First Capital Fixed income Fund vs Senfin Dynamic Income Fund

Prices as at 26 Aug 2026. Both are income / fixed income 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 First Capital Fixed income Fund returned +4.94% and Senfin Dynamic Income Fund returned +2.74%, both to 26 Aug 2026. Both charge close to the same management fee, 0.50% and 0.50%. First Capital Fixed income Fund has been the steadier, moving 2.3 times less than Senfin Dynamic Income Fund.

Side by side

Returns are price returns on the bid side, computed by us from daily published prices.

	First Capital Fixed income Fund	Senfin Dynamic Income Fund
Fund manager	First Capital Asset Management Limited	Senfin Asset Management (Pvt) Ltd
Category	Income / Fixed Income	Income / Fixed Income
180-day returnPrice return, bid side	+4.94%	+2.74%
Management feeA year, deducted before pricing	0.50%	0.50%
VolatilityAnnualised, from daily prices	1.44%	3.36%
Largest fallPeak to trough, our record	−0.07%	−1.56%
Minimum investment	LKR 1,000	LKR 1,000
Pricing days we hold	327	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

First Capital Fixed income Fund is run by First Capital Asset Management Limited and Senfin Dynamic Income Fund by Senfin Asset Management (Pvt) 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 Senfin Dynamic Income Fund's +2.74%, a gap of 2.21 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. First Capital Fixed income Fund has annualised volatility of 1.44% against Senfin Dynamic Income Fund's 3.36%, meaning Senfin Dynamic Income Fund's unit price has swung roughly 2.3 times as much day to day. Their largest peak-to-trough falls over the period we hold prices for were −0.07% and −1.56%. 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 19 income / fixed income funds we price daily, First Capital Fixed income Fund ranks 4th on 180-day return and Senfin Dynamic Income Fund 16th, 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 Senfin Dynamic Income Fund 18th.

Common questions

Which has the lower fee, First Capital Fixed income Fund or Senfin Dynamic Income Fund?

They are close: First Capital Fixed income Fund charges 0.50% a year and Senfin Dynamic Income Fund charges 0.50%. Both figures are as last published by the fund manager.

Which is less volatile, First Capital Fixed income Fund or Senfin Dynamic Income Fund?

First Capital Fixed income Fund, with annualised volatility of 1.44% against 3.36%, 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?

First Capital Fixed income Fund opens at LKR 1,000 and Senfin Dynamic Income 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.

Daily unit prices published by the Unit Trust Association of Sri Lanka (utasl.lk). Performance figures as published by the respective fund managers.