Softlogic Invest records 37% equity fund returns since inception

Softlogic Invest, one of the newest entrants into the unit trust industry, sealed the completion of its first financial year with the launch of the company’s inaugural annual report, documenting the year ending in March 2021.

The Softlogic Equity Fund is one of the two funds launched by Softlogic Invest on July 8, 2021, aimed to provide growth by investing in the Colombo Stock Exchange (CSE). According to the report, the Softlogic Equity Fund delivered a return of 17.37 percent after all fees, from its inception to the financial year that ended on March 31, 2021. The portfolio continued to give favourable returns to its investors and at the end of August 2021, the fund delivered 37.23 percent return on since inception basis.

“From inception, our strategy has been to concentrate portfolios into key‐value counters while maintaining an appropriate level of diversification. We are greatly honoured by the trust our investors have placed in us, which is evident by our rapidly increasing investor base. As we complete a little over year in operations, we are proud to be home to over 3,500 unitholders among our newly launched two unit trust funds,” remarked Softlogic Invest Chief Executive Officer Niloo Jayatilake.

By the end of March 2021, the Softlogic Equity Fund remained at Rs.99 million and as at end-August 2021, the fund size increased up to Rs.130 million. Unlike most of the other unit trust funds, the Softlogic Equity Fund does not charge any front‐end fees and allows unitholders to invest 100 percent of their investment in the fund, without the deduction of any fees at the time of investment. 

“We are delighted to report these favourable numbers through our first-ever annual report. The challenging year that has been 2021/22 have seen us primarily take position in financial, industrial and material segments. While we don’t allocate funds solely using a top‐down level approach, we carefully select companies that come under these sectors for future value creation. With the success of the first year, the company is well‐placed to continue to deliver high-quality, long‐term growth for all stakeholders,” Softlogic Equity Fund Portfolio Manager Daham Hettiarachchi, CFA stated.

The Softlogic Equity Fund is an open‐ended equity fund that seeks to place undervalued equity investments through a well‐practiced and strategised fundamental analysis. The Softlogic Equity Fund is operated by a highly skilled team of financial experts backed by a wealth of experience. Further, what’s even more exciting is how the investors can easily commence their investment journey with a mere Rs.5,000 and the seamless online journey that Softlogic Invest introduced to Sri Lankans and in the process went onto completely transform the country’s investment sphere.