EquityMid Cap FundDirectGrowthVery High

TRUSTMF Mid Cap Fund

Q: What is the NAV of TRUSTMF Mid Cap Fund?

As of 20 Aug 2026, the NAV of TRUSTMF Mid Cap Fund is ₹12.50 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has TRUSTMF Mid Cap Fund delivered?

TRUSTMF Mid Cap Fund has returned +24.88% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of TRUSTMF Mid Cap Fund?

TRUSTMF Mid Cap Fund charges an expense ratio of 1.99% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of TRUSTMF Mid Cap Fund?

Its largest holdings are Lenskart Solutions Ltd. (3.2%), The Federal Bank Ltd (3.1%), Multi Commodity Exchange Of India Ltd (3.0%), BSE Ltd (2.6%) and Dixon Technologies (India) Ltd (2.5%). Holdings are disclosed monthly and change over time.

Q: How risky is TRUSTMF Mid Cap Fund?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.1% and its worst peak-to-trough fall in our sample was -3.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of TRUSTMF Mid Cap Fund?

TRUSTMF Mid Cap Fund is benchmarked against the NIFTY Midcap 150 Total Return Index. Its alpha and beta on this page are measured against that index.

Q: Who manages TRUSTMF Mid Cap Fund?

TRUSTMF Mid Cap Fund is managed by Aakash Manghani, Mihir Vora and Saurabh Kataria at Trust.

Q: How is TRUSTMF Mid Cap Fund taxed?

TRUSTMF Mid Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Trust Mutual Fund · Best Mid Cap Mutual Funds

This is the Direct plan of TRUSTMF Mid Cap Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

NAV

₹12.50

+0.64% 1D

as of 20 Aug 2026

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Performance

+24.88%absolute

52-week rangePrev NAV ₹12.42

Latest ₹12.50

Low ₹9.80100th percentile of its 52-week rangeHigh ₹12.50

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough Mid Cap Fund peers to rank yet

RiskLow

Volatility 13.1% vs 16.4% category avg

CostHigh

2.0% expense vs 1.0% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Less volatile than its Mid Cap Fund peers (13.1% vs 16.4%)

Concerns

High expense ratio (1.99%) vs the Mid Cap Fund average of 1.02%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 1.02%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

Category 33.26

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.78

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

24 Mar 2026

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+5.66%

Absolute return over the last 3 months (not annualized)

+12.21%

Absolute return over the last 6 months (not annualized)

—

Absolute return since 1 Jan of this year (not annualized)

+24.88%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the fund's inception

+24.88%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

13.09%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-3.05%

Benchmark ratios (vs Nifty Midcap 150 · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Midcap 150

—

Sensitivity to Nifty Midcap 150 moves; 1 = moves with the index

—

How much of the fund's movement Nifty Midcap 150 explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty Midcap 150 price index — the closest match to this fund's mandate. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Mid Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	+5.66%	+2.69%	+2.97%
3M abs	+12.21%	+7.16%	+5.05%
6M abs	—	+9.97%	—
1Y CAGR	—	+10.08%	—
3Y CAGR	—	+19.86%	—
5Y CAGR	—	+17.89%	—

Category average across peers in Mid Cap Fund (up to 33 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹40.00K

Current value

₹42.60K

Absolute

+6.50%

XIRR

+61.87%

Value vs. invested

4 monthly installments of ₹10,000 into TRUSTMF Mid Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

101

Expense ratio

AUM

Portfolio turnover

Exit load

P/E ratio

P/B ratio

Avg market cap

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Mid Cap Fund

Compare all


TRUSTMF Mid Cap FundThis fund Trust	—	—	—	—	44.73	1.99%	₹221.86Cr
HSBC Midcap Fund HSBC	★★★★☆	+21.43%	+26.45%	—	42.17	1.20%	₹13,701Cr
Invesco India Midcap Fund Invesco	★★★★☆	+9.98%	+26.16%	+21.93%	41.65	0.77%	₹12,160Cr
WhiteOak Capital Mid Cap Fund WhiteOak Capital	★★★★★	+16.61%	+24.58%	—	29.92	0.98%	₹5,514Cr
ICICI Prudential MidCap Fund ICICI Prudential	★★★☆☆	+16.71%	+24.41%	+19.53%	34.66	1.11%	₹7,594Cr
Edelweiss Mid Cap Fund Edelweiss	★★★★★	+9.90%	+23.90%	+20.76%	31.25	0.72%	₹16,310Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap18.2%
Mid cap59.3%
Small cap22.4%

🚩Holdings under NSE surveillance (ASM)

6 holdings — 4.84% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Kirloskar Oil Engines LimitedLong-term · Stage I1.55%
Shadowfax Technologies LimitedLong-term · Stage I0.85%
Rubicon Research LimitedLong-term · Stage I0.84%
Sansera Engineering LimitedLong-term · Stage I0.74%
Apollo Micro Systems LimitedLong-term · Stage I0.44%
Paras Defence and Space Technologies LimitedLong-term · Stage I0.42%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Fund size over time

Quarterly average AUM · AMFI

₹221.86Cr

April - June 2026

+995%

since January - March 2026

At or near its largest, ₹221.86Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Trust in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Mid Cap funds

Mid cap funds invest in the 101st–250th largest companies. They can grow faster than large caps but fall harder in downturns — a higher-risk, higher-reward slice of the market.

Frequently asked questions

What is the NAV of TRUSTMF Mid Cap Fund?

As of 20 Aug 2026, the NAV of TRUSTMF Mid Cap Fund is ₹12.50 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has TRUSTMF Mid Cap Fund delivered?

TRUSTMF Mid Cap Fund has returned +24.88% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of TRUSTMF Mid Cap Fund?

TRUSTMF Mid Cap Fund charges an expense ratio of 1.99% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of TRUSTMF Mid Cap Fund?

Its largest holdings are Lenskart Solutions Ltd. (3.2%), The Federal Bank Ltd (3.1%), Multi Commodity Exchange Of India Ltd (3.0%), BSE Ltd (2.6%) and Dixon Technologies (India) Ltd (2.5%). Holdings are disclosed monthly and change over time.

How risky is TRUSTMF Mid Cap Fund?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.1% and its worst peak-to-trough fall in our sample was -3.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of TRUSTMF Mid Cap Fund?

TRUSTMF Mid Cap Fund is benchmarked against the NIFTY Midcap 150 Total Return Index. Its alpha and beta on this page are measured against that index.

Who manages TRUSTMF Mid Cap Fund?

TRUSTMF Mid Cap Fund is managed by Aakash Manghani, Mihir Vora and Saurabh Kataria at Trust.

How is TRUSTMF Mid Cap Fund taxed?

TRUSTMF Mid Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.