August 12, 2025
RA Jainee
TRUSTMF Arbitrage Fund NFO Review – Dates, Returns, Benchmark & SahiFund Verdict
| NFO opens on | 18 August 2025 |
| NFO Closes on | 22 August 2025 |
| Min. Investment | Rs. 1000 |
| Plans | Growth |
| Sahifund Verdict | Investors looking for stability, low volatility and tax-efficient alternatives to FDs may consider this fund. However, it is not suitable for those expecting high equity-like returns. |
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. Basic Details NFO
4. Benchmark Index NFO
5. Fund Manager | Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the TRUSTMF Arbitrage Fund Open Date, Close Date?
NFO opens on August 18, 2025
NFO will close on August 22, 2025
Investment Strategy for this NFO?
The scheme seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
Basic Details
| Fund House | TRUST Mutual Fund |
| Issue Open | 18 August 2025 |
| Issue Close | 22 August 2025 |
| Type | Open-ended |
| Category | Hybrid: Arbitrage |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 7 days |
| Riskometer | Low |
| Benchmark | NIFTY 50 Arbitrage TRI |
About Benchmark Index for this NFO?
In equity market arbitrage is a popular strategy used by market participants that involves buying equities and selling equivalent equity futures.
The Nifty 50 Arbitrage Index aims to measure the performance of such arbitrage strategies. The index measures performance of portfolio involving investment in equity and equivalent short position equity futures, short-term debt market investments and cash.
Portfolio Characteristics
| Methodology | Price Returns |
| No. of Constituents | — |
| Launch Date | July 08, 2016 |
| Base Date | April 01, 2010 |
| Base Value | 1000 |
| Calculation Frequency | End of day |
| Index Rebalancing | — |
Fund Managers of TRUSTMF Arbitrage Fund
1) Mihir Vora
Education: Mr. Vora is B.E.(Mechanical) and has a PGDM from IIM, Lucknow.
Experience: Prior to this, he worked with ABN Amro AMC, managing equity funds, with Pru ICICI AMC for 4 long years and SBI with Funds Mgt. Ltd. from 1994-2000.
2) Sachin Parekh
Education: Post Graduate Diploma in Business Administration (P.G.D.B.A- Finance & Marketing)
Experience: Prior to joining the Trust MF, he was associated with Tata Amc, BOI AXA Investment Managers, IDFC Securities Ltd, Systematix Shares & Stocks (India) Ltd,
AMC
Trust Asset Management Pvt. Ltd.
Address: 801, G Block, Naman Center, Bandra Kurla Complex, Bandra (East), Mumbai – 400051
Website: https://www.trustmf.com
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
[ A ] Benchmark Performance of NIFTY 50 Arbitrage TRI
Statistics
| QTD | YTD | 1 Year | 5 Years | Since Inception | |
| Returns (%) # | 0.52 | 4.44 | 7.48 | 5.92 | 6.24 |
| 1 Year | 5 Years | Since Inception | |
| Std. Deviation * | 1.25 | 1.15 | 1.44 |
Weights of Index Constituents
| Near-Month | |
| NIFTY 50 Index Futures | 65% |
| 1 Month MIBOR | 30% |
| Cash | 5% |
[A] Benchmark Performance
The benchmark, NIFTY 50 Arbitrage TRI, has delivered steady and predictable returns, with 7.48% in 1 year, 5.92% over 5 years and 6.24% since inception, while maintaining low volatility (Std. Dev. ~1.25). Arbitrage as a category has typically provided low-risk, FD-plus returns with limited drawdowns, making it suitable for conservative investors.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Mihir Vora
| Fund | TRUSTMF Small Cap Fund | It’s Benchmark | TRUSTMF Multi Cap Fund | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 12-8-2025
Past Performance of Sachin Parekh
As on 12-8-2025
[B] Fund Managers’ Past Performance
The NFO will be managed by Mihir Vora and Sachin Parekh, both seasoned fund managers with long stints across reputed AMCs. Mihir Vora has managed equity portfolios at ABN Amro and Pru ICICI AMC, while Sachin Parekh brings experience from Tata AMC and BOI AXA. While past performance track record of this exact fund type under them is limited, their combined experience of over two decades provides confidence in execution.
[C] SahiFund Verdict
TRUSTMF Arbitrage Fund NFO is designed to capture equity–derivatives arbitrage opportunities while balancing risk through debt and money market allocation. With a low-risk profile and modest return potential (around 6–7%), it can serve as a parking avenue for short-term surplus funds. Investors looking for stability, low volatility and tax-efficient alternatives to FDs may consider this fund. However, it is not suitable for those expecting high equity-like returns.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
The scheme aims to generate capital appreciation and income by investing in arbitrage opportunities in the cash and derivatives market, along with debt and money market instruments.
The NFO opens on August 18, 2025 and closes on August 22, 2025. Investors can apply with a minimum of ₹1,000.
The fund is managed by Mihir Vora (ex-ABN Amro AMC, Pru ICICI AMC) and Sachin Parekh (ex-Tata AMC, BOI AXA), both with over two decades of industry experience
Arbitrage funds typically deliver 6–7% annualized returns in line with short-term market opportunities, offering low-risk and stable performance compared to equity funds.
This NFO suits investors seeking low-risk, tax-efficient alternatives to FDs or liquid funds. It is ideal for short-term surplus parking, but not recommended for those expecting high equity-like returns.
Is it good to invest in TRUSTMF Arbitrage Fund NFO?
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
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