Fund manager · TRUST

Jalpan Shah

Shah, Head - Fixed Income & Fund Manager - Fixed Income at TRUST. Runs 6 schemes worth ₹1,213 Cr.

Fund house
TRUSTThey run their schemes at TRUST.
AUM they run
₹1,213 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.
Schemes
6 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Jul 2024.
Experience
21 yearsOver 21 years of experience in financial services industry. May 2024 till date Head Fixed Income - Trust Asset Management Private Limited November 2022 - May 2024 Senior Vice President, Fund Management - Fixed Income, HSBC Asset Management (India) Private Limited June 2014 - November 2022 Portfolio Manager - Fixed Income, L&T Investment Management Ltd. November 2012 - June 2014 Dealer - Fixed Income and Macro Economic Research, L&T Investment Management Limited December 2007 - November 2012 Research Associate, FIL Fund Management Private Limited

Profile^{(TRUST's SAI, 9 Oct 2026)}

About

Role: Shah, Head - Fixed Income & Fund Manager - Fixed Income
Studied: B.E. (Mechanical), PGDM
Age: 46 years
Experience: Over 21 years of experience in financial services industry. May 2024 till date Head Fixed Income - Trust Asset Management Private Limited November 2022 - May 2024 Senior Vice President, Fund Management - Fixed Income, HSBC Asset Management (India) Private Limited June 2014 - November 2022 Portfolio Manager - Fixed Income, L&T Investment Management Ltd. November 2012 - June 2014 Dealer - Fixed Income and Macro Economic Research, L&T Investment Management Limited December 2007 - November 2012 Research Associate, FIL Fund Management Private Limited

Schemes now6

TRUSTMF Liquid Fund₹748 Cr
TRUSTMF Money Market Fund₹248 Cr
TRUSTMF Corporate Bond Fund₹77.5 Cr
TRUSTMF Overnight Fund₹73.9 Cr
TRUSTMF Short Term Fund₹65.7 Cr
TRUSTMF Fixed Maturity Plan Series II 1196 DaysJun 2024

AUM they run^{(Jun 2024 – Sept 2026)}

AUM at month end each month, and its change on the month before
12 months	₹ Cr	Change
Sept 2026	1,213	−21.5%
Aug 2026	1,544	+2.9%
Jul 2026	1,500	+26.5%
Jun 2026	1,186	−18.3%
May 2026	1,452	+6.4%
Apr 2026	1,365	+24.6%
Mar 2026	1,096	−24.1%
Feb 2026	1,443	+25.8%
Jan 2026	1,147	+24.5%
Dec 2025	921	−13.4%
Nov 2025	1,064	−8.9%
Oct 2025	1,168	+22.9%

AUM at month end, Sept 2026

₹1,213

+3.9% since Oct 2025

Fig. 1.The AUM of the schemes Jalpan Shah ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time^{(Jun 2024 – now)}

TRUST20252026

Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes^{(Jun 2024 – now)}

TRUST

6 now · since Jun 2024

TRUSTMF Liquid Fund
Co-managerJun 2024—2y 5m₹748 CrLiquidTER 0.10%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance^{(5 schemes)}

Growth · Direct plans

Return as manager: +6.72%
Beat peers: 0 of 5
vs peers: −0.12 pt
Longest run: 2.4 years
Beat benchmark: Upcoming

Each scheme Jalpan Shah ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.

TRUSTMF Overnight Fund	Jun '24–now · 2.4y	+5.74%	+5.81%	−0.08 pt	–	–
TRUSTMF Money Market Fund	Jun '24–now · 2.4y	+7.10%	+7.24%	−0.15 pt	–	–
TRUSTMF Corporate Bond Fund	Jun '24–now · 2.4y	+6.49%	+6.88%	−0.40 pt	–	–
TRUSTMF Short Term Fund	Jun '24–now · 2.4y	+7.02%	+7.14%	−0.12 pt	–	–
TRUSTMF Liquid Fund	Jun '24–now · 2.4y	+6.72%	+6.77%	−0.05 pt	–	–

Fig. 1.Each scheme Jalpan Shah ran, against its peers and benchmark over the same months. Source: AMFI.

Works with^{(1 now)}

Shradhanjali PandaLiquid Fund · Money Market Fund · Corporate Bond Fund · Overnight Fund · Short Term Fund · Fixed Maturity Plan Series II 1196 Days6 schemes