CAL Corporate Treasury Fund vs NDB Wealth Income Fund
Prices as at 26 Aug 2026. Both are income / fixed income 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 Corporate Treasury Fund returned +3.59% and NDB Wealth Income Fund returned +3.71%, both to 26 Aug 2026. CAL Corporate Treasury Fund is the cheaper of the two at 0.50% a year against 0.65%. CAL Corporate Treasury Fund has been the steadier, moving 23.4 times less than NDB Wealth Income Fund.
Side by side
Returns are price returns on the bid side, computed by us from daily published prices.
| CAL Corporate Treasury Fund | NDB Wealth Income Fund | |
|---|---|---|
| Fund manager | Capital Alliance Investments Ltd | NDB Wealth Management Ltd |
| Category | Income / Fixed Income | Income / Fixed Income |
| 180-day returnPrice return, bid side | +3.59% | +3.71% |
| Management feeA year, deducted before pricing | 0.50% | 0.65% |
| VolatilityAnnualised, from daily prices | 0.27% | 6.24% |
| Largest fallPeak to trough, our record | −0.05% | −3.47% |
| Minimum investment | LKR 100 | LKR 5,000 |
| Pricing days we hold | 327 | 327 |
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 Corporate Treasury Fund is run by Capital Alliance Investments Ltd and NDB Wealth Income Fund by NDB Wealth Management Ltd, so this compares two houses as well as two funds. Both are income / fixed income 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 Corporate Treasury Fund charges 0.50% a year against NDB Wealth Income Fund's 0.65%, a gap of 0.15 percentage points. On LKR 100,000 held for a year that is about LKR 150 more retained by a holder of CAL Corporate Treasury 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, +3.59% and +3.71%, which is common between two income / fixed income 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. CAL Corporate Treasury Fund has annualised volatility of 0.27% against NDB Wealth Income Fund's 6.24%, meaning NDB Wealth Income Fund's unit price has swung roughly 23.4 times as much day to day. Their largest peak-to-trough falls over the period we hold prices for were −0.05% and −3.47%. Volatility describes how the price has behaved, not how likely a loss is, and a fund that has been steady can still fall.
CAL Corporate Treasury Fund opens at LKR 100 where NDB Wealth Income Fund requires LKR 5,000, so for a smaller first investment only one of the two is available at all.
Among the 19 income / fixed income funds we price daily, CAL Corporate Treasury Fund ranks 11th on 180-day return and NDB Wealth Income Fund 10th, against a category median of +3.71% over the same window. On fee they sit 2nd and 13th cheapest of the 19, where the median is 0.50%. On how much the price has moved, CAL Corporate Treasury Fund is 2nd steadiest and NDB Wealth Income Fund 19th.
Common questions
Which has the lower fee, CAL Corporate Treasury Fund or NDB Wealth Income Fund?
CAL Corporate Treasury Fund, at 0.50% a year against 0.65%. 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 Corporate Treasury Fund or NDB Wealth Income Fund?
CAL Corporate Treasury Fund, with annualised volatility of 0.27% against 6.24%, 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?
CAL Corporate Treasury Fund opens at LKR 100 and NDB Wealth Income Fund at LKR 5,000. 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.