NDB Wealth Management Money Fund grows with Rs. 35.8 b AUM

Wednesday, 16 November 2022 00:00 - - {{hitsCtrl.values.hits}}

NDB Wealth Management CEO Ruwan Perera

NDB Wealth Money Fund is the largest unit trust fund with Rs. 35.8 billion assets under management (AUM) in the industry as per the statistics published by the Unit Trust Association of Sri Lanka for September 2022.

NDB Wealth overall has continued its market dominance with over Rs. 41.9 billion assets under management as at 30 September 2022, with a carrying yield of 25% per annum as at 25 October 2022, making it an ideal alternative to savings. NDB Wealth Management Ltd. is the largest private sector fund management company in Sri Lanka, with over Rs. 115 billion in Assets Under Management and licensed by the Securities & Exchange Commission of Sri Lanka.

Money Fund account holders can withdraw their funds anytime – giving them the opportunity to gain from higher returns compared to savings accounts with the flexibility of liquidity while having the benefit of lowered risk as the Fund is mainly invested in Treasury Bills.

Catering to over 20,000 customers countrywide NDB Wealth continues to be the preferred investment management company building client relationships founded on trust for over 30 years, accompanied by state-of-the-art internationally recognised software, custom-built services and a team of strong veteran Relationship Managers.

NDB Wealth Management Ltd. CEO Ruwan Perera said: “As an alternative to savings NDB Wealth Money Fund is a great option for anyone who wishes to receive better returns, compared to savings accounts, with the flexibility of anytime withdrawal. Under the current economic conditions and high inflationary environment this would be an ideal, safer option for savings.”

Fund Manager Amaya Nagodavithane said: “At NDB Wealth, we continuously monitor investment conditions in the market and support client plans on savings and investments by providing clients with the best saving or investment choices, taking into consideration the potential risks associated with the investment.”