Trust Mutual Fund's maiden NFO garners Rs 580 crore

Trust Mutual Fund’s maiden new fund offer (NFO) - TRUST MF Banking & PSU Debt Fund has raised Rs 582.68 crore, the fund house said. The first day AUM after the closure of NFO was Rs 580.24 crore. The NFO proceeds have been garnered from over 500 investors spread across 44 locations through both digital and offline modes.

According to a press release, the NFO has seen participation from both institutional, corporate, family offices, HNI, and retail investors. The fund house believes that the structured and transparent investment process, unique limited ACTIV methodology in a strategic knowledge partnership with CRISIL has helped them. CRISIL will also assist in the process of filtration of investment universe and will independently monitor adherence to the defined processes.

Trust MF Banking & PSU Fund will predominantly invest in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds. The current strategy will be a ‘roll down’ investment approach with approximate target maturity of 3.5 years on a tactical basis.


“We are pleased with the tremendous acceptance from investors and partners across the length and breadth of the country. The overwhelming response strongly reflects the confidence shown by the investors in our robust methodology developed in partnership with CRISIL, which aims to make the investment process in fixed income securities more systematic, transparent and objective,” says Sandeep Bagla, CEO of TRUST AMC.

“The success of this NFO is a testimony of the client centricity and affinity created by Trust Group’s client first approach. It also demonstrates that there is space for new Mutual Funds who bring in meaningful differentiation for its investors and partners. We are grateful to our clients for this support and will remain focused on bringing robust products to an expanded set of investors & partners supported by high quality of service,” said Abhishek Dev, Chief Business Officer of Trust AMC.