NDB Wealth first in unit trust industry to reach Rs. 100 b mark in asset under management

NDB Wealth has created history by becoming the first and only unit trust management company to reach Rs. 100 billion in assets under management.

Licensed by the Securities and Exchange Commission of Sri Lanka as an Investment Manager and Unit Trust Manager, NDB Wealth is the largest private sector asset management company in Sri Lanka with over Rs. 200 billion in assets under management. Its Unit Trust operation caters to all client segments including individual and institutional, servicing over 30,000 clients through its eight risk rated unit trust product portfolio. 

Its flagship fund, the NDB Wealth Money Fund, currently yields around 21% p.a. as at 28 July, and is an ideal alternative to traditional savings accounts.

NDB Wealth leads the industry by holding a market share of 44% as at 30 June of the total Unit Trust assets under management in Sri Lanka, making them a prominent player in the industry. Their market share in the Money Market Fund category is even more impressive at 73% as of 30 June, cementing their dominant position in the market. 

NDB Wealth Management’s exponential growth and success can be attributed to its unwavering dedication to enhance customer satisfaction and its ability to provide tailored financial solutions that meet the diverse needs of its clients. By fostering trust, transparency, and excellence, the company has solidified its position as a trusted partner for individuals, families, and institutions seeking expert guidance in managing their wealth.

NDB Wealth Management Ltd. CEO Ruwan Perera said: “Our achievement of surpassing Rs. 100 billion in assets under management is a testament to the trust and confidence that our clients have placed in us.” 

“We are proud to serve over 20,000 clients, and we remain committed to delivering exceptional financial solutions that help them achieve their goals and secure their financial future. Also, I would like to thank our team for their commitment and hard work during these challenging times to serve customer needs,” Perera added.

Chief Investment Officer Vindhya Jayasekera said: “Amidst the decline in interest rates, our Unit Trust product portfolio has consistently delivered high returns to our investors. Our commitment to active management, rigorous research, and prudent risk management has allowed us to navigate the changing market conditions effectively and seize opportunities to generate attractive yields.”

Assistant Vice President, Asset Management Amaya Nagodavithane said: “One of the key highlights of NDB Wealth Management Ltd.’s offerings is the NDB Wealth Money Fund, which has consistently delivered outstanding returns to its investors.”

With an impressive current return of 21%, the NDB Wealth Money Fund has become a preferred alternative to traditional savings accounts, providing investors with an opportunity to grow their wealth at an accelerated pace. NDB Wealth Management’s commitment to innovation, expertise, and personalised service has been instrumental in its success. The company’s team of experienced financial advisors and investment professionals work closely with each client to develop customised strategies aligned with their specific goals and risk tolerance, ensuring that their wealth is managed effectively in a dynamic market environment. 

As NDB Wealth Management Ltd. looks to the future, it remains focused on delivering exceptional value to its customers. The company continues to invest in cutting-edge technology, research capabilities, and talent to provide innovative solutions that adapt to the evolving financial landscape.