Trust Group, one of India’s leading financial services companies with a presence in investment banking and portfolio management said that it expects to avail the first scheme of its new mutual fund in a few weeks, focusing initially on the debt segment. The Trust Group currently has a huge business in the debt market. It works as an arranger for non-convertible debentures and commercial paper, helping out in mobilizing funds for issuers from the market. It also has a debt portfolio management service of ₹13,193 crores.
Sandeep Bagla, CEO of Trust Asset Management Company said that they expect to roll out their first mutual fund scheme in the next few weeks. In the coming few years they are targeting an Asset Under Management of ₹8000 Crore to ₹10,000 Crore. They will be more focusing on the debit side and particularly the AAA bond space initially. This attempt is to strengthen and deepen the competition in India’s mutual fund industry. It was in 2019, the last mutual fund of ITI was launched. It has accumulated an AUM of almost ₹700 Crore. In this year, the industry has faced a lot of challenges. It has huge withdrawals on the equity side with monthly outflows in November reaching an all-time high of around ₹13,000 Crore. A shocking freeze had been seen in the six schemes of Franklin Templeton Mutual Fund after a hike in the recovery of months March and April. The results and yields have been reduced by some sort of rate cuts and easing measures.
Trust Group, being a leader in the full-service financial house is facilitating growth and creating wealth. They provide solutions and services across multiple asset classes like debt, equity, and real estate. They have partnerships with clients for their investment banking, capital market services, asset management, and advisory, and wealth management, and family office advisory needs. They are a thought leader and a market leader in the debt capital and derivative markets. Their main focus is on insight-led value creation and wealth solutions for corporates and investors. They also provide trans-generational wealth-management advice to their customers and about product access. Partnership with clients will last beyond transactions and is based on survival and long-term perspective.
