First Capital Wealth 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 Wealth Fund returned +2.86% and Senfin Dynamic Income Fund returned +2.74%, both to 26 Aug 2026. Senfin Dynamic Income Fund is the cheaper of the two at 0.50% a year against 1.10%. First Capital Wealth Fund has been the steadier, moving 1.5 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 Wealth 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 | +2.86% | +2.74% |
| Management feeA year, deducted before pricing | 1.10% | 0.50% |
| VolatilityAnnualised, from daily prices | 2.18% | 3.36% |
| Largest fallPeak to trough, our record | −0.50% | −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 Wealth 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 clearest difference is the management fee. Senfin Dynamic Income Fund charges 0.50% a year against First Capital Wealth Fund's 1.10%, a gap of 0.60 percentage points. On LKR 100,000 held for a year that is about LKR 600 more retained by a holder of Senfin Dynamic Income 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.
Their 180-day returns are close, +2.86% and +2.74%, which is common between two income / fixed income funds holding similar instruments over the same stretch. When returns converge like this, the fee and the price variability below are what actually separate the two over time.
They have not moved by the same amount. First Capital Wealth Fund has annualised volatility of 2.18% against Senfin Dynamic Income Fund's 3.36%, meaning Senfin Dynamic Income 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 −0.50% 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 Wealth Fund ranks 15th 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 19th and 2nd cheapest of the 19, where the median is 0.50%. On how much the price has moved, First Capital Wealth Fund is 16th steadiest and Senfin Dynamic Income Fund 18th.
Common questions
Which has the lower fee, First Capital Wealth Fund or Senfin Dynamic Income Fund?
Senfin Dynamic Income Fund, at 0.50% a year against 1.10%. 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, First Capital Wealth Fund or Senfin Dynamic Income Fund?
First Capital Wealth Fund, with annualised volatility of 2.18% 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 Wealth 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.
Related
Daily unit prices published by the Unit Trust Association of Sri Lanka (utasl.lk). Performance figures as published by the respective fund managers.