The First Capital Money Market Fund has been the fastest fund in its category (Open-Ended Money Market Fund) to surpassed Rs 20 billion in Assets Under Management. The fund is managed by First Capital Asset Management Limited the wealth management arm and subsidiary of First Capital Holdings PLC (the Group).
The First Capital Money Market Fund has been the fastest fund in its category (Open-ended Money Market Fund) to surpass Rs. 20 billion in Assets Under Management (AUM). The fund is managed by First Capital Asset Management Limited, the wealth management arm and subsidiary of First Capital Holdings PLC (the Group).
The investment objective of the fund is to provide a high level of liquidity. The portfolio will invest in a combination of short-term government securities, fixed deposits and corporate debt. Mobile App LKR 22.8 Billion Funds Under Management 19.04% Current Yield as at 31.10.2023 Domicile Sri Lanka Currency Sri Lankan Rupee Minimum investment
A money market fund is a mutual fund that invests in high-quality, short-term securities. Money market funds typical hold income-producing investments issued by big corporations and the U.S. Government, among others. These kinds of securities normally don't fluctuate much in value.
First Capital Money Market Fund has been the best performing Unit Trust in its category of "Open- ended Money Market Funds" with highest Compounded Annual Growth Rate (CAGR) for past five years stas at 31 March 2023 (Source: The Unit Trust Association of Sri Lanka).
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first capital money market fund
