TRUSTMF Multi Cap Fund
Multi CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹11.92+0.76%1 day
- Return since launch
- 13.8%
- 52-week range
- ₹9.28 — ₹12.09
- AUM
- ₹973 Cr
TRUSTMF Multi Cap Fund is a Multi Cap equity fund from TRUST Mutual Fund with ₹973 Cr under management, launched in 2025. The expense ratio is 3.39% 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 +13.6% against +0.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 20.5% | +15.9 pts | 4.6% | 7.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 3.2% | −1.4 pts | 4.6% | 5.1% |
| 3M | 1.1% | +2.0 pts | -0.9% | -0.7% |
| 6M | 11.3% | +5.5 pts | 5.8% | 5.1% |
| 1Y | 14.0% | +9.4 pts | 4.6% | 0.4% |
Since launch (30 Jun 2025): 13.8%
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
3.41%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.91%
- Brokerage
- 0.39%
- Transaction charges
- 0.02%
- 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 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 30 Sep 2026
Asset allocation
- Equity92.0%
- Other8.0%
Market cap split
- Large32.9%
- Mid29.9%
- Small37.2%
- P/E
- 37.53
- P/B
- 5.23
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 8.00% | ₹73.00 Cr | +9.70% | +15.40% | +5.26% |
| ICICI Bank Ltd. | Financial | 4.02% | ₹36.73 Cr | +4.65% | +2.73% | +2.27% |
| Multi Commodity Exchange Of India Ltd. | Services | 2.67% | ₹24.37 Cr | +1.66% | +1.98% | +1.74% |
| Eternal Ltd. | Services | 2.63% | ₹24.01 Cr | — | — | +2.92% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.55% | ₹23.26 Cr | +1.93% | +2.67% | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.21% | ₹20.23 Cr | +1.67% | — | +1.81% |
| Aurobindo Pharma Ltd. | Healthcare | 2.05% | ₹18.68 Cr | +0.74% | +1.14% | — |
| Titan Company Ltd. | Consumer Discretionary | 2.00% | ₹18.27 Cr | +1.24% | +1.99% | — |
| Kotak Mahindra Bank Ltd. | Financial | 1.96% | ₹17.91 Cr | — | — | — |
| Laurus Labs Ltd. | Healthcare | 1.96% | ₹17.94 Cr | +1.62% | +1.74% | — |
| Samvardhana Motherson International Ltd. | Automobile | 1.73% | ₹15.77 Cr | — | — | +0.95% |
| Welspun Corp Ltd. | Metals & Mining | 1.65% | ₹15.09 Cr | +1.32% | +1.28% | +1.52% |
| Bharti Airtel Ltd. | Communication | 1.62% | ₹14.75 Cr | +1.82% | +2.42% | +1.96% |
| Sansera Engineering Ltd. | Automobile | 1.62% | ₹14.80 Cr | +1.21% | — | — |
| Radico Khaitan Ltd. | Consumer Staples | 1.61% | ₹14.70 Cr | +1.99% | +1.29% | — |
| Jyoti CNC Automation Ltd. | Capital Goods | 1.48% | ₹13.54 Cr | — | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.42% | ₹13.00 Cr | +0.83% | +1.50% | +1.92% |
| Diamond Power Infrastructure Ltd. | Capital Goods | 1.41% | ₹12.92 Cr | — | — | — |
| Info Edge (India) Ltd. | Services | 1.41% | ₹12.85 Cr | — | — | — |
| Shadowfax Technologies Ltd. | Services | 1.40% | ₹12.76 Cr | — | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 1.38% | ₹12.63 Cr | +1.80% | +1.37% | +1.50% |
| Milky Mist Dairy Food Ltd. | Consumer Staples | 1.38% | ₹12.57 Cr | — | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 1.33% | ₹12.16 Cr | +1.29% | +1.14% | — |
| Coal India Ltd. | Materials | 1.33% | ₹12.16 Cr | — | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.31% | ₹12.01 Cr | — | — | +1.08% |
| Clean Max Enviro Energy Solutions Ltd. | Energy | 1.28% | ₹11.73 Cr | +0.99% | +0.77% | — |
| Shriram Finance Ltd | Financial | 1.27% | ₹11.56 Cr | +2.37% | +0.83% | — |
| Aeroflex Industries Ltd. | Metals & Mining | 1.26% | ₹11.47 Cr | +0.73% | — | — |
| Divi's Laboratories Ltd. | Healthcare | 1.26% | ₹11.48 Cr | — | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 1.26% | ₹11.48 Cr | +1.45% | — | +1.79% |
| Senores Pharmaceuticals Ltd. | Healthcare | 1.25% | ₹11.42 Cr | — | — | — |
| GNG Electronics Ltd. | Consumer Discretionary | 1.24% | ₹11.33 Cr | +1.95% | — | +0.66% |
| AU Small Finance Bank Ltd. | Financial | 1.23% | ₹11.24 Cr | +1.00% | +0.73% | — |
| Persistent Systems Ltd. | Technology | 1.21% | ₹11.04 Cr | — | +1.72% | +1.32% |
| Ather Energy Ltd. | Automobile | 1.19% | ₹10.90 Cr | +0.95% | +1.98% | — |
| Karur Vysya Bank Ltd. | Financial | 1.19% | ₹10.91 Cr | +1.12% | +1.84% | +1.33% |
| SEDEMAC Mechatronics Ltd. | Capital Goods | 1.19% | ₹10.87 Cr | +1.70% | — | — |
| Coforge Ltd. | Technology | 1.18% | ₹10.75 Cr | +1.77% | +0.76% | +1.28% |
| Avalon Technologies Ltd. | Capital Goods | 1.17% | ₹10.67 Cr | +1.11% | — | — |
| Navin Fluorine International Ltd. | Chemicals | 1.17% | ₹10.65 Cr | +1.45% | +1.73% | +1.04% |
| Bajaj Finance Ltd. | Financial | 1.16% | ₹10.57 Cr | +1.57% | — | +1.67% |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | 1.15% | ₹10.50 Cr | — | — | — |
| Shaily Engineering Plastics Ltd. | Materials | 1.14% | ₹10.40 Cr | +1.36% | +1.61% | — |
| Aster DM Quality Care Ltd. | Healthcare | 1.13% | ₹10.34 Cr | — | — | — |
| The Federal Bank Ltd. | Financial | 1.13% | ₹10.34 Cr | +2.10% | +1.16% | — |
| Innova Captab Ltd. | Healthcare | 1.10% | ₹10.07 Cr | +0.71% | — | — |
| Honasa Consumer Ltd. | Consumer Staples | 1.08% | ₹9.88 Cr | +1.47% | — | — |
| INDO-MIM Ltd. | Capital Goods | 1.07% | ₹9.76 Cr | — | — | — |
| Neuland Laboratories Ltd. | Healthcare | 1.05% | ₹9.61 Cr | +1.63% | +0.97% | +1.08% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.04% | ₹9.51 Cr | — | — | +1.45% |
| Zen Technologies Ltd. | Technology | 1.04% | ₹9.54 Cr | +0.85% | — | — |
| Symbiotec Pharmalab Ltd. | Healthcare | 1.02% | ₹9.32 Cr | — | — | — |
| RBL Bank Ltd. | Financial | 1.01% | ₹9.22 Cr | — | — | — |
| Axis Bank Ltd. | Financial | 1.00% | ₹9.11 Cr | +1.96% | +1.09% | — |
| State Bank of India | Financial | 0.96% | ₹8.80 Cr | +2.19% | +2.30% | +1.69% |
| Hindustan Zinc Ltd. | Metals & Mining | 0.94% | ₹8.61 Cr | — | +0.35% | — |
| Hitachi Energy India Ltd. | Capital Goods | 0.94% | ₹8.61 Cr | +1.15% | +1.21% | — |
| One 97 Communications Ltd. | Services | 0.91% | ₹8.30 Cr | — | — | +1.35% |
| Muthoot Finance Ltd. | Financial | 0.90% | ₹8.27 Cr | — | +1.06% | +2.86% |
| Paradeep Phosphates Ltd. | Chemicals | 0.88% | ₹8.00 Cr | — | — | — |
| SJS Enterprises Ltd. | Automobile | 0.88% | ₹8.03 Cr | +1.24% | +1.08% | +1.75% |
| TVS Motor Company Ltd. | Automobile | 0.82% | ₹7.50 Cr | +1.13% | +0.78% | +1.78% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 0.81% | ₹7.42 Cr | — | — | — |
| Paras Defence And Space Technologies Ltd. | Capital Goods | 0.80% | ₹7.34 Cr | +0.90% | — | — |
| Sterlite Technologies Ltd. | Communication | 0.78% | ₹7.17 Cr | — | — | — |
| Bharat Electronics Ltd. | Capital Goods | 0.72% | ₹6.56 Cr | — | +2.60% | +1.71% |
| Minda Corporation Ltd. | Automobile | 0.69% | ₹6.31 Cr | — | — | — |
| Kirloskar Oil Engines Ltd. | Capital Goods | 0.68% | ₹6.25 Cr | +1.23% | +1.20% | — |
| Manika Plastech Ltd. | Materials | 0.65% | ₹5.91 Cr | — | — | — |
| ideaForge Technology Ltd. | Capital Goods | 0.58% | ₹5.33 Cr | — | — | — |
| Gaja Alternative Asset Management Ltd. | Financial | 0.56% | ₹5.12 Cr | — | — | — |
| Eicher Motors Ltd. | Automobile | 0.53% | ₹4.87 Cr | +0.67% | — | +1.62% |
| Azad Engineering Ltd. | Capital Goods | 0.37% | ₹3.37 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | -0.24% | 7.82% | +8.06% |
| Kotak Mahindra Bank Ltd. | 0.00% | 1.96% | +1.96% |
| Milky Mist Dairy Food Ltd. | 0.01% | 1.38% | +1.37% |
| Coal India Ltd. | 0.00% | 1.33% | +1.33% |
| Apollo Hospitals Enterprise Ltd. | 0.00% | 1.31% | +1.31% |
| Shriram Finance Ltd | 2.56% | 1.27% | -1.29% |
| Cholamandalam Investment and Finance Company Ltd. | 1.20% | 0.00% | -1.20% |
| One 97 Communications Ltd. | 2.07% | 0.91% | -1.16% |
| L&T Finance Ltd. | 1.13% | 0.00% | -1.13% |
| Aditya Birla Capital Ltd. | 1.12% | 0.00% | -1.12% |
| INDO-MIM Ltd. | 0.00% | 1.07% | +1.07% |
| Hindustan Aeronautics Ltd. | 0.00% | 1.04% | +1.04% |
| R R Kabel Ltd. | 1.02% | 0.00% | -1.02% |
| RBL Bank Ltd. | 0.00% | 1.01% | +1.01% |
| Axis Bank Ltd. | 0.00% | 1.00% | +1.00% |
| Polycab India Ltd. | 0.99% | 0.00% | -0.99% |
| Solar Industries India Ltd. | 0.96% | 0.00% | -0.96% |
| Coforge Ltd. | 2.10% | 1.18% | -0.92% |
| Samvardhana Motherson International Ltd. | 0.81% | 1.73% | +0.92% |
| BSE Ltd. | 0.91% | 0.00% | -0.91% |
| Aurobindo Pharma Ltd. | 1.17% | 2.05% | +0.88% |
| Tech Mahindra Ltd. | 0.87% | 0.00% | -0.87% |
| MTAR Technologies Ltd. | 0.81% | 0.00% | -0.81% |
| Swiggy Ltd. | 0.80% | 0.00% | -0.80% |
| Knack Packaging Ltd. | 0.79% | 0.00% | -0.79% |
| Sterlite Technologies Ltd. | 0.00% | 0.78% | +0.78% |
| Bharat Electronics Ltd. | 0.00% | 0.72% | +0.72% |
| Ather Energy Ltd. | 1.89% | 1.19% | -0.70% |
| Eicher Motors Ltd. | 1.23% | 0.53% | -0.70% |
| Manika Plastech Ltd. | 0.00% | 0.65% | +0.65% |
| TVS Motor Company Ltd. | 1.39% | 0.82% | -0.57% |
| Laurus Labs Ltd. | 1.40% | 1.96% | +0.56% |
| State Bank of India | 1.50% | 0.96% | -0.54% |
| Bharti Airtel Ltd. | 1.10% | 1.62% | +0.52% |
| Eternal Ltd. | 2.11% | 2.63% | +0.52% |
| Hitachi Energy India Ltd. | 1.46% | 0.94% | -0.52% |
| Titan Company Ltd. | 2.51% | 2.00% | -0.51% |
| Multi Commodity Exchange Of India Ltd. | 2.18% | 2.67% | +0.49% |
| GNG Electronics Ltd. | 0.78% | 1.24% | +0.46% |
| Dixon Technologies (India) Ltd. | 1.76% | 2.21% | +0.45% |
| SJS Enterprises Ltd. | 1.32% | 0.88% | -0.44% |
| Symbiotec Pharmalab Ltd. | 0.62% | 1.02% | +0.40% |
| Jyoti CNC Automation Ltd. | 1.10% | 1.48% | +0.38% |
| Minda Corporation Ltd. | 1.06% | 0.69% | -0.37% |
| Azad Engineering Ltd. | 0.00% | 0.37% | +0.37% |
| Clean Max Enviro Energy Solutions Ltd. | 0.93% | 1.28% | +0.35% |
| FSN E-Commerce Ventures Ltd. | 1.70% | 1.38% | -0.32% |
| SEDEMAC Mechatronics Ltd. | 1.51% | 1.19% | -0.32% |
| GE Vernova T&D India Ltd | 1.73% | 1.42% | -0.31% |
| The Federal Bank Ltd. | 1.44% | 1.13% | -0.31% |
| ICICI Bank Ltd. | 4.31% | 4.02% | -0.29% |
| Nippon Life India Asset Management Ltd. | 1.55% | 1.26% | -0.29% |
| Bajaj Finance Ltd. | 1.44% | 1.16% | -0.28% |
| Honasa Consumer Ltd. | 1.36% | 1.08% | -0.28% |
| Zen Technologies Ltd. | 1.31% | 1.04% | -0.27% |
| AU Small Finance Bank Ltd. | 1.49% | 1.23% | -0.26% |
| Billionbrains Garage Ventures Ltd. | 1.07% | 1.33% | +0.26% |
| Hindustan Zinc Ltd. | 0.69% | 0.94% | +0.25% |
| Persistent Systems Ltd. | 1.45% | 1.21% | -0.24% |
| Neuland Laboratories Ltd. | 1.28% | 1.05% | -0.23% |
| Kalyan Jewellers India Ltd. | 1.37% | 1.15% | -0.22% |
| Radico Khaitan Ltd. | 1.39% | 1.61% | +0.22% |
| Muthoot Finance Ltd. | 1.11% | 0.90% | -0.21% |
| Navin Fluorine International Ltd. | 1.38% | 1.17% | -0.21% |
| Paras Defence And Space Technologies Ltd. | 0.99% | 0.80% | -0.19% |
| Welspun Corp Ltd. | 1.82% | 1.65% | -0.17% |
| Kirloskar Oil Engines Ltd. | 0.51% | 0.68% | +0.17% |
| Bharat Heavy Electricals Ltd. | 0.98% | 0.81% | -0.17% |
| Shadowfax Technologies Ltd. | 1.24% | 1.40% | +0.16% |
| Paradeep Phosphates Ltd. | 1.03% | 0.88% | -0.15% |
| Innova Captab Ltd. | 0.97% | 1.10% | +0.13% |
| Aeroflex Industries Ltd. | 1.39% | 1.26% | -0.13% |
| Gaja Alternative Asset Management Ltd. | 0.68% | 0.56% | -0.12% |
| Avalon Technologies Ltd. | 1.05% | 1.17% | +0.12% |
| Divi's Laboratories Ltd. | 1.37% | 1.26% | -0.11% |
| Info Edge (India) Ltd. | 1.31% | 1.41% | +0.10% |
| ideaForge Technology Ltd. | 0.49% | 0.58% | +0.09% |
| Karur Vysya Bank Ltd. | 1.25% | 1.19% | -0.06% |
| Diamond Power Infrastructure Ltd. | 1.35% | 1.41% | +0.06% |
| Senores Pharmaceuticals Ltd. | 1.29% | 1.25% | -0.04% |
| Shaily Engineering Plastics Ltd. | 1.17% | 1.14% | -0.03% |
| Aster DM Quality Care Ltd. | 1.10% | 1.13% | +0.03% |
| Lenskart Solutions Ltd. | 2.53% | 2.55% | +0.02% |
| company:20133 | 0.01% | 0.00% | -0.01% |
| Sansera Engineering Ltd. | 1.63% | 1.62% | -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 | ₹5,569 Cr | 2.19% | 14.5% | 11.0% | 14.9% |
 Axis Multicap Fund | ₹12,234 Cr | 1.97% | 19.1% | 12.5% | — |
 Mahindra Manulife Multi Cap Fund | ₹7,457 Cr | 2.18% | 15.0% | 10.7% | 14.9% |
 WhiteOak Capital Multi Cap Fund | ₹4,610 Cr | 2.21% | 10.6% | 10.4% | — |
 LIC MF Multi Cap Fund | ₹2,187 Cr | 2.15% | 12.8% | 10.2% | — |
 Bank of India Multi Cap Fund | ₹1,357 Cr | 2.45% | 15.1% | 11.3% | — |
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 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 months11.30% absolute | ₹60,000 | ₹66,780 | 11.30% | |
| 1 year13.96% annualised | ₹1,20,000 | ₹1,29,473 | 7.89% |
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 ₹11.92 as on 9 Nov 2026.
What is the expense ratio of TRUSTMF Multi Cap Fund?
The expense ratio of TRUSTMF Multi Cap Fund is 3.39% 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 ₹7,445 Cr under management.