Ceybank Gilt Edge Fund (A Series) vs CT Smith Gilt-Edged Fund
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 Ceybank Gilt Edge Fund (A Series) returned +3.90% and CT Smith Gilt-Edged Fund returned +2.90%, both to 26 Aug 2026. Ceybank Gilt Edge Fund (A Series) is the cheaper of the two at 0.50% a year against 3.00%. CT Smith Gilt-Edged Fund has been the steadier, moving 3.0 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.
| Ceybank Gilt Edge Fund (A Series) | CT Smith Gilt-Edged Fund | |
|---|---|---|
| Fund manager | Ceybank Asset Management Ltd | CT Smith Asset Management (Pvt) Ltd |
| Category | Gilt / Short-Term Treasury | Gilt / Short-Term Treasury |
| 180-day returnPrice return, bid side | +3.90% | +2.90% |
| Management feeA year, deducted before pricing | 0.50% | 3.00% |
| VolatilityAnnualised, from daily prices | 1.28% | 0.42% |
| Largest fallPeak to trough, our record | −0.52% | – |
| Minimum investment | LKR 1,000 | LKR 1,000 |
| Pricing days we hold | 324 | 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
Ceybank Gilt Edge Fund (A Series) is run by Ceybank Asset Management Ltd and CT Smith Gilt-Edged Fund by CT Smith Asset Management (Pvt) 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 clearest difference is the management fee. Ceybank Gilt Edge Fund (A Series) charges 0.50% a year against CT Smith Gilt-Edged Fund's 3.00%, a gap of 2.50 percentage points. On LKR 100,000 held for a year that is about LKR 2,500 more retained by a holder of Ceybank Gilt Edge Fund (A Series), 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 Gilt Edge Fund (A Series) returned +3.90% against CT Smith Gilt-Edged Fund's +2.90%, a gap of 1.00 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. CT Smith Gilt-Edged Fund has annualised volatility of 0.42% against Ceybank Gilt Edge Fund (A Series)'s 1.28%, meaning Ceybank Gilt Edge Fund (A Series)'s unit price has swung roughly 3.0 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.
Among the 8 gilt / short-term treasury funds we price daily, Ceybank Gilt Edge Fund (A Series) ranks 1st on 180-day return and CT Smith Gilt-Edged Fund 5th, against a category median of +3.11% over the same window. On fee they sit 1st and 8th cheapest of the 8, where the median is 0.50%. On how much the price has moved, Ceybank Gilt Edge Fund (A Series) is 6th steadiest and CT Smith Gilt-Edged Fund 3rd.
Common questions
Which has the lower fee, Ceybank Gilt Edge Fund (A Series) or CT Smith Gilt-Edged Fund?
Ceybank Gilt Edge Fund (A Series), at 0.50% a year against 3.00%. 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, Ceybank Gilt Edge Fund (A Series) or CT Smith Gilt-Edged Fund?
CT Smith Gilt-Edged Fund, with annualised volatility of 0.42% 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?
Ceybank Gilt Edge Fund (A Series) opens at LKR 1,000 and CT Smith Gilt-Edged Fund 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.