Ceylon Money Market Fund vs CT Smith High Yield Fund

Ceylon Money Market Fund is run by Ceylon Asset Management Limited and CT Smith High Yield Fund by CT Smith Asset Management (Pvt) 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, 0.50% 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, +4.62% and +4.26%, which is common between two money market 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. CT Smith High Yield Fund has annualised volatility of 0.65% against Ceylon Money Market Fund's 2.69%, meaning Ceylon Money Market Fund's unit price has swung roughly 4.2 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.

CT Smith High Yield Fund opens at LKR 1,000 where Ceylon Money Market 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, Ceylon Money Market Fund ranks 2nd on 180-day return and CT Smith High Yield Fund 7th, against a category median of +4.18% over the same window. On fee they sit 6th and 6th cheapest of the 19, where the median is 0.50%. On how much the price has moved, Ceylon Money Market Fund is 19th steadiest and CT Smith High Yield Fund 8th.