TRUSTMF Mid Cap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹11.95-0.25%1 day
- Return since launch
- 19.5%
- 52-week range
- ₹9.80 — ₹12.48
- AUM
- ₹588 Cr
TRUSTMF Mid Cap Fund is a Mid Cap equity fund from TRUST Mutual Fund with ₹588 Cr under management, launched in 2026. The expense ratio is 3.64% 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 +19.5% against +14.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.3% | −0.2 pts | -4.0% | -4.3% |
| 3M | 3.9% | +3.3 pts | 0.6% | 0.1% |
| 6M | 20.3% | +5.1 pts | 15.3% | 13.8% |
Since launch (27 Feb 2026): 19.5%
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
3.53%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.05%
- Brokerage
- 0.38%
- Transaction charges
- 0.01%
- Statutory levies
- 1.09%
- 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 31 Aug 2026
Asset allocation
- Equity94.4%
- Other5.6%
Market cap split
- Large1.5%
- Mid72.2%
- Small26.3%
- P/E
- 45.65
- P/B
- 5.32
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 5.58% | ₹32.78 Cr | +6.64% | +43.28% | — |
| One97 Communications Ltd. | Services | 3.30% | ₹19.44 Cr | +0.92% | +1.12% | — |
| Multi Commodity Exchange Of India Ltd. | Services | 3.22% | ₹18.95 Cr | +3.69% | +1.47% | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.80% | ₹16.49 Cr | +3.54% | +1.58% | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.64% | ₹15.55 Cr | +1.39% | +0.92% | — |
| The Federal Bank Ltd. | Financial | 2.54% | ₹14.95 Cr | +2.87% | +1.34% | — |
| AU Small Finance Bank Ltd. | Financial | 2.42% | ₹14.22 Cr | +2.84% | +1.30% | — |
| PB Fintech Ltd. | Services | 2.18% | ₹12.80 Cr | +2.26% | — | — |
| Aurobindo Pharma Ltd. | Healthcare | 2.07% | ₹12.17 Cr | +0.94% | +1.48% | — |
| company:8781 | Financial | 2.03% | ₹11.95 Cr | — | — | — |
| Laurus Labs Ltd. | Healthcare | 2.02% | ₹11.91 Cr | +1.91% | +1.22% | — |
| Swiggy Ltd. | Services | 2.02% | ₹11.90 Cr | — | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.98% | ₹11.64 Cr | +1.28% | +1.42% | — |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | 1.95% | ₹11.48 Cr | — | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 1.83% | ₹10.74 Cr | +1.14% | +1.58% | — |
| Hero Motocorp Ltd. | Automobile | 1.83% | ₹10.77 Cr | — | — | — |
| APL Apollo Tubes Ltd. | Metals & Mining | 1.80% | ₹10.56 Cr | — | +0.49% | — |
| Radico Khaitan Ltd. | Consumer Staples | 1.79% | ₹10.56 Cr | +2.57% | +0.97% | — |
| Max Financial Services Ltd. | Financial | 1.60% | ₹9.41 Cr | +2.28% | +0.91% | — |
| Apar Industries Ltd. | Consumer Staples | 1.59% | ₹9.38 Cr | +1.45% | +0.81% | — |
| Shadowfax Technologies Ltd. | Services | 1.56% | ₹9.21 Cr | +0.93% | — | — |
| The Phoenix Mills Ltd. | Construction | 1.50% | ₹8.83 Cr | +0.95% | +1.18% | — |
| L&T Finance Ltd. | Financial | 1.46% | ₹8.61 Cr | +2.25% | — | — |
| company:1511 | Metals & Mining | 1.46% | ₹8.59 Cr | — | — | — |
| company:896 | Financial | 1.44% | ₹8.45 Cr | — | — | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.43% | ₹8.39 Cr | — | — | — |
| Senores Pharmaceuticals Ltd. | Healthcare | 1.40% | ₹8.26 Cr | — | — | — |
| UNO Minda Ltd. | Automobile | 1.40% | ₹8.21 Cr | +1.06% | +1.38% | — |
| Bharti Hexacom Ltd. | Communication | 1.37% | ₹8.06 Cr | — | — | — |
| Ashok Leyland Ltd. | Automobile | 1.36% | ₹8.01 Cr | — | +0.91% | — |
| Lodha Developers Ltd. | Construction | 1.29% | ₹7.57 Cr | — | — | — |
| National Aluminium Company Ltd. | Metals & Mining | 1.28% | ₹7.51 Cr | +0.91% | +0.49% | — |
| Persistent Systems Ltd. | Technology | 1.28% | ₹7.56 Cr | +2.64% | +1.94% | — |
| Sky Gold And Diamonds Ltd. | Consumer Discretionary | 1.27% | ₹7.50 Cr | — | — | — |
| company:14226 | Healthcare | 1.26% | ₹7.41 Cr | — | — | — |
| Info Edge (India) Ltd. | Services | 1.17% | ₹6.90 Cr | — | — | — |
| Aditya Birla Capital Ltd. | Financial | 1.09% | ₹6.39 Cr | — | — | — |
| RBL Bank Ltd. | Financial | 1.08% | ₹6.37 Cr | — | — | — |
| Honasa Consumer Ltd. | Consumer Staples | 1.07% | ₹6.31 Cr | +1.13% | — | — |
| Marico Ltd. | Consumer Staples | 1.05% | ₹6.20 Cr | +2.12% | +1.61% | — |
| Physicswallah Ltd. | Services | 1.04% | ₹6.09 Cr | — | — | — |
| Karur Vysya Bank Ltd. | Financial | 1.02% | ₹5.99 Cr | +0.92% | +0.99% | — |
| Biocon Ltd. | Healthcare | 1.01% | ₹5.95 Cr | — | — | — |
| Bharat Forge Ltd. | Automobile | 0.99% | ₹5.84 Cr | +1.64% | +1.19% | — |
| company:20027 | Communication | 0.99% | ₹5.82 Cr | — | — | — |
| Zen Technologies Ltd. | Technology | 0.98% | ₹5.75 Cr | — | — | — |
| Dalmia Bharat Ltd. | Materials | 0.97% | ₹5.70 Cr | — | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 0.96% | ₹5.62 Cr | — | — | — |
| company:18805 | Capital Goods | 0.95% | ₹5.61 Cr | — | — | — |
| company:15106 | Healthcare | 0.94% | ₹5.54 Cr | — | — | — |
| Coforge Ltd. | Technology | 0.93% | ₹5.48 Cr | +2.55% | +1.45% | — |
| Shaily Engineering Plastics Ltd. | Materials | 0.93% | ₹5.45 Cr | +1.18% | — | — |
| JSW Infrastructure Ltd. | Services | 0.91% | ₹5.34 Cr | — | — | — |
| Navin Fluorine International Ltd. | Chemicals | 0.90% | ₹5.32 Cr | +0.86% | +1.05% | — |
| Sansera Engineering Ltd. | Automobile | 0.90% | ₹5.32 Cr | +0.85% | — | — |
| company:20817 | Financial | 0.90% | ₹5.29 Cr | — | — | — |
| Data Patterns (India) Ltd. | Capital Goods | 0.88% | ₹5.18 Cr | — | — | — |
| JSW Energy Ltd. | Capital Goods | 0.87% | ₹5.09 Cr | +1.37% | — | — |
| Onesource Specialty Pharma Ltd. | Healthcare | 0.87% | ₹5.10 Cr | +1.48% | — | — |
| Paras Defence And Space Technologies Ltd. | Capital Goods | 0.87% | ₹5.12 Cr | — | — | — |
| company:5338 | Metals & Mining | 0.82% | ₹4.81 Cr | — | — | — |
| Clean Max Enviro Energy Solutions Ltd. | Energy | 0.81% | ₹4.76 Cr | +0.96% | — | — |
| SEDEMAC Mechatronics Ltd. | Capital Goods | 0.76% | ₹4.46 Cr | +0.92% | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.75% | ₹4.40 Cr | — | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 0.73% | ₹4.28 Cr | +1.46% | +1.16% | — |
| Cemindia Projects Ltd. | Construction | 0.72% | ₹4.25 Cr | +1.40% | — | — |
| ideaForge Technology Ltd. | Capital Goods | 0.69% | ₹4.04 Cr | — | — | — |
| Thermax Ltd. | Capital Goods | 0.68% | ₹4.02 Cr | — | — | — |
| JK Cement Ltd. | Materials | 0.66% | ₹3.88 Cr | +0.81% | +0.71% | — |
| company:927 | Capital Goods | 0.63% | ₹3.70 Cr | — | — | — |
| company:19816 | Automobile | 0.53% | ₹3.14 Cr | +0.83% | +0.72% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 4.03% | -1.38% | -5.41% |
| company:8781 | 0.00% | 2.03% | +2.03% |
| Fortis Healthcare Ltd. | 1.89% | 0.00% | -1.89% |
| BSE Ltd. | 1.77% | 0.00% | -1.77% |
| Coforge Ltd. | 2.55% | 0.93% | -1.62% |
| company:1511 | 0.00% | 1.46% | +1.46% |
| company:896 | 0.00% | 1.44% | +1.44% |
| Billionbrains Garage Ventures Ltd. | 1.40% | 0.00% | -1.40% |
| PB Fintech Ltd. | 0.91% | 2.18% | +1.27% |
| company:14226 | 0.00% | 1.26% | +1.26% |
| Minda Corporation Ltd. | 1.06% | 0.00% | -1.06% |
| GMR Airports Ltd. | 1.05% | 0.00% | -1.05% |
| Kirloskar Oil Engines Ltd. | 1.05% | 0.00% | -1.05% |
| company:20027 | 0.00% | 0.99% | +0.99% |
| company:18805 | 0.00% | 0.95% | +0.95% |
| Gabriel India Ltd. | 0.94% | 0.00% | -0.94% |
| company:15106 | 0.00% | 0.94% | +0.94% |
| Swiggy Ltd. | 1.10% | 2.02% | +0.92% |
| Navin Fluorine International Ltd. | 0.00% | 0.90% | +0.90% |
| company:20817 | 0.00% | 0.90% | +0.90% |
| Bharat Dynamics Ltd. | 0.89% | 0.00% | -0.89% |
| Hero Motocorp Ltd. | 0.98% | 1.83% | +0.85% |
| Apar Industries Ltd. | 0.77% | 1.59% | +0.82% |
| company:5338 | 0.00% | 0.82% | +0.82% |
| Max Financial Services Ltd. | 0.85% | 1.60% | +0.75% |
| GE Vernova T&D India Ltd | 1.23% | 1.98% | +0.75% |
| Cemindia Projects Ltd. | 0.00% | 0.72% | +0.72% |
| MTAR Technologies Ltd. | 0.68% | 0.00% | -0.68% |
| Ajanta Pharma Ltd. | 0.66% | 0.00% | -0.66% |
| Rubicon Research Ltd. | 0.65% | 0.00% | -0.65% |
| City Union Bank Ltd. | 0.63% | 0.00% | -0.63% |
| company:927 | 0.00% | 0.63% | +0.63% |
| Laurus Labs Ltd. | 2.63% | 2.02% | -0.61% |
| The Federal Bank Ltd. | 3.12% | 2.54% | -0.58% |
| Lodha Developers Ltd. | 1.83% | 1.29% | -0.54% |
| company:19816 | 0.00% | 0.53% | +0.53% |
| L&T Finance Ltd. | 1.94% | 1.46% | -0.48% |
| Physicswallah Ltd. | 1.52% | 1.04% | -0.48% |
| Persistent Systems Ltd. | 1.75% | 1.28% | -0.47% |
| Lenskart Solutions Ltd. | 3.26% | 2.80% | -0.46% |
| Shadowfax Technologies Ltd. | 2.02% | 1.56% | -0.46% |
| Bharat Forge Ltd. | 1.42% | 0.99% | -0.43% |
| UNO Minda Ltd. | 0.97% | 1.40% | +0.43% |
| JSW Infrastructure Ltd. | 0.49% | 0.91% | +0.42% |
| Kalyan Jewellers India Ltd. | 1.54% | 1.95% | +0.41% |
| Onesource Specialty Pharma Ltd. | 1.27% | 0.87% | -0.40% |
| JSW Energy Ltd. | 1.26% | 0.87% | -0.39% |
| RBL Bank Ltd. | 1.47% | 1.08% | -0.39% |
| Aditya Birla Capital Ltd. | 1.47% | 1.09% | -0.38% |
| Clean Max Enviro Energy Solutions Ltd. | 1.19% | 0.81% | -0.38% |
| Bharat Heavy Electricals Ltd. | 1.80% | 1.43% | -0.37% |
| Honasa Consumer Ltd. | 0.70% | 1.07% | +0.37% |
| Sky Gold And Diamonds Ltd. | 0.90% | 1.27% | +0.37% |
| Bharti Hexacom Ltd. | 1.01% | 1.37% | +0.36% |
| Karur Vysya Bank Ltd. | 1.38% | 1.02% | -0.36% |
| Thermax Ltd. | 1.03% | 0.68% | -0.35% |
| Hindustan Petroleum Corporation Ltd. | 1.09% | 0.75% | -0.34% |
| Info Edge (India) Ltd. | 1.50% | 1.17% | -0.33% |
| Dalmia Bharat Ltd. | 1.29% | 0.97% | -0.32% |
| JK Cement Ltd. | 0.96% | 0.66% | -0.30% |
| AU Small Finance Bank Ltd. | 2.71% | 2.42% | -0.29% |
| Dixon Technologies (India) Ltd. | 2.93% | 2.64% | -0.29% |
| APL Apollo Tubes Ltd. | 1.54% | 1.80% | +0.26% |
| Nippon Life India Asset Management Ltd. | 0.99% | 0.73% | -0.26% |
| Shaily Engineering Plastics Ltd. | 1.19% | 0.93% | -0.26% |
| Multi Commodity Exchange Of India Ltd. | 2.98% | 3.22% | +0.24% |
| Aurobindo Pharma Ltd. | 1.85% | 2.07% | +0.22% |
| Ashok Leyland Ltd. | 1.15% | 1.36% | +0.21% |
| ideaForge Technology Ltd. | 0.90% | 0.69% | -0.21% |
| Marico Ltd. | 1.25% | 1.05% | -0.20% |
| Radico Khaitan Ltd. | 1.99% | 1.79% | -0.20% |
| Senores Pharmaceuticals Ltd. | 1.22% | 1.40% | +0.18% |
| FSN E-Commerce Ventures Ltd. | 1.66% | 1.83% | +0.17% |
| National Aluminium Company Ltd. | 1.13% | 1.28% | +0.15% |
| Paras Defence And Space Technologies Ltd. | 0.73% | 0.87% | +0.14% |
| SEDEMAC Mechatronics Ltd. | 0.90% | 0.76% | -0.14% |
| Sansera Engineering Ltd. | 1.03% | 0.90% | -0.13% |
| The Phoenix Mills Ltd. | 1.54% | 1.50% | -0.04% |
| Biocon Ltd. | 0.98% | 1.01% | +0.03% |
| Data Patterns (India) Ltd. | 0.86% | 0.88% | +0.02% |
| Ujjivan Small Finance Bank Ltd. | 0.94% | 0.96% | +0.02% |
| Zen Technologies Ltd. | 0.97% | 0.98% | +0.01% |
| One97 Communications Ltd. | 3.29% | 3.30% | +0.01% |
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 | ₹13,775 Cr | 2.01% | 12.4% | 14.1% | 18.9% |
 Edelweiss Mid Cap Fund | ₹19,891 Cr | 1.87% | 5.2% | 10.6% | 17.1% |
 HSBC Midcap Fund | ₹17,188 Cr | 2.21% | 20.9% | 16.6% | 20.4% |
 Invesco India Mid Cap Fund | ₹15,905 Cr | 1.88% | 12.3% | 15.2% | 20.0% |
 ICICI Prudential Mid Cap Fund | ₹8,403 Cr | 1.84% | 10.0% | 13.6% | 17.9% |
 WhiteOak Capital Mid Cap Fund | ₹7,485 Cr | 2.25% | 13.9% | 14.3% | — |
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 months20.34% absolute | ₹60,000 | ₹72,204 | 20.34% |
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 ₹11.95 as on 25 Sep 2026.
What is the expense ratio of TRUSTMF Mid Cap Fund?
The expense ratio of TRUSTMF Mid Cap Fund is 3.64% 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 ₹5,075 Cr under management.