The euphoria caused by excessive liquidity can be scary
Sandeep Bagla, CEO of Trust AMC
The Trust group is the largest debt syndicators in the non-banking sector in India. However, Trust AMC is listed as the fifth largest if it includes bank-based AMCs.
It has the highest NFO collection of all time in the âBanking and PSU Debt Fundâ category at Rs 580 crore. âWe are the only non-bank in the top five. We are the only non-bankers in the big boysâ club,â stated Sandeep Bagla, CEO of Trust AMC. âIn the last three-four years, I have only seen ICICI, HDFC, AXIS, and SBI in that list.â The company is the largest underwriter/ syndicator and, for the last 10 years, it is among the top five in corporate bonds, as per reports.
Trust Mutual Fund crosses the Rs 1,000 crore AUM milestone
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Last Updated: Apr 29, 2021, 07:16 AM IST
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Synopsis
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.
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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.