Description
TRUST Mutual Fund eliminates minimum redemption amount requirement for TRUSTMF Multi Cap Fund effective September 2, 2025.
Summary
TRUST Asset Management Private Limited has revised the minimum redemption criteria for TRUSTMF Multi Cap Fund, completely eliminating the minimum redemption amount requirement. The change takes effect from September 2, 2025, and applies to redemptions through the BSE StAR MF platform.
Key Points
- Previous minimum redemption amount was Rs. 1,000/- with multiples of any amount thereafter
- New policy eliminates all minimum redemption criteria
- Change applies to TRUSTMF Multi Cap Fund only
- Revision effective from September 2, 2025
- SID and KIM documents will be amended accordingly
Regulatory Changes
The Scheme Information Document (SID) and Key Information Memorandum (KIM) of TRUSTMF Multi Cap Fund will be amended to reflect the elimination of minimum redemption requirements. This notice-cum-addendum forms an integral part of these regulatory documents.
Compliance Requirements
- Fund house to update SID and KIM documents
- Unitholders and investors to note the revised redemption terms
- All other terms and conditions of the fund remain unchanged
Important Dates
- Effective Date: September 2, 2025
- Notice Date: September 1, 2025
Impact Assessment
This change enhances investor convenience by providing greater flexibility in redemption amounts, potentially improving fund accessibility for small investors. The elimination of minimum redemption criteria may lead to increased transaction volumes and improved liquidity for the fund.
Impact Justification
Improves investor flexibility by removing redemption barriers, moderate impact on fund operations