Invesco India Mid cap Fund vs TRUSTMF Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Mid cap Fund and TRUSTMF Mid Cap Fund are both Mid Cap funds. Invesco India Mid cap Fund charges 0.77% a year and TRUSTMF Mid Cap Fund 1.91% (Direct plans). Their portfolios overlap 12.9%: they hold 9 of the same securities.
Which is better, Invesco India Mid cap or TRUSTMF Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Invesco India Mid cap costs less: 0.77% a year against 1.91% (Direct plans).
- TRUSTMF Mid Cap fell less in its worst fall since 24-03-2026: −12.0% against −12.5%.
- Invesco India Mid cap holds more in large companies: 15.3% of the fund in large caps against 5.2%.
- Invesco India Mid cap is the larger fund: ₹15,749 Cr against ₹687 Cr.
- Their portfolios overlap 12.9%: 9 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Invesco India Mid cap Fund | TRUSTMF Mid Cap Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | Trust Mutual Fund |
| Category | Mid Cap | Mid Cap |
| AUM | ₹15,749 Cr (30-09-2026) | ₹687 Cr (30-09-2026) |
| NAV | ₹223.87 (Direct) | ₹11.46 (Direct) |
| Expense ratio (Direct) | 0.77% | 1.91% |
| Expense ratio (Regular) | 1.87% | 3.55% |
| Riskometer | Very High | Not available |
| Benchmark | BSE Midcap 150 TRI | Not available |
| Launch date | 19-04-2007 | Not available |
| Minimum investment | Not available | Not available |
| Lock in | None | Not available |
| Fund managers | Aditya Khemani | Not available |
| Exit load | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year. | Not available |
Invesco India Mid cap vs TRUSTMF Mid Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Invesco India Mid cap Fund (Direct) | −3.23% | −6.81% | +3.14% | −0.48% | +21.77% | +17.38% | +18.35% |
| TRUSTMF Mid Cap Fund (Direct) | −2.72% | −3.54% | +6.80% | -- | -- | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | -- | -- | -- | -- |
Category average: the average of the 34 Mid Cap funds, same plan type.
Invesco India Mid cap vs TRUSTMF Mid Cap: Year-wise Returns
| Year | Invesco IndiaInvesco India Mid cap | TRUSTMFTRUSTMF Mid Cap |
|---|---|---|
| 2026to date | +1.00% | -- |
| 2025 | +7.61% | -- |
| 2024 | +44.96% | -- |
| 2023 | +35.85% | -- |
| 2022 | +1.98% | -- |
| 2021 | +45.24% | -- |
Invesco India Mid cap vs TRUSTMF Mid Cap: Rolling Returns
Every holding period of both funds, against BSE 150 MidCap Index TRI, the benchmark of Invesco India Mid cap Fund
Invesco India Mid cap vs TRUSTMF Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Mid cap Fund (Direct) | TRUSTMF Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +20.14% | +25.18% |
| Standard deviation | 15.93% | 14.73% |
| Sharpe ratio | 0.88 | 1.35 |
| Sortino ratio | 1.19 | 1.89 |
| Maximum drawdown | −34.1% (23-03-2020) | −12.0% (23-10-2026) |
| Beta | 0.91 | 0.85 |
| Alpha | +4.31% | +15.71% |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Invesco India Mid cap Fund (Direct)
TRUSTMF Mid Cap Fund (Direct)
BSE 150 MidCap Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Mid cap Fund (Direct) | −12.5% | 27-08-2026 | 23-10-2026 | Not yet | -- | −9.2% |
| TRUSTMF Mid Cap Fund (Direct) | −12.0% | 26-08-2026 | 23-10-2026 | Not yet | -- | −8.8% |
| BSE 150 MidCap Index TRI | −12.8% | 26-08-2026 | 23-10-2026 | Not yet | -- | −10.6% |
From daily values since 24-03-2026, the first day every fund has.
Invesco India Mid cap vs TRUSTMF Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Mid cap Fund, September 2026; TRUSTMF Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 12.9%
- Held by both
- 9
- Only in Invesco India Mid cap
- 34
- Only in TRUSTMF Mid Cap
- 55
| Security | % of Invesco India Mid cap | % of TRUSTMF Mid Cap |
|---|---|---|
| The Federal Bank Limited | 5.37% | 2.29% |
| AU Small Finance Bank Limited | 3.81% | 2.21% |
| FSN E-Commerce Ventures Limited | 2.04% | 1.69% |
| Eternal Limited | 4.14% | 1.47% |
| Swiggy Limited | 1.32% | 2.25% |
| Dixon Technologies (India) Limited | 1.29% | 3.57% |
| The Phoenix Mills Limited | 1.19% | 2.48% |
| JK Cement Limited | 2.90% | 0.87% |
| L&T Finance Limited | 3.91% | 0.60% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.9% means 12.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Invesco India Mid cap Fund
| Security | % of fund |
|---|---|
| Prestige Estates Projects Limited | 7.33% |
| Max Healthcare Institute Limited | 7.21% |
| Meesho Ltd | 5.42% |
| Manipal Health Enterprises Ltd | 4.44% |
| Global Health Limited | 3.97% |
Largest holdings only in TRUSTMF Mid Cap Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Limited | 4.01% |
| Lenskart Solutions Limited | 3.20% |
| Aurobindo Pharma Limited | 2.99% |
| Radico Khaitan Limited | 2.90% |
| Laurus Labs Limited | 2.71% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Mid cap | TRUSTMF Mid Cap |
|---|---|---|
| Equity | 98.7% | 94.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.3% | 5.8% |
Market cap of stocks
| Market cap | Invesco India Mid cap | TRUSTMF Mid Cap |
|---|---|---|
| Large Cap | 15.3% | 5.2% |
| Mid Cap | 61.0% | 66.4% |
| Small Cap | 17.9% | 19.9% |
| Not on AMFI's list | 4.6% | 2.7% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Invesco India Mid cap | TRUSTMF Mid Cap |
|---|---|---|
| Healthcare Services | 17.2% | 1.7% |
| Retailing | 14.7% | 10.2% |
| Banks | 12.7% | 6.6% |
| Realty | 9.0% | 3.5% |
| Pharmaceuticals & Biotechnology | 7.0% | 8.4% |
| Consumer Durables | 3.9% | 8.0% |
| Capital Markets | 4.2% | 6.4% |
| Aerospace & Defense | 0.0% | 5.9% |
| Auto Components | 5.0% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Mid cap vs TRUSTMF Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Mid cap Fund | TRUSTMF Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.77% | 1.91% |
| Base expense ratio (Direct) | 0.50% | 0.57% |
| Total expense ratio (Regular) | 1.87% | 3.55% |
| Base expense ratio (Regular) | 1.45% | 2.04% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Invesco India Mid cap with
Invesco India Mid cap Fund vs TRUSTMF Mid Cap Fund: Frequently Asked Questions
What is the difference between Invesco India Mid cap Fund and TRUSTMF Mid Cap Fund?
Both are Mid Cap funds, run by Invesco Mutual Fund and Trust Mutual Fund. Their portfolios overlap 12.9%. Invesco India Mid cap Fund charges 0.77% a year and TRUSTMF Mid Cap Fund 1.91%.
Which has the lower expense ratio, Invesco India Mid cap Fund or TRUSTMF Mid Cap Fund?
Invesco India Mid cap Fund charges less: 0.77% a year against 1.91%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Mid cap Fund and TRUSTMF Mid Cap Fund overlap?
12.9%. They hold 9 of the same securities, the largest shared ones being FEDERALBNK, AUBANK, NYKAA. From each fund's latest monthly portfolio.
Can I invest in both Invesco India Mid cap Fund and TRUSTMF Mid Cap Fund?
Yes. 12.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.