Ceylon Tourism Fund vs NAMAL Growth 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 NAMAL Growth Fund returned +0.18%, both to 26 Aug 2026. Ceylon Tourism Fund is the cheaper of the two at 1.00% a year against 1.50%. NAMAL Growth Fund has been the steadier, moving 1.5 times less than Ceylon Tourism Fund.
Side by side
Returns are price returns on the bid side, computed by us from daily published prices.
| Ceylon Tourism Fund | NAMAL Growth Fund | |
|---|---|---|
| Fund manager | Ceylon Asset Management Limited | National Asset Management Limited |
| Category | Equity | Equity |
| 180-day returnPrice return, bid side | −21.95% | +0.18% |
| Management feeA year, deducted before pricing | 1.00% | 1.50% |
| VolatilityAnnualised, from daily prices | 26.35% | 17.23% |
| Largest fallPeak to trough, our record | −29.46% | −17.55% |
| Minimum investment | LKR 5,000 | – |
| Pricing days we hold | 287 | 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
Ceylon Tourism Fund is run by Ceylon Asset Management Limited and NAMAL Growth Fund by National Asset Management Limited, 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 NAMAL Growth Fund's 1.50%, a gap of 0.50 percentage points. On LKR 100,000 held for a year that is about LKR 500 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, NAMAL Growth Fund returned +0.18% against Ceylon Tourism Fund's −21.95%, a gap of 22.13 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. NAMAL Growth Fund has annualised volatility of 17.23% against Ceylon Tourism Fund's 26.35%, meaning Ceylon Tourism Fund's unit price has swung roughly 1.5 times as much day to day. Their largest peak-to-trough falls over the period we hold prices for were −17.55% and −29.46%. 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 15 equity funds we price daily, Ceylon Tourism Fund ranks 15th on 180-day return and NAMAL Growth Fund 2nd, against a category median of −4.51% over the same window. On fee they sit 2nd and 7th cheapest of the 15, where the median is 1.50%. On how much the price has moved, Ceylon Tourism Fund is 13th steadiest and NAMAL Growth Fund 5th.
Common questions
Which has the lower fee, Ceylon Tourism Fund or NAMAL Growth Fund?
Ceylon Tourism Fund, at 1.00% a year against 1.50%. 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 NAMAL Growth Fund?
NAMAL Growth Fund, with annualised volatility of 17.23% against 26.35%, 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?
Ceylon Tourism Fund opens at LKR 5,000. NAMAL Growth Fund does not publish a minimum through our sources. Confirm with the manager before committing.
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.