TRUST Asset Management launches TRUSTMF Corporate Bond Fund
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Mumbai :TRUST Asset Management today announced the launch of its New Fund Offer (NFO) – the TRUSTMF Corporate Bond Fund, which aims to seek benefit fromcurrently elevated high yields at the shorter end of the yield curve.
Currently, TRUST Mutual Fund offers five fixed-income products. The TRUSTMF Corporate Bond Fund is the sixth addition to TRUST Mutual Fund’s Fixed Income product portfolio.The NFO opens for subscription on 09th January 2023 and will close for subscription on 18th January 2023. The scheme will be managed by Anand Nevatia, Fund Manager, TRUST Mutual Fund. Anand Nevatia manages all schemes of TRUST Mutual Fund and has around two decades of experience in the financial markets. Anand has been associated with the TRUST Group since 2003.
Speaking on the launch, Sandeep Bagla, CEO of TRUST Mutual Fund, said, “We are excited to present TRUSTMF Corporate Bond Fund to our investors. In the current environment, investors can expect both interest income and likelihood of generating capital gains which will add to the returns. It would be ideal if an investor comes with a time horizon of more than a year and is looking for a relatively safe option.”
Anand Nevatia, Fund Manager, TRUST Mutual Fund, said, “Since March 2022, market yields in the 1-2 year corporate bond segment have risen by almost 250 bps to 7.50%, and the corporate yield curve is mostly flat beyond two years. We believe high and sticky core inflation is still a concern, and a high-interest scenario might prevail. Our new fund offer aims to take benefit of higher yields and maintain a maturity of 2-3 years in the normal scenario. ”
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