June 13, 2024
mayank
TRUSTMF Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,148.4824
NAV IDCW Daily: Rs 1,145.6923
Suitable For Which Investors?
“Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don’t need for a few days up to a year.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to provide reasonable returns commensurating with overnight call rates and providing a high level of liquidity, through investments in overnight securities having maturity / unexpired maturity of 1 business day.
Fund Manager:
1) Jalpan Shah
Education: Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience: Prior to joining Trust Mutual Fund,he was associated with HSBC Mutual Fund, L&T Mutual Fund, FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
2) Neeraj Jain
Education: Mr. Jain has done B.E(Mechanical) and PGPM, Finance
Experience: Prior to joining Trust Mutual Fund, he has worked with Trust Group and Futures First
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) | — |
| Exit Load | 0 |
| Lock-in Period | NA |
Basic Details
| Fund House | TRUST Mutual Fund |
| Launch Date | 19-Jan-22 |
| Return Since Launch | 5.94% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 108 Cr |
| (As on 31-May-2024) | |
| Expense | 0.07% |
| (As on 30-Apr-2024) | |
| Risk Grade | — |
| Return Grade | Average |
Trailing Returns (%) of TRUSTMF Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| TRUSTMF Overnight Dir | 2.97 | 0.02 | 0.56 | 1.66 | 3.33 | 6.79 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 2.02 | 0.01 | 0.40 | 1.10 | 2.32 | 4.53 | — | — | — | — |
| Debt: Overnight | 2.98 | 0.02 | 0.55 | 1.65 | 3.34 | 6.81 | — | — | — | — |
| Rank within category | 25 | 21 | 3 | 17 | 24 | 22 | — | — | — | — |
| Number of funds in category | 35 | 35 | 35 | 35 | 35 | 32 | 27 | 16 | 2 | 2 |
Peer Comparison of TRUSTMF Overnight Fund
| 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 Overnight Dir | 3 star | 6.79 | — | — | 0.07 | 108 | 5.94 | — | 2Y 4M |
| Axis Overnight Dir | 5 star | 6.84 | 5.43 | 4.80 | 0.05 | 9,383 | 4.87 | — | 5Y 2M |
| ABSL Overnight Dir | 4 star | 6.82 | 5.41 | 4.78 | 0.08 | 9,221 | 4.95 | — | 5Y 7M |
| Nippon India Overnight Dir | 4 star | 6.83 | 5.42 | 4.80 | 0.08 | 7,083 | 4.94 | — | 5Y 5M |
| Kotak Overnight Dir | 4 star | 6.82 | 5.40 | 4.77 | 0.08 | 5,474 | 4.88 | — | 5Y 4M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 1 | 3 |
| Macaulay Duration (yrs) | 0.01 | 0.01 |
| Average Maturity (yrs) | 0.01 | 0.01 |
| Yield to Maturity (%) | 6.61 | 6.67 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in TRUSTMF Overnight Fund?
Chanakya’s Mutual Fund Guidance For TRUSTMF Overnight Fund
Apply Online: https://www.trustmf.com/ourProducts
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