NDB Wealth Management Money Fund: Ideal alternative to savings accounts

8 November 2022 10:12 am Views - 202

• Offered 25% p.a as at 25th October for account holders

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

 

Ruwan Perera

NDB Wealth Money Fund has continued its market dominance with over Rs. 41.9 billion assets under management as at 30th September 2022, with a carrying yield of 25 percent per annum as at 25th 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 island-wide, 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 recognized software, custom-built services and a team of strong Relationship Managers. 

Speaking with the Chief Executive Officer, NDB Wealth Management Ltd - 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, NDB Wealth Management Ltd - 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.”