Trust introduces Money Market Fund

Trust Mutual Fund (MF) has launched the TRUSTMF Money Market Fund, an open-ended debt scheme investing in money market instruments with relatively low interest rate risk and moderate credit risk. The NFO opens for subscription on August 05, 2022 and closes on August 11, 2022. The Entry load and the Exit load is nil for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against CRISIL Money Market Fund BI Index (Tier I Benchmark) and its fund manager is Anand Nevatia.

The investment objective of the scheme is to generate income/ capital appreciation by investing in money market instruments having maturity of upto 1 year.