Frequently Asked Questions

Frequently Asked Questions2020-07-31T12:26:59+00:00
What is a unit trust?2020-07-30T13:25:22+00:00

A unit trust is a pooled fund (contributions made by several investors) with common investment objectives. These pooled funds are then invested in a diversified portfolio of financial instruments such as bank and finance company deposits, corporate debt, shares, government securities etc. in order to earn a return.

The investors are allocated units in exchange for the funds they’ve invested and the return made by the pooled fund are allocated to these unit holders according to the number of units they own.

What is the most suitable fund for me to invest in2020-07-31T12:22:54+00:00

The most suitable fund for you to invest in, depends on how much of a risk you’re willing to take and your requirement to have cash/liquidity in hand.

Fund Risk Appetite Liquidity
Capital Alliance Investment Grade Fund Low Overnight
Capital Alliance Income Fund Medium Medium term
Capital Alliance High Yield Fund High Medium to Long term
Capital Alliance Quantitative Equity Fund High Long term
Capital Alliance Gilt Fund Low Long term
Are my funds safe?2020-07-31T12:23:01+00:00

Deutsche Bank of Sri Lanka acts as trustee and custodian of all CAL’s unit trust funds and CAL’s Investment Grade Fund is the only fund in Sri Lanka to be assigned a rating of A by independent rating agency ICRA Lanka Ltd.

However, it is noteworthy that unlike cash deposits in banks, unit trust funds are not protected by deposit insurance schemes. Therefore, the client bares the risk of not receiving their entire investment amount if the institutions the unit trust funds are invested in face bankruptcy.

Nevertheless, this is highly unlikely as CAL prides itself with some of the leading fund managers in the industry with many years of fund management expertise and we consider the safety of our client’s fund’s as our top most priority. We also strictly abide by the Central Bank guidelines and regulations to make sure we give our clients the best returns undertaking the minimum risk possible.

Can I invest in more than one fund at the same time?2020-07-31T12:23:10+00:00

Yes, you may invest in any number of funds at the same time.

What are the fee structures for the funds?2020-07-31T16:17:43+00:00
Details Income Fund Investment Grade Fund High Yield Fund *Quantitative Equity Fund Gilt Fund
Management Fee 0.50% 0.75% 0.75% 1.50% 0.5%
Custodian Fee 194,400 p.a. 194,400 p.a.  240,000 p.a. 240,000 p.a.  240,000 p.a.
Trustee Fee 0.16% of NAV 0.16% of NAV 0.16%  0.225%  0.16%
Outperformance Fee 10%


*An exit fee of 2% will be charged if funds are withdrawn within a year of the capital investment in the Quantitative Equity Fund.

*It is to be noted that the returns published in the fund fact sheets and the website are net of fees.

What is the current value of a unit?2020-08-04T05:23:56+00:00

Please refer (Invest Management) to obtain the latest unit prices.

Can I transfer funds from and receive funds to a bank account not mentioned in my application?2020-07-31T13:48:35+00:00

Yes, you may do so if you provide a corresponding bank statement issued within the last 3 months or a screenshot/ image of the online banking portal or passbook.

How will I know that my fund transfer successfully went through and the units have been created?2020-07-31T13:51:32+00:00

You will receive a unit confirmation email on the following working day if the units have been successfully created.

How do I transfer funds?2020-08-04T05:35:47+00:00

You can transfer funds to the following bank accounts.

Bank Account Name Current A/C number
Capital Alliance High Yield Fund 0043315000
Capital Alliance Quantitative Equity Fund 0043315003
Capital Alliance Gilt Fund 0043315005
Capital Alliance Investment Grade Fund 0043315006
Capital Alliance Income Fund 0044255000

Account Details

Beneficiary Bank Deutsche Bank
Bank code 7205
Branch code 001
How do I inform you once I perform the fund transfer/deposit?2020-07-31T16:15:39+00:00

Kindly send an email accompanying the fund transfer confirmation slip/screen shot to as per the following email format:

We will be able to create funds on the same working day if fund transfers are informed before 9 am. Transfers informed thereafter will be created the following working day.

Client Name
Client Code
Unit Trust Fund
Creation Amount
Date of Fund Transfer
Mode of Fund Transfer (RTGS, SLIPS, Cheque)
Bank from which funds will be transferred
How do I withdraw funds?2020-07-31T16:40:30+00:00

You can redeem funds by sending an email to in the below format. We will be able to transfer funds on the same day if you send us the email instructions before 9am; if not, we will transfer funds to you on the following working day.

Client Name
Client Code
Unit Trust Fund
Redemption Amount
Date of Fund Transfer
Mode of Fund Transfer (RTGS, SLIPS, Cheque)
Bank from which funds will be transferred
Can I use any mode of fund transfer?2020-07-31T16:46:40+00:00

Please transfer funds via RTGS if the transfer value is above LKR 5Mn and SLIPS if the value is below LKR 5Mn to ensure that funds are transferred successfully. Kindly avoid sending fund transfers via CEFT as there’s a possibility that the transfers will get reversed.

Can I nominate a family member for my investments?2020-08-04T05:11:34+00:00

Yes, you can. You just have to fill in the Nomination form and hand it over to our CAL Head Office.