Trust AMC launches liquid fund NFO - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Synopsis
Trust Mutual Fund’s maiden new fund offer (NFO) - TRUST MF Banking & PSU Debt Fund has raised Rs 582.68 crore, the fund house said.
Getty Images
Trust Mutual Fund’s maiden new fund offer (NFO) - TRUST MF Banking & PSU Debt Fund has raised Rs 582.68 crore, the fund house said. The first day AUM after the closure of NFO was Rs 580.24 crore. The NFO proceeds have been garnered from over 500 investors spread across 44 locations through both digital and offline modes.
According to a press release, the NFO has seen participation from both institutional, corporate, family offices, HNI, and retail investors. The fund house believes that the structured and transparent investment process, unique limited ACTIV methodology in a strategic knowledge partnership with CRISIL has helped them. CRISIL will also assist in the process of filtration of investment universe and will independently monitor adherence to the defined processes.
Trust MF raises ₹583 cr via maiden debt fund NFO
February 04, 2021
×
The scheme will invest mainly in banks’ debt instruments, PSUs, public financial institutions and municipal bonds
Trust Mutual Fund’s maiden new fund offer TrustMF Banking and PSU Debt Fund has mopped up ₹583 crore from over 500 investors spread across 44 locations through both digital and offline modes.
The first day AUM after the closure of NFO is ₹580 crore.
The open-ended debt scheme will predominantly invest in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds.
Confidence in new methodology
The fund house has devised a well-structured and transparent investment process with a unique LimitedACTIV methodology developed by Trust AMC in a strategic knowledge partnership with Crisil, which will also independently monitor adherence to the defined processes.
Issuance will fall by 17 per cent to about 7.55 trillion rupees ($103.4 billion) this year, according to the median estimate of six of the nations top debt arrangers.
Jan 27 2021, 1:25 AM
January 25 2021, 3:00 AM
January 27 2021, 1:25 AM
(Bloomberg) Debt sales in Indiaâs rupee corporate bond market are likely to slow significantly this year after reaching a record in 2020, according to a Bloomberg News survey of debt arrangers.
(Bloomberg) Debt sales in Indiaâs rupee corporate bond market are likely to slow significantly this year after reaching a record in 2020, according to a Bloomberg News survey of debt arrangers.
Issuance will fall by 17% to about 7.55 trillion rupees ($103.5 billion) this year, according to the median estimate of six of the nationâs top debt arrangers. Companies have less need to build up cash buffers and the potential for higher funding costs were cited by bankers as reasons for the expected drop.