LYNEAR Wealth Liquid Money Fund vs NAMAL High Yield Fund

LYNEAR Wealth Liquid Money Fund is run by Lynear Wealth Management (Pvt) Ltd and NAMAL High Yield Fund by National Asset Management Limited, 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, 0.50% 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.

Their 180-day returns are close, +4.18% and +4.25%, 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 NAMAL High Yield Fund's 0.74%, meaning NAMAL High Yield Fund's unit price has swung roughly 2.2 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.

Among the 19 money market funds we price daily, LYNEAR Wealth Liquid Money Fund ranks 10th on 180-day return and NAMAL High Yield Fund 8th, against a category median of +4.18% over the same window. On fee they sit 6th and 6th cheapest of the 19, where the median is 0.50%. On how much the price has moved, LYNEAR Wealth Liquid Money Fund is 4th steadiest and NAMAL High Yield Fund 15th.