TRUSTMF Small Cap Fund
Small CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹13.54+0.22%1 day
- Return since launch
- 17.0%
- 52-week range
- ₹9.55 — ₹13.83
- AUM
- ₹3,439 Cr
TRUSTMF Small Cap Fund is a Small Cap equity fund from TRUST Mutual Fund with ₹3,439 Cr under management, launched in 2024. The expense ratio is 2.92% and the SEBI riskometer reading is Very High.
Performance
TRUSTMF Small Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +31.7% against +13.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 42.0% | +27.8 pts | 14.3% | 22.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.4% | +0.3 pts | -0.7% | -1.1% |
| 3M | 7.8% | +2.5 pts | 5.3% | 4.8% |
| 6M | 36.6% | +9.3 pts | 27.3% | 25.9% |
| 1Y | 31.7% | +17.5 pts | 14.3% | 13.9% |
Since launch (11 Oct 2024): 17.0%
Calendar-year returns
Category average-0.7%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -0.7% | +2.7 pts | -3.3% |
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
2.89%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.64%
- Brokerage
- 0.32%
- Transaction charges
- 0.01%
- Statutory levies
- 0.92%
- 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 Smallcap 250 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 Small Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity95.0%
- Other5.0%
Market cap split
- Mid24.0%
- Small76.0%
- P/E
- 43.63
- P/B
- 5.61
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 4.98% | ₹169 Cr | +7.60% | +0.66% | +0.43% |
| Karur Vysya Bank Ltd. | Financial | 2.38% | ₹81.85 Cr | +1.74% | +3.90% | +2.82% |
| Welspun Corp Ltd. | Metals & Mining | 2.38% | ₹81.87 Cr | +1.75% | +1.57% | +2.08% |
| Ather Energy Ltd. | Automobile | 2.27% | ₹78.18 Cr | +1.92% | +1.49% | — |
| Sansera Engineering Ltd. | Automobile | 2.22% | ₹76.27 Cr | +2.09% | +1.02% | — |
| Sky Gold And Diamonds Ltd. | Consumer Discretionary | 2.07% | ₹71.35 Cr | +1.13% | — | — |
| Multi Commodity Exchange Of India Ltd. | Services | 2.01% | ₹69.28 Cr | +2.46% | +2.31% | +2.37% |
| Shadowfax Technologies Ltd. | Services | 2.01% | ₹69.03 Cr | +1.73% | +1.20% | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.00% | ₹68.72 Cr | +1.72% | +1.95% | — |
| Navin Fluorine International Ltd. | Chemicals | 1.84% | ₹63.40 Cr | +2.58% | +2.61% | +2.08% |
| Coforge Ltd. | Technology | 1.79% | ₹61.72 Cr | +1.78% | — | +1.59% |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.78% | ₹61.21 Cr | — | — | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.73% | ₹59.55 Cr | — | — | — |
| TD Power Systems Ltd. | Capital Goods | 1.72% | ₹59.18 Cr | +1.48% | +2.26% | — |
| VA Tech Wabag Ltd. | Capital Goods | 1.71% | ₹58.82 Cr | — | — | — |
| company:17109 | Services | 1.69% | ₹58.13 Cr | — | — | — |
| Craftsman Automation Ltd. | Automobile | 1.65% | ₹56.77 Cr | +1.16% | +1.20% | +0.74% |
| Radico Khaitan Ltd. | Consumer Staples | 1.57% | ₹53.92 Cr | +1.63% | +1.30% | +2.36% |
| RBL Bank Ltd. | Financial | 1.55% | ₹53.29 Cr | +1.07% | +1.35% | — |
| Honasa Consumer Ltd. | Consumer Staples | 1.53% | ₹52.78 Cr | +0.79% | — | — |
| SJS Enterprises Ltd. | Automobile | 1.52% | ₹52.29 Cr | +1.88% | +2.23% | +1.85% |
| City Union Bank Ltd. | Financial | 1.51% | ₹51.84 Cr | +2.16% | +3.16% | +1.44% |
| The Federal Bank Ltd. | Financial | 1.51% | ₹52.02 Cr | +1.87% | +2.70% | — |
| Laurus Labs Ltd. | Healthcare | 1.49% | ₹51.34 Cr | +1.98% | +2.13% | +1.75% |
| Piramal Finance Ltd. | Financial | 1.48% | ₹51.04 Cr | +1.07% | — | — |
| Sai Life Sciences Ltd. | Healthcare | 1.48% | ₹50.76 Cr | +2.20% | +1.58% | +0.90% |
| PNB Housing Finance Ltd. | Financial | 1.46% | ₹50.34 Cr | +1.90% | +0.75% | +0.93% |
| Inox India Ltd. | Metals & Mining | 1.45% | ₹49.88 Cr | — | — | — |
| company:1511 | Metals & Mining | 1.45% | ₹49.98 Cr | +0.99% | +1.15% | — |
| Neuland Laboratories Ltd. | Healthcare | 1.44% | ₹49.66 Cr | +1.54% | +0.90% | — |
| Senores Pharmaceuticals Ltd. | Healthcare | 1.44% | ₹49.67 Cr | +1.05% | — | — |
| Manappuram Finance Ltd. | Financial | 1.41% | ₹48.32 Cr | — | +0.76% | — |
| company:18805 | Capital Goods | 1.38% | ₹47.47 Cr | — | — | — |
| Aeroflex Industries Ltd. | Metals & Mining | 1.37% | ₹47.18 Cr | — | — | — |
| Rubicon Research Ltd. | Healthcare | 1.34% | ₹46.10 Cr | +1.13% | — | — |
| Aster DM Quality Care Ltd. | Healthcare | 1.32% | ₹45.49 Cr | +1.88% | +1.72% | +2.15% |
| Shaily Engineering Plastics Ltd. | Materials | 1.32% | ₹45.50 Cr | +1.54% | +1.22% | +2.46% |
| Diamond Power Infrastructure Ltd. | Capital Goods | 1.30% | ₹44.74 Cr | — | — | — |
| SPR Auto Technologies Ltd. | Automobile | 1.28% | ₹43.92 Cr | +0.95% | — | — |
| CarTrade Tech Ltd. | Services | 1.27% | ₹43.73 Cr | — | — | +1.94% |
| company:3449 | Healthcare | 1.27% | ₹43.74 Cr | — | — | — |
| Avalon Technologies Ltd. | Capital Goods | 1.24% | ₹42.64 Cr | +1.24% | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 1.22% | ₹41.99 Cr | +1.73% | — | — |
| Data Patterns (India) Ltd. | Capital Goods | 1.21% | ₹41.77 Cr | — | +1.22% | +0.97% |
| R R Kabel Ltd. | Consumer Discretionary | 1.20% | ₹41.33 Cr | +1.48% | — | — |
| company:20770 | Capital Goods | 1.18% | ₹40.60 Cr | — | — | — |
| Aditya Infotech Ltd. | Communication | 1.16% | ₹39.98 Cr | +1.93% | +1.48% | — |
| Syrma SGS Technology Ltd. | Capital Goods | 1.16% | ₹40.00 Cr | +1.54% | +1.51% | +1.62% |
| Zen Technologies Ltd. | Technology | 1.15% | ₹39.65 Cr | — | — | — |
| Granules India Ltd. | Healthcare | 1.11% | ₹38.24 Cr | — | — | — |
| Clean Max Enviro Energy Solutions Ltd. | Energy | 1.09% | ₹37.45 Cr | +1.12% | +0.51% | — |
| Physicswallah Ltd. | Services | 1.09% | ₹37.57 Cr | — | — | — |
| Kirloskar Oil Engines Ltd. | Capital Goods | 1.07% | ₹36.82 Cr | +2.01% | +2.01% | — |
| Paradeep Phosphates Ltd. | Chemicals | 1.07% | ₹36.70 Cr | — | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.07% | ₹36.72 Cr | — | +0.52% | — |
| Aditya Birla Capital Ltd. | Financial | 1.06% | ₹36.43 Cr | — | — | — |
| Privi Speciality Chemicals Ltd. | Chemicals | 0.99% | ₹33.97 Cr | +1.19% | +1.22% | +1.34% |
| Acutaas Chemicals Ltd. | Healthcare | 0.98% | ₹33.59 Cr | +2.22% | +3.17% | +2.00% |
| Anand Rathi Wealth Ltd. | Financial | 0.98% | ₹33.72 Cr | — | — | — |
| company:18292 | Technology | 0.98% | ₹33.70 Cr | — | — | — |
| BlueStone Jewellery and Lifestyle Ltd. | Consumer Discretionary | 0.97% | ₹33.24 Cr | — | — | — |
| MTAR Technologies Ltd. | Capital Goods | 0.94% | ₹32.38 Cr | +1.56% | +1.94% | — |
| WeWork India Management Ltd. | Services | 0.93% | ₹32.05 Cr | — | — | — |
| company:4911 | Metals & Mining | 0.87% | ₹29.76 Cr | +0.63% | +0.81% | +1.03% |
| Cemindia Projects Ltd. | Construction | 0.84% | ₹29.00 Cr | +2.21% | +1.14% | — |
| Paras Defence And Space Technologies Ltd. | Capital Goods | 0.76% | ₹26.04 Cr | — | — | — |
| company:6892 | Services | 0.76% | ₹26.00 Cr | — | — | — |
| L&T Finance Ltd. | Financial | 0.72% | ₹24.67 Cr | — | — | — |
| company:20345 | Healthcare | 0.64% | ₹21.91 Cr | — | — | — |
| eClerx Services Ltd. | Services | 0.63% | ₹21.83 Cr | +0.90% | — | +2.16% |
| Deepak Fertilisers And Petrochemicals Corporation Ltd. | Chemicals | 0.56% | ₹19.29 Cr | +0.70% | — | — |
| company:20772 | Consumer Staples | 0.00% | ₹0.15 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 3.23% | 0.48% | -2.75% |
| Gabriel India Ltd. | 1.86% | 0.00% | -1.86% |
| TD Power Systems Ltd. | 0.00% | 1.72% | +1.72% |
| company:17109 | 0.00% | 1.69% | +1.69% |
| company:1511 | 0.00% | 1.45% | +1.45% |
| company:18805 | 0.00% | 1.38% | +1.38% |
| Arvind Ltd. | 1.37% | 0.00% | -1.37% |
| Delhivery Ltd. | 1.27% | 0.00% | -1.27% |
| company:3449 | 0.00% | 1.27% | +1.27% |
| Billionbrains Garage Ventures Ltd. | 1.24% | 0.00% | -1.24% |
| Laurus Labs Ltd. | 2.72% | 1.49% | -1.23% |
| Amber Enterprises India Ltd. | 1.20% | 0.00% | -1.20% |
| company:20770 | 0.00% | 1.18% | +1.18% |
| Solar Industries India Ltd. | 1.16% | 0.00% | -1.16% |
| Firstsource Solutions Ltd. | 1.13% | 0.00% | -1.13% |
| Le Travenues Technology Ltd. | 1.07% | 0.00% | -1.07% |
| company:18292 | 0.00% | 0.98% | +0.98% |
| company:4911 | 0.00% | 0.87% | +0.87% |
| Krishna Institute of Medical Sciences Ltd | 0.86% | 0.00% | -0.86% |
| Welspun Corp Ltd. | 1.54% | 2.38% | +0.84% |
| Ather Energy Ltd. | 1.50% | 2.27% | +0.77% |
| company:6892 | 0.00% | 0.76% | +0.76% |
| CCL Products (India) Ltd. | 0.74% | 0.00% | -0.74% |
| Diamond Power Infrastructure Ltd. | 0.57% | 1.30% | +0.73% |
| Thangamayil Jewellery Ltd. | 0.70% | 0.00% | -0.70% |
| company:20345 | 0.00% | 0.64% | +0.64% |
| Kirloskar Oil Engines Ltd. | 1.71% | 1.07% | -0.64% |
| The Federal Bank Ltd. | 2.14% | 1.51% | -0.63% |
| VA Tech Wabag Ltd. | 1.09% | 1.71% | +0.62% |
| MTAR Technologies Ltd. | 0.33% | 0.94% | +0.61% |
| Paradeep Phosphates Ltd. | 0.56% | 1.07% | +0.51% |
| Sona BLW Precision Forgings Ltd. | 1.29% | 1.78% | +0.49% |
| Syrma SGS Technology Ltd. | 1.62% | 1.16% | -0.46% |
| Navin Fluorine International Ltd. | 1.41% | 1.84% | +0.43% |
| Piramal Finance Ltd. | 1.05% | 1.48% | +0.43% |
| GNG Electronics Ltd. | 0.42% | 0.00% | -0.42% |
| L&T Finance Ltd. | 1.14% | 0.72% | -0.42% |
| City Union Bank Ltd. | 1.89% | 1.51% | -0.38% |
| Cemindia Projects Ltd. | 1.21% | 0.84% | -0.37% |
| Sky Gold And Diamonds Ltd. | 1.70% | 2.07% | +0.37% |
| Avalon Technologies Ltd. | 0.88% | 1.24% | +0.36% |
| Dixon Technologies (India) Ltd. | 1.37% | 1.73% | +0.36% |
| Zen Technologies Ltd. | 0.79% | 1.15% | +0.36% |
| Coforge Ltd. | 2.14% | 1.79% | -0.35% |
| R R Kabel Ltd. | 1.55% | 1.20% | -0.35% |
| Data Patterns (India) Ltd. | 0.88% | 1.21% | +0.33% |
| Manappuram Finance Ltd. | 1.08% | 1.41% | +0.33% |
| Physicswallah Ltd. | 1.41% | 1.09% | -0.32% |
| Clean Max Enviro Energy Solutions Ltd. | 1.40% | 1.09% | -0.31% |
| Neuland Laboratories Ltd. | 1.14% | 1.44% | +0.30% |
| Deepak Fertilisers And Petrochemicals Corporation Ltd. | 0.83% | 0.56% | -0.27% |
| Aster DM Quality Care Ltd. | 1.58% | 1.32% | -0.26% |
| Rubicon Research Ltd. | 1.08% | 1.34% | +0.26% |
| Ujjivan Small Finance Bank Ltd. | 1.33% | 1.07% | -0.26% |
| Aditya Birla Capital Ltd. | 1.31% | 1.06% | -0.25% |
| Privi Speciality Chemicals Ltd. | 1.24% | 0.99% | -0.25% |
| Radico Khaitan Ltd. | 1.82% | 1.57% | -0.25% |
| Karur Vysya Bank Ltd. | 2.62% | 2.38% | -0.24% |
| Nippon Life India Asset Management Ltd. | 1.45% | 1.22% | -0.23% |
| Aditya Infotech Ltd. | 1.38% | 1.16% | -0.22% |
| Granules India Ltd. | 1.33% | 1.11% | -0.22% |
| SPR Auto Technologies Ltd. | 1.46% | 1.28% | -0.18% |
| Aeroflex Industries Ltd. | 1.20% | 1.37% | +0.17% |
| Shaily Engineering Plastics Ltd. | 1.49% | 1.32% | -0.17% |
| Inox India Ltd. | 1.29% | 1.45% | +0.16% |
| Multi Commodity Exchange Of India Ltd. | 1.85% | 2.01% | +0.16% |
| RBL Bank Ltd. | 1.41% | 1.55% | +0.14% |
| Anand Rathi Wealth Ltd. | 1.11% | 0.98% | -0.13% |
| Sai Life Sciences Ltd. | 1.60% | 1.48% | -0.12% |
| Sansera Engineering Ltd. | 2.34% | 2.22% | -0.12% |
| Craftsman Automation Ltd. | 1.75% | 1.65% | -0.10% |
| CarTrade Tech Ltd. | 1.19% | 1.27% | +0.08% |
| eClerx Services Ltd. | 0.71% | 0.63% | -0.08% |
| Shadowfax Technologies Ltd. | 2.06% | 2.01% | -0.05% |
| Senores Pharmaceuticals Ltd. | 1.39% | 1.44% | +0.05% |
| Acutaas Chemicals Ltd. | 0.93% | 0.98% | +0.05% |
| BlueStone Jewellery and Lifestyle Ltd. | 0.92% | 0.97% | +0.05% |
| Lenskart Solutions Ltd. | 2.04% | 2.00% | -0.04% |
| PNB Housing Finance Ltd. | 1.50% | 1.46% | -0.04% |
| Paras Defence And Space Technologies Ltd. | 0.80% | 0.76% | -0.04% |
| WeWork India Management Ltd. | 0.97% | 0.93% | -0.04% |
| SJS Enterprises Ltd. | 1.55% | 1.52% | -0.03% |
| company:20772 | 0.00% | 0.00% | 0.00% |
| Honasa Consumer Ltd. | 1.53% | 1.53% | 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 | ₹12,460 Cr | 2.03% | 31.2% | 16.8% | 21.5% |
 Bandhan Small Cap Fund | ₹34,176 Cr | 1.72% | 21.1% | 15.6% | 22.0% |
 Invesco India Small Cap Fund | ₹15,744 Cr | 1.83% | 24.4% | 15.9% | 20.4% |
 Mahindra Manulife Small Cap Fund | ₹5,468 Cr | 2.20% | 29.0% | 14.7% | — |
 ITI Small Cap Fund | ₹3,603 Cr | 2.22% | 34.9% | 18.0% | 22.1% |
 Bank of India Small Cap Fund | ₹3,307 Cr | 2.17% | 46.7% | 19.8% | 21.3% |
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 investing predominantly in equity and equity related securities of small cap companies. However, there is no assurance that the investment objective of the scheme will be realized.
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 months36.63% absolute | ₹60,000 | ₹81,978 | 36.63% | |
| 1 year31.71% annualised | ₹1,20,000 | ₹1,42,747 | 18.96% |
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 Small Cap Fund?
The NAV of TRUSTMF Small Cap Fund is ₹13.54 as on 25 Sep 2026.
What is the expense ratio of TRUSTMF Small Cap Fund?
The expense ratio of TRUSTMF Small Cap Fund is 2.92% per year.
What is the minimum SIP amount for TRUSTMF Small Cap Fund?
You can start a SIP in TRUSTMF Small Cap Fund with ₹3,000 a month.
Is there a lock-in or exit load on TRUSTMF Small Cap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 180 days..
How risky is TRUSTMF Small Cap Fund?
TRUSTMF Small Cap Fund is rated Very High on the SEBI riskometer and belongs to the Small Cap category.
Which fund house manages TRUSTMF Small Cap Fund?
TRUSTMF Small Cap Fund is managed by TRUST Mutual Fund, which runs 11 schemes with ₹5,075 Cr under management.