TRUSTMF Corporate Bond Fund
NAV Growth: Rs 1,033.7289
NAV IDCW Monthly: Rs 1,033.9650
Suitable For Which Investors?
“Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate optimal returns by investing predominantly in AA+ and above rated corporate bonds.
Fund Manager:
1) Anand Nevatia
Education: Mr Nevatia is a Diploma, CFA
Experience: Prior to working as a Fund Manager for the Fixed Income Schemes of Trust AMC. He has been associated with Trust Group for almost two decades in various capacities. These included Advisory Services, Research & Analysis & Portfolio Strategy. He had been managing the Fixed Income PMS for Trust Group since 2014 before assuming his new role at Trust AMC.
Investment Details
Min. Investment (Rs) | 1,000 |
Min. Addl Investment (Rs) | 1,000 |
Min. SIP Investment (Rs) | 1,000 |
Min. Withdrawal (Rs) | — |
Min. No of Cheques | 6 |
Min. Balance (Rs) | — |
Lock-in Period | NA |
Exit Load | 0 |
Basic Details
Fund House | TRUST Mutual Fund |
Launch Date | 20-Jan-23 |
Return Since Launch | 3.37% |
Benchmark | CRISIL Corporate Bond B-III Index |
Riskometer | Moderate |
Type | Open-ended |
Assets | Rs 126 Cr |
(As on 31-May-2023) | |
Expense | 0.25% |
(As on 31-May-2023) | |
Risk Grade | — |
Return Grade | — |
TRUSTMF Corporate Bond Fund Trailing Returns (%)
Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
TRUSTMF Corp Bond Dir | — | -0.04 | 0.32 | 2.09 | — | — | — | — | — | — |
VR Bond | — | 0.04 | 0.07 | 2.17 | — | — | — | — | — | — |
Debt: Corporate Bond | — | -0.02 | 0.31 | 2.09 | — | — | — | — | — | — |
Rank within category | — | 19 | 12 | 13 | — | — | — | — | — | — |
Number of funds in category | 21 | 22 | 22 | 22 | 21 | 21 | 19 | 15 | 13 | 10 |
TRUSTMF Corporate Bond Fund Peer Comparison
Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
TRUSTMF Corp Bond Dir | Unrated | — | — | — | 0.25 | 126 | 3.37 | — | 0yrs 5mo |
ICICI Pru Corp Bond Dir | 4 star | 8.00 | 5.81 | 7.66 | 0.32 | 21,489 | 8.22 | — | 10yrs 6mo |
ABSL Corp Bond Dir | 4 star | 7.47 | 5.61 | 7.73 | 0.29 | 17,237 | 8.23 | — | 10yrs 6mo |
Axis Corp Debt Dir | 5 star | 7.47 | 5.95 | 7.37 | 0.25 | 4,613 | 7.38 | — | 5yrs 11mo |
Nippon Ind Corp Bond Dir | 5 star | 7.85 | 6.34 | 7.24 | 0.34 | 2,296 | 7.96 | — | 10yrs 6mo |
Portfolio Breakup
Fund | Category | |
Number of Securities | 7 | 67 |
Modified Duration (yrs) | 2.09 | 2.50 |
Average Maturity (yrs) | 2.95 | 3.50 |
Yield to Maturity (%) | 7.12 | 7.40 |
Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For TRUSTMF Corporate Bond Fund
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