Description
TRUST Asset Management removes minimum redemption criteria for TRUSTMF Multi Cap Fund effective September 2, 2025.
Summary
TRUST Asset Management Private Limited has announced the removal of minimum redemption criteria for TRUSTMF Multi Cap Fund. The change eliminates the existing requirement of Rs. 1,000 minimum redemption amount, allowing investors greater flexibility in partial withdrawals from September 2, 2025.
Key Points
- Existing minimum redemption amount of Rs. 1,000 (or account balance if lower) removed completely
- Unit-based redemptions already had no minimum criteria
- Change effective from September 2, 2025
- Scheme Information Document (SID) and Key Information Memorandum (KIM) to be updated accordingly
- All other fund terms and conditions remain unchanged
Regulatory Changes
Revision to fund redemption policy as per addendum to SID and KIM documents. The change represents a liberalization of redemption terms for investor convenience.
Compliance Requirements
- Fund house to update SID and KIM documents to reflect new redemption terms
- Investors advised to note the revised redemption criteria
- Notice forms integral part of fund documentation
Important Dates
- Effective Date: September 2, 2025
- Notice Date: September 1, 2025
Impact Assessment
Positive impact for existing and potential investors as it removes barriers to partial redemptions, enhancing liquidity and investor convenience. The change aligns with investor-friendly practices and may improve fund accessibility, though market impact is expected to be minimal given the administrative nature of the change.
Impact Justification
Administrative change removing minimum redemption criteria, making fund more accessible but with limited market impact