scorecardresearchNFO Alert: TRUST MF launches Corporate Bond Fund; here's all you need to know

NFO Alert: TRUST MF launches Corporate Bond Fund; here's all you need to know

Updated: 10 Jan 2023, 01:34 PM IST
TL;DR.
TRUST Mutual Fund has launched the TRUST MF Corporate Bond Fund, an open-ended debt fund scheme that invests primarily in AA+ and above-rated corporate bonds. Subscription closes on January 18th 2023 and re-opens within 5 days of allotment.
TRUST Mutual Fund announced the launch of TRUST MF Corporate Bond Fund

TRUST Mutual Fund announced the launch of TRUST MF Corporate Bond Fund

TRUST Mutual Fund has launched an open-ended debt fund scheme called Corporate Bond Fund. 

This new mutual fund will park money in AA+ and above-rated corporate bonds.

AA+ rating means that the bonds this mutual fund will invest in will have very low credit risk.

The fund launched on January 9, 2023, will continue to accept investments till January 18, 2023. The scheme re-opens for continuous sale and repurchase within five days from the date of allotment.

The minimum subscription amount is 1000, and in multiples of Re 1, thereafter. This product is best suited for investors seeking optimal returns over the medium to long term. This explains why investors must consult their financial advisors to check if the product is in sync with their financial goals.

Both the regular and direct plans are available under this scheme. The former is for investors who wish to route their investment through any distributor. The direct plan is for investors who invest directly without routing the investments through any distributor. Also, this plan has a lower expense ratio excluding distribution expenses, commission, etc. Apart, no commission for the distribution of units will be paid/charged under this plan. The IDCW payout and IDCW re-investment options are available with monthly frequency only.

Both the regular and direct plan(s), offer the below options/sub-options/facilities.

OptionsSub-Options/FacilitiesFrequency of IssuanceRecord Date
GrowthNilNilNil

Income

Distribution

cum Capital

Withdrawal

(IDCW)

Monthly (IDCW Reinvestment

and IDCW Payout)

Monthly25th of each month
Source: Scheme Information Document

This fund will track CRISIL Corporate Bond Fund BIII Index as the benchmark and will be managed by Anand Nevatia. This scheme, like other funds, has no entry fee. The exit load is also “Nil”. The Risk-o-meter describes the scheme as “Moderately Risky”. 

First Published: 10 Jan 2023, 01:34 PM IST