Tuesday, 29 October 2013 00:43
National Asset Management Limited (NAMAL) announced the launch of two Monthly Investment Plans (MIPs) that offer retail investors an excellent way to plan for future prosperity. The NAMAL Retirement Savings Plan and the NAMAL Parents Savings Plan enable investors to enhance their wealth by investing regularly to benefit from medium to long term capital appreciation.
“The NAMAL Monthly Investment Plans allow retail investors to make regular investments starting from Rs. 1,000 and benefit from capital market growth,” stated Avancka Herat, Executive Director and Chief Investment Officer of NAMAL. “The plans enable retail investors to save in a disciplined manner for long-term goals such as retirement or a child’s education.”
The Plans are linked to the flagship National Equity Fund and NAMAL Growth Fund.
NAMAL Funds have delivered consistent performance for investors. The flagship National Equity Fund, launched in 1991, has given an annualised return of 14.7% for the past 22 years and NAMAL Growth Fund, launched in 1997, has given an annualised return of 16.5% for the past 15 years. The two Funds are the top performing funds in the Balanced and Growth fund categories based on the latest figures released by the Unit Trust Association of Sri Lanka (UTA) as of September 2013.
NAMAL is Sri Lanka’s first Unit Trust Management Company, with a 22 year track record of successfully investing in the Sri Lankan equity and debt markets with assets under management exceeding Rs. 10 billion.
NAMAL currently operates eight Unit Trusts including the flagship National Equity Fund and the only listed Unit Trust. Principal shareholders of NAMAL are Union Bank of Colombo PLC and DFCC Bank PLC. NAMAL was recently awarded the Best Investment Management Company in Sri Lanka and received the ‘Investment Management Award, 2013’ by World Finance, a leading financial publication of World News Media Ltd.