An open ended Money market fund investing in short term securities issued by Government of Sri Lanka and corporates to provide higher returns while maintaining liquidity and a stable growth of price.
Investments of this fund will be in Treasury Bills, Treasury Bonds, Treasury Repos, Commercial Papers, and fixed deposits etc. Suitable for investors who value safety of capital and high level of liquidity. Investors can withdraw money anytime with a short notice.
|Fund||Investrust Growth Fund|
|Type||An open-ended Mutual Fund licensed by the Securities and Exchange|
|Investment Objective||To provide higher returns while maintaining liquidity and a stable growth of price.|
|Investment Strategy||The fund will be invested in diversified portfolio of high-quality, short-term money market securities in full compliance with regulations issued by Securities and Exchange Commission of Sri Lanka.|
|Asset Allocation||Government Securities (repo < 91 days) to a minimum of 70% of the total portfolio
Corporate Debt Securities (Investment grade and above) to a maximum of 30% of the total portfolio
|Trustee & Custodian||Deutsche Bank AG, Colombo Branch|
|Minimum Investment||Initial minimum investment is Rs. 100,000/- and multiples of Rs. 10,000/-|
|Investment Price||Manager’s Selling Price on the dealing day|
|Income Distribution||Dividend declaration will be at the discretion of the Manager|
|Currency denomination||Sri Lanka Rupees (LKR)|
|Inception Date||July 15, 2014|
|Fee Structure||Management Fee: 0.35% p.a.
0.20% p.a. (NAV less than LKR 500mn)
0.175% p.a. (NAV LKR 500mn to LKR 1 billion)
0.15% p.a. (NAV more than LKR 1 billion)
|Custodian Fee||LKR 20,000/- per month for the total fund|