LYNEAR Wealth Income Fund vs NAMAL Income Fund

LYNEAR Wealth Income Fund is run by Lynear Wealth Management (Pvt) Ltd and NAMAL Income Fund by National Asset Management Limited, 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, 0.65% and 0.60% 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, LYNEAR Wealth Income Fund returned +4.02% against NAMAL Income Fund's +0.92%, a gap of 3.10 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. LYNEAR Wealth Income Fund has annualised volatility of 0.61% against NAMAL Income Fund's 1.86%, meaning NAMAL Income Fund's unit price has swung roughly 3.0 times as much day to day. Their largest peak-to-trough falls over the period we hold prices for were −0.32% and −2.68%. 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, LYNEAR Wealth Income Fund ranks 8th on 180-day return and NAMAL Income Fund 19th, against a category median of +3.71% over the same window. On fee they sit 13th and 12th cheapest of the 19, where the median is 0.50%. On how much the price has moved, LYNEAR Wealth Income Fund is 9th steadiest and NAMAL Income Fund 15th.