TRUSTMF Mid Cap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹11.90+0.08%1 day
- Return since launch
- 19.0%
- 52-week range
- ₹9.80 — ₹12.48
- AUM
- ₹687 Cr
TRUSTMF Mid Cap Fund is a Mid Cap equity fund from TRUST Mutual Fund with ₹687 Cr under management, launched in 2026. The expense ratio is 3.53% and the SEBI riskometer reading is Very High.
Performance
TRUSTMF Mid Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +19.0% against +12.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.0% | −0.1 pts | 1.1% | 2.2% |
| 3M | -1.6% | +2.0 pts | -3.6% | -4.7% |
| 6M | 7.2% | +6.7 pts | 0.5% | 0.3% |
Since launch (27 Feb 2026): 19.0%
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
3.49%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.01%
- Brokerage
- 0.39%
- Transaction charges
- 0.02%
- Statutory levies
- 1.07%
- Exit load
- Exit load of 1%, if redeemed within 180 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Midcap 150 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
TRUSTMF Mid Cap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity94.2%
- Other5.8%
Market cap split
- Large5.5%
- Mid71.3%
- Small23.2%
- P/E
- 44.21
- P/B
- 5.18
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 5.79% | ₹39.62 Cr | +10.18% | +43.28% | — |
| Multi Commodity Exchange Of India Ltd. | Services | 4.01% | ₹27.51 Cr | +3.01% | +1.47% | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 3.57% | ₹24.51 Cr | +2.50% | +0.92% | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 3.20% | ₹22.00 Cr | +3.19% | +1.58% | — |
| Aurobindo Pharma Ltd. | Healthcare | 2.99% | ₹20.55 Cr | +0.99% | +1.48% | — |
| Radico Khaitan Ltd. | Consumer Staples | 2.90% | ₹19.88 Cr | +2.22% | +0.97% | — |
| Laurus Labs Ltd. | Healthcare | 2.71% | ₹18.58 Cr | +1.94% | +1.22% | — |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | 2.54% | ₹17.43 Cr | — | — | — |
| The Phoenix Mills Ltd. | Construction | 2.48% | ₹17.05 Cr | +1.10% | +1.18% | — |
| The Federal Bank Ltd. | Financial | 2.29% | ₹15.72 Cr | +3.10% | +1.34% | — |
| Swiggy Ltd. | Services | 2.25% | ₹15.44 Cr | — | — | — |
| AU Small Finance Bank Ltd. | Financial | 2.21% | ₹15.16 Cr | +2.31% | +1.30% | — |
| One 97 Communications Ltd. | Services | 2.19% | ₹15.00 Cr | +2.28% | +1.12% | — |
| ITC Hotels Ltd. | Services | 2.18% | ₹15.00 Cr | +1.74% | +1.17% | — |
| The Indian Hotels Company Ltd. | Services | 2.14% | ₹14.70 Cr | — | — | — |
| Marico Ltd. | Consumer Staples | 1.89% | ₹13.01 Cr | +1.57% | +1.61% | — |
| PB Fintech Ltd. | Services | 1.87% | ₹12.84 Cr | +1.28% | — | — |
| Hindustan Copper Ltd. | Metals & Mining | 1.78% | ₹12.25 Cr | — | — | — |
| APL Apollo Tubes Ltd. | Metals & Mining | 1.71% | ₹11.77 Cr | +1.67% | +0.49% | — |
| FSN E-Commerce Ventures Ltd. | Services | 1.69% | ₹11.59 Cr | +1.04% | +1.58% | — |
| Bharti Hexacom Ltd. | Communication | 1.67% | ₹11.48 Cr | — | — | — |
| Jyoti CNC Automation Ltd. | Capital Goods | 1.67% | ₹11.46 Cr | — | — | — |
| Motilal Oswal Financial Services Ltd. | Financial | 1.66% | ₹11.39 Cr | — | — | — |
| Info Edge (India) Ltd. | Services | 1.58% | ₹10.82 Cr | — | — | — |
| Data Patterns (India) Ltd. | Capital Goods | 1.55% | ₹10.62 Cr | — | — | — |
| Eternal Ltd. | Services | 1.47% | ₹10.06 Cr | — | — | — |
| National Aluminium Company Ltd. | Metals & Mining | 1.42% | ₹9.77 Cr | — | +0.49% | — |
| Apar Industries Ltd. | Consumer Staples | 1.34% | ₹9.21 Cr | +1.40% | +0.81% | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.33% | ₹9.10 Cr | — | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.33% | ₹9.16 Cr | — | — | — |
| Piramal Finance Ltd. | Financial | 1.33% | ₹9.16 Cr | — | — | — |
| RBL Bank Ltd. | Financial | 1.24% | ₹8.48 Cr | +1.01% | — | — |
| Clean Max Enviro Energy Solutions Ltd. | Energy | 1.23% | ₹8.43 Cr | +1.21% | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.22% | ₹8.36 Cr | +1.35% | +1.42% | — |
| Paras Defence And Space Technologies Ltd. | Capital Goods | 1.22% | ₹8.38 Cr | +0.42% | — | — |
| Kanohar Electricals Ltd. | Capital Goods | 1.21% | ₹8.28 Cr | — | — | — |
| Delhivery Ltd. | Services | 1.17% | ₹8.01 Cr | — | — | — |
| Senores Pharmaceuticals Ltd. | Healthcare | 1.16% | ₹7.99 Cr | +0.78% | — | — |
| Aditya Birla Capital Ltd. | Financial | 1.12% | ₹7.69 Cr | +1.59% | — | — |
| Sky Gold And Diamonds Ltd. | Consumer Discretionary | 1.10% | ₹7.53 Cr | — | — | — |
| JSW Infrastructure Ltd. | Services | 1.09% | ₹7.51 Cr | +0.70% | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 1.09% | ₹7.50 Cr | — | — | — |
| Lodha Developers Ltd. | Construction | 1.04% | ₹7.17 Cr | — | — | — |
| Ashok Leyland Ltd. | Automobile | 1.02% | ₹7.03 Cr | +1.97% | +0.91% | — |
| Ather Energy Ltd. | Automobile | 1.00% | ₹6.86 Cr | — | +0.72% | — |
| Healthcare Global Enterprises Ltd. | Healthcare | 0.98% | ₹6.73 Cr | — | — | — |
| Zen Technologies Ltd. | Technology | 0.96% | ₹6.56 Cr | +1.45% | — | — |
| JK Cement Ltd. | Materials | 0.87% | ₹5.98 Cr | +0.89% | +0.71% | — |
| UNO Minda Ltd. | Automobile | 0.86% | ₹5.90 Cr | +0.81% | +1.38% | — |
| Cemindia Projects Ltd. | Construction | 0.85% | ₹5.82 Cr | +1.31% | — | — |
| ideaForge Technology Ltd. | Capital Goods | 0.84% | ₹5.77 Cr | — | — | — |
| Honasa Consumer Ltd. | Consumer Staples | 0.82% | ₹5.66 Cr | +0.99% | — | — |
| Karur Vysya Bank Ltd. | Financial | 0.82% | ₹5.60 Cr | +1.16% | +0.99% | — |
| Biocon Ltd. | Healthcare | 0.78% | ₹5.35 Cr | — | — | — |
| INDO-MIM Ltd. | Capital Goods | 0.78% | ₹5.38 Cr | — | — | — |
| Dalmia Bharat Ltd. | Materials | 0.75% | ₹5.17 Cr | — | — | — |
| Aster DM Quality Care Ltd. | Healthcare | 0.74% | ₹5.11 Cr | — | — | — |
| Navin Fluorine International Ltd. | Chemicals | 0.74% | ₹5.06 Cr | +0.72% | +1.05% | — |
| Onesource Specialty Pharma Ltd. | Healthcare | 0.74% | ₹5.11 Cr | +1.03% | — | — |
| Shaily Engineering Plastics Ltd. | Materials | 0.74% | ₹5.10 Cr | +0.74% | — | — |
| Gaja Alternative Asset Management Ltd. | Financial | 0.71% | ₹4.91 Cr | — | — | — |
| JSW Energy Ltd. | Capital Goods | 0.70% | ₹4.84 Cr | +1.03% | — | — |
| L&T Finance Ltd. | Financial | 0.60% | ₹4.10 Cr | +2.27% | — | — |
| Diamond Power Infrastructure Ltd. | Capital Goods | 0.55% | ₹3.78 Cr | — | — | — |
| Sterlite Technologies Ltd. | Communication | 0.52% | ₹3.54 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | -1.38% | 5.28% | +6.66% |
| ITC Hotels Ltd. | 0.00% | 2.18% | +2.18% |
| The Indian Hotels Company Ltd. | 0.00% | 2.14% | +2.14% |
| Hero Motocorp Ltd. | 1.83% | 0.00% | -1.83% |
| Max Financial Services Ltd. | 1.60% | 0.00% | -1.60% |
| Shadowfax Technologies Ltd. | 1.56% | 0.00% | -1.56% |
| Eternal Ltd. | 0.00% | 1.47% | +1.47% |
| Hindustan Aeronautics Ltd. | 0.00% | 1.33% | +1.33% |
| Persistent Systems Ltd. | 1.28% | 0.00% | -1.28% |
| Kanohar Electricals Ltd. | 0.00% | 1.21% | +1.21% |
| Delhivery Ltd. | 0.00% | 1.17% | +1.17% |
| One 97 Communications Ltd. | 3.30% | 2.19% | -1.11% |
| Radico Khaitan Ltd. | 1.79% | 2.90% | +1.11% |
| Samvardhana Motherson International Ltd. | 0.00% | 1.09% | +1.09% |
| Physicswallah Ltd. | 1.04% | 0.00% | -1.04% |
| Aditya Infotech Ltd. | 0.99% | 0.00% | -0.99% |
| Bharat Forge Ltd. | 0.99% | 0.00% | -0.99% |
| The Phoenix Mills Ltd. | 1.50% | 2.48% | +0.98% |
| Ujjivan Small Finance Bank Ltd. | 0.96% | 0.00% | -0.96% |
| Coforge Ltd. | 0.93% | 0.00% | -0.93% |
| Dixon Technologies (India) Ltd. | 2.64% | 3.57% | +0.93% |
| Aurobindo Pharma Ltd. | 2.07% | 2.99% | +0.92% |
| Sansera Engineering Ltd. | 0.90% | 0.00% | -0.90% |
| L&T Finance Ltd. | 1.46% | 0.60% | -0.86% |
| Marico Ltd. | 1.05% | 1.89% | +0.84% |
| Welspun Corp Ltd. | 0.82% | 0.00% | -0.82% |
| Multi Commodity Exchange Of India Ltd. | 3.22% | 4.01% | +0.79% |
| INDO-MIM Ltd. | 0.00% | 0.78% | +0.78% |
| GE Vernova T&D India Ltd | 1.98% | 1.22% | -0.76% |
| SEDEMAC Mechatronics Ltd. | 0.76% | 0.00% | -0.76% |
| Hindustan Petroleum Corporation Ltd. | 0.75% | 0.00% | -0.75% |
| Nippon Life India Asset Management Ltd. | 0.73% | 0.00% | -0.73% |
| Jyoti CNC Automation Ltd. | 0.95% | 1.67% | +0.72% |
| Laurus Labs Ltd. | 2.02% | 2.71% | +0.69% |
| Thermax Ltd. | 0.68% | 0.00% | -0.68% |
| Data Patterns (India) Ltd. | 0.88% | 1.55% | +0.67% |
| Kalyan Jewellers India Ltd. | 1.95% | 2.54% | +0.59% |
| UNO Minda Ltd. | 1.40% | 0.86% | -0.54% |
| Sterlite Technologies Ltd. | 0.00% | 0.52% | +0.52% |
| Ather Energy Ltd. | 0.53% | 1.00% | +0.47% |
| Clean Max Enviro Energy Solutions Ltd. | 0.81% | 1.23% | +0.42% |
| Info Edge (India) Ltd. | 1.17% | 1.58% | +0.41% |
| Lenskart Solutions Ltd. | 2.80% | 3.20% | +0.40% |
| Motilal Oswal Financial Services Ltd. | 2.03% | 1.66% | -0.37% |
| Paras Defence And Space Technologies Ltd. | 0.87% | 1.22% | +0.35% |
| Ashok Leyland Ltd. | 1.36% | 1.02% | -0.34% |
| Hindustan Copper Ltd. | 1.46% | 1.78% | +0.32% |
| PB Fintech Ltd. | 2.18% | 1.87% | -0.31% |
| Bharti Hexacom Ltd. | 1.37% | 1.67% | +0.30% |
| Healthcare Global Enterprises Ltd. | 1.26% | 0.98% | -0.28% |
| Honasa Consumer Ltd. | 1.07% | 0.82% | -0.25% |
| Apar Industries Ltd. | 1.59% | 1.34% | -0.25% |
| Lodha Developers Ltd. | 1.29% | 1.04% | -0.25% |
| The Federal Bank Ltd. | 2.54% | 2.29% | -0.25% |
| Senores Pharmaceuticals Ltd. | 1.40% | 1.16% | -0.24% |
| Biocon Ltd. | 1.01% | 0.78% | -0.23% |
| Swiggy Ltd. | 2.02% | 2.25% | +0.23% |
| Dalmia Bharat Ltd. | 0.97% | 0.75% | -0.22% |
| AU Small Finance Bank Ltd. | 2.42% | 2.21% | -0.21% |
| JK Cement Ltd. | 0.66% | 0.87% | +0.21% |
| Karur Vysya Bank Ltd. | 1.02% | 0.82% | -0.20% |
| Aster DM Quality Care Ltd. | 0.94% | 0.74% | -0.20% |
| Gaja Alternative Asset Management Ltd. | 0.90% | 0.71% | -0.19% |
| Shaily Engineering Plastics Ltd. | 0.93% | 0.74% | -0.19% |
| JSW Infrastructure Ltd. | 0.91% | 1.09% | +0.18% |
| JSW Energy Ltd. | 0.87% | 0.70% | -0.17% |
| Sky Gold And Diamonds Ltd. | 1.27% | 1.10% | -0.17% |
| Navin Fluorine International Ltd. | 0.90% | 0.74% | -0.16% |
| RBL Bank Ltd. | 1.08% | 1.24% | +0.16% |
| ideaForge Technology Ltd. | 0.69% | 0.84% | +0.15% |
| FSN E-Commerce Ventures Ltd. | 1.83% | 1.69% | -0.14% |
| National Aluminium Company Ltd. | 1.28% | 1.42% | +0.14% |
| Cemindia Projects Ltd. | 0.72% | 0.85% | +0.13% |
| Onesource Specialty Pharma Ltd. | 0.87% | 0.74% | -0.13% |
| Piramal Finance Ltd. | 1.44% | 1.33% | -0.11% |
| Bharat Heavy Electricals Ltd. | 1.43% | 1.33% | -0.10% |
| APL Apollo Tubes Ltd. | 1.80% | 1.71% | -0.09% |
| Diamond Power Infrastructure Ltd. | 0.63% | 0.55% | -0.08% |
| Aditya Birla Capital Ltd. | 1.09% | 1.12% | +0.03% |
| Zen Technologies Ltd. | 0.98% | 0.96% | -0.02% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹13,644 Cr | 1.99% | 8.3% | 11.8% | 17.4% |
 Edelweiss Mid Cap Fund | ₹19,230 Cr | 1.87% | 2.4% | 8.4% | 15.7% |
 HSBC Midcap Fund | ₹16,800 Cr | 2.15% | 14.2% | 13.8% | 18.8% |
 Invesco India Mid Cap Fund | ₹15,832 Cr | 1.85% | 12.2% | 14.1% | 19.3% |
 WhiteOak Capital Mid Cap Fund | ₹8,400 Cr | 2.25% | 10.1% | 12.3% | — |
 ICICI Prudential Mid Cap Fund | ₹7,961 Cr | 1.83% | 2.8% | 10.2% | 15.8% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long term capital appreciation by predominantly investing in equity & equity related instruments of mid cap companies.
Fund managers
- Aakash ManghaniMr. Manghani has done Bachelors in EngineeringPrior to joining Trust Mutual Fund, he has worked with BOI AXA Mutual Fund, Pioneer Investcorp Ltd., Girik Capital and Amdocs Ltd.
- Mihir VoraMr. Vora is B.E.(Mechanical) and has a PGDM from IIM, Lucknow.Prior to this, he worked with ABN Amro AMC, managing equity funds, with Pru ICICI AMC for 4 long years and SBI with Funds Mgt. Ltd. from 1994-2000.
- Saurabh KatariaHe is a B.Com (Hons.) and MBA (Finance).Prior to joining Trust Mutual Fund. he has worked with Axis Max Life Insurance, BOI AXA Investment Managers Pvt, Askar Capital Private Equity, Goldman Sachs India Pvt. Ltd. and Irevna Research Services Pvt. Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months7.21% absolute | ₹60,000 | ₹64,326 | 7.21% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of TRUSTMF Mid Cap Fund?
The NAV of TRUSTMF Mid Cap Fund is ₹11.90 as on 6 Nov 2026.
What is the expense ratio of TRUSTMF Mid Cap Fund?
The expense ratio of TRUSTMF Mid Cap Fund is 3.53% per year.
What is the minimum SIP amount for TRUSTMF Mid Cap Fund?
You can start a SIP in TRUSTMF Mid Cap Fund with ₹3,000 a month.
Is there a lock-in or exit load on TRUSTMF Mid Cap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 180 days..
How risky is TRUSTMF Mid Cap Fund?
TRUSTMF Mid Cap Fund is rated Very High on the SEBI riskometer and belongs to the Mid Cap category.
Which fund house manages TRUSTMF Mid Cap Fund?
TRUSTMF Mid Cap Fund is managed by TRUST Mutual Fund, which runs 11 schemes with ₹7,445 Cr under management.