CAL Five year Optimum Fund vs NDB Wealth Income Plus 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 Five year Optimum Fund returned +1.40% and NDB Wealth Income Plus Fund returned +2.88%, both to 26 Aug 2026. NDB Wealth Income Plus Fund is the cheaper of the two at 0.50% a year against 1.00%. NDB Wealth Income Plus Fund has been the steadier, moving 3.9 times less than CAL Five year Optimum Fund.
Side by side
Returns are price returns on the bid side, computed by us from daily published prices.
| CAL Five year Optimum Fund | NDB Wealth Income Plus Fund | |
|---|---|---|
| Fund manager | Capital Alliance Investments Ltd | NDB Wealth Management Ltd |
| Category | Income / Fixed Income | Income / Fixed Income |
| 180-day returnPrice return, bid side | +1.40% | +2.88% |
| Management feeA year, deducted before pricing | 1.00% | 0.50% |
| VolatilityAnnualised, from daily prices | 1.47% | 0.38% |
| Largest fallPeak to trough, our record | −1.54% | – |
| Minimum investment | LKR 100 | LKR 5,000 |
| Pricing days we hold | 315 | 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 Five year Optimum Fund is run by Capital Alliance Investments Ltd and NDB Wealth Income Plus 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. NDB Wealth Income Plus Fund charges 0.50% a year against CAL Five year Optimum Fund's 1.00%, a gap of 0.50 percentage points. On LKR 100,000 held for a year that is about LKR 500 more retained by a holder of NDB Wealth Income Plus 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, NDB Wealth Income Plus Fund returned +2.88% against CAL Five year Optimum Fund's +1.40%, a gap of 1.48 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.
They have not moved by the same amount. NDB Wealth Income Plus Fund has annualised volatility of 0.38% against CAL Five year Optimum Fund's 1.47%, meaning CAL Five year Optimum Fund's unit price has swung roughly 3.9 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.
CAL Five year Optimum Fund opens at LKR 100 where NDB Wealth Income Plus 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 Five year Optimum Fund ranks 18th on 180-day return and NDB Wealth Income Plus Fund 14th, against a category median of +3.71% over the same window. On fee they sit 16th and 2nd cheapest of the 19, where the median is 0.50%. On how much the price has moved, CAL Five year Optimum Fund is 14th steadiest and NDB Wealth Income Plus Fund 6th.
Common questions
Which has the lower fee, CAL Five year Optimum Fund or NDB Wealth Income Plus Fund?
NDB Wealth Income Plus Fund, at 0.50% a year against 1.00%. 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 Five year Optimum Fund or NDB Wealth Income Plus Fund?
NDB Wealth Income Plus Fund, with annualised volatility of 0.38% against 1.47%, 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 Five year Optimum Fund opens at LKR 100 and NDB Wealth Income Plus 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.