CAL Gilt Fund vs Ceybank Gilt Edge Fund (A Series)
Prices as at 26 Aug 2026. Both are gilt / short-term treasury 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 Gilt Fund returned +3.59% and Ceybank Gilt Edge Fund (A Series) returned +3.90%, both to 26 Aug 2026. Both charge close to the same management fee, 0.50% and 0.50%. CAL Gilt Fund has been the steadier, moving 4.3 times less than Ceybank Gilt Edge Fund (A Series).
Side by side
Returns are price returns on the bid side, computed by us from daily published prices.
| CAL Gilt Fund | Ceybank Gilt Edge Fund (A Series) | |
|---|---|---|
| Fund manager | Capital Alliance Investments Ltd | Ceybank Asset Management Ltd |
| Category | Gilt / Short-Term Treasury | Gilt / Short-Term Treasury |
| 180-day returnPrice return, bid side | +3.59% | +3.90% |
| Management feeA year, deducted before pricing | 0.50% | 0.50% |
| VolatilityAnnualised, from daily prices | 0.30% | 1.28% |
| Largest fallPeak to trough, our record | −0.09% | −0.52% |
| Minimum investment | LKR 100 | LKR 1,000 |
| Pricing days we hold | 329 | 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 Gilt Fund is run by Capital Alliance Investments Ltd and Ceybank Gilt Edge Fund (A Series) by Ceybank Asset Management Ltd, so this compares two houses as well as two funds. Both are gilt / short-term treasury 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 two charge almost the same management fee, 0.50% and 0.50% a year. In a category where the funds hold similar instruments, a fee difference is often the largest durable difference between two products; here it is not, so the comparison rests on what each holds and how much its price has moved.
Their 180-day returns are close, +3.59% and +3.90%, which is common between two gilt / short-term treasury 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 Gilt Fund has annualised volatility of 0.30% against Ceybank Gilt Edge Fund (A Series)'s 1.28%, meaning Ceybank Gilt Edge Fund (A Series)'s unit price has swung roughly 4.3 times as much day to day. Their largest peak-to-trough falls over the period we hold prices for were −0.09% and −0.52%. Volatility describes how the price has behaved, not how likely a loss is, and a fund that has been steady can still fall.
CAL Gilt Fund opens at LKR 100 where Ceybank Gilt Edge Fund (A Series) requires LKR 1,000, so for a smaller first investment only one of the two is available at all.
Among the 8 gilt / short-term treasury funds we price daily, CAL Gilt Fund ranks 3rd on 180-day return and Ceybank Gilt Edge Fund (A Series) 1st, against a category median of +3.11% over the same window. On fee they sit 1st and 1st cheapest of the 8, where the median is 0.50%. On how much the price has moved, CAL Gilt Fund is 2nd steadiest and Ceybank Gilt Edge Fund (A Series) 6th.
Common questions
Which has the lower fee, CAL Gilt Fund or Ceybank Gilt Edge Fund (A Series)?
They are close: CAL Gilt Fund charges 0.50% a year and Ceybank Gilt Edge Fund (A Series) charges 0.50%. Both figures are as last published by the fund manager.
Which is less volatile, CAL Gilt Fund or Ceybank Gilt Edge Fund (A Series)?
CAL Gilt Fund, with annualised volatility of 0.30% against 1.28%, 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 Gilt Fund opens at LKR 100 and Ceybank Gilt Edge Fund (A Series) 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.