Friday, 30 August 2013 02:47
-
- {{hitsCtrl.values.hits}}
The Comtrust-Adl Mudarabah Fund has recorded impressive growth during its first seven months of operation. The fund, which was launched in January 2013 at the initial unit price of Rs. 10, recently declared a 40 cents per unit dividend to its unit holders from the income earned up to 30 June 2013. As at end-July 2013, the unit price was Rs. 10.61 (prior to the payment of dividend) and this translates to an annualised year-to-date return (AER) of 10.70% p.a.
Structured as a unit trust with the objective of providing short term returns to investors, the fund is an initiative of Adl Capital Ltd. and leading unit trust company, Comtrust Asset Management Ltd. Deutsche Bank functions as Trustee to the fund.
Adl Capital Associate Director Azad Zaheed noted that the fund has provided an attractive return to its investors as against comparable investments. Zaheed attributed the success to the fund’s unique features such as an investor friendly profit sharing ratio (PSR) of 90:10, which ranks among the highest in Sri Lanka’s Islamic finance market, and the absence of entry and exit fees.
The low minimum investment of Rs. 1,000, the flexibility provided to investors/entities to access their funds at short notice and the relatively low risk on investment, given that investments by the fund into any particular institution has a limit placed on it, make the Comtrust-Adl Mudharabah Fund an investment worthy of consideration.
