Trust Asset Management

About

TRUST is one of India’s leading full-service financial houses. We provide solutions and services across multiple asset classes like debt, equity and real estate. We partner with clients for their investment banking, capital market services, asset management and advisory, and wealth management and family office advisory needs.  

TRUST Mutual Fund is sponsored by TRUST Asset management

Trust Investment Advisors Private Limited (TIAPL), one of the group companies of TRUST Group which was started in July 2020. TRUST AMC is the investment manager to the schemes of TRUST Mutual Fund. The Trust AMC has three Fund Offers till now – NFO of TRUSTMF Banking & PSU Debt Fund in January 2021 being the first, TRUST MF Liquid Fund in April 2021 being the second, the Short-Term Fund being the latest.

Directors of Trust Mutual Funds are Utpal Hemendra Sheth, Nipa Utpal Sheth, Hemant Nerurkar Madhusudan and Rajeev Krishnamuralilal Agarwal.

Key staff

Sandeep Bagla, Chief Executive Officer – Sandeep Bagla joined the Trust Mutual Fund as a Chief Executive officer in August 2020 after working as an associate Director in the Trust Group for 6 years. He also worked at ICICI securities as an Executive Vice president. Sandeep completed his Bachelors in economics from Presidency College and his MBA from Xavier Institute of Management.

Anand Nevatia, Fund Manager – Anand had been a part of the Trust group for 17 years prior to being designated as the Fund manager of Trust Mutual Funds. He has done his bachelors from St Xavier’s College Mumbai along with a CFA.

Investment philosophy 

“The core of our investment philosophy is to deliver consistent risk adjusted returns with an aim to provide research driven, validated and back-tested investment options that are designed to meet investment needs across all stages of life. The investment process has stringent internal risk management parameters in order to mitigate portfolio risk within specified levels and run a diversified portfolio to deliver consistent risk adjusted returns to our investors. 

Some key parameters that they endeavour to use in their investment process are:

Investible Universe

Issuers with stable high ratings | Selected on Quality, Stability and Liquidity Filters. 

Model Portfolio

Accurate representation of the Universe |Created on Outstanding Issuance amount. 

Portfolio Creation

To reflect Model Portfolio characteristics | constructed within predefined deviation limits. 

Limited Active Management

Portfolio optimization | Evaluated on Relative Valuations, Spreads and Term Structure. 

Validation Periodic review of Universe, Model

Portfolio and Actual Portfolio | By an Independent Credible Agency”

Media

Announcement of the launch of TRUST Mutual Fund, Trust MF website, 10 Dec 2020.

https://www.trustmf.com/public/images/websiteimages/pdf/Press%20Release%20-%20TRUST%20Group%20announces%20the%20launch%20of%20TRUST%20Mutual%20Fund.pdf

TRUST Group announces launch of TRUST Mutual Fund and Appoints CRISIL as a Knowledge Partner with Sandeep Bagla as CEO of TRUST Mutual Fund

Trust mutual fund crosses Rs. 1,000 crore Assets Under Management (AUM) milestone, Trust MF website, 8 April, 2021

https://www.trustmf.com/public/images/websiteimages/pdf/Press%20Release-%20TRUST%20Mutual%20Fund%20crosses%20the%20Rs.%201,000%20Crore%20Assets%20under%20Management%20(AuM)Milestone.pdf

They recently concluded second NFO – that of the TRUSTMF Liquid Fund was also highly successful and the combined AuM of both these funds has enabled TRUST Mutual Fund to cross the Rs. 1,000 Crore AuM mark as on April 28, 2021. 

TRUST AM announces the launch of TRUSTMF Short Term Fund, Equity Bulls, 15 July 2021

https://equitybulls.com/category.php?id=293493 

TRUST Asset Management Company announced the launch of its New Fund Offer (NFO) – the TRUSTMF Short Term Fund which aims to deliver consistent returns and is ideal for a minimum 6-12 months investment horizon. The NFO was open for subscription from 20th July 2021 to 3rd August 2021 and was managed by Anand Nevatia, Fund Manager, TRUST Mutual Fund. This was the third launch from TRUST Mutual Fund.

Analyst questions

How do you manage the risks?  

Since you have a team who has worked in different Asset Management Companies in the past, how do you align your investment philosophies?

Prepared by – Malya Verma, 19 May 2022

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