CT Smith Growth Equity Fund vs NDB Wealth Growth Fund

CT Smith Growth Equity Fund is run by CT Smith Asset Management (Pvt) Ltd and NDB Wealth Growth Fund by NDB Wealth Management 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 two charge almost the same management fee, 2.25% and 2.25% 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, CT Smith Growth Equity Fund returned −6.50% against NDB Wealth Growth Fund's −10.46%, a gap of 3.96 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 17.63% and 16.63%. 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 NDB Wealth Growth 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, CT Smith Growth Equity Fund ranks 9th on 180-day return and NDB Wealth Growth Fund 12th, against a category median of −4.51% over the same window. On fee they sit 13th and 13th cheapest of the 15, where the median is 1.50%. On how much the price has moved, CT Smith Growth Equity Fund is 6th steadiest and NDB Wealth Growth Fund 4th.