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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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.
Trust MF’s AUM crosses ₹1,000 crore
April 28, 2021
Trust Mutual Fund, the newest entrant in the mutual fund space, has crossed the ₹1,000-crore Assets Under Management (AUM) mark on Wednesday. The fund house has achieved the mark within four months of the launch of its first scheme a new fund offer of Banking and PSU Debt Fund launched in January. It recently concluded its second NFO for a Liquid Fund. The combined AUM of both these funds has enabled Trust Mutual Fund to hit an AUM of ₹1,036 crore. Sandeep Bagla, CEO of Trust AMC, said investor-response towards both the NFOs has been tremendous despite the challenges caused by the pandemic.
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Trust Mutual Fund launches liquid fund
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Last Updated: Apr 06, 2021, 05:00 PM IST
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The NFO will be open for subscription from April, 8 to April, 22. The fund will be managed by Anand Nevatia.
Trust Asset Management Company has announced the launch of its New Fund Offer – Trust MF Liquid Fund. It is an open-ended liquid fund predominantly investing in debt & money market instruments. The NFO will be open for subscription from April, 8 to April, 22. The fund will be managed by Anand Nevatia. This is the second launch from Trust Mutual Fund after its maiden NFO of Trust MF Banking & PSU Debt Fund in January 2021.