Ceybank Savings Plus Money Market Fund vs NDB Wealth Money Plus Fund

Ceybank Savings Plus Money Market Fund is run by Ceybank Asset Management Ltd and NDB Wealth Money Plus Fund by NDB Wealth Management Ltd, so this compares two houses as well as two funds. Both are money market 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, 0.75% and 0.65% 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.

Over the 180 days to the date shown, NDB Wealth Money Plus Fund returned +4.02% against Ceybank Savings Plus Money Market Fund's +2.67%, a gap of 1.35 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 0.56% and 0.70%. 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.

Ceybank Savings Plus Money Market Fund opens at LKR 1,000 where NDB Wealth Money Plus Fund requires LKR 5,000, so for a smaller first investment only one of the two is available at all.

Among the 19 money market funds we price daily, Ceybank Savings Plus Money Market Fund ranks 19th on 180-day return and NDB Wealth Money Plus Fund 13th, against a category median of +4.18% over the same window. On fee they sit 17th and 15th cheapest of the 19, where the median is 0.50%. On how much the price has moved, Ceybank Savings Plus Money Market Fund is 6th steadiest and NDB Wealth Money Plus Fund 10th.