TRUST Mutual Fund on Wednesday announced the launched of its maiden equity fund ‘TRUSTMF Flexi Cap Fund’. The New Fund Offer (NFO) will open on April 5 and close on April 19, 2024.
With this open-ended dynamic equity scheme, TRUST Mutual Fund
The fund house said its pursuit would be to spot companies which are rare, dominant, unchallenged and long-lasting.
The fund will invest 65-100 percent of its corpus dynamically into Indian equity and equity-related instruments across various market
The objective of TRUSTMF Flexi Cap Fund
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“This open-ended dynamic equity scheme offers investors the opportunity to invest across largecap, midcap and smallcap stocks,” the fund house said.
The fund will be managed by Chief Investment Officer Mihir Vora and Fund Manager Aakash Manghani.
On the new fund launch, TRUST Mutual Fund CEO Sandeep Bagla said, “The launch of TRUSTMF Flexi Cap fund marks our entry into the world of retail investors. We endeavour to provide customers with a bouquet of investment options which will help in achieving their wealth creation goals and objectives.”
TRUST Mutual Fund Chief Investment Officer Mihir Vora said, “At TRUST Mutual Fund, we understand the importance of catering to the unique needs of different customers. We are growth investors, and we believe that our Terminal Value Investing framework and Growth at Reasonable Valuations (GARV) approach offers a differentiated alternative for equity fund
GARV, an acronym for Growth at Reasonable Valuations, is an investment approach that looks at identifying stocks with strong growth potential at reasonable valuations.
“TRUSTMF Flexi cap Fund encompasses this philosophy, and the mandate enables the fund to adapt and navigate through various market conditions for sustainable investment success,” Vora said.
Aakash Manghani, Fund Manager at TRUST Mutual Fund, also shared his perspective on the launch. He said, “We are excited to launch the TRUSTMF Flexi Cap Fund. We have strong conviction that the fund can play a vital role as a long-term cornerstone in investors’ portfolios, providing the potential for sustainable capital appreciation. With its diversified approach and active management, we are confident that the fund can deliver favourable outcomes and significantly contribute to our investors’ long-term investment objectives.”