NDB Wealth Management

What NDB Wealth Management does

NDB Wealth Management Limited is Sri Lanka's largest private sector fund management company, operating as an SEC-licensed Investment Manager since 1993 with nearly LKR 324 billion in assets under management across more than 40,000 institutional and individual clients. The product shelf comprises eight unit trusts spanning money market (Money Fund, Money Plus Fund, Islamic Money Plus Fund), fixed income (Gilt Edged Fund, Income Fund, Income Plus Fund), and equity (Growth Fund, Growth & Income Fund) categories, distributed through three advisory tiers — Individual Wealth, Private Wealth, and Institutional Wealth — with the latter serving government institutions, private corporations, insurance and provident funds, and NGOs. The company is a fully owned subsidiary of NDB Capital Holdings PLC, majority-owned by NDB Bank.

Distribution and operations rely on a hybrid architecture: a proprietary digital channel via the Xapp mobile application (enabling 100% paperless onboarding, real-time portfolio tracking, and seamless fund transactions), a physical branch network anchored in Colombo with a second branch opened in Kandy in February 2026, and a dedicated relationship manager and Private Wealth Manager network supported by WhatsApp Business and Yenasys web chat. Asset safeguarding is institutionalized through segregated custody arrangements with Hatton National Bank and Bank of Ceylon acting as trustees for specific funds, and Shariah compliance for the Islamic Money Plus Fund is overseen by an independent supervisory board. Recurring revenue is generated primarily through management fees on unit trust AUM, supplemented by advisory and portfolio management fees from Private Wealth and Institutional mandates, with pricing structured on a unit basis featuring minimum investments as low as Rs. 10,000 and early-withdrawal exit fees on fixed-income and equity products with recommended 6-month and 1-year holding periods.

The business carries concentrated parent-company governance risk: NDB Bank disclosed an estimated LKR 13.2 billion fraud incident in April 2026, which NDB Wealth publicly clarified does not affect its operations, citing segregated custody and trustee structures. The company has held Best Asset Management Company in Sri Lanka recognition from Global Banking and Finance Review and Best Investment Manager recognition from World Finance Magazine in both 2014 and 2015, reinforcing its brand standing in the domestic market.

Name

NDB Wealth Management

Legal name

NDB Wealth Management Limited

Website

https://ndbwealth.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

101–250 employees

Short description

NDB Wealth Management is Sri Lanka's largest private sector fund management company, managing nearly LKR 324 billion across 40,000+ clients via eight unit trusts and Individual, Private Wealth, and Institutional advisory services, supported by its proprietary Xapp digital platform.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (52591)

SIC

Investment Advice (6282)

akta.pro primary industry

Bank-Affiliated Retail Wealth Management (FSAAAAAB)

akta.pro secondary industries

Private Banking & UHNW Wealth Advisory (FSAEABAC), Private Banking Advisory & Discretionary Portfolio Management (FSABADAD), High-Net-Worth & Private Wealth Digital Platforms (Digital Private Banking) (FSAGAEAI)

Keywords

• Wealth management services
• Mutual fund management
• Investment advisory
• Portfolio management
• Asset management

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Unit Trust Management Fees: Revenue generated through management fees on funds under management. NDB Wealth manages nearly LKR 324 Billion in funds and serves over 40,000 institutional and individual customers through various unit trust products including money market funds, fixed income funds, and equity funds.
2. Private Wealth Management Services: Fees from personalized wealth management and advisory services for high-net-worth individuals and families, including trusts, risk management, and financial planning.
3. Institutional Asset Management: Investment management solutions for institutional clients including government institutions, private corporations, insurance and provident funds, and NGOs.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

NDB Wealth Management operates as Sri Lanka's largest private sector wealth management company, offering unit trust/mutual funds across money market, fixed income, and equity categories, plus personalized wealth management services for individuals, high-net-worth clients, and institutional clients. The firm manages nearly LKR 324 Billion in funds across more than 40,000 clients and operates as a licensed Investment Manager regulated by the Securities & Exchange Commission of Sri Lanka. Clients access services through relationship managers, physical branches in Colombo and Kandy, and the Xapp mobile application for fully digital onboarding and transactions.

Product overview

NDB Wealth Management is Sri Lanka's largest private sector wealth management company operating as a platform of investment products and advisory services. The core offering consists of eight distinct unit trust/mutual funds spanning three categories: Money Market Funds (Money Fund, Money Plus Fund, Islamic Money Plus Fund), Fixed Income Funds (Gilt Edged Fund, Income Fund, Income Plus Fund), and Equity Funds (Growth Fund, Growth & Income Fund). These investment products are distributed through three client-facing service segments—Individual Wealth Management, Private Wealth Management, and Institutional Wealth Management—supplemented by the digital Xapp platform for fully online investing. The company manages LKR 324 billion in funds across more than 40,000 clients and has over 31 years of industry experience, operating as a licensed Investment Manager regulated by the Securities & Exchange Commission of Sri Lanka.

Differentiator

Problem solved

Functional benefit

Brands

• Xapp: Fully digital investing mobile application developed by NDB Wealth for seamless digital onboarding and transactions including invest, withdraw, transfer, and switch funds.

Products and services

• Money Fund Open-ended money market fund providing high liquidity with above-average returns, functioning similarly to a savings account with daily interest credit, no withdrawal penalties, and high capital safety. Invested in short-term government securities and high credit quality LKR-based bank deposits. Minimum investment applicable.
• Money Plus Fund Open-ended money market fund alternative to bank deposits with minimum investment of Rs. 10,000. Generates daily credited income with higher returns than traditional savings accounts and flexible anytime withdrawals with no penalties. Invested in short-term LKR corporate debt instruments including commercial paper, securitized paper, bank deposits, and Sri Lanka Treasury Bills and Bonds.
• Islamic Money Plus Fund Shariah-compliant money market fund with funds invested solely in Shariah-compliant securities and monitored by an independent Shariah supervisory board. Offers daily income credit with no penalties on withdrawals and aims to achieve liquidity and regular income while maintaining capital stability.
• Gilt Edged Fund Open-ended government securities fund invested exclusively in medium to long-term Government of Sri Lanka Bonds, Repos, and bank deposits. Designed for investors seeking regular income and an alternative to treasury bonds, with medium-level risk and Bank of Ceylon as trustee.
• Income Fund Open-ended fixed income fund offering an alternative to long-term fixed deposits with higher returns and savings account flexibility. Invests in corporate debt including commercial papers, corporate debentures, bonds, and asset-backed securities with enhanced yields from corporate and government debt securities.
• Income Plus Fund Fixed income product designed as an alternative to fixed deposits with potentially higher returns, ideally suited for investors with a fixed 6-month investment period. Provides high-level returns comparable to 6-month FDs, with exit fees applying for withdrawals prior to 6 months.
• Growth Fund Open-ended equity growth fund investing exclusively in a diversified portfolio of stocks listed on the Colombo Stock Exchange. Carries high-level risk without capital safety guarantee, suitable for medium to long-term capital growth objectives. Exit fees apply for withdrawals prior to 1 year.
• Growth & Income Fund Open-ended fund combining equity and fixed income investments, aiming to maximize capital growth and provide regular income. Invests in shares listed on the Colombo Stock Exchange as well as corporate and government debt, offering combined returns from stock dividends, bond interest, and capital gains or losses.
• Individual Wealth Management Personal wealth management service for individual investors covering discovery and goal-setting (diagnostic review, investment objectives, strategy formulation), investment management (portfolio structure, asset allocation, cash management, fixed income, equities), wealth advisory services (trusts, risk management, financial planning, custody), and client communication and reporting.
• Private Wealth Management Premium private wealth management service for high-net-worth individuals and families where dedicated Private Wealth Managers create customized solutions to cater to individual financial goals, including comprehensive financial planning, trust structures, and estate planning.
• Institutional Wealth Management Investment management solutions for institutional clients including government institutions, private corporations, insurance and provident funds, and NGOs. Features research-driven, value-oriented investment philosophy with superior investment research capabilities and specific portfolio structuring based on exact requirements and goals.
• Xapp Digital Investing Platform Fully digital investing mobile application developed by NDB Wealth enabling 100% digital onboarding without paperwork. Supports seamless transactions including invest, withdraw, transfer, and switch funds, with real-time access to investor reports and portfolio tracking. Accessible globally for Sri Lankans overseas.

Quantifiable outcome

• 8.07% return on Money Plus Fund as at June 15, 2026
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Hatton National BankcoreOthersHatton National Bank serves as Trustee and Custodian for NDB Wealth Money Plus Fund and other fund products. Bank deposits are held through Hatton National Bank corporate branches. This is a critical service partnership ensuring asset custody and investor protection.
• Bank of CeyloncoreOthersBank of Ceylon serves as Trustee for the Gilt Edged Fund, providing government securities custody services. Partnership enables fund management operations and regulatory compliance for fixed income products.
• NDB Zephyr Partners LimitedminorStrategic or Co-development PartnerSubsidiary of NDB Capital Holdings that raised the largest private equity fund in Sri Lanka, contributing to the broader NDB Group ecosystem and investment capabilities.
• NDB Securities (Private) LimitedminorStrategic or Co-development PartnerSubsidiary of NDB Capital Holdings. Licensed stockbroker regulated by SEC, acting as intermediary executing transactions on behalf of clients in listed debt and equity securities in the Colombo Stock Exchange.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• HNB Wealth Management: Sri Lankan wealth management subsidiary of Hatton National Bank, offering unit trusts, portfolio management and private wealth services directly comparable to NDB Wealth's product suite and bank-affiliated model.
• DFCC Bank (Wealth Management): Major Sri Lankan commercial bank providing wealth and fund management products to retail, corporate and institutional clients; competes head-to-head with NDB Wealth for Sri Lankan AUM.
• Ceybank Asset Management: Sri Lankan asset management firm managing mutual funds, offering a money market and equity fund lineup comparable to NDB Wealth's eight unit trusts.
• Asia Asset Management PLC: Sri Lankan fund management company running unit trust and private portfolio mandates for retail and institutional investors, operating in the same regulatory environment as NDB Wealth.
• Acuity Stock Brokers (Acuity Knowledge Partners) Wealth: Sri Lankan investment management and stockbroking group offering portfolio management and wealth services to HNW and institutional clients, competing directly in NDB Wealth's domestic market.
• Capital Alliance Holdings: Sri Lankan financial services group providing asset management, corporate advisory and wealth solutions; competes for institutional and HNW mandates alongside NDB Wealth.

Broad incumbents

• National Savings Bank (NSB) Wealth Services: State-owned Sri Lankan savings institution offering deposits and savings-linked wealth products; represents the dominant incumbent alternative for risk-averse retail savings that NDB Wealth's money market funds compete against.

Regional players

• Softlogic Life / Softlogic Capital wealth offerings: Domestic Sri Lankan financial services group with asset management and investment-linked products that compete for retail and corporate investor wallets within the same geography as NDB Wealth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@NDBWealthManagement

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NDB Wealth Management