Trust Mutual Fund launches its first mutual fund scheme, TRUSTMF Flexi Cap Fund – NFO details inside!
The New Fund Offer (NFO) is open for subscription from April 5 to April 19, 2024. There's no entry fee, but if you redeem or switch within 180 days, a 1% exit fee applies. The minimum subscription is Rs 1000.
Trust Mutual Fund has introduced a new open-ended equity scheme called TRUSTMF Flexi Cap Fund. This fund aims to grow capital and provide income over the long term by investing in a mix of stocks across different market sizes (large, mid, and small caps), along with debt and money market instruments. The New Fund Offer (NFO) is open for subscription from April 5 to April 19, 2024. There's no entry fee, but if you redeem or switch within 180 days, a 1 per cent exit fee applies. The minimum subscription is Rs. 1000.
Investment Objective
The goal of TRUSTMF Flexi Cap Fund is long-term growth in capital and income through active management of a diversified portfolio consisting of various stocks and debt instruments. There's no guarantee the investment objective will be met. This fund is suitable for investors looking for long-term capital growth and willing to invest in a mix of company stocks across different market sizes.
Risk and Allocation
The fund will mainly invest in stocks (large, mid, and small caps) with a minimum of 65 per cent and a maximum of 100 per cent allocation. It may also allocate up to 35 per cent in debt and money market instruments, and up to 10 per cent in units issued by REITs & InvITs.
Risk-o-meter:
Benchmark and Managers
TRUSTMF Flexi Cap Fund's performance will be compared against the NIFTY 500 TRI index. The fund will be managed by Mr. Mihir Vora and Mr. Aakash Manghani. Mr. Vora has 29 years of experience in financial services, while Mr. Manghani brings over 14 years of expertise in equities.
Top 4 Peer Schemes (AUM wise)
|
Scheme Name
|
AUM (Crore)
|
Expense Ratio ( per cent)
|
Returns as of - 04-04-2024 in per cent
|
|
2024
|
2023
|
2022
|
2021
|
2020
|
|
Equity: Flexi Cap
|
-
|
-
|
6.89
|
28.28
|
0.2
|
32.98
|
17.68
|
|
NIFTY 500 TRI
|
-
|
-
|
6.23
|
26.91
|
4.25
|
31.6
|
17.89
|
|
Parag Parikh Flexi Cap Reg Gr
|
58,900.52
|
1.31
|
7.63
|
36.57
|
-7.23
|
45.51
|
32.29
|
|
HDFC Flexi Cap Gr
|
49,659.20
|
1.51
|
8.02
|
30.6
|
18.29
|
36.17
|
6.44
|
|
Kotak Flexi Cap Gr
|
45,111.78
|
1.48
|
6.44
|
24.2
|
5
|
25.37
|
11.79
|
|
UTI Flexi Cap Gr
|
24,684.31
|
1.66
|
-1.34
|
19.81
|
-13.42
|
33.98
|
31.55
|
Data as of April 04, 2024
Characteristics of Flexi Cap Funds
Flexi-cap funds invest across all company sizes, from large established firms to smaller, high-growth businesses. Unlike funds limited to a single market cap, flexi-cap funds offer diversification and the freedom for the fund manager to choose stocks based on potential, regardless of size. This flexibility allows the fund to potentially capture growth across the market while balancing risk. They are considered less risky than pure Small-Cap funds but may not offer the same potential high returns.
Disclaimer: The article is for informational purposes only and not investment advice
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