Upcoming NFO: TRUST Mutual Fund Filed Draft for Mid Cap Fund

TRUST Mutual Fund has filed the draft documents for the TRUSTMF Mid Cap Fund, which is proposed as an open-ended equity scheme investing mainly in mid-cap companies. Units will be issued at ₹10 during the New Fund Offer (NFO).  

The scheme has been placed in the Very High risk category in line with SEBI’s riskometer framework.  

Allocation Framework 

The draft states that the scheme will keep 65-100% of its assets in mid-cap equities. Mid-caps are defined as companies ranked 101st to 250th by full market capitalisation. Up to 35% may be in other equity segments or in debt and money market instruments. 

Investment in REITs and InvITs can go up to 10%, and overseas exposure can reach 25%, depending on regulatory limits. These levels may shift temporarily during rebalancing.  

Investment Process 

The fund house describes a research-based method for selecting stocks. Each stock added must have a written report detailing business information, financials, and reasons for inclusion.  

A core list of approved companies is maintained and reviewed regularly. Portfolio decisions will be taken from this list, with changes made when data or company conditions require it.  

Plans, Costs and Transactions 

The scheme will offer Direct and Regular plans, both carrying only a Growth option. Minimum application starts at ₹1,000. SIP options include weekly, fortnightly, monthly and quarterly instalments, beginning at ₹1,000 (₹3,000 for quarterly).  

An exit load of 1% applies if units are redeemed or switched out within 180 days, and nil thereafter. Daily NAVs are expected to be published by 11 pm on AMFI and the fund’s website. NFO expenses will be paid by the AMC and not the scheme.  

Management and Current Status 

The scheme will be managed by Mihir Vora and Aakash Manghani. As this is a new fund, it has no portfolio or performance data at this stage.  

The draft also notes that the trustees have confirmed it is a new product and not a modified version of an existing scheme. 

Read More: Top 5 Balanced Advantage SWP Mutual Funds for Dynamic Asset Allocation for December 2025! 

Conclusion  

With the draft now submitted, the scheme’s launch and other operational dates will proceed after regulatory procedures are completed. All features remain subject to the final approved document. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   

Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.