NAMAL Income Fund vs Senfin Dynamic Income Fund

NAMAL Income Fund is run by National 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 two charge almost the same management fee, 0.60% 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.

Over the 180 days to the date shown, Senfin Dynamic Income Fund returned +2.74% against NAMAL Income Fund's +0.92%, a gap of 1.82 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. NAMAL Income Fund has annualised volatility of 1.86% against Senfin Dynamic Income Fund's 3.36%, meaning Senfin Dynamic Income Fund's unit price has swung roughly 1.8 times as much day to day. Their largest peak-to-trough falls over the period we hold prices for were −2.68% 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, NAMAL Income Fund ranks 19th 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 12th and 2nd cheapest of the 19, where the median is 0.50%. On how much the price has moved, NAMAL Income Fund is 15th steadiest and Senfin Dynamic Income Fund 18th.