TRUSTMF Small Cap Fund
Small CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹13.23+0.84%1 day
- Return since launch
- 14.1%
- 52-week range
- ₹9.55 — ₹13.83
- AUM
- ₹3,981 Cr
TRUSTMF Small Cap Fund is a Small Cap equity fund from TRUST Mutual Fund with ₹3,981 Cr under management, launched in 2024. The expense ratio is 2.84% 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 +20.8% against +7.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 28.3% | +20.1 pts | 8.2% | 12.1% |
| 2Y | 22.5% | +13.3 pts | 9.2% | 8.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.3% | −1.5 pts | -0.8% | -1.0% |
| 3M | 0.1% | +2.6 pts | -2.5% | -3.0% |
| 6M | 12.1% | +6.2 pts | 5.9% | 5.0% |
| 1Y | 21.1% | +13.0 pts | 8.2% | 7.6% |
| 2Y | 15.2% | +11.6 pts | 3.6% | 2.9% |
Since launch (11 Oct 2024): 14.1%
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
2.83%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.62%
- Brokerage
- 0.31%
- Transaction charges
- 0.01%
- Statutory levies
- 0.89%
- 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 30 Sep 2026
Asset allocation
- Equity94.2%
- Other5.8%
Market cap split
- Large1.1%
- Mid21.3%
- Small77.7%
- P/E
- 47.15
- P/B
- 5.94
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 5.82% | ₹226 Cr | +10.56% | +8.92% | +2.24% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.40% | ₹93.15 Cr | +1.70% | +2.11% | — |
| RBL Bank Ltd. | Financial | 2.24% | ₹86.97 Cr | +1.60% | +1.25% | — |
| Sansera Engineering Ltd. | Automobile | 2.16% | ₹83.84 Cr | +2.04% | +1.55% | — |
| Shadowfax Technologies Ltd. | Services | 2.13% | ₹82.67 Cr | +1.79% | +1.27% | — |
| Karur Vysya Bank Ltd. | Financial | 2.12% | ₹82.27 Cr | +1.85% | +3.12% | +2.67% |
| Multi Commodity Exchange Of India Ltd. | Services | 2.12% | ₹82.16 Cr | +2.14% | +2.49% | +2.39% |
| Jyoti CNC Automation Ltd. | Capital Goods | 2.05% | ₹79.59 Cr | — | — | — |
| VA Tech Wabag Ltd. | Capital Goods | 1.95% | ₹75.72 Cr | — | — | — |
| Welspun Corp Ltd. | Metals & Mining | 1.93% | ₹74.75 Cr | +1.73% | +1.58% | +2.08% |
| Laurus Labs Ltd. | Healthcare | 1.81% | ₹70.18 Cr | +1.86% | +2.02% | +1.42% |
| Navin Fluorine International Ltd. | Chemicals | 1.79% | ₹69.59 Cr | +1.95% | +2.57% | +1.52% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.75% | ₹67.84 Cr | +0.99% | — | — |
| Sky Gold And Diamonds Ltd. | Consumer Discretionary | 1.74% | ₹67.32 Cr | +1.41% | — | — |
| Redington Ltd. | Services | 1.70% | ₹65.79 Cr | — | — | — |
| Gland Pharma Ltd. | Healthcare | 1.68% | ₹65.06 Cr | — | — | — |
| Aster DM Quality Care Ltd. | Healthcare | 1.64% | ₹63.64 Cr | +1.32% | +2.42% | +1.99% |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.63% | ₹63.16 Cr | — | — | — |
| City Union Bank Ltd. | Financial | 1.61% | ₹62.59 Cr | +2.01% | +2.64% | +1.11% |
| Radico Khaitan Ltd. | Consumer Staples | 1.57% | ₹60.78 Cr | +1.87% | +1.46% | +2.35% |
| Inox India Ltd. | Metals & Mining | 1.55% | ₹60.05 Cr | — | — | — |
| Kirloskar Oil Engines Ltd. | Capital Goods | 1.50% | ₹58.05 Cr | +1.61% | +2.23% | — |
| CarTrade Tech Ltd. | Services | 1.46% | ₹56.60 Cr | — | — | +1.41% |
| Granules India Ltd. | Healthcare | 1.44% | ₹55.73 Cr | +1.05% | — | — |
| Ather Energy Ltd. | Automobile | 1.40% | ₹54.14 Cr | +1.33% | +2.78% | +1.62% |
| Clean Max Enviro Energy Solutions Ltd. | Energy | 1.40% | ₹54.13 Cr | +1.30% | +0.93% | — |
| Honasa Consumer Ltd. | Consumer Staples | 1.39% | ₹53.77 Cr | +1.54% | — | — |
| Sai Life Sciences Ltd. | Healthcare | 1.37% | ₹53.01 Cr | +1.73% | +2.08% | +0.57% |
| Avalon Technologies Ltd. | Capital Goods | 1.34% | ₹51.83 Cr | +1.27% | — | — |
| Kanohar Electricals Ltd. | Capital Goods | 1.34% | ₹52.00 Cr | — | — | — |
| Acutaas Chemicals Ltd. | Healthcare | 1.32% | ₹51.07 Cr | +1.22% | +3.11% | +1.92% |
| Netweb Technologies India Ltd. | Technology | 1.31% | ₹50.97 Cr | — | — | +1.75% |
| Shaily Engineering Plastics Ltd. | Materials | 1.29% | ₹50.18 Cr | +1.14% | +1.93% | +2.54% |
| Syrma SGS Technology Ltd. | Capital Goods | 1.28% | ₹49.62 Cr | +1.45% | +1.79% | +2.00% |
| PNB Housing Finance Ltd. | Financial | 1.27% | ₹49.08 Cr | +1.46% | +1.14% | +1.31% |
| Aeroflex Industries Ltd. | Metals & Mining | 1.24% | ₹48.19 Cr | +0.88% | — | — |
| Senores Pharmaceuticals Ltd. | Healthcare | 1.24% | ₹48.04 Cr | +1.63% | — | — |
| Data Patterns (India) Ltd. | Capital Goods | 1.22% | ₹47.43 Cr | +1.13% | +1.56% | +1.22% |
| Neuland Laboratories Ltd. | Healthcare | 1.19% | ₹46.08 Cr | +1.28% | +0.86% | +1.08% |
| The Federal Bank Ltd. | Financial | 1.19% | ₹46.29 Cr | +2.17% | +1.67% | — |
| Diamond Power Infrastructure Ltd. | Capital Goods | 1.18% | ₹45.62 Cr | — | — | — |
| Hindustan Copper Ltd. | Metals & Mining | 1.16% | ₹44.97 Cr | — | — | — |
| TD Power Systems Ltd. | Capital Goods | 1.15% | ₹44.76 Cr | +1.05% | +1.77% | — |
| Cemindia Projects Ltd. | Construction | 1.13% | ₹43.68 Cr | +2.16% | +1.22% | — |
| Milky Mist Dairy Food Ltd. | Consumer Staples | 1.10% | ₹42.54 Cr | — | — | — |
| INDO-MIM Ltd. | Capital Goods | 1.07% | ₹41.55 Cr | — | — | — |
| PTC Industries Ltd. | Metals & Mining | 1.07% | ₹41.38 Cr | — | +0.70% | +1.11% |
| Dhoot Transmission Ltd. | Capital Goods | 1.06% | ₹40.99 Cr | — | — | — |
| SJS Enterprises Ltd. | Automobile | 1.04% | ₹40.17 Cr | +1.51% | +1.52% | +2.03% |
| Sterlite Technologies Ltd. | Communication | 1.01% | ₹39.29 Cr | — | — | — |
| Eternal Ltd. | Services | 1.00% | ₹38.60 Cr | — | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 0.99% | ₹38.33 Cr | +1.40% | — | — |
| Shilpa Medicare Ltd. | Healthcare | 0.99% | ₹38.22 Cr | — | — | — |
| Sudeep Pharma Ltd. | Healthcare | 0.98% | ₹37.86 Cr | — | — | — |
| Paras Defence And Space Technologies Ltd. | Capital Goods | 0.97% | ₹37.49 Cr | +0.39% | — | — |
| Manappuram Finance Ltd. | Financial | 0.96% | ₹37.11 Cr | — | — | +1.36% |
| SPR Auto Technologies Ltd. | Automobile | 0.95% | ₹37.00 Cr | +1.61% | — | — |
| Coforge Ltd. | Technology | 0.93% | ₹35.98 Cr | +1.29% | — | +1.38% |
| Zen Technologies Ltd. | Technology | 0.92% | ₹35.77 Cr | +0.99% | — | — |
| Aditya Infotech Ltd. | Communication | 0.91% | ₹35.45 Cr | +1.56% | +1.84% | — |
| Paradeep Phosphates Ltd. | Chemicals | 0.91% | ₹35.38 Cr | — | — | — |
| Privi Speciality Chemicals Ltd. | Chemicals | 0.90% | ₹35.07 Cr | +1.45% | +1.19% | +1.57% |
| Karamtara Engineering Ltd. | Energy | 0.89% | ₹34.62 Cr | — | — | — |
| Piramal Finance Ltd. | Financial | 0.89% | ₹34.61 Cr | +1.28% | — | — |
| MTAR Technologies Ltd. | Capital Goods | 0.88% | ₹34.13 Cr | +1.26% | +1.40% | — |
| One 97 Communications Ltd. | Services | 0.88% | ₹33.96 Cr | — | — | — |
| Physicswallah Ltd. | Services | 0.88% | ₹34.29 Cr | +1.14% | — | — |
| Anand Rathi Wealth Ltd. | Financial | 0.84% | ₹32.43 Cr | +0.97% | — | — |
| BlueStone Jewellery and Lifestyle Ltd. | Consumer Discretionary | 0.83% | ₹32.32 Cr | — | — | — |
| WeWork India Management Ltd. | Services | 0.80% | ₹30.92 Cr | — | — | — |
| Craftsman Automation Ltd. | Automobile | 0.74% | ₹28.73 Cr | +1.33% | +0.94% | +0.72% |
| Rubicon Research Ltd. | Healthcare | 0.72% | ₹27.88 Cr | +1.44% | — | — |
| Manorama Industries Ltd. | Consumer Staples | 0.69% | ₹26.78 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 0.48% | 6.04% | +5.56% |
| Gland Pharma Ltd. | 0.00% | 1.68% | +1.68% |
| Kanohar Electricals Ltd. | 0.00% | 1.34% | +1.34% |
| R R Kabel Ltd. | 1.20% | 0.00% | -1.20% |
| Milky Mist Dairy Food Ltd. | 0.00% | 1.10% | +1.10% |
| INDO-MIM Ltd. | 0.00% | 1.07% | +1.07% |
| Ujjivan Small Finance Bank Ltd. | 1.07% | 0.00% | -1.07% |
| Aditya Birla Capital Ltd. | 1.06% | 0.00% | -1.06% |
| Sterlite Technologies Ltd. | 0.00% | 1.01% | +1.01% |
| Eternal Ltd. | 0.00% | 1.00% | +1.00% |
| Redington Ltd. | 0.76% | 1.70% | +0.94% |
| Craftsman Automation Ltd. | 1.65% | 0.74% | -0.91% |
| Karamtara Engineering Ltd. | 0.00% | 0.89% | +0.89% |
| Ather Energy Ltd. | 2.27% | 1.40% | -0.87% |
| Coforge Ltd. | 1.79% | 0.93% | -0.86% |
| One 97 Communications Ltd. | 1.69% | 0.88% | -0.81% |
| L&T Finance Ltd. | 0.72% | 0.00% | -0.72% |
| RBL Bank Ltd. | 1.55% | 2.24% | +0.69% |
| Manorama Industries Ltd. | 0.00% | 0.69% | +0.69% |
| Jyoti CNC Automation Ltd. | 1.38% | 2.05% | +0.67% |
| eClerx Services Ltd. | 0.63% | 0.00% | -0.63% |
| Rubicon Research Ltd. | 1.34% | 0.72% | -0.62% |
| Piramal Finance Ltd. | 1.48% | 0.89% | -0.59% |
| TD Power Systems Ltd. | 1.72% | 1.15% | -0.57% |
| Deepak Fertilisers And Petrochemicals Corporation Ltd. | 0.56% | 0.00% | -0.56% |
| SJS Enterprises Ltd. | 1.52% | 1.04% | -0.48% |
| Manappuram Finance Ltd. | 1.41% | 0.96% | -0.45% |
| Welspun Corp Ltd. | 2.38% | 1.93% | -0.45% |
| Kirloskar Oil Engines Ltd. | 1.07% | 1.50% | +0.43% |
| Lenskart Solutions Ltd. | 2.00% | 2.40% | +0.40% |
| Acutaas Chemicals Ltd. | 0.98% | 1.32% | +0.34% |
| Sudeep Pharma Ltd. | 0.64% | 0.98% | +0.34% |
| Netweb Technologies India Ltd. | 0.98% | 1.31% | +0.33% |
| SPR Auto Technologies Ltd. | 1.28% | 0.95% | -0.33% |
| Granules India Ltd. | 1.11% | 1.44% | +0.33% |
| Sky Gold And Diamonds Ltd. | 2.07% | 1.74% | -0.33% |
| Laurus Labs Ltd. | 1.49% | 1.81% | +0.32% |
| The Federal Bank Ltd. | 1.51% | 1.19% | -0.32% |
| Aster DM Quality Care Ltd. | 1.32% | 1.64% | +0.32% |
| Clean Max Enviro Energy Solutions Ltd. | 1.09% | 1.40% | +0.31% |
| Hindustan Copper Ltd. | 1.45% | 1.16% | -0.29% |
| Cemindia Projects Ltd. | 0.84% | 1.13% | +0.29% |
| Shilpa Medicare Ltd. | 1.27% | 0.99% | -0.28% |
| Karur Vysya Bank Ltd. | 2.38% | 2.12% | -0.26% |
| Neuland Laboratories Ltd. | 1.44% | 1.19% | -0.25% |
| Aditya Infotech Ltd. | 1.16% | 0.91% | -0.25% |
| VA Tech Wabag Ltd. | 1.71% | 1.95% | +0.24% |
| Nippon Life India Asset Management Ltd. | 1.22% | 0.99% | -0.23% |
| Zen Technologies Ltd. | 1.15% | 0.92% | -0.23% |
| Physicswallah Ltd. | 1.09% | 0.88% | -0.21% |
| Paras Defence And Space Technologies Ltd. | 0.76% | 0.97% | +0.21% |
| PTC Industries Ltd. | 0.87% | 1.07% | +0.20% |
| Senores Pharmaceuticals Ltd. | 1.44% | 1.24% | -0.20% |
| CarTrade Tech Ltd. | 1.27% | 1.46% | +0.19% |
| PNB Housing Finance Ltd. | 1.46% | 1.27% | -0.19% |
| Paradeep Phosphates Ltd. | 1.07% | 0.91% | -0.16% |
| Sona BLW Precision Forgings Ltd. | 1.78% | 1.63% | -0.15% |
| Honasa Consumer Ltd. | 1.53% | 1.39% | -0.14% |
| Anand Rathi Wealth Ltd. | 0.98% | 0.84% | -0.14% |
| BlueStone Jewellery and Lifestyle Ltd. | 0.97% | 0.83% | -0.14% |
| Aeroflex Industries Ltd. | 1.37% | 1.24% | -0.13% |
| WeWork India Management Ltd. | 0.93% | 0.80% | -0.13% |
| Diamond Power Infrastructure Ltd. | 1.30% | 1.18% | -0.12% |
| Shadowfax Technologies Ltd. | 2.01% | 2.13% | +0.12% |
| Syrma SGS Technology Ltd. | 1.16% | 1.28% | +0.12% |
| Dhoot Transmission Ltd. | 1.18% | 1.06% | -0.12% |
| Multi Commodity Exchange Of India Ltd. | 2.01% | 2.12% | +0.11% |
| Sai Life Sciences Ltd. | 1.48% | 1.37% | -0.11% |
| Avalon Technologies Ltd. | 1.24% | 1.34% | +0.10% |
| City Union Bank Ltd. | 1.51% | 1.61% | +0.10% |
| Inox India Ltd. | 1.45% | 1.55% | +0.10% |
| Privi Speciality Chemicals Ltd. | 0.99% | 0.90% | -0.09% |
| Sansera Engineering Ltd. | 2.22% | 2.16% | -0.06% |
| MTAR Technologies Ltd. | 0.94% | 0.88% | -0.06% |
| Navin Fluorine International Ltd. | 1.84% | 1.79% | -0.05% |
| Shaily Engineering Plastics Ltd. | 1.32% | 1.29% | -0.03% |
| Dixon Technologies (India) Ltd. | 1.73% | 1.75% | +0.02% |
| Data Patterns (India) Ltd. | 1.21% | 1.22% | +0.01% |
| Radico Khaitan Ltd. | 1.57% | 1.57% | 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 | ₹12,980 Cr | 2.04% | 22.0% | 13.6% | 19.5% |
 Bandhan Small Cap Fund | ₹35,856 Cr | 1.73% | 11.0% | 11.3% | 19.5% |
 Invesco India Small Cap Fund | ₹16,321 Cr | 1.83% | 24.4% | 15.3% | 20.0% |
 Mahindra Manulife Small Cap Fund | ₹5,373 Cr | 2.17% | 21.8% | 12.1% | — |
 Bank of India Small Cap Fund | ₹3,685 Cr | 2.25% | 31.1% | 15.8% | 18.8% |
 ITI Small Cap Fund | ₹3,666 Cr | 2.20% | 21.6% | 13.7% | 19.6% |
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 months12.12% absolute | ₹60,000 | ₹67,272 | 12.12% | |
| 1 year21.15% annualised | ₹1,20,000 | ₹1,34,676 | 12.23% |
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 ₹13.23 as on 9 Nov 2026.
What is the expense ratio of TRUSTMF Small Cap Fund?
The expense ratio of TRUSTMF Small Cap Fund is 2.84% 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 ₹7,445 Cr under management.