Senfin Growth Fund vs Senfin Select Factor Fund

Both funds are run by Senfin Asset Management (Pvt) Ltd, so this is a comparison within one house rather than between two. That removes a variable: the same investment team, the same operational setup and the same trustee arrangements sit behind each. What is left to separate them is what each fund is mandated to hold and what it charges for doing so.

The clearest difference is the management fee. Senfin Select Factor Fund charges 1.00% a year against Senfin Growth Fund's 1.75%, a gap of 0.75 percentage points. On LKR 100,000 held for a year that is about LKR 750 more retained by a holder of Senfin Select Factor 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, −1.50% and −1.21%, which is common between two equity 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. Senfin Select Factor Fund has annualised volatility of 18.72% against Senfin Growth Fund's 30.67%, meaning Senfin Growth Fund's unit price has swung roughly 1.6 times as much day to day. Their largest peak-to-trough falls over the period we hold prices for were −12.30% and −19.49%. 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 15 equity funds we price daily, Senfin Growth Fund ranks 4th on 180-day return and Senfin Select Factor Fund 3rd, against a category median of −4.51% over the same window. On fee they sit 12th and 2nd cheapest of the 15, where the median is 1.50%. On how much the price has moved, Senfin Growth Fund is 15th steadiest and Senfin Select Factor Fund 9th.