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.
This decision solely depends on your risk appetite and at which stage you are in your personal financial cycle. The stock market is an investment opportunity for investors with high-risk appetite. Whereas fixed income unit trusts are in the low to medium risk spectrum offering above average returns for similar instruments across the financial market platform. It’s better option to earn superior returns with wealth preservation.
The rule of thumb in investing always calls for investors to diversify their investments in different asset classes.
Yes, please find attached the softcopies of the Unit Trust Onboarding documents for a Joint Account.
Note that the Primary and Joint applicant should fill in joint bank account details. We will also need the following source documents-
- Clear copy of Primary applicants NIC (front and back) with billing proof (only if address differs from NIC)
- Clear copy of Joint applicants NIC (front and back) with billing proof (only if address differs from NIC). If minor without NIC with birth certificate
- Bank account statement with the details (Bank, branch, account number) clearly visible – as mentioned it should be a joint bank account held by the Primary and Joint applicant
Yes, please find attached the softcopies of the Unit Trust Onboarding documents for a Corporate Account.
- Company secretary certified copies of Statutory Documents (Form 1 / 20 / 15 / Certificate of Incorporation)
- Company secretary certified copy of Articles of Association
- Certified copies of UBO’s / Directors’ / Authorized signatories NIC/PPs
Audited accounts (if available)
- Form 13 (if address differ from Form 1)
**As you do not need to maintain any minimum balance, we suggest ticking all the funds, to avoid unnecessary paperwork afterwards; it is completely up to you
***Needs to drill down to natural persons with equity interest of more than 10%. If the corporate client is owned by another body corporate (registered company), we will need the Holding Company’s Form 15 and the natural persons with equity interest of more than 10% mentioned.
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 Download Fund Fact Sheets
| Fund | Risk Appetite | Liquidity |
|---|---|---|
| Capital Alliance Investment Grade Fund | Low | Overnight |
| Capital Alliance Fixed Income Opportunities Fund | Medium | Medium term |
| Capital Alliance Income Fund | High | Long 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 |
Below quoted is the 30 Day Annualized return as at 14/11/2022 for the CAL Fixed Income Opportunities Fund
. Other funds can have different yields based on market conditions and performance. Unit Trust returns are subject to market volatility, past performance is not an indicator of future returns.
Please visit https://portal.cal.lk and register using your NIC/Passport number, valid mobile and email. There you will find the option to register for CAL Unit Trust Funds, see our Web Guide. Please have your NIC, recent Billing Address Proof (utility bill, bank statement etc) and recent Bank statement ready for a smooth signup.
Video Guide
You can follow the same process as above using our mobile App ‘CAL Online’ from the Apple App Store or Google Play Store.