Trust Asset Management announces the launch of TrustMF Overnight Fund
Trust Mutual Fund has announced the launch of its new fund offering (NFO) – the TrustMF Overnight Fund which aims to provide reasonable returns matching overnight call rates and to provide a high level of liquidity, through investments in overnight securities with a maturity / unexpired maturity of 1 business day.
The NFO will be open for subscription from 17 January 2022 and will close the following day on 18 January 2022. The Fund will be managed by Anand Nevatia, Fund Manager, Trust Mutual Fund. This is the fourth launch of Trust Mutual Fund.
Investment in high quality overnight securities, therefore no impact on the MTM
Minimum credit, interest rate and liquidity risk
Highest liquidity with no exit load
Ideal for short-term/emergency cash parking for a holding period of up to 7 days
Sandeep Bagla, CEO of Trust Mutual Fund, said: “Overnight funds have become one of the safest ways for companies to park their excess cash. TrustMF Overnight Fund thus offers companies a low-risk option to invest their funds, which can be easily withdrawn as and when cash is needed.
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Posted: Friday, January 14, 2022, 2:05 PM IST