First Capital Holdings Triumphs at 12th Annual Capital Market Awards 2024 with Dual Honours for Excellence in Fund Management and Equity Research

First Capital Holdings Triumphs at 12th Annual Capital Market Awards 2024 with Dual Honours for Excellence in Fund Management and Equity Research

First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, proudly 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 Manusha Kandanaarachchi, Associate Research at First Capital, 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 Kavin Karunamoorthy, Chief Executive Officer of First Capital Asset Management Limited. “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.”

Dimantha Mathew, Chief Research and Strategy Officer at First Capital Holdings PLC, emphasized the broader impact of this recognition. “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.”

Organized annually, the Capital Market Awards celebrate excellence, innovation, and transformative impact within Sri Lanka’s investment landscape. First Capital’s achievements across two core categories not only reflect its broad spectrum of expertise, from fund management to capital market intelligence; but also demonstrate its steadfast commitment to raising industry benchmarks and fostering long-term investor confidence.

As the capital markets evolve, First Capital continues to lead with purpose, empowering individuals, institutions, and the broader economy through trusted investment solutions, expert insights, and a commitment to excellence. These accolades further solidify its reputation as a premier investment partner dedicated to delivering stability, transparency, and sustainable growth for all Sri Lankans.

About First Capital Holdings PLC
First Capital Holdings PLC is a listed full-service investment institution in Sri Lanka, operating as a primary dealer, corporate finance advisor, wealth manager and stockbroker. With strong emphasis on upholding stability, fostering a competitive advantage, and providing an exceptional customer experience, together with the support of JXG (Janashakthi Group), First Capital focuses on staying true to its ‘Performance First’ ethos. The company has been recognised as the Most Valuable Consumer Brand in the Investment Banking sector by Brand Finance for two consecutive years. First Capital has been honoured with the highest recognition as the ‘Brand of the Year’ at the SLIM Brand Excellence Awards 2024. With over four decades of expertise in providing capital market solutions, the Credit Ratings of First Capital Holdings PLC and First Capital Treasuries PLC were upgraded by Lanka Credit Rating Agency Limited (LRA) from “A” to “A+” with the outlook revised from positive to stable.

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Dimantha Mathew – Chief Research & Strategy Officer

Kavin Karunamoorthy – Chief Executive Officer – First Capital Asset Management Limited