NDB Wealth first in unit trust industry to reach 100bn mark in assets under management

NDB Wealth makes history by becoming the first and only unit trust management company to reach Rs. 100 billion in assets under management since the inception of the Unit Trust Industry. 
Licensed by the Securities and Exchange Commission of Sri Lanka as an Investment Manager and Unit Trust Manager, NDB Wealth is the largest private sector asset management company in Sri Lanka with over Rs. 200 billion in assets under management. 

Its Unit Trust operation caters to all client segments including individual and institutional, servicing over 30,000 clients through its 8 risk rated unit trust product portfolio. Its flagship fund, the NDB Wealth Money Fund, currently yields around 21 percent p.a. as at 28th July 2023, and is an ideal alternative to traditional savings accounts.
NDB Wealth leads the industry by holding a market share of 44 percent as at 30th June 2023 of the total Unit Trust assets under management in Sri Lanka, making them a prominent player in the industry. Their market share in the Money Market Fund category is even more impressive at 73 percent as of 30th June 2023, cementing their dominant position in the market.

NDB Wealth Management Limited’s exponential growth and success can be attributed to its unwavering dedication to enhance customer satisfaction and its ability to provide tailored financial solutions that meet the diverse needs of its clients. By fostering trust, transparency, and excellence, the company has solidified its position as a trusted partner for individuals, families, and institutions seeking expert guidance in managing their wealth.

“Our achievement of surpassing Rs. 100 billion in assets under management is a testament to the trust and confidence that our clients have placed in us,” said Ruwan Perera, CEO of NDB Wealth Management Ltd. 
“We are proud to serve over 20,000 clients, and we remain committed to delivering exceptional financial solutions that help them achieve their goals and secure their financial future. Also, I would like to thank our team for their commitment and hard work during these challenging times to serve customer needs.”

“Amidst the decline in interest rates, our Unit Trust product portfolio has consistently delivered high returns to our investors”, said Vindhya Jayasekera, Chief Investment Officer of NDB Wealth Management Ltd. “Our commitment to active management, rigorous research, and prudent risk management has allowed us to navigate the changing market conditions effectively and seize opportunities to generate attractive yields”.

“One of the key highlights of NDB Wealth Management Limited’s offerings is the NDB Wealth Money Fund, which has consistently delivered outstanding returns to its investors”, said Amaya Nagodavithane, Assistant Vice President, Asset Management of NDB Wealth Management LTD. 

With an impressive current return of 21 percent, the NDB Wealth Money Fund has become a preferred alternative to traditional savings accounts, providing investors with an opportunity to grow their wealth at an accelerated pace.NDB Wealth Management Limited’s commitment to innovation, expertise, and personalized service has been instrumental in its success. The company’s team of experienced financial advisors and investment professionals work closely with each client to develop customized strategies aligned with their specific goals and risk tolerance, ensuring that their wealth is managed effectively in a dynamic market environment.

NDB Wealth is a fully owned subsidiary of NDB Bank - one of the fastest growing financial services conglomerates in Sri Lanka, with the strategic mission to be the leader in the financial services and banking sector.