First Capital Holdings triumphs at 12th Annual Capital Market Awards

• Dual honours for excellence in fund management and equity research

First Capital Holdings PLC emerged as a double award winner at the 12th Annual Capital Market Awards 2024. 

This milestone achievement reaffirms First Capital’s standing as a strong and influential force in Sri Lanka’s capital markets for the third consecutive year.

At this year’s prestigious ceremony, First Capital clinched the Bronze award for Best Unit Trust Fund for its flagship First Capital Money Market Fund (FC MMF) and the Silver award for Best Equity Research Report, presented to First Capital Associate Research Manusha Kandanaarachchi, for his insightful and high-impact report on JAT Holdings.

The recognition of FC MMF underscores the fund’s robust investment philosophy, anchored in investor-centricity, disciplined risk management and uncompromising governance. The award affirms the fund management team’s commitment to delivering consistent returns while maintaining the highest standards of transparency and compliance.

“This award underscores the dedication and discipline of our fund management team,” said First Capital Asset Management Limited Chief Executive Officer Kavin Karunamoorthy.

“We remain focused on empowering investors by delivering consistent performance and protecting their trust through prudent, strategic investment decisions.”

“The Silver award for equity research reflects First Capital’s leadership in delivering timely, relevant and research-driven insights to the market. The recognition of Manusha’s report highlights his analytical depth, sectoral expertise and commitment to objective reporting, which are integral to First Capital’s research philosophy.”

First Capital Holdings PLC Chief Research and Strategy Officer Dimantha Mathew stated, “Beyond the accolades, our research is made accessible to the public at no cost. Through WhatsApp and other digital platforms, we reach thousands of Sri Lankans every day, actively advancing financial literacy and inclusive investment education across the nation. This award further reinforces our commitment to producing best-in-class equity research and promoting best practices in fundamental analysis to support informed and efficient capital markets.”