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First Capital Covid-19 Response – April 2021

Dear Valued Clients and Partners,

Our office premises will be closed for walk-in-visits until further notice due to the increased risk of the ongoing pandemic.

However, we have taken all necessary measures to remotely provide an uninterrupted service, and are otherwise, fully operational.

We will be available via phone, mobile, email and our digital platforms to facilitate your investment needs.

We have implemented a few temporary changes as detailed below:

For clients of First Capital Asset Management – Unit Trusts
Cut off times to facilitate Unit Redemptions and Unit Issuances.

Requests for redemptions should be forwarded the day before the redemption.
Requests on unit issuances (investments) should be forwarded before 11.00am on the date of purchase.
Investments made via cheques will be allocated only if realised prior to 11.00am. Cheques realized subsequently will be issued units on the following working day.
For further clarifications please contact Sayuri 0771 535465 sayuri@firstcapital.lk or Imali 0771 764799 imali@firstcapital.lk

For clients of First Capital Equities – Stockbroker
Payments are expected to be settled via bank transfer and the proof of payment shared with your respective Investment Advisor. For further clarifications please contact Rohana 0773 122997 rohanaw@firstcapital.lk
For account related inquires please contact Shehanka 0772925753, Rashmi 0771576349 and Asha 0772925794  and your Investment Advisor for other inquiries.

For clients of all other Business Units
Our regular operating schedule will continue.

For any urgent matters, please contact Anushi Ranawaka on 0773 876819 or email anushi@firstcapital.lk. You can also log in to our customer portal online.firstcapital.lk

 

Warm regards,
The First Capital Management Team

First Capital Money Market Fund – Fastest to Reach LKR 20bn in Assets Under Management

The First Capital Money Market Fund has been the fastest fund in its category (Open-Ended Money Market Fund) to surpassed LKR 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 Fund is the best performing Unit Trust in its category, delivering a return of 11.98%, the highest Compounded Annual Growth Rate (CAGR) for the past 5 years, as of February 2021. The fund is licensed and regulated by the Securities and Exchange Commission of Sri Lanka with Bank of Ceylon acting as the Trustee.

“The fund is used as a de facto savings account yielding a higher rate compared to a one year FD ceiling rate of a Licensed Finance Company and over 250 basis points above a typical savings account,” said Kavin Karunamoorthy, AGM – Asset Management, First Capital Asset Management Limited.  “Leveraging on market opportunities, interest rate fluctuations and our industry expertise in fixed income securities we have been able to compete with the Bank based Savings segment with our Money Market Fund, offering clients an alternative investment product that offer better interest rates, flexibility to conveniently withdraw funds, and peace of mind,” concluded Karunamoorthy.

First Capital is a member of the Janashakthi Group focused on delivering ‘Performance First’ through its operations as primary dealer, stockbroker, corporate advisory, debt structuring and wealth management. With over three decades of expertise in providing capital market solutions, First Capital Holdings PLC is the only listed full-service investment institution in Sri Lanka. First Capital Holdings PLC is rated [SL]A with Stable outlook by ICRA Lanka Ltd.

 

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Caption – In Photo Kavin Karunamoorthy, AGM – Asset Management, First Capital Asset Management Limited