Trust Mutual Fund Flexi Cap Equity Fund Attracts Over Rs. 500 Crore in NFO

An Ambitious Entry into Equity Funds

Trust Mutual Fund, known for its fixed-income offerings, has made a bold move into the equity space with the launch of its flexi cap fund. The TRUSTMF Flexi Cap Fund, an open-ended equity scheme, has garnered a substantial Rs. 510 crore during its New Fund Offering (NFO) period, which ended on April 20. This marks an impressive debut for the fund house’s equity segment.

Aakash Manghani Joins as Fund Manager

To lead its new equity venture, Trust Mutual Fund has appointed Aakash Manghani as Fund Manager, Equities. Manghani will work alongside Mihir Vora, the fund house’s Chief Investment Officer, to manage the flexi cap fund.

Enthusiastic Reception and Strategic Deployment

Sandeep Bagla, CEO of Trust Mutual Fund, expressed his delight at the positive reception to their first equity offering. “We are excited to embark on this journey with the diverse investing populace of India/Bharat,” Bagla said, emphasizing the fund’s commitment to integrity, transparency, and service. Mihir Vora noted that the strong NFO collection and large number of applications indicate investor confidence in the fund’s investment philosophy and expertise. The fund’s deployment strategy will aim for judicious and optimal allocation over the coming weeks.

A Vision for Long-Term Growth

The investment objective of the TRUSTMF Flexi Cap Fund is to provide long-term capital growth and income to investors through a diversified portfolio of equity and equity-related securities across the market capitalization spectrum. While the objective is clear, the fund house cautions that there is no assurance of achieving this goal.

Investment Approach and Fund Highlights

Trust Mutual Fund’s strategy revolves around identifying high-growth sectors and stocks in the Indian market. The fund’s leadership team employs a unique framework—the Leadership, Intangibles, Megatrends (LIM) approach—to identify companies with high growth potential, often termed “Gorilla Companies.” These are typically rare, dominant, and unchallenged firms with significant growth runway.

The fund’s approach combines Terminal Value Investing and Growth at Reasonable Valuations, aiming to generate alpha through strategic stock-picking. Trust Mutual Fund’s emphasis on differentiated insights provides the conviction, patience, and wisdom to navigate both short-term and long-term investment landscapes.

Connections with Industry Veterans

The fund house benefits from the association with Utpal Sheth, CEO of RARE Enterprises, who serves as one of its AMC’s directors. Although Sheth does not participate in the fund’s management or stock-picking, his connection to the renowned investor Rakesh Jhunjhunwala and his shared philosophies bring additional confidence to distributors and investors. This underscores the fund’s credibility and reinforces its focus on strategic investment approaches.

Trust Mutual Fund enters the equity market with its new flexi cap fund, raising Rs. 510 crore during its NFO. With a strategic approach to identifying high-growth companies, the fund aims to provide long-term capital growth and income. Led by seasoned fund managers and supported by industry veterans, the TRUSTMF Flexi Cap Fund has generated significant interest and confidence among investors.

Elevate your savings strategy with our easy-to-use SIP Return Calculator. See the impact of consistent investing. Your future self will thank you. Start planning today!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.