June 12, 2024
mayank
TRUSTMF Corporate Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,102.1439
NAV IDCW Monthly: Rs 1,094.4284
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) 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) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | TRUST Mutual Fund |
| Launch Date | 20-Jan-23 |
| Return Since Launch | 7.24% |
| Benchmark | CRISIL Corporate Debt A-II |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 65 Cr |
| (As on 31-May-2024) | |
| Expense | 0.22% |
| (As on 30-Apr-2024) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of TRUSTMF Corporate Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| TRUSTMF Corporate Bond Dir | 3.33 | 0.05 | 0.75 | 1.66 | 3.97 | 6.85 | — | — | — | — |
| VR Bond | 4.06 | 0.07 | 0.93 | 1.60 | 4.78 | 6.92 | — | — | — | — |
| Debt: Corporate Bond | 3.51 | 0.05 | 0.75 | 1.72 | 4.09 | 7.01 | — | — | — | — |
| Rank within category | 19 | 10 | 12 | 16 | 18 | 14 | — | — | — | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 20 | 19 | 13 | 11 |
Peer Comparison of TRUSTMF Corporate Bond 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 Corporate Bond Dir | Unrated | 6.85 | — | — | 0.22 | 65 | 7.24 | — | 1Y 4M |
| HDFC Corporate Bond Dir | 4 star | 7.57 | 5.74 | 7.29 | 0.35 | 28,959 | 8.08 | — | 11Y 5M |
| ICICI Pru Corporate Bond Dir | 5 star | 7.70 | 6.20 | 7.37 | 0.32 | 27,286 | 8.18 | — | 11Y 5M |
| ABSL Corporate Bond Dir | 4 star | 7.58 | 5.86 | 7.32 | 0.33 | 22,042 | 8.19 | — | 11Y 5M |
| Axis Corporate Debt Dir | 4 star | 7.37 | 5.93 | 7.67 | 0.30 | 5,282 | 7.41 | — | 6Y 10M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 11 | 73 |
| Macaulay Duration (yrs) | 2.76 | 3.29 |
| Average Maturity (yrs) | 3.46 | 4.28 |
| Yield to Maturity (%) | 7.19 | 7.65 |
| Avg Credit Rating | AAA | — |
How to Invest in TRUSTMF Corporate Bond Fund?
Chanakya’s Mutual Fund Guidance For TRUSTMF Corporate Bond Fund
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