Trust Asset Management has announced the launch of its new fund offering (NFO), the TrustMF Money Market Fund, which aims to benefit from the stability in the money market yield curve and provide a platform for parking short-term surpluses with relatively low interest rates. offers opportunities. risk.
The NFO for the open-ended debt scheme investing in money market securities will open for subscription on August 5 and close on August 11. The scheme will be managed by Anand Nevatia, Fund Manager, Trust Mutual Fund. This is the fifth addition to the fixed income product portfolio of Trust Mutual Fund.
Sandeep Bagla, Chief Investment Officer, Trust Mutual Fund said, “We continue to focus on our core ethos of providing reliable investment solutions to our investors. The fund aims to take advantage of the money market yield curve, which has seen perennial stability. In these uncertain times, money market mutual funds will provide relative stability and reasonable returns to investors willing to park their surplus funds for an investment horizon of three to six months.”
According to the fund house, this scheme is ideal for an investment tenure of three to six months.
Anand Nevatia, Fund Manager, Trust Mutual Fund, said, “A series of rate hikes following the RBI (Reserve Bank of India) stance have resulted in unusual stability in the money market yield curve, especially in the overnight six-month curve. “
The TrustMF Money Market Fund will invest primarily in six-month instruments of high quality issuers and allow them to be rolled down to take advantage of the stability.
“This stability may provide a good opportunity to lock in higher yields and also provide downside protection from impending rate hikes. We believe this is an ideal strategy for short-term deployment in these volatile times,” Nevatia said.
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