TRUST Mutual Fund’s maiden new fund offer (NFO) – TRUSTMF Banking & PSU Debt Fund has been able successfully raised Rs 582.68 Crore. The first day Assets under management (AUM) post the closure of NFO is Rs. 580.24 Crore. The NFO proceeds have collected from more than 500 investors spread across 44 locations via both digital & offline modes.
According to the official communiqué, the NFO has witnessed participation from both Institutional, Corporate, Family Offices, HNI, and Retail Investors, which is an indication of the faith posed by them in a well- structured & transparent investment process with a unique exclusive ACTIV methodology developed by Trust AMC in a strategic knowledge partnership with CRISIL.
Further, CRISIL will be assisting the process of filtration of investment universe and will also independently monitor adherence to the defined processes.
Sandeep Bagla, CEO of TRUST AMC said, “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.”
Abhishek Dev, Chief Business Officer of Trust AMC added, “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”.