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TRUSTMF Money Market Fund - Latest NAV, Returns, AUM & Investment Guide 2024

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Invest in TRUSTMF Money Market Fund with NAV ₹1,170.03, AUM ₹1,396 Cr. Get details on returns, expense ratio, fund manager & how to invest via Allvest platform.

Investment Objective and Approach

TRUSTMF Money Market Fund is designed as a low to moderate-risk investment option that primarily invests in short-term debt and money market instruments. The fund aims to provide investors with liquidity while delivering better returns than traditional savings accounts. TRUSTMF Money Market Fund is a low to moderate-risk investment option that primarily invests in short-term debt and money market instruments. It is suitable for investors looking for liquidity with better returns than a savings account.

The fund follows a strategy focused on capital preservation while maintaining high liquidity. The fund is benchmarked to CRISIL Money Market A-I Index. TRUSTMF Money Market Fund (G) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth.

Fund Managers

Anand Nevatia is the Current Fund Manager of TRUSTMF Money Market Fund Direct Growth fund. The fund management is also supported by the expertise of Neeraj Jain who has extensive experience managing debt schemes at TRUST Mutual Fund.

Neeraj Jain currently manages all debt schemes of TRUST Mutual Fund and has around 7 years of experience in the financial markets. Neeraj has been associated with the TRUST Group since 2016 wherein he looked after institutional sales for FII clients. He has also worked with Futures First as a interest rate trader trading Eurodollars. He is a mechanical engineer with a degree in management from MDI, Gurgaon.

About the Fund House (AMC)

TRUST Mutual Fund is sponsored by TIAPL, which is part of the TRUST Group. TRUST Mutual Fund is the Group's first foray into the retail segment. Incepted in October 2019, it is sponsored by TIAPL a Company which is the part of TRUST Group.

The AMC is led by a strong management team including:

Leadership Team:

- Sandeep Bagla - Chief Executive Officer with around three decades of experience in the financial markets and leading mutual funds like Reliance MF, AIG MF and Principal MF. He has also managed fixed-income portfolios for primary dealers like ICICI Securities PD & ABN AMRO Securities PD and financial institutions like ICICI Ltd.

- Mihir Vora - Chief Investment Officer with a remarkable career spanning nearly three decades in investment. He has a proven track record across various asset classes including equity, fixed income, real estate, and alternative investment funds. Before joining TRUST Mutual Fund, Mihir held the position of Senior Director & Chief Investment Officer at Max Life Insurance, where he managed assets exceeding INR 130,000 crores.

Strategic Partnership:

TRUST AMC has allied with CRISIL as a strategic knowledge partner for its fixed income schemes. CRISIL helps in critically evaluating the investment universe and assist in constructing a model portfolio after due filtration process. In order to enable a CLEAR, CREDIBLE and CONSISTENT investment approach the portfolio is constructed basis limited deviation from the Model Portfolio which is named as LimitedACTIV Methodology®#.

Current Portfolio:

TRUST Asset Management Private Limited ("TRUST AMC") currently offers 2 equity schemes & 7 fixed-income products.

Should I Invest in TRUSTMF Money Market Fund?

TRUSTMF Money Market Fund can be suitable for investors with the following profile:

Ideal for:

- Investors seeking short-term parking of surplus funds

- Those looking for better returns than savings accounts while maintaining liquidity

- Conservative investors who prioritize capital preservation

- Investors with investment horizon of 1-4 years

- Those building emergency funds or saving for short-term goals

Key Considerations:

- The fund maintains a low to moderate risk profile suitable for conservative investors

- Although it lacks a 3-year performance record, its low expense ratio of 0.16% ensures cost-effective management. This fund can be an ideal option for parking surplus cash while earning stable returns.

- Money market funds typically offer stability but slower growth compared to equity investments

Investment Minimums:

- The minimum SIP amount for TRUSTMF Money Market Fund (G) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000.

FAQs

What is today's NAV of TRUSTMF Money Market Fund?

The Latest NAV as of 19 Nov 2024 is ₹1,170.03. NAV is updated daily based on market conditions.

What is the AUM of TRUSTMF Money Market Fund?

The fund currently has an Asset Under Management(AUM) of ₹1,396 Cr as of November 2024.

What is the expense ratio of TRUSTMF Money Market Fund?

Its low expense ratio of 0.16% makes it cost-effective for investors seeking stable returns.

What are the returns of TRUSTMF Money Market Fund since inception?

The fund has an AUM of ₹84.25 crore, with a 1-year return of 7.52%. The fund was launched in 2022 and longer-term performance data is still developing.

What is the minimum SIP amount to invest in TRUSTMF Money Market Fund?

The minimum sip amount for TRUSTMF Money Market Fund (G) is ₹1000. The minimum SIP amount for TRUSTMF Money Market Fund (G) is ₹1000 and you can increase this in multiples of ₹100.

How do I invest in TRUSTMF Money Market Fund?

You can invest through Allvest platform by completing your KYC, selecting the fund, choosing investment amount and payment method. You can also invest directly through TRUST Mutual Fund's website.

How to start a SIP in TRUSTMF Money Market Fund?

To start SIP through Allvest, log into your account, select TRUSTMF Money Market Fund, choose SIP option, set monthly amount (minimum ₹1000) and select start date.

How do I automate an SIP in TRUSTMF Money Market Fund?

Set up automatic debit through Allvest by providing bank mandate or enabling auto-pay feature. This ensures seamless monthly investments without manual intervention.

How can I withdraw/redeem my investment in TRUSTMF Money Market Fund?

You can redeem your investment anytime through Allvest platform or AMC website. Money market funds typically offer high liquidity with same-day or next-day redemption processing.