TRUST MF Flexi Cap Fund NFO collects over Rs 500 crores
Trust MF Flexi Cap Fund's new fund offer or NFO has garnered Rs 510.59 crore from investors. The fund is an open-ended dynamic equity scheme, investing across large cap, mid cap, and small cap stocks.
The fund was open for subscription from April 5 to April 20. The total assets collected during the NFO period reflect strong interest and participation from investors and distributors, said the press release by the fund house.
The fund reopened for subscription from April 29.
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«We are delighted by the overwhelming response to our first equity debut offering. I am excited on embarking on this journey that includes the wide investing populace of India. We will endeavour to maintain the highest standards of integrity, transparency, and service,” said Sandeep Bagla, CEO of TRUST Mutual Fund said.
»The strong NFO collection and large number of applications reflect investor confidence in our investment ideology and expertise. We are looking to spread the deployment of funds across the next few weeks in a judicious and optimal manner,” said Mihir Vora, Chief Investment Officer, TRUST Mutual Fund.
The fund will be managed by Mihir Vora and Aakash Manghani. The fund will be benchmarked to the Nifty 500 TRI Index.
The objective of the scheme is to provide long-term growth in capital and income to investors by
