Trust Mutual Fund has launched its first NFO – Trust MF Banking & PSU Debt Fund.
The open-ended debt scheme will predominantly invest in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds. Anand Nevatia and Sandeep Bagla will manage this fund.
In a press release, the fund house said that it will follow a structured investment approach backed by “LimitedACTIV’’ methodology that will assist the fund management team in: Defining a high-quality investible universe of issuers, creating a model portfolio with broad-based weights on outstanding amounts and portfolio construction using model portfolio as the guiding framework.
Sandeep Bagla, CEO of Trust MF said, “We want to make the process of investment in fixed income securities more systematic, transparent and objective. We want to communicate the mechanism of this process to our distributors and investors. For this we have tied up CRISIL who will be our strategic knowledge partner and that will help us make our investment process more robust.”
Talking about the fund, Anand Nevatia, Fund Manager of TRUSTMF Banking & PSU Debt Fund said, “We will be currently following a roll down strategy with a target maturity of 3.5 years as the segment is offering decent spread over 3-year instruments.”
