Trust Mutual Fund, the newest entrant in the mutual fund space in India, has crossed the Rs 1,000 crore assets under management (AUM) threshold on 28th April 2021, within 4 months after the launch of its first scheme. The fund house launched its first NFO, the TRUSTMF Banking & PSU Debt Fund in January.
The mutual fund house has said that the recently concluded second NFO – that of the TRUSTMF Liquid Fund was also highly successful and the combined AUM of both these funds has enabled TRUST Mutual Fund to cross the Rs 1,000 Crore AUM mark as on April 28, 2021. The AUM of the Fund House stood at ~Rs 1,036 crore which has been garnered from over 750 investors spread across more than 40 locations through both digital and offline modes.
Sandeep Bagla, CEO of TRUST AMC said, “We are pleased with the tremendous response to both our NFOs from investors and partners across all parts of India, despite these being the most challenging of times due to the ongoing COVID 19 pandemic. It is encouraging for us as a Fund House to have achieved this milestone. Our investors have trusted us with their hard earned savings and we accept this responsibly with utmost humility and gratefulness. This shows that our safety first approach has truly struck a chord with our investors.”
Abhishek Dev, Chief Business Officer of Trust AMC added, “The success of TRUST Mutual Fund is thanks to our investors, who are at the core of everything we do, and our distribution partners. Achieving this milestone is a testimony to our philosophy of always keeping the investor first. We are grateful to our investors and partners for this support and will remain focused on constant innovation and bringing even more ground-breaking and robust products supported by our high quality of service”.