Senfin Asset Management (Pvt) Ltd (SFAM), a fully owned subsidiary of Senkadagala Finance PLC announces
the launch of “Senfin Dividend Fund” – a first of its kind in Sri Lanka.
Senfin Dividend Fund is an open-ended Unit Trust Fund, that would invest in a portfolio of dividend yielding
shares listed on the Colombo Stock Exchange (CSE); the objective of the Fund is to generate income by way of
dividends and by way of capital appreciation. The Fund is licensed by the Securities & Exchange Commission of
Sri Lanka (SEC).
According to the Deputy CEO of Senfin Asset Management (Pvt) Ltd, Ineka Dunuwille, the Fund has a highly
competitive fee structure in that it does not have a front-end fee or exit fee, while the management fee is 0.75%
per annum and the trustee fee is 0.15% per annum of the Net Asset Value of the Fund.
The Fund Manager of the Senfin Dividend Fund, Surath Perera states that with economic activities gradually
picking up, corporate earnings are expected to recover in 2021 vs lows of pandemic hit 2020. In addition, the
present low interest rate environment is expected to continue in the medium term. These make equity markets
more attractive and could possibly re-rate the market upwards. This will augur well for equity funds.
SFAM is the asset management arm of Senkadagala Finance PLC, and is licensed and regulated by the SEC to
manage unit trust funds and private wealth portfolios. SFAM is also a member of the Unit Trust Association of
Sri Lanka.
SFAM’s parent company, Senkadagala Finance PLC was established in the City of Kandy in 1968. The Company
is one of the most respected licensed finance companies in Sri Lanka, with more than 50 years of experience
and operating excellence.
The Initial Public Offer (IPO) will be open for public on 19th April 2021 and will be open until 4th May 2021. The
initial offer price is LKR. 10/- per unit. The minimum investment is only LKR. 1,000/-. Hatton National Bank will
act as the Trustee to the fund.
For all additional information, please contact Senfin Asset Management hotline 074-1790202, e-mail:
[email protected]