TRUST Mutual Fund was established in October 2019 and is sponsored by TRUST Investment Advisors Private Limited (TIAPL), a Corporate Bond Arrangers Company part of TRUST Group. The Trust AMC was appointed as the Asset Management Company of the Trust Mutual Fund. The TRUST mutual fund AUM on the last day of the quarter,i.e., 31 Dec 2024, was Rs. 227,856.05 lakhs. TRUST Mutual fund offers 8 schemes, including 2 equity and 6 debt mutual funds.
History of TRUST Group
TRUST Group was co-founded by Nipa Sheth and Utpal Sheth in 2001 as an institutionalised multi-line and multi-asset financial services platform. TRUST is a key player in the Wealth, Advisory, and Asset Management space with offerings across Mutual Funds, Equity & Debt PMS, Wealth Management (TRUST Plutus) and Alternative Asset Management, handling and advising total assets of over INR 20,000 crores as on August 30, 2024.
TRUST has offices in 12 cities. The TRUST Group has been making its mark in the financial world for the last two decades, starting as a fixed-income distribution company and later evolving into one of the top non-banking debt capital market players.
Key Information About TRUST Mutual Fund
How to Invest in the TRUST Mutual Fund
Investing in the best TRUST Mutual Fund can be a complex process. To make it easier, here is a step-by-step guide:
1. Choose Your Mutual Fund Type
According to your risk tolerance (low, mid, or high) and financial goals, choose your mutual types, such as equity, debt, hybrid, index, and sector funds.
2. Select a Mutual Fund Scheme
After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred TRUST Mutual Fund.
3. Login or Open a Demat Account
Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.
4. Complete KYC (Know Your Customer) Requirements
The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the instructions in the app to complete this step smoothly.
5. Select Investment Mode (SIP or lumpsum)
If you prefer regular, disciplined investing, you can set-up a systematic investment plan (SIP), which is periodic (monthly, quarterly, etc.). Alternatively, if you have a large amount to invest, you can make a lump-sum investment. Select the investment period of your choice.
6. Confirm and Track Your Investment
After setting up your investment, sit back and watch your money grow. The Stack Wealth app will provide regular updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.
List of Best TRUST Mutual Funds in India
Here is the list of some of the best TRUST Mutual Funds in India:
* All data as of 28 Feb 2025
Detailed Overview of TRUST Mutual Fund Schemes
Now, let’s discuss these 10 TRUST mutual fund schemes in detail:
1. TRUSTMF Banking & PSU Fund - Direct Plan-Growth
TRUSTMF Banking & PSU Fund is an open-ended debt scheme that predominantly invests in debt instruments of Banks, PSU, Public Financial Institutions and Municipal Bonds with a relatively high interest rate and low credit risk.
- Fund Performance: The fund's annualized returns for the past three years and since inception have been around 5.96% and 5.69%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹11,899.
- Minimum Investment Amount: The minimum lump sum for the TRUSTMF Banking & PSU Fund is ₹ 1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹1,000.
2. TRUSTMF Flexi Cap Fund - Direct Plan-Growth
TRUSTMF Flexi Cap Fund is an open-ended dynamic equity scheme investing across market caps (large, mid, and small-cap stocks).
- Fund Performance: The fund's annualized return has been around 2.49% since inception. If invested during inception, the current value of a Standard Investment of ₹10,000 will become around ₹10,210.
- Minimum Investment Amount: The minimum lump sum for the TRUSTMF Flexi Cap Fund is ₹ 1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹1,000.
3. TRUSTMF Corporate Bond Fund - Direct Plan-Growth
TRUSTMF Corporate Bond Fund is an open-ended debt scheme that predominantly invests in AA+ and above-rated corporate bonds. It has a relatively high interest rate and moderate credit risk.
- Fund Performance: The fund's annualized returns have been around 7.35% since inception. If invested during inception, the current value of a Standard Investment of ₹10,000 will become around ₹11,614.
- Minimum Investment Amount: The minimum lump sum for the TRUSTMF Corporate Bond Fund is ₹ 1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹1,000.
4. TRUSTMF Liquid Fund - Direct Plan-Growth
TRUSTMF Liquid Fund is an open-ended liquid scheme investing in high-quality debt and money market instruments with a relatively low interest rate and low credit risk.
- Fund Performance: The fund's annualized returns for the last 30 days and 3 years have been around 7.07% and 6.64%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,130.
- Minimum Investment Amount: The minimum lump sum for the TRUSTMF Liquid Fund is ₹ 1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹1,000.
5. TRUSTMF Money Market Fund - Direct Plan-Growth
TRUSTMF Money Market Fund is an open-ended debt scheme that invests in money-market instruments having maturity of up to 1 year. It has a relatively low interest rate and moderate credit rate risk.
- Fund Performance: The fund's annualized returns for the last 30 days and since inception have been around 7.4% and 7.2%, respectively. If invested during inception, the current value of a Standard Investment of ₹10,000 will become around ₹11929.
- Minimum Investment Amount: The minimum lump sum for the TRUSTMF Money Market Fund is ₹ 1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹1,000.
6. TRUSTMF Small Cap Fund - Direct Plan-Growth
TRUSTMF Small Cap Fund is an open-ended equity scheme predominantly investing in small cap companies’ equity-related securities to generate long-term capital appreciation.
- Benchmark Index: NIFTY Small Cap 250 TRI
- Minimum Investment Amount: The minimum lump sum for the TRUSTMF Money Market Fund is ₹ 1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹1,000.
7. TRUSTMF Overnight Fund - Direct Plan-Growth
TRUSTMF Overnight Fund is an open-ended debt scheme investing in overnight securities having maturity/unexpired maturity of 1 business day. It has a relatively low interest rate and low credit risk.
- Fund Performance: The fund's annualized returns for the last 30 days and 3 years have been around 6.2% and 6.19%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹11976.1666.
- Minimum Investment Amount: The minimum lump sum for the TRUSTMF Overnight Fund is ₹ 1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹1,000.
8. TRUSTMF Short Duration Fund - Direct Plan-Growth
TRUSTMF Short Duration Fund is an open-ended short-term debt scheme investing in debt instruments such that the portfolio’s Macaulay Duration is between 1 to 3 years. It has a moderate interest rate and relatively low credit risk.
- Fund Performance: The fund's annualized returns for the last 3 years and since inception have been around 6.32% and 5.99%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12021.
- Minimum Investment Amount: The minimum lump sum for the TRUSTMF Short Duration Fund is ₹ 1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹1,000.
Top Fund Managers
Below is the list of people who have made TRUST Mutual Fund Investment a standout choice in a highly competitive market.
1. Mr. Jalpan Shah
With over two decades of experience in asset management, Jalpan Shah is an expert in fixed-income investment strategies. He was appointed Head of Fixed Income at TRUST AMC in May 2024. Before joining Trust AMC, he worked as Senior Vice President at HSBC AMC and held key roles at L&T Investment Management and FIL Fund Management Private Limited.
2. Mr. Aakash Manghani
Aakash Manghani is the Equity Fund Manager at TRUST Mutual Fund. Before joining TRUST, he worked as a Fund Manager at ICICI Prudential Life Insurance and oversaw a substantial portfolio valued at over 6,500 crores in AUM, focussing on midcap strategies. With over fourteen years of vast investment experience, Aakash is a seasoned professional popular for his stock selection skills, steady investment approach and active fund management.
3. Mr. Neeraj Jain
Neeraj Jain has been associated with the TRUST Group since 2016, where he has looked after institutional sales for FII clients. He handles all TRUST Mutual Fund debt schemes and has around 7 years of experience in the financial markets and significant exposure to fixed income. He has also worked with Futures First as an interest rate trader.
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