Trust MF has launched its fourth fund - Trust Overnight Fund NFO, which is an open ended scheme.
The fund aims to provide reasonable returns that commensurate with overnight call/money market rates. It will provide high level of liquidity through investments in overnight securities having maturity/unexpired maturity of 1 business day.
The NFO is ideal for an investment period of 1-7 days and will be managed by Anand Nevatia.
Commenting on the NFO launch, Sandeep Bagla, CEO, Trust MF said, “Overnight funds have emerged as one of the safest vehicles for corporates to park their excess money. Our fund offers a low-risk investment portfolio to park funds, which can be easily withdrawn as and when an investor needs liquidity.”
