Ceylon Tourism Fund vs CT Smith Growth Equity Fund
Prices as at 26 Aug 2026. Both are equity 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 Ceylon Tourism Fund returned −21.95% and CT Smith Growth Equity Fund returned −6.50%, both to 26 Aug 2026. Ceylon Tourism Fund is the cheaper of the two at 1.00% a year against 2.25%. CT Smith Growth Equity Fund opens at LKR 1,000.
Side by side
Returns are price returns on the bid side, computed by us from daily published prices.
| Ceylon Tourism Fund | CT Smith Growth Equity Fund | |
|---|---|---|
| Fund manager | Ceylon Asset Management Limited | CT Smith Asset Management (Pvt) Ltd |
| Category | Equity | Equity |
| 180-day returnPrice return, bid side | −21.95% | −6.50% |
| Management feeA year, deducted before pricing | 1.00% | 2.25% |
| VolatilityAnnualised, from daily prices | 26.35% | 17.63% |
| Largest fallPeak to trough, our record | −29.46% | −15.40% |
| Minimum investment | LKR 5,000 | LKR 1,000 |
| Pricing days we hold | 287 | 300 |
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
Ceylon Tourism Fund is run by Ceylon Asset Management Limited and CT Smith Growth Equity Fund by CT Smith Asset Management (Pvt) Ltd, so this compares two houses as well as two funds. Both are equity 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. Ceylon Tourism Fund charges 1.00% a year against CT Smith Growth Equity Fund's 2.25%, a gap of 1.25 percentage points. On LKR 100,000 held for a year that is about LKR 1,250 more retained by a holder of Ceylon Tourism 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, CT Smith Growth Equity Fund returned −6.50% against Ceylon Tourism Fund's −21.95%, a gap of 15.45 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 26.35% and 17.63%. 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.
CT Smith Growth Equity Fund opens at LKR 1,000 where Ceylon Tourism Fund requires LKR 5,000, so for a smaller first investment only one of the two is available at all.
Among the 15 equity funds we price daily, Ceylon Tourism Fund ranks 15th on 180-day return and CT Smith Growth Equity Fund 9th, against a category median of −4.51% over the same window. On fee they sit 2nd and 13th cheapest of the 15, where the median is 1.50%. On how much the price has moved, Ceylon Tourism Fund is 13th steadiest and CT Smith Growth Equity Fund 6th.
Common questions
Which has the lower fee, Ceylon Tourism Fund or CT Smith Growth Equity Fund?
Ceylon Tourism Fund, at 1.00% a year against 2.25%. 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, Ceylon Tourism Fund or CT Smith Growth Equity Fund?
Neither is markedly steadier: 26.35% against 17.63% annualised, measured from daily prices. That is a normal result for two funds in the same category.
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?
Ceylon Tourism Fund opens at LKR 5,000 and CT Smith Growth Equity 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.