NAMAL High Yield Fund vs Premier Money Market Fund

NAMAL High Yield Fund is run by National Asset Management Limited and Premier Money Market Fund by Premier Wealth 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 clearest difference is the management fee. Premier Money Market Fund charges 0.35% a year against NAMAL High Yield Fund's 0.50%, a gap of 0.15 percentage points. On LKR 100,000 held for a year that is about LKR 150 more retained by a holder of Premier Money Market 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, +4.25% and +4.16%, 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. Premier Money Market Fund has annualised volatility of 0.31% against NAMAL High Yield Fund's 0.74%, meaning NAMAL High Yield Fund's unit price has swung roughly 2.4 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, NAMAL High Yield Fund ranks 8th on 180-day return and Premier Money Market Fund 12th, against a category median of +4.18% over the same window. On fee they sit 6th and 3rd cheapest of the 19, where the median is 0.50%. On how much the price has moved, NAMAL High Yield Fund is 15th steadiest and Premier Money Market Fund 2nd.