ASTRUE Alpha Fund

Unit trust funds are similar to mutual funds, and are an increasingly popular choice among investors because of the following features:
 

• Professionally-managed: Units trusts are managed by professional fund managers who will select the most ideal securities and monitor their performance. It is their responsibility to do the research on your behalf.
• Diversification or “Don’t put all your eggs in one basket.”: Mutual funds typically invest across a range of companies and industries, thereby helping to lower risk in case one company or industry fails.
• Affordability: Most mutual funds have a relatively low rupee amount required for initial investment and subsequent purchases.
• Liquidity: Mutual fund investors can easily redeem their units at any time for the current net asset value (NAV) plus any redemption fees.

ATML (Asset Trust Management Pvt Ltd) is an investment management and scheme management company incorporated in 2008, and licensed by the SEC (Securities and Exchange Commission of Sri Lanka). The primary objective of the company is to provide investment portfolio management services, manage schemes and other related services to our clients.

The company and funds are regulated by the SEC while Hatton National Bank PLC acts as the trustee and custodian for the funds. Hatton National Bank PLC, as the fund’s trustee, will exercise due diligence and vigilance over the fund with their sole objective being safeguarding the interest of the Unit Holders. The Trustee, as the legal owner of the Fund’s assets, will be responsible to ensure that the Fund is managed by the managing company in accordance with all SEC guidelines.

• Citizens of Sri Lanka, individually or jointly.
• Companies and institutions incorporated in Sri Lanka.
• Approved provident funds, pension funds
• Non-Resident Sri Lankans (under schemes approved by the relevant authority)
• Citizens of foreign states, whether resident in or outside Sri Lanka, companies with limited liability or corporate bodies established or incorporated outside Sri Lanka (subject to approval of the Department of Foreign Exchange, Central Bank and the Commission).
• Minors as the first holder when applied jointly with a parent, legally-appointed guardian or curator.

The performance of a scheme is reflected in its NAV (Net Asset Value) which is disclosed on a daily basis on our website (www.atml.lk) as well as the DailyFT newspaper. The mutual funds also publish their own monthly factsheets, interim reports and annual reports with trustee approval.

Mutual funds invest the money collected from investors in securities markets. The performance of a particular scheme of a mutual fund is denoted by its Net Asset Value (NAV). In simple words, NAV is the market value of the securities held by the scheme. Since the market value of securities are liable to change every day, the NAV of a scheme also varies on a day-to-day basis. The NAV per unit is the market value of the securities of a scheme divided by the total number of units of the scheme on any particular date.

Please use live chat to reach us online or you can always directly contact us using contact forms.

You can send a redemption request through our portal, by letter or just send us an email (if you have provided us with an email indemnity). Kindly note that we cannot remit funds to any third-party bank accounts.

Unit creations/redemptions can take place on any day except Weekends, Poya, Mercantile and Bank Holidays, subject to each fund’s cut-off times.

Funds can be transferred electronically or deposited directly into each fund’s bank account at Hatton National Bank PLC. The original customer's copy of the bank deposit slip or electronic fund transfer document (proof of payment) must be sent to the fund managers together with the filled application form for units.

Alternatively, a person may attach a cheque to the filled application form and send it to the fund managers. All cheques and bank drafts must be made payable to the particular fund of your choice and crossed “ACCOUNT PAYEE ONLY”.

Kindly note that ATML does not accept any cash payments.

You will be emailed a transaction confirmation for each new investment on the following working day.

The applicable fees are the Trustee Fee, Custodian Fee, Management Fee and Performance Fee (for Astrue Alpha & Astrue Active Income Funds only). These fees will be charged to the fund and not to individual investors.

In case of the winding up of a scheme, the mutual funds will pay out a sum based on the prevailing NAV at the time, after adjustment for expenses. 

Either the Trustees or the Managers may - by not less than three (03) months’ notice given to other - with the concurrence of the Commission, decide to terminate the Trust. The party hereto terminating the Trust shall (unless the matter shall have been referred to arbitration) give notice thereof to all Holders and by such notice, fix the date at which such termination is to take effect which date shall not be less than three (03) months after service of such notice.