where Ceybank Unit Trust requires LKR 1,000, so for a smaller first investment only one of the two is available at all.
Among the 8 balanced funds we price daily, CAL Balanced Fund ranks 6th on 180-day return and Ceybank Unit Trust 5th, against a category median of −6.93% over the same window. On fee they sit 1st and 7th cheapest of the 8, where the median is 1.00%. On how much the price has moved, CAL Balanced Fund is 7th steadiest and Ceybank Unit Trust 1st.
Common questions
Which has the lower fee, CAL Balanced Fund or Ceybank Unit Trust?
CAL Balanced Fund, at 0.75% a year against 1.65%. 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, CAL Balanced Fund or Ceybank Unit Trust?
Neither is markedly steadier: 24.52% against 16.86% annualised, measured from daily prices. That is a normal result for two funds in the same category.
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?
CAL Balanced Fund opens at LKR 100 and Ceybank Unit Trust 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.
Related
Daily unit prices published by the Unit Trust Association of Sri Lanka (utasl.lk). Performance figures as published by the respective fund managers.