Senfin Shariah Balanced Fund
The Senfin Shariah Balanced Fund is an open-ended unit trust fund which will invest in Shariah compliant equity securities listed on the Colombo Stock Exchange and in Shariah compliant income securities.
Portfolio Characteristics
The Fund is a balanced fund and therefore will assume a moderate level of risk by investing in equity and income securities. The Fund’s strategic (long-term) allocation to Shariah compliant equity and Shariah compliant income securities will be 60% and 40% respectively. However, the Fund Manager has the discretion to increase allocation to equity up to 70% of the total assets of the Fund. Furthermore, the Fund Manager will adopt tactical or short-term asset allocation strategies and invest a major portion of the fund in Shariah compliant income securities with a view to protecting capital at times of possible stock market declines/over-valuation, subject to the guidelines stipulated by the SEC.
Calendar Year Performance
| Performance | 2019 | 2020 | 2021 | 2022 | 2023 |
2024 YTD to 29th February * |
|---|---|---|---|---|---|---|
| SSBF | 4.58% | 14.67% | 16.78% | -18.85% | 13.06% | 4.34% |
| Benchmark | 1.70% | 10.66% | 80.91% | -30.56% | 28.17% | 0.30% |
* Non - Annualized return