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frequently asked questions

Find answers to our most frequently asked questions below. If you can't find what you're looking for please contact us and we'll get in touch with 24 hours.

A unit trust is an investment fund that pools contributions from multiple investors to achieve shared investment objectives. The combined funds are invested in a diversified portfolio of financial instruments to generate returns. These include but are not limited to bank deposits, corporate debt, shares and government securities.
Each investor receives units in exchange for their contributions and returns are distributed based on the unit value and the number of units owned.

    • Risk reduction Investments are spread across a variety of assets, minimizing the impact of the poor performance of any single security.

 

    • Access to a variety of asset classesInvestors gain exposure to a diversified portfolio of different asset classes such as stocks, bonds, money market.

 

    • Expert fund managersLYNEAR’s fund managers are experienced professionals who make informed investment decisions based on meticulous research and market analysis.

 

    • A simplified investment processLYNEAR Unit Trusts eliminate the need for individual security selection and portfolio management by the investor, offering a simplified process.

 

    • A regulated environmentLYNEAR Unit Trusts are regulated by the Securities and Exchange Commission (SEC), ensuring oversight by the relevant financial authority.

 

  • Regular reportingInvestors receive regular updates on the performance, holdings and management activities of the funds they have invested in.

Your best-suited fund will depend on your appetite for risk and current financial status. For example, a high-risk investor may prefer investing in the stock market while an investor with a low risk appetite is likely to opt for a fixed income unit trust.
It is recommended that you diversify investments across different asset classes. Below are examples of our funds:

Fund Risk Appetite Liquidity
LYNEAR Wealth Income Fund Moderate Moderate
LYNEAR Dynamic Opportunities Fund Moderate – High Moderate

Download the relevant forms, fill them out and email them to [email protected] along with proof of identity. Alternatively, you can post the filled forms and proof of identity to LYNEAR Wealth Management, 3/1, Lake Crescent, Colombo 2.
You can also contact us directly for assistance

You can view your investment portfolio, earnings and transaction history online, at any time, by logging into the client portal on our website.
You will also receive monthly statements via e-mail at the beginning of each month.

LYNEAR Wealth Management is licensed by and registered with the Securities Exchange Commission (SEC) as an Investment Manager and Unit Trust Manager. Our funds are regulated by the SEC and Deutsche Bank of Sri Lanka acts as the trustee and custodian, ensuring compliance with SEC guidelines. Investment decisions are made by an experienced committee, including leading economists.

Yes, you can invest in multiple LYNEAR funds simultaneously.

Yes, you can withdraw from one, more or all your funds at LYNEAR, at any time. Please note that some funds incur a penalty fee if you withdraw within 12 months of your investment.

Details LYNEAR Wealth Income Fund LYNEAR Dynamic Opportunities Fund
Management Fee 1% per annum on the NAV 1.5% per annum on the NAV
Performance Fee None 10% of excess returns over the growth in the S&P Sri Lanka 20 Index, calculated daily, and paid out annually by 31st December
Trustee & Custody Fee 0.15% per annum on the NAV 0.2% per annum on the NAV
Front-End Fee None 1% of the price of each Unit
Front-End Fee None 1% of the price of each Unit
Exit Fee 2% for any redemption within a 365-day period from the date of issue of Units 2% for any redemption within a 365-day period from the date of issue of Units

Transfer funds directly to the following accounts to purchase units in a specific fund.

Account Name Bank Account Number Branch Branch Code Bank Code
LYNEAR WEALTH INCOME FUND Nations Trust Bank 100060023428 Corporate Branch 006 7162
LYNEAR WEALTH INCOME FUND Deutsche Bank 0046524000 Head Office 000 7205
LYNEAR WEALTH DYNAMIC OPPORTUNITIES FUND Nations Trust Bank 100060023435 Corporate Branch 006 7162
LYNEAR WEALTH DYNAMIC OPPORTUNITIES FUND Deutsche Bank 0046524002 Head Office 000 7205

To ensure unit creation takes place efficiently, please share the fund transfer receipt via email immediately to [email protected] email address.

Units will be created using the same day price for funds received before 12 noon. If funds are received after 12 noon the following working days, the unit price will be assigned.

Unit redemptions or fund withdrawals can be informed to us via email from the system registered email address. Instructions received before 12 noon be processed using the same day unit price, and instructions received after 12 noon will be processed using the following working days unit price. However, any redemption requests equaling or exceeding 3% of the fund value will be processed as per the KIID. Please note that we cannot remit funds to third-party bank accounts.

You will receive an email from [email protected] confirming the receipt of funds and purchase of your investment units.

You can directly transfer funds to the appropriate collection account or hand over a cheque. Please note that we do not accept cash.