ITI Flexi Cap Fund vs TRUSTMF Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Flexi Cap Fund and TRUSTMF Flexi Cap Fund are both Flexi Cap funds. In the year to 30-10-2026, ITI Flexi Cap Fund (Direct) returned 6.4% and TRUSTMF Flexi Cap Fund (Direct) returned 3.6%. ITI Flexi Cap Fund charges 0.88% a year and TRUSTMF Flexi Cap Fund 1.74% (Direct plans). Their portfolios overlap 32.0%: they hold 24 of the same securities.
TRUSTMF Flexi Cap Fund
Flexi Cap
- 1 year return
- 3.6%
- Expense ratio
- 1.74%
- NAV
- ₹12.34
Which is better, ITI Flexi Cap or TRUSTMF Flexi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ITI Flexi Cap returned more over 1 year: 6.4% against 3.6%.
- ITI Flexi Cap costs less: 0.88% a year against 1.74% (Direct plans).
- TRUSTMF Flexi Cap fell less in its worst fall since 29-04-2024: −18.9% against −21.4%.
- ITI Flexi Cap is the larger fund: ₹1,588 Cr against ₹1,006 Cr.
- Their portfolios overlap 32.0%: 24 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 | ITI Flexi Cap Fund | TRUSTMF Flexi Cap Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | Trust Mutual Fund |
| Category | Flexi Cap | Flexi Cap |
| AUM | ₹1,588 Cr (30-09-2026) | ₹1,006 Cr (30-09-2026) |
| NAV | ₹20.35 (Direct) | ₹12.34 (Direct) |
| Expense ratio (Direct) | 0.88% | 1.74% |
| Expense ratio (Regular) | 2.32% | 3.19% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 17-02-2023 | 26-04-2024 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Dhimant Shah, Nilay Dalal | Mihir Vora, Aakash Manghani |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | 1% - If redeemed/switched out within 180 days from the date of allotment. Nil - if redeemed/switched out after 180 days from the date of allotment. |
ITI Flexi Cap vs TRUSTMF Flexi 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 |
|---|---|---|---|---|---|---|---|
| ITI Flexi Cap Fund (Direct) | −1.70% | −0.27% | +7.12% | +6.40% | +18.32% | -- | -- |
| TRUSTMF Flexi Cap Fund (Direct) | −0.96% | −0.24% | +7.40% | +3.61% | -- | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | -- | -- | -- |
Category average: the average of the 46 Flexi Cap funds, same plan type.
ITI Flexi Cap vs TRUSTMF Flexi Cap: Year-wise Returns
| Year | ITIITI Flexi Cap | TRUSTMFTRUSTMF Flexi Cap | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | +5.44% | +3.78% | −7.51% |
| 2025 | +4.71% | −2.46% | +7.76% |
| 2024 | +28.10% | -- | +16.24% |
ITI Flexi Cap vs TRUSTMF Flexi Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 372 of them, one for each trading day from 29-04-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
ITI Flexi Cap Fund (Direct)
TRUSTMF Flexi Cap Fund (Direct)
Nifty 500 TRI
to
Jun 2025Sept 2024
to
Sept 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ITI Flexi Cap | 13.7 | 25.5 | 29.8 | 20.2 | 9.4 | 1.3 | 0.0 | 7.1% | 7.1% | −6.1% | 22.3% | 69% |
| TRUSTMF Flexi Cap | 18.3 | 37.1 | 28.8 | 15.3 | 0.5 | 0.0 | 0.0 | 4.5% | 4.3% | −6.0% | 17.7% | 66% |
| Nifty 500 TRI | 28.0 | 32.3 | 30.9 | 7.3 | 1.6 | 0.0 | 0.0 | 3.4% | 3.1% | −9.0% | 15.9% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 29-04-2024. Past returns do not promise future returns.
ITI Flexi Cap vs TRUSTMF Flexi Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-04-2024 to 30-10-2026: 31 instalments, ₹3,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ITI Flexi CapITI Flexi Cap Fund (Direct) | ₹3,10,000 | ₹3,44,282 | ₹34,282 | 8.1% |
| TRUSTMF Flexi CapTRUSTMF Flexi Cap Fund (Direct) | ₹3,10,000 | ₹3,34,303 | ₹24,303 | 5.8% |
ITI Flexi CapITI Flexi Cap Fund (Direct)
TRUSTMF Flexi CapTRUSTMF Flexi Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
ITI Flexi Cap vs TRUSTMF Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ITI Flexi Cap Fund (Direct) | TRUSTMF Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.40% | +3.61% |
| Standard deviation | 15.44% | 14.62% |
| Sharpe ratio | 0.07 | -0.11 |
| Sortino ratio | 0.10 | -0.15 |
| Maximum drawdown | −13.0% (31-03-2026) | −13.8% (30-03-2026) |
| Beta | 1.03 | 0.95 |
| Alpha | +14.15% | +10.38% |
From daily NAVs, 30-10-2025 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.
| Measure | ITI Flexi Cap Fund (Direct) | TRUSTMF Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.51% | +8.68% |
| Standard deviation | 15.22% | 15.77% |
| Sharpe ratio | 1.01 | 0.18 |
| Sortino ratio | 1.36 | 0.24 |
| Maximum drawdown | −21.4% (28-02-2025) | −18.9% (07-04-2025) |
| Beta | 1.07 | 1.01 |
| Alpha | +8.54% | +5.95% |
From daily NAVs, 22-02-2023 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.
ITI Flexi Cap Fund (Direct)
TRUSTMF Flexi Cap Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ITI Flexi Cap Fund (Direct) | −21.4% | 23-09-2024 | 28-02-2025 | 12-06-2026 | 15 months | −5.0% |
| TRUSTMF Flexi Cap Fund (Direct) | −18.9% | 16-12-2024 | 07-04-2025 | 31-07-2026 | 16 months | −5.8% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 29-04-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ITI Flexi Cap Fund (Direct)
TRUSTMF Flexi Cap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ITI Flexi Cap Fund (Direct) | 128% | 98% | 6.27% |
| TRUSTMF Flexi Cap Fund (Direct) | 113% | 85% | 6.89% |
From month-end values since 29-04-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
ITI Flexi Cap vs TRUSTMF Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Flexi Cap Fund, September 2026; TRUSTMF Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 32.0%
- Held by both
- 24
- Only in ITI Flexi Cap
- 58
- Only in TRUSTMF Flexi Cap
- 35
| Security | % of ITI Flexi Cap | % of TRUSTMF Flexi Cap |
|---|---|---|
| ICICI Bank Limited | 4.61% | 6.17% |
| Bharti Airtel Limited | 2.27% | 3.56% |
| Larsen & Toubro Limited | 2.07% | 2.24% |
| State Bank of India | 2.06% | 2.03% |
| Axis Bank Limited | 1.73% | 1.98% |
| Kotak Mahindra Bank Limited | 1.57% | 3.10% |
| HDFC Bank Limited | 3.56% | 1.52% |
| Multi Commodity Exchange of India Limited | 1.49% | 1.98% |
| Jyoti CNC Automation Ltd | 1.31% | 1.37% |
| Eternal Limited | 1.19% | 3.53% |
| Navin Fluorine International Limited | 1.43% | 1.15% |
| Hindustan Copper Limited | 1.05% | 1.22% |
| TVS Motor Company Limited | 1.11% | 1.03% |
| Divi's Laboratories Limited | 1.68% | 0.97% |
| Shriram Finance Limited | 0.97% | 2.18% |
| Dixon Technologies (India) Limited | 0.97% | 2.28% |
| Bajaj Finance Limited | 0.94% | 2.44% |
| Titan Company Limited | 0.93% | 3.27% |
| The Federal Bank Limited | 0.88% | 1.22% |
| Bharat Electronics Limited | 0.85% | 1.40% |
| Tata Motors Ltd | 0.77% | 0.99% |
| Mahindra & Mahindra Limited | 0.67% | 1.00% |
| Diamond Power Infra Limited | 0.61% | 0.92% |
| Cemindia Projects Ltd | 0.87% | 0.47% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.0% means 32.0% 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 ITI Flexi Cap Fund
| Security | % of fund |
|---|---|
| Reliance Industries Limited | 3.48% |
| Aditya Infotech Limited | 2.62% |
| Ather Energy Limited | 1.82% |
| Apar Industries Limited | 1.74% |
| VA Tech Wabag Limited | 1.72% |
Largest holdings only in TRUSTMF Flexi Cap Fund
| Security | % of fund |
|---|---|
| Lenskart Solutions Limited | 2.37% |
| Milky Mist Dairy Food Limited | 2.27% |
| Coal India Limited | 1.72% |
| Augmont Enterprises Limited | 1.71% |
| Hindustan Zinc Limited | 1.70% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Flexi Cap | TRUSTMF Flexi Cap |
|---|---|---|
| Equity | 94.0% | 92.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 6.0% | 7.7% |
Market cap of stocks
| Market cap | ITI Flexi Cap | TRUSTMF Flexi Cap |
|---|---|---|
| Large Cap | 44.7% | 48.2% |
| Mid Cap | 15.5% | 19.7% |
| Small Cap | 29.2% | 19.1% |
| Not on AMFI's list | 4.7% | 5.3% |
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 | ITI Flexi Cap | TRUSTMF Flexi Cap |
|---|---|---|
| Banks | 15.9% | 17.3% |
| Consumer Durables | 3.0% | 9.3% |
| Aerospace & Defense | 0.8% | 8.0% |
| Pharmaceuticals & Biotechnology | 7.5% | 5.6% |
| Retailing | 1.6% | 6.9% |
| Finance | 3.4% | 6.3% |
| Industrial Products | 5.8% | 0.0% |
| Non - Ferrous Metals | 2.3% | 5.6% |
| Auto Components | 5.6% | 2.5% |
| Automobiles | 4.4% | 2.0% |
| Chemicals & Petrochemicals | 4.3% | 1.1% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Flexi Cap vs TRUSTMF Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Flexi Cap Fund | TRUSTMF Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.88% | 1.74% |
| Base expense ratio (Direct) | 0.53% | 0.64% |
| Total expense ratio (Regular) | 2.32% | 3.19% |
| Base expense ratio (Regular) | 1.81% | 1.91% |
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 ITI Flexi Cap with
ITI Flexi Cap Fund vs TRUSTMF Flexi Cap Fund: Frequently Asked Questions
What is the difference between ITI Flexi Cap Fund and TRUSTMF Flexi Cap Fund?
Both are Flexi Cap funds, run by ITI Mutual Fund and Trust Mutual Fund. Their portfolios overlap 32.0%. ITI Flexi Cap Fund charges 0.88% a year and TRUSTMF Flexi Cap Fund 1.74%.
Which has given higher returns, ITI Flexi Cap Fund or TRUSTMF Flexi Cap Fund?
Over 1 year: ITI Flexi Cap Fund +6.40%, TRUSTMF Flexi Cap Fund +3.61%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ITI Flexi Cap Fund or TRUSTMF Flexi Cap Fund?
ITI Flexi Cap Fund charges less: 0.88% a year against 1.74%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Flexi Cap Fund and TRUSTMF Flexi Cap Fund overlap?
32.0%. They hold 24 of the same securities, the largest shared ones being ICICIBANK, BHARTIARTL, LT. From each fund's latest monthly portfolio.
Which is riskier, ITI Flexi Cap Fund or TRUSTMF Flexi Cap Fund?
On SEBI's riskometer, ITI Flexi Cap Fund is rated Very High and TRUSTMF Flexi Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 15.44% and 14.62% a year.
Can I invest in both ITI Flexi Cap Fund and TRUSTMF Flexi Cap Fund?
Yes. 32.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ITI Flexi Cap Fund and TRUSTMF Flexi Cap Fund?
ITI Flexi Cap Fund: Dhimant Shah, Nilay Dalal. TRUSTMF Flexi Cap Fund: Mihir Vora, Aakash Manghani.
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.