Unit Trust Funds Explained (FAQ)

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.

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.

 **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

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.

App Store link to CAL Online

Play Store link to CAL Online

CAL Investments is a licensed and registered by the Securities Exchange Commission (SEC) as an Investment Manager and Unit Trust Manager. The funds are regulated by the SEC and Deutsche Bank of Sri Lanka acts as the trustee and custodian ensuring that the SEC guidelines are adhered.

In order to ensure the safety of investor deposits, the Investment decisions are made via a well experienced investment committee which includes leading economists in the likes of Deshal De Mel and Shashika Ranasignhe. Click to view our Investment Committee. In addition, the Investment Grade Fund has been independently rated “Af(lka)” by Fitch Ratings and “[SL]A+mfs” by the International Credit Rating Agency. (ICRA)

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.

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

*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.

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

Please note that unit creations/redemptions do not take place on Weekends, Poya, Mercantile and Bank Holidays. Therefore, unit creations can be done only on Weekdays and non- bank holidays, subject to our cut over times.

In order to ensure timely completion of your fund transfer instructions, please ensure to visit the CAL Portal and perform a creation request after the transfer/s is/are completed.

Please refer to the fund transfer instruction guide for detailed instructions on how to proceed.

Please inform us of any investment instruction/s before 9.00 am via the portal for same day execution. For any investment instruction/s received after 9.00 am, we will execute same on the next working day.

Kindly note that we cannot accept funds from any third-party bank accounts.

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.

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