Publish Date:
TRUST Mutual Fund has introduced a new scheme – TRUSTMF Money Market Fund
It is an open-ended debt scheme investing in money market instruments. A relatively low interest rate risk and moderate credit risk.
Accordingly, the scheme seeks to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. There is no assurance that the investment objective of the Scheme will be realized.
Under normal circumstances, TRUSTMF Money Market Fund will hold an allocation of 0% to 100% of its assets in Money Market Instruments. Subject to the SEBI (MF) Regulations, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors.
As per the Scheme Information Document, the fund management team will endeavour to maintain a consistent performance in the scheme by maintaining a balance between safety, liquidity and profitability aspects of various investments. The fund manager will try to achieve an optimal risk return balance for management of the fixed income portfolios The investments in debt instruments carry various risks like interest rate risk, liquidity risk, default risk, purchasing power risk etc. While they cannot be done away with, they can be minimized by diversification and effective use of hedging techniques.
The fund management team will take an active view of the interest rate movement by keeping a close watch on various parameters of the Indian economy, as well as developments in global markets.
TRUSTMF Money Market Fund’s performance will be benchmarked against CRISIL Money Market Fund BI Index
The scheme will be managed by Mr. Anand Nevatia.
The NFO opens for subscription on August 05, 2022 and closes on August 11, 2022. The scheme will reopen for continuous sale and repurchase Within five Business Days from the date of allotment.
The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 1,000 and in multiples of Re.1 thereafter.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum Capital Withdrawal option.