TRUSTMF Multi Cap Fund
Multi CapVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹11.68-1.93%1 day
- Return since launch
- 16.1%
- 52-week range
- ₹9.28 — ₹12.09
- AUM
- ₹810 Cr
TRUSTMF Multi Cap Fund is a Multi Cap equity fund from TRUST Mutual Fund with ₹810 Cr under management, launched in 2025. The expense ratio is 3.57% and the SEBI riskometer reading is Very High.
Performance
TRUSTMF Multi Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +15.5% against -0.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 20.1% | +15.5 pts | 4.6% | 2.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.8% | +0.1 pts | -2.9% | -3.1% |
| 3M | 4.7% | +3.4 pts | 1.3% | 0.6% |
| 6M | 21.2% | +8.1 pts | 13.1% | 11.5% |
| 1Y | 15.5% | +10.9 pts | 4.6% | -0.1% |
Since launch (30 Jun 2025): 16.1%
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
3.40%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.95%
- Brokerage
- 0.37%
- Transaction charges
- 0.01%
- 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 500 Multicap 50:25:25 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 Multi Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity95.4%
- Other4.6%
Market cap split
- Large32.3%
- Mid32.5%
- Small35.3%
- P/E
- 40.58
- P/B
- 5.88
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 4.60% | ₹37.02 Cr | +6.24% | +0.13% | +2.11% |
| ICICI Bank Ltd. | Financial | 4.31% | ₹34.91 Cr | +3.85% | +2.19% | +3.74% |
| Shriram Finance Ltd | Financial | 2.56% | ₹20.72 Cr | +0.92% | +2.11% | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.53% | ₹20.49 Cr | +2.25% | +2.28% | — |
| Titan Company Ltd. | Consumer Discretionary | 2.51% | ₹20.33 Cr | +1.07% | +1.62% | — |
| Multi Commodity Exchange Of India Ltd. | Services | 2.18% | ₹17.64 Cr | +2.29% | +1.59% | +1.34% |
| Eternal Ltd. | Services | 2.11% | ₹17.10 Cr | — | — | +2.54% |
| Coforge Ltd. | Technology | 2.10% | ₹17.02 Cr | +1.77% | — | +1.93% |
| One97 Communications Ltd. | Services | 2.07% | ₹16.77 Cr | — | +0.94% | +2.14% |
| Ather Energy Ltd. | Automobile | 1.89% | ₹15.30 Cr | +1.57% | +1.38% | — |
| Welspun Corp Ltd. | Metals & Mining | 1.82% | ₹14.76 Cr | +1.36% | +1.10% | +1.64% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.76% | ₹14.21 Cr | — | — | +1.91% |
| GE Vernova T&D India Ltd | Capital Goods | 1.73% | ₹14.04 Cr | +1.80% | — | +1.48% |
| FSN E-Commerce Ventures Ltd. | Services | 1.70% | ₹13.80 Cr | +1.26% | +1.64% | +1.05% |
| Sansera Engineering Ltd. | Automobile | 1.63% | ₹13.20 Cr | +0.78% | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 1.55% | ₹12.57 Cr | +1.57% | — | +1.54% |
| SEDEMAC Mechatronics Ltd. | Capital Goods | 1.51% | ₹12.20 Cr | +1.44% | — | — |
| State Bank of India | Financial | 1.50% | ₹12.14 Cr | +1.20% | +3.25% | — |
| AU Small Finance Bank Ltd. | Financial | 1.49% | ₹12.09 Cr | +0.88% | +1.07% | — |
| Hitachi Energy India Ltd. | Capital Goods | 1.46% | ₹11.84 Cr | +1.16% | — | +1.41% |
| Persistent Systems Ltd. | Technology | 1.45% | ₹11.70 Cr | +1.78% | +0.66% | +1.67% |
| Bajaj Finance Ltd. | Financial | 1.44% | ₹11.64 Cr | +0.57% | +0.65% | +1.34% |
| The Federal Bank Ltd. | Financial | 1.44% | ₹11.62 Cr | +1.33% | +1.88% | — |
| Laurus Labs Ltd. | Healthcare | 1.40% | ₹11.37 Cr | +2.10% | +1.59% | — |
| Aeroflex Industries Ltd. | Metals & Mining | 1.39% | ₹11.23 Cr | — | — | — |
| Radico Khaitan Ltd. | Consumer Staples | 1.39% | ₹11.24 Cr | +1.77% | — | — |
| TVS Motor Company Ltd. | Automobile | 1.39% | ₹11.28 Cr | +0.73% | +1.51% | +1.98% |
| Navin Fluorine International Ltd. | Chemicals | 1.38% | ₹11.21 Cr | +1.54% | +1.68% | +1.48% |
| Divi's Laboratories Ltd. | Healthcare | 1.37% | ₹11.09 Cr | — | — | — |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | 1.37% | ₹11.12 Cr | — | — | — |
| Honasa Consumer Ltd. | Consumer Staples | 1.36% | ₹11.01 Cr | +0.80% | — | — |
| Diamond Power Infrastructure Ltd. | Capital Goods | 1.35% | ₹10.92 Cr | — | — | — |
| SJS Enterprises Ltd. | Automobile | 1.32% | ₹10.72 Cr | +1.35% | +1.62% | +1.72% |
| Info Edge (India) Ltd. | Services | 1.31% | ₹10.64 Cr | — | — | — |
| Zen Technologies Ltd. | Technology | 1.31% | ₹10.57 Cr | — | — | — |
| Senores Pharmaceuticals Ltd. | Healthcare | 1.29% | ₹10.42 Cr | — | — | — |
| Neuland Laboratories Ltd. | Healthcare | 1.28% | ₹10.36 Cr | +1.72% | +0.89% | — |
| Karur Vysya Bank Ltd. | Financial | 1.25% | ₹10.08 Cr | +0.93% | +2.37% | +2.09% |
| company:20480 | Services | 1.24% | ₹10.07 Cr | — | — | — |
| Eicher Motors Ltd. | Automobile | 1.23% | ₹9.96 Cr | — | +1.06% | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.20% | ₹9.73 Cr | — | — | — |
| Aurobindo Pharma Ltd. | Healthcare | 1.17% | ₹9.47 Cr | — | — | — |
| Shaily Engineering Plastics Ltd. | Materials | 1.17% | ₹9.51 Cr | +1.60% | +0.84% | — |
| L&T Finance Ltd. | Financial | 1.13% | ₹9.18 Cr | — | — | — |
| Aditya Birla Capital Ltd. | Financial | 1.12% | ₹9.09 Cr | — | — | — |
| Muthoot Finance Ltd. | Financial | 1.11% | ₹8.99 Cr | +1.33% | +1.30% | +1.45% |
| Bharti Airtel Ltd. | Communication | 1.10% | ₹8.92 Cr | +2.05% | +1.54% | +2.17% |
| company:15106 | Healthcare | 1.10% | ₹8.93 Cr | — | — | — |
| company:18805 | Capital Goods | 1.10% | ₹8.89 Cr | — | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 1.07% | ₹8.63 Cr | +1.35% | +1.18% | — |
| Minda Corporation Ltd. | Automobile | 1.06% | ₹8.57 Cr | — | — | — |
| Avalon Technologies Ltd. | Capital Goods | 1.05% | ₹8.49 Cr | +0.91% | — | — |
| Paradeep Phosphates Ltd. | Chemicals | 1.03% | ₹8.30 Cr | — | — | — |
| R R Kabel Ltd. | Consumer Discretionary | 1.02% | ₹8.28 Cr | +1.07% | — | — |
| Paras Defence And Space Technologies Ltd. | Capital Goods | 0.99% | ₹8.02 Cr | — | — | — |
| Polycab India Ltd. | Capital Goods | 0.99% | ₹8.01 Cr | +1.52% | — | +1.54% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 0.98% | ₹7.90 Cr | +0.55% | — | — |
| Innova Captab Ltd. | Healthcare | 0.97% | ₹7.84 Cr | — | — | — |
| Solar Industries India Ltd. | Chemicals | 0.96% | ₹7.74 Cr | +2.19% | +1.20% | — |
| Clean Max Enviro Energy Solutions Ltd. | Energy | 0.93% | ₹7.53 Cr | +1.05% | +0.48% | — |
| BSE Ltd. | Services | 0.91% | ₹7.39 Cr | +2.01% | +1.00% | — |
| Tech Mahindra Ltd. | Technology | 0.87% | ₹7.01 Cr | +0.72% | — | — |
| MTAR Technologies Ltd. | Capital Goods | 0.81% | ₹6.58 Cr | +1.37% | +1.24% | — |
| company:2438 | Automobile | 0.81% | ₹6.52 Cr | — | — | — |
| company:19531 | Services | 0.80% | ₹6.44 Cr | — | — | — |
| Knack Packaging Ltd. | Materials | 0.79% | ₹6.43 Cr | — | — | — |
| GNG Electronics Ltd. | Consumer Discretionary | 0.78% | ₹6.34 Cr | +0.79% | — | — |
| company:1536 | Metals & Mining | 0.69% | ₹5.63 Cr | +0.84% | +1.46% | — |
| company:20817 | Financial | 0.68% | ₹5.51 Cr | — | — | — |
| company:20823 | Healthcare | 0.62% | ₹5.00 Cr | — | — | — |
| Kirloskar Oil Engines Ltd. | Capital Goods | 0.51% | ₹4.14 Cr | +1.35% | — | — |
| ideaForge Technology Ltd. | Capital Goods | 0.49% | ₹4.00 Cr | — | — | — |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.01% | ₹0.05 Cr | +0.01% | +0.01% | +0.02% |
| company:20772 | Consumer Staples | 0.01% | ₹0.07 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 3.40% | -0.24% | -3.64% |
| Bharat Forge Ltd. | 1.68% | 0.00% | -1.68% |
| company:20480 | 0.00% | 1.24% | +1.24% |
| Lodha Developers Ltd. | 1.15% | 0.00% | -1.15% |
| City Union Bank Ltd. | 1.14% | 0.00% | -1.14% |
| Mahindra & Mahindra Ltd. | 1.13% | 0.00% | -1.13% |
| company:15106 | 0.00% | 1.10% | +1.10% |
| company:18805 | 0.00% | 1.10% | +1.10% |
| Eternal Ltd. | 1.02% | 2.11% | +1.09% |
| Bajaj Finance Ltd. | 2.52% | 1.44% | -1.08% |
| Fortis Healthcare Ltd. | 1.05% | 0.00% | -1.05% |
| GE Vernova T&D India Ltd | 0.76% | 1.73% | +0.97% |
| company:2438 | 0.00% | 0.81% | +0.81% |
| company:19531 | 0.00% | 0.80% | +0.80% |
| Multi Commodity Exchange Of India Ltd. | 1.39% | 2.18% | +0.79% |
| Diamond Power Infrastructure Ltd. | 0.57% | 1.35% | +0.78% |
| ICICI Bank Ltd. | 5.06% | 4.31% | -0.75% |
| Kirloskar Oil Engines Ltd. | 1.26% | 0.51% | -0.75% |
| L&T Finance Ltd. | 1.88% | 1.13% | -0.75% |
| Ather Energy Ltd. | 1.15% | 1.89% | +0.74% |
| company:1536 | 0.00% | 0.69% | +0.69% |
| company:20817 | 0.00% | 0.68% | +0.68% |
| One97 Communications Ltd. | 1.40% | 2.07% | +0.67% |
| company:20823 | 0.00% | 0.62% | +0.62% |
| Bharti Airtel Ltd. | 1.71% | 1.10% | -0.61% |
| Laurus Labs Ltd. | 1.98% | 1.40% | -0.58% |
| The Federal Bank Ltd. | 2.02% | 1.44% | -0.58% |
| Welspun Corp Ltd. | 1.26% | 1.82% | +0.56% |
| FSN E-Commerce Ventures Ltd. | 2.24% | 1.70% | -0.54% |
| MTAR Technologies Ltd. | 0.27% | 0.81% | +0.54% |
| TVS Motor Company Ltd. | 1.93% | 1.39% | -0.54% |
| Coforge Ltd. | 2.60% | 2.10% | -0.50% |
| Paradeep Phosphates Ltd. | 0.55% | 1.03% | +0.48% |
| Solar Industries India Ltd. | 1.42% | 0.96% | -0.46% |
| Zen Technologies Ltd. | 0.89% | 1.31% | +0.42% |
| Physicswallah Ltd. | 0.42% | 0.00% | -0.42% |
| Senores Pharmaceuticals Ltd. | 0.90% | 1.29% | +0.39% |
| Billionbrains Garage Ventures Ltd. | 1.46% | 1.07% | -0.39% |
| Navin Fluorine International Ltd. | 1.03% | 1.38% | +0.35% |
| Shaily Engineering Plastics Ltd. | 1.51% | 1.17% | -0.34% |
| Sansera Engineering Ltd. | 1.95% | 1.63% | -0.32% |
| GNG Electronics Ltd. | 0.46% | 0.78% | +0.32% |
| Nippon Life India Asset Management Ltd. | 1.83% | 1.55% | -0.28% |
| R R Kabel Ltd. | 1.29% | 1.02% | -0.27% |
| Aditya Birla Capital Ltd. | 1.37% | 1.12% | -0.25% |
| Persistent Systems Ltd. | 1.70% | 1.45% | -0.25% |
| Aurobindo Pharma Ltd. | 0.92% | 1.17% | +0.25% |
| Clean Max Enviro Energy Solutions Ltd. | 1.18% | 0.93% | -0.25% |
| Lenskart Solutions Ltd. | 2.29% | 2.53% | +0.24% |
| Cholamandalam Investment and Finance Company Ltd. | 1.42% | 1.20% | -0.22% |
| Hitachi Energy India Ltd. | 1.24% | 1.46% | +0.22% |
| Radico Khaitan Ltd. | 1.60% | 1.39% | -0.21% |
| Dixon Technologies (India) Ltd. | 1.97% | 1.76% | -0.21% |
| Karur Vysya Bank Ltd. | 1.46% | 1.25% | -0.21% |
| Titan Company Ltd. | 2.30% | 2.51% | +0.21% |
| BSE Ltd. | 0.71% | 0.91% | +0.20% |
| Neuland Laboratories Ltd. | 1.48% | 1.28% | -0.20% |
| Aeroflex Industries Ltd. | 1.20% | 1.39% | +0.19% |
| SEDEMAC Mechatronics Ltd. | 1.33% | 1.51% | +0.18% |
| Tech Mahindra Ltd. | 1.04% | 0.87% | -0.17% |
| ideaForge Technology Ltd. | 0.65% | 0.49% | -0.16% |
| Honasa Consumer Ltd. | 1.51% | 1.36% | -0.15% |
| Knack Packaging Ltd. | 0.94% | 0.79% | -0.15% |
| Muthoot Finance Ltd. | 0.97% | 1.11% | +0.14% |
| Polycab India Ltd. | 1.13% | 0.99% | -0.14% |
| Minda Corporation Ltd. | 0.93% | 1.06% | +0.13% |
| Bharat Heavy Electricals Ltd. | 1.07% | 0.98% | -0.09% |
| Avalon Technologies Ltd. | 0.98% | 1.05% | +0.07% |
| Innova Captab Ltd. | 1.04% | 0.97% | -0.07% |
| State Bank of India | 1.43% | 1.50% | +0.07% |
| Shriram Finance Ltd | 2.51% | 2.56% | +0.05% |
| AU Small Finance Bank Ltd. | 1.45% | 1.49% | +0.04% |
| Info Edge (India) Ltd. | 1.27% | 1.31% | +0.04% |
| Paras Defence And Space Technologies Ltd. | 1.03% | 0.99% | -0.04% |
| Eicher Motors Ltd. | 1.20% | 1.23% | +0.03% |
| Kalyan Jewellers India Ltd. | 1.36% | 1.37% | +0.01% |
| company:20772 | 0.00% | 0.01% | +0.01% |
| Divi's Laboratories Ltd. | 1.37% | 1.37% | 0.00% |
| SJS Enterprises Ltd. | 1.32% | 1.32% | 0.00% |
| TVS Motor Company Ltd - Pref. Shares | 0.01% | 0.01% | 0.00% |
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 | ₹5,292 Cr | 2.18% | 10.8% | 10.7% | — |
 Axis Multicap Fund | ₹11,985 Cr | 1.99% | 15.2% | 12.2% | — |
 HSBC Multi Cap Fund | ₹6,503 Cr | 2.05% | 11.0% | 9.9% | — |
 WhiteOak Capital Multi Cap Fund | ₹4,385 Cr | 2.22% | 6.7% | 10.3% | — |
 LIC MF Multi Cap Fund | ₹2,254 Cr | 2.13% | 9.7% | 10.1% | — |
 Bank of India Multi Cap Fund | ₹1,335 Cr | 2.50% | 11.2% | 10.9% | — |
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 a diversified portfolio of equity & equity related instruments across large cap, mid cap and small cap stocks.
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 months21.16% absolute | ₹60,000 | ₹72,696 | 21.16% | |
| 1 year15.53% annualised | ₹1,20,000 | ₹1,30,589 | 8.82% |
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 Multi Cap Fund?
The NAV of TRUSTMF Multi Cap Fund is ₹11.68 as on 24 Sep 2026.
What is the expense ratio of TRUSTMF Multi Cap Fund?
The expense ratio of TRUSTMF Multi Cap Fund is 3.57% per year.
What is the minimum SIP amount for TRUSTMF Multi Cap Fund?
You can start a SIP in TRUSTMF Multi Cap Fund with ₹3,000 a month.
Is there a lock-in or exit load on TRUSTMF Multi Cap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 180 days..
How risky is TRUSTMF Multi Cap Fund?
TRUSTMF Multi Cap Fund is rated Very High on the SEBI riskometer and belongs to the Multi Cap category.
Which fund house manages TRUSTMF Multi Cap Fund?
TRUSTMF Multi Cap Fund is managed by TRUST Mutual Fund, which runs 11 schemes with ₹5,075 Cr under management.