First Capital Fixed income Fund vs NDB Wealth Income Plus Fund

First Capital Fixed income Fund is run by First Capital Asset Management Limited and NDB Wealth Income Plus Fund by NDB Wealth Management Ltd, so this compares two houses as well as two funds. Both are income / fixed income 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.

Over the 180 days to the date shown, First Capital Fixed income Fund returned +4.94% against NDB Wealth Income Plus Fund's +2.88%, a gap of 2.07 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. NDB Wealth Income Plus Fund has annualised volatility of 0.38% against First Capital Fixed income Fund's 1.44%, meaning First Capital Fixed income Fund's unit price has swung roughly 3.8 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.

First Capital Fixed income Fund opens at LKR 1,000 where NDB Wealth Income Plus Fund requires LKR 5,000, so for a smaller first investment only one of the two is available at all.

Among the 19 income / fixed income funds we price daily, First Capital Fixed income Fund ranks 4th on 180-day return and NDB Wealth Income Plus Fund 14th, against a category median of +3.71% over the same window. On fee they sit 2nd and 2nd cheapest of the 19, where the median is 0.50%. On how much the price has moved, First Capital Fixed income Fund is 13th steadiest and NDB Wealth Income Plus Fund 6th.