JB Vantage Short Term Gilt Fund vs LYNEAR Wealth Liquid Money Fund

JB Vantage Short Term Gilt Fund is run by JB Financial (Pvt) Ltd and LYNEAR Wealth Liquid Money Fund by Lynear Wealth Management (Pvt) Ltd, so this compares two houses as well as two funds. Both are money market 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, 0.40% 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.

Their 180-day returns are close, +3.89% and +4.18%, which is common between two money market 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. LYNEAR Wealth Liquid Money Fund has annualised volatility of 0.34% against JB Vantage Short Term Gilt Fund's 0.60%, meaning JB Vantage Short Term Gilt Fund's unit price has swung roughly 1.8 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.

LYNEAR Wealth Liquid Money Fund opens at LKR 100,000 where JB Vantage Short Term Gilt Fund requires LKR 1,000,000, so for a smaller first investment only one of the two is available at all.

Among the 19 money market funds we price daily, JB Vantage Short Term Gilt Fund ranks 16th on 180-day return and LYNEAR Wealth Liquid Money Fund 10th, against a category median of +4.18% over the same window. On fee they sit 4th and 6th cheapest of the 19, where the median is 0.50%. On how much the price has moved, JB Vantage Short Term Gilt Fund is 7th steadiest and LYNEAR Wealth Liquid Money Fund 4th.