June 12, 2024
mayank
TRUSTMF Money Market Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,132.7658
NAV IDCW Monthly: Rs 1,076.0384
Suitable For Which Investors?
“Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate income/ capital appreciation by investing in money market instruments having maturity of upto 1 year.
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 | 17-Aug-22 |
| Return Since Launch | 7.09% |
| Benchmark | CRISIL Money Market A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 90 Cr |
| (As on 31-May-2024) | |
| Expense | 0.16% |
| (As on 30-Apr-2024) | |
| Risk Grade | — |
| Return Grade | Below Average |
Trailing Returns (%) of TRUSTMF Money Market Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| TRUSTMF Money Market Dir | 3.33 | 0.03 | 0.62 | 1.84 | 3.70 | 7.17 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 2.01 | 0.01 | 0.39 | 1.09 | 2.33 | 4.47 | — | — | — | — |
| Debt: Money Market | 3.45 | 0.03 | 0.63 | 1.91 | 3.84 | 7.42 | — | — | — | — |
| Rank within category | 20 | 19 | 21 | 20 | 20 | 19 | — | — | — | — |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 22 | 18 | 14 | 12 | 12 |
Peer Comparison of TRUSTMF Money Market 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 Money Market Dir | 2 star | 7.17 | — | — | 0.16 | 90 | 7.09 | — | 1Y 9M |
| ABSL Money Manager Dir | 5 star | 7.65 | 6.10 | 6.22 | 0.21 | 23,738 | 7.40 | — | 11Y 5M |
| ICICI Pru Money Market Dir | 4 star | 7.55 | 5.98 | 6.04 | 0.21 | 22,485 | 7.25 | — | 11Y 5M |
| HDFC Money Market Dir | 4 star | 7.56 | 6.03 | 6.19 | 0.23 | 22,480 | 7.30 | — | 11Y 5M |
| Tata Money Market Dir | 5 star | 7.74 | 6.18 | 6.22 | 0.15 | 18,757 | 6.65 | — | 11Y 5M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 10 | 60 |
| Macaulay Duration (yrs) | 0.63 | 0.66 |
| Average Maturity (yrs) | 0.63 | 0.67 |
| Yield to Maturity (%) | 7.44 | 7.51 |
| Avg Credit Rating | AAA | — |
How to Invest in TRUSTMF Money Market Fund?
Chanakya’s Mutual Fund Guidance For TRUSTMF Money Market Fund
Apply Online: https://www.trustmf.com/ourProducts
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