NAMAL launches Retirement Savings Plan

Friday, 8 November 2013 00:00 - - {{hitsCtrl.values.hits}}

National Asset Management Limited (NAMAL) yesterday announced the launch of the NAMAL Retirement Savings Plan. “The NAMAL Retirement Savings Plan enables investors to plan for a prosperous retirement by investing regular fixed amounts,” stated NAMAL Head of Sales and Structuring Charana Jayasuriya. “The plan encourages retail investors to save in a disciplined manner and benefit from medium to long term capital appreciation,” he added.

Retail investors can make regular investments starting from Rs 1,000 per month. Historical performance reveals that such an investment during the past 20 year period would have generated a total return of over Rs. 1.5 million. The plan is linked to the flagship National Equity Fund which has provided an annualised return of 14.7% for the past 22 years. NAMAL is Sri Lanka’s first Unit Trust Management Company, with a 22-year track record of successfully investing in the Sri Lankan equity and debt markets with assets under management exceeding Rs. 10 Billion. NAMAL currently operates eight Unit Trusts including the flagship National Equity Fund and the only listed Unit Trust. Principal shareholders of NAMAL are Union Bank of Colombo PLC and DFCC Bank PLC. NAMAL was recently awarded the Best Investment Management Company in Sri Lanka and received the “Investment Management Award, 2013” by World Finance, a leading financial publication of World News Media Ltd.