Friday, October 20, 2023

TRUST Mutual Fund announces the appointment of industry veteran Mihir Vora as Chief Investment Officer

Mumbai, October 19, 2023: TRUST Mutual Fund announces the appointment of veteran fund manager Mihir Vora as its Chief Investment Officer (CIO). Mihir will head investments for the mutual fund, which aims to widen its product offerings to other asset classes including equity mutual funds. Mihir has a distinguished career spanning nearly three decades in investing across asset classes including equity, fixed income, real estate and alternative investment funds. TRUST MF is promoted by TRUST Group, a multi-line and multi-asset financial services platform.

Mihir Vora joins TRUST Mutual Fund from Max Life Insurance where he served as Senior Director & Chief Investment Officer, managing assets of over INR 130,000 crores. He has formerly held senior positions at prominent financial institutions, like Aditya Birla Sun Life Mutual Fund, Abu Dhabi Investment Authority, HSBC Mutual Fund, ABN AMRO Mutual Fund, ICICI Prudential Mutual Fund, and SBI Mutual Fund. 

Mihir has successfully built high-performing investment teams across different organizations, including mutual funds, sovereign wealth funds, and insurance companies. His expertise spans large-cap, mid-cap, sectoral, as well as thematic mandates.

Utpal Sheth, Director, TRUST Asset Management mentioned, “We’re excited to welcome Mihir Vora as an invaluable addition to our Mutual Fund leadership team. Mihir’s long-term orientation, growth mindset and deep expertise in the asset management space will undoubtedly contribute to the continued growth and success of TRUST Mutual Fund. His client-first thinking and commitment to excellence align perfectly with our values. We extend our best wishes to Mihir for this exciting new chapter".

Sandeep Bagla, CEO, TRUST Mutual Fund said "We are delighted to welcome Mihir Vora on board. Mihir's knowledge and expertise will be instrumental in advancing TRUST Mutual Fund's mission to serve our investors and distributors and to make TRUST Mutual Fund a significant player in the mutual funds space".

"I am honored to be a part of a team that prioritizes providing consistent value to our investors. We are excited about the future of the asset management industry and aspire to provide relevant investment solutions for investors”, expressed Mihir Vora

Mihir is a mechanical engineer and has degree in management from Indian Institute of Management, Lucknow. He is also a Chartered Financial Analyst, holding accreditation from the CFA Institute, USA. 

About Trust Mutual Fund:

TRUST Mutual Fund launched its first scheme in January 2021. Currently, it has 7 schemes and is driven by a clear mandate, credible investment process, and consistent focus on risk-adjusted returns.

Trust Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Trust Investment Advisors Private Limited (liability restricted to Rs 1 lakh). 

Trustee: Trust AMC Trustee Private Limited: 

Investment Manager: Trust Asset Management Private Limited (the AMC).

The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time.  The information contained herein should not be construed as a forecast or promise nor should it be considered as an investment advice. 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

For more information about Trust Mutual Fund, please visit 

About Trust Group:  

Founded in 2001, TRUST Group is an institutionalized multi-line and multi-asset financial services platform co-founded by Nipa Sheth and Utpal Sheth. TRUST is the market leader in the Debt Capital Markets space providing Investment Banking Solutions and Capital Market Services. 

TRUST is a differentiated player in the Advisory, Wealth and Asset Management space with offerings across Mutual Fund (TRUST Mutual Fund), Equity & Debt PMS, Wealth Management (TRUST Plutus) and Alternative Asset Management, managing and advising total assets of over INR 18,500 crores as on September 30, 2023. TRUST focuses on insight-led value-creation and wealth solutions for corporates and investors.

TRUST has offices in Mumbai (Corporate Office), Delhi, Kolkata, Chennai, Bengaluru, Hyderabad, Pune, Ahmedabad, Bharuch, Surat, Vadodara and Vijayawada. 

For more information about Trust Group, please visit   

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