About TRUST Mutual Fund
- TRUST Mutual Fund is a debt mutual fund that was launched in October 2019.
- It is sponsored by Trust Investment Advisors Private Limited (TIAPL), which is one of the top non-banking debt capital market players in India.
- TRUST Mutual Fund offers two schemes:
o TRUSTMF Overnight Fund
o TRUSTMF Banking and PSU Debt Fund - The fund is managed by a team of experienced professionals who have a deep understanding of the debt market.
- The fund is a good option for investors who are looking for a high-quality debt fund with a low-risk profile.
Key information about TRUST Mutual Fund
Fund Name: TRUST Mutual Fund
Sponsor: Trust Investment Advisors Private Limited (TIAPL)
Fund Type: Debt
Asset Class: Fixed Income
Investment Objective:
o TRUSTMF Overnight Fund: To provide regular income over short term that may be in line with overnight call rates with low risk and high level of liquidity.
o TRUSTMF Banking and PSU Debt Fund: To provide regular income over short to medium term.
Fund Manager: Mr. Sanjay Aggarwal
Minimum Investment: ₹500
Performance:
o TRUSTMF Overnight Fund: 3-year annualized return of 7.4%
o TRUSTMF Banking and PSU Debt Fund: 3-year annualized return of 8.2%
How can you invest in TRUST Mutual Fund?
You can invest in TRUST Mutual Fund through the following channels:
Online: You can invest in TRUST Mutual Fund through the website of your preferred mutual fund distributor.
Offline: You can invest in TRUST Mutual Fund through the branches of your preferred mutual fund distributor.
Systematic Investment Plan (SIP): You can invest in TRUST Mutual Fund through a SIP, which allows you to invest a fixed amount every month.
How to sell TRUST Mutual Funds
Contact the TRUST Mutual Fund Company: Reach out to TRUST Mutual Fund Company through their customer service helpline, email, or website. They will guide you on the process and provide the necessary instructions.
Verify Your Identity: As a standard procedure, TRUST Mutual Fund Company will require you to verify your identity. This may involve providing personal details, such as your name, address, PAN (Permanent Account Number), and folio number (if app TRUST Mutual).
Obtain the Required Forms: The TRUST Mutual Fund Company will provide you with the necessary forms for selling your mutual funds. You can typically download these forms from their website or request them to be sent to you.
Fill Out the Forms: Carefully fill out the required forms, providing accurate information. The forms may include details such as your folio number, scheme name, units to be sold, and bank account details for the redemption proceeds.
Submit the Forms: Once you have completed the forms, submit them to TRUST Fund Company. You can typically do this by mailing the forms to their office or visiting their nearest branch in person. Alternatively, some mutual fund companies also offer online redemption Facilities through their website or mobile app.
Await Confirmation: After submitting the forms, you will receive a confirmation from TRUST Mutual Fund Company regarding the acceptance of your request to sell the mutual funds. This confirmation may be sent via email or mail.
Receive Redemption Proceeds: Once your request to sell the mutual funds has been processed, you will receive the redemption proceeds. The proceeds are usually credited to the registered bank account provided in the redemption form. The timeline for receiving the funds may vary, but it is typically within a few business days.
frequently asked questions (FAQs) TRUST Mutual Fund
The minimum investment in TRUST Mutual Fund is ₹500.
The performance of TRUST Mutual Fund has been good. The 3-year annualized return of the TRUSTMF Overnight Fund is 7.4%, while the 3-year annualized return of the TRUSTMF Banking and PSU Debt Fund is 8.2%.