The primary investment objective of the Astrue Alpha Fund is to achieve capital growth for investors by investing in a portfolio of equities listed on the Colombo Stock Exchange. We are committed to presenting only the most stable yet gainful investment avenues to our clients, making the Astrue Alpha Fund one of the most attractive mutual funds in Sri Lanka.
The Astrue Alpha Fund follows a rational and disciplined investment process in order to capitalize on market opportunities for equity asset management.
This investment process is underpinned by fundamental research with investment strategies based on both quantitative and qualitative methods targeted to produce positive returns over the short, medium and longer-term. The investment philosophy behind this system seeks to integrate economic analysis, security analysis, and private equity portfolio management into a comprehensive process that will maximize the total returns consistently with the minimum acceptable risk.
A top-down equity investment management strategy will be used to allocate assets focusing on structural changes occurring in Sri Lanka and in key investment sectors. Conversely, a bottom-up strategy will be used to select stocks based on fundamental stock analysis focusing on inhouse economic models, the financial strength of companies and an analysis of companies’ business models and their competitive advantage. These two strategies converge to create a sound approach to equity wealth management of our clients which forms the backbone of our investment philosophy.
Under our management, your investment will always remain carefully monitored. Stock purchases and sales will be timed according to the most recent valuations, news flow and liquidity analysis. Each client’s portfolios will be constantly monitored and investments re-appraised, particularly through company visits. Equity selection will comprise of companies that are relatively undervalued compared to their true profitability, have robust management, are cash generative and have improving economic value added.
The Astrue Alpha Fund is ideally suited for all Individuals, Senior Citizens, Professionals, Entrepreneurs, the Business Community, Private Provident Funds, Insurance Companies and Retiring Employees seeking dependable options to invest their Terminal Benefits in.
The ASTRUE Alpha Fund will use a multi-strategy approach to private equity asset management that is designed to generate returns over a range of market conditions when investing a portfolio of equities. By maintaining diversified exposure to multiple strategies such as Growth, Value and Trading, the fund aims to reduce the volatility that can often characterize the use of a single investment strategy, as well as take advantage of various market characteristics while preserving capital during adverse market conditions.
|Nature of the Fund||Open Ended|
|Trustee/Custodian||Hatton National Bank PLC|
|Investment objective||The primary investment objective of the Astrue Alpha Fund is to achieve capital growth for investors by investing in a portfolio of equities listed on the Colombo Stock Exchange.|
|Minimum initial investment||Rs.10,000/- and in multiples of Rs.1,000/- thereafter|
|Launch date||1st July 2014|
|Front-End Fee||1% will be payable on the subscription/purchase of units|
|Management Fee||Fixed fee of 1.5% p.a on the Net Asset Value of the fund|
Performance Fee of 20% of excess returns over the growth in the S&P Sri Lanka 20 index calculated daily and paid out annually
|Trustee Fee||0.25% p.a. on the Net Asset Value of the fund|
|Custodian Fees||Rs.25,000/- per month|
Last updated: 2023-05-03
Last updated: 2023-04-19
Last updated: 2023-06-06
|Date published||Report name||Download|
|2022-09-01||Fund Performances Aug||Download|
01 What is a mutual fund?
A mutual fund is an independent legal entity that pools money from many investors and invests this money in various securities such as stocks, bonds, and short-term debt. The combined holdings of a mutual fund are known as its portfolio. Investors are able to buy units in mutual funds. Each unit represents an investor’s part ownership in the fund and is proportionate to the returns generated by the fund as a whole.
02 Why invest in unit trust funds?
Unit trust funds are similar to mutual funds, and are an increasingly popular choice among investors because of the following features:
03 How safe is my money?
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.
04 Who can invest in Unit Trust Funds?
05 How can I know the performance of mutual fund schemes?
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.
06 What is the Net Asset Value (NAV) of a scheme?
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.
07 How can I invest?
Please use live chat to reach us online or you can always directly contact us using contact forms.
08 How can I withdraw my money?
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.
09 Can I invest and withdraw on any day?
Unit creations/redemptions can take place on any day except Weekends, Poya, Mercantile and Bank Holidays, subject to each fund’s cut-off times.
10 How can I transfer the money to you?
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.
11 Will I get a confirmation/certificate for my investment?
You will be emailed a transaction confirmation for each new investment on the following working day.
12 Are there any fees?
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.
13 If a mutual fund scheme winds up, what happens to the money invested?
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.
Mr. Srimal Liyanage has 16 years of industry experience in developing and leading successful research and asset management teams both locally and internationally. His expertise lies in financial research and investment fields, including financial modeling, fund managing, as well as appraising performance of fund managers.