TRUSTMF Mid Cap Fund NFO: Diversified category
TRUSTMF Mid Cap Fund, a New Fund Offer (NFO), offered by Trust Asset Management Private Limited, is categorised under the diversified category.
TRUSTMF Mid Cap Fund NFO: Minimum investment
The minimum investment amount is Rs 1,000. The offer price per unit is Rs 10. The fund management team includes Mihir Vora and Akash Manghani for equities. The fund’s benchmark will be the Nifty Midcap 150 Total Return Index.
TRUSTMF Mid Cap Fund NFO: Entry Load and Exit Load
The entry load for TRUSTMF Mid Fund NFO is Nil while the exit load of 1% is levied if is redeemed/ switched out within 180 days from the date of allotment and nil if the amount is redeemed/switched out after 180 days from the date of allotment.
TRUSTMF Mid Cap Fund NFO: Key Highlights
What is an NFO, and how does it work in mutual funds?
An NFO, or New Fund Offer, is the launch of a new mutual fund by an asset management company or fund house. When an NFO is launched, investors can invest in the the scheme by subscribing to its units. Typically, in India, the offer price of an NFO is Rs 10 per mutual fund unit. This helps raise funds and capital from the market to invest in shares, bonds, and other securities. NFOs have a fixed time period within which investors can invest their money. After the NFO period ends, regular trading resumes.
Investors can purchase fund units at a nominal price during the limited period the NFO is open for investment. After the NFO period ends, the units are traded on stock exchanges at their net asset value (NAV). The fund manager managing the fund allocates the raised funds across various financial assets based on the fund’s objective. There are three types of mutual fund NFOs – open-ended, closed-ended, and interval funds.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
