JM Multi Asset Allocation Fund vs TRUSTMF Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
JM Multi Asset Allocation Fund is a Multi Asset fund and TRUSTMF Flexi Cap Fund is a Flexi Cap fund. JM Multi Asset Allocation Fund charges 1.05% a year and TRUSTMF Flexi Cap Fund 1.74% (Direct plans). Their portfolios overlap 17.1%: they hold 13 of the same securities.
JM Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 1.05%
- NAV
- ₹9.75
Which is better, JM Multi Asset Allocation 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.
- JM Multi Asset Allocation costs less: 1.05% a year against 1.74% (Direct plans).
- TRUSTMF Flexi Cap fell less in its worst fall since 20-07-2026: −8.7% against −8.8%.
- TRUSTMF Flexi Cap holds more in large companies: 48.2% of the fund in large caps against 17.0%.
- TRUSTMF Flexi Cap is the larger fund: ₹1,006 Cr against ₹167 Cr.
- Their portfolios overlap 17.1%: 13 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 | JM Multi Asset Allocation Fund | TRUSTMF Flexi Cap Fund |
|---|---|---|
| Fund house | JM Financial Mutual Fund | Trust Mutual Fund |
| Category | Multi Asset | Flexi Cap |
| AUM | ₹167 Cr (30-09-2026) | ₹1,006 Cr (30-09-2026) |
| NAV | ₹9.75 (Direct) | ₹12.34 (Direct) |
| Expense ratio (Direct) | 1.05% | 1.74% |
| Expense ratio (Regular) | 2.73% | 3.19% |
| Riskometer | Very High | Very High |
| Benchmark | 55% Nifty 500 + 30% CRISIL Short term bond Index + 10% Domestic Price of Gold + 5% Domestic Price of silver | Nifty 500 TRI |
| Launch date | 15-07-2026 | 26-04-2024 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Asit Bhandarkar, Deepak Gupta, Killol Pandya, Satish Ramanathan | Mihir Vora, Aakash Manghani |
| Exit load | In respect of each purchase/ switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 60 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 60 days from the date of allotment. | 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. |
JM Multi Asset Allocation 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 |
|---|---|---|---|---|---|---|---|
| JM Multi Asset Allocation Fund (Direct) | −3.19% | −3.00% | -- | -- | -- | -- | -- |
| TRUSTMF Flexi Cap Fund (Direct) | −0.96% | −0.24% | +7.40% | +3.61% | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | -- | -- | -- | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | -- | -- | -- |
Category average: the average of the 37 Multi Asset funds and the 46 Flexi Cap funds, same plan type.
JM Multi Asset Allocation vs TRUSTMF Flexi Cap: Year-wise Returns
| Year | JM Multi Asset AllocationJM Multi Asset Allocation | TRUSTMF Flexi CapTRUSTMF Flexi Cap |
|---|---|---|
| 2026to date | -- | +3.78% |
| 2025 | -- | −2.46% |
JM Multi Asset Allocation vs TRUSTMF Flexi Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of TRUSTMF Flexi Cap Fund
JM Multi Asset Allocation vs TRUSTMF Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JM Multi Asset Allocation Fund (Direct) | TRUSTMF Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.20% | +8.68% |
| Standard deviation | 10.24% | 15.77% |
| Sharpe ratio | -1.31 | 0.18 |
| Sortino ratio | -1.63 | 0.24 |
| Maximum drawdown | −8.8% (23-10-2026) | −18.9% (07-04-2025) |
| Beta | -- | 1.01 |
| Alpha | -- | +5.95% |
From daily NAVs, 20-07-2026 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.
JM Multi Asset Allocation 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 |
|---|---|---|---|---|---|---|
| JM Multi Asset Allocation Fund (Direct) | −8.8% | 26-08-2026 | 23-10-2026 | Not yet | -- | −7.3% |
| TRUSTMF Flexi Cap Fund (Direct) | −8.7% | 26-08-2026 | 23-10-2026 | Not yet | -- | −5.8% |
| Nifty 500 TRI | −9.9% | 03-08-2026 | 23-10-2026 | Not yet | -- | −7.9% |
From daily values since 20-07-2026, the first day every fund has.
JM Multi Asset Allocation vs TRUSTMF Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: JM Multi Asset Allocation Fund, September 2026; TRUSTMF Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 17.1%
- Held by both
- 13
- Only in JM Multi Asset Allocation
- 40
- Only in TRUSTMF Flexi Cap
- 46
| Security | % of JM Multi Asset Allocation | % of TRUSTMF Flexi Cap |
|---|---|---|
| Larsen & Toubro Limited | 1.89% | 2.24% |
| Bajaj Finance Limited | 1.84% | 2.44% |
| Eternal Limited | 1.63% | 3.53% |
| HDFC Bank Limited | 1.91% | 1.52% |
| Titan Company Limited | 1.47% | 3.27% |
| Shriram Finance Limited | 1.42% | 2.18% |
| Samvardhana Motherson International Ltd | 1.41% | 1.68% |
| Navin Fluorine International Limited | 1.07% | 1.15% |
| Gaja Alternative AMC Limited | 1.05% | 1.33% |
| One 97 Communications Limited | 2.07% | 1.02% |
| Honasa Consumer Limited | 1.32% | 0.97% |
| Diamond Power Infrastructure Limited | 1.46% | 0.92% |
| One Source Specialty Pharma Ltd | 1.33% | 0.91% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.1% means 17.1% 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 JM Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Tata Gold Exchange Traded Fund | 6.84% |
| DSP Mutual Fund - DSP Gold ETF | 4.35% |
| 8.75% Piramal Finance Ltd 29-OCT-2027 | 2.99% |
| 7.23% Power Finance Corporation Limited 05-JAN-2027 | 2.99% |
| Bank of Baroda 11-DEC-2026 | 2.96% |
Largest holdings only in TRUSTMF Flexi Cap Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 6.17% |
| Bharti Airtel Limited | 3.56% |
| Kotak Mahindra Bank Limited | 3.10% |
| Lenskart Solutions Limited | 2.37% |
| Dixon Technologies (India) Limited | 2.28% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JM Multi Asset Allocation | TRUSTMF Flexi Cap |
|---|---|---|
| Equity | 49.3% | 92.3% |
| Debt | 29.0% | 0.0% |
| Cash and others | 21.7% | 7.7% |
Market cap of stocks
| Market cap | JM Multi Asset Allocation | TRUSTMF Flexi Cap |
|---|---|---|
| Large Cap | 17.0% | 48.2% |
| Mid Cap | 10.5% | 19.7% |
| Small Cap | 16.1% | 19.1% |
| Not on AMFI's list | 5.8% | 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 | JM Multi Asset Allocation | TRUSTMF Flexi Cap |
|---|---|---|
| Banks | 6.1% | 17.3% |
| Consumer Durables | 3.1% | 9.3% |
| Aerospace & Defense | 0.0% | 8.0% |
| Retailing | 3.0% | 6.9% |
| Finance | 3.3% | 6.3% |
| Non - Ferrous Metals | 0.0% | 5.6% |
| Capital Markets | 3.2% | 4.2% |
| Electrical Equipment | 3.8% | 1.9% |
| Auto Components | 3.7% | 2.5% |
The six largest sectors of each fund's stocks, % of the fund.
JM Multi Asset Allocation vs TRUSTMF Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JM Multi Asset Allocation Fund | TRUSTMF Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.05% | 1.74% |
| Base expense ratio (Direct) | 0.40% | 0.64% |
| Total expense ratio (Regular) | 2.73% | 3.19% |
| Base expense ratio (Regular) | 1.82% | 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.
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JM Multi Asset Allocation Fund vs TRUSTMF Flexi Cap Fund: Frequently Asked Questions
What is the difference between JM Multi Asset Allocation Fund and TRUSTMF Flexi Cap Fund?
JM Multi Asset Allocation Fund is a Multi Asset fund, TRUSTMF Flexi Cap Fund is a Flexi Cap fund, run by JM Financial Mutual Fund and Trust Mutual Fund. Their portfolios overlap 17.1%. JM Multi Asset Allocation Fund charges 1.05% a year and TRUSTMF Flexi Cap Fund 1.74%.
Which has the lower expense ratio, JM Multi Asset Allocation Fund or TRUSTMF Flexi Cap Fund?
JM Multi Asset Allocation Fund charges less: 1.05% a year against 1.74%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JM Multi Asset Allocation Fund and TRUSTMF Flexi Cap Fund overlap?
17.1%. They hold 13 of the same securities, the largest shared ones being LT, BAJFINANCE, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, JM Multi Asset Allocation Fund or TRUSTMF Flexi Cap Fund?
On SEBI's riskometer, JM Multi Asset Allocation Fund is rated Very High and TRUSTMF Flexi Cap Fund Very High. Over their common history, the standard deviation of daily returns was 10.24% and 15.77% a year.
Can I invest in both JM Multi Asset Allocation Fund and TRUSTMF Flexi Cap Fund?
Yes. 17.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages JM Multi Asset Allocation Fund and TRUSTMF Flexi Cap Fund?
JM Multi Asset Allocation Fund: Asit Bhandarkar, Deepak Gupta, Killol Pandya, Satish Ramanathan. 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.