LIC MF Mid Cap Fund vs TRUSTMF Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Mid Cap Fund and TRUSTMF Mid Cap Fund are both Mid Cap funds. LIC MF Mid Cap Fund charges 1.99% a year and TRUSTMF Mid Cap Fund 1.91% (Direct plans). Their portfolios overlap 33.4%: they hold 20 of the same securities.
Which is better, LIC MF 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.
- TRUSTMF Mid Cap costs less: 1.91% a year against 1.99% (Direct plans).
- TRUSTMF Mid Cap fell less in its worst fall since 24-03-2026: −12.0% against −13.0%.
- TRUSTMF Mid Cap is the larger fund: ₹687 Cr against ₹369 Cr.
- Their portfolios overlap 33.4%: 20 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 | LIC MF Mid Cap Fund | TRUSTMF Mid Cap Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | Trust Mutual Fund |
| Category | Mid Cap | Mid Cap |
| AUM | ₹369 Cr (30-09-2026) | ₹687 Cr (30-09-2026) |
| NAV | ₹31.92 (Direct) | ₹11.46 (Direct) |
| Expense ratio (Direct) | 1.99% | 1.91% |
| Expense ratio (Regular) | 3.08% | 3.55% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Midcap 150 TRI | Not available |
| Launch date | 25-01-2017 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Sudhanshu Asthana | Not available |
| Exit load | Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment. | Not available |
LIC MF 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 |
|---|---|---|---|---|---|---|---|
| LIC MF Mid Cap Fund (Direct) | −4.94% | −6.90% | −1.22% | −3.88% | +13.70% | -- | -- |
| 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.
LIC MF Mid Cap vs TRUSTMF Mid Cap: Year-wise Returns
| Year | LIC MFLIC MF Mid Cap | TRUSTMFTRUSTMF Mid Cap | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −2.73% | -- | −4.97% |
| 2025 | −0.15% | -- | +5.98% |
| 2024 | +30.30% | -- | +24.46% |
LIC MF Mid Cap vs TRUSTMF Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
LIC MF 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 | LIC MF Mid Cap Fund (Direct) | TRUSTMF Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.52% | +25.18% |
| Standard deviation | 16.38% | 14.73% |
| Sharpe ratio | 0.45 | 1.35 |
| Sortino ratio | 0.61 | 1.89 |
| Maximum drawdown | −21.5% (07-04-2025) | −12.0% (23-10-2026) |
| Beta | 0.94 | 0.85 |
| Alpha | +0.27% | +15.71% |
From daily NAVs, 31-07-2023 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.
LIC MF Mid Cap Fund (Direct)
TRUSTMF Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Mid Cap Fund (Direct) | −13.0% | 28-08-2026 | 23-10-2026 | Not yet | -- | −11.1% |
| TRUSTMF Mid Cap Fund (Direct) | −12.0% | 26-08-2026 | 23-10-2026 | Not yet | -- | −8.8% |
| Nifty Midcap 150 TRI | −12.5% | 31-08-2026 | 23-10-2026 | Not yet | -- | −10.5% |
From daily values since 24-03-2026, the first day every fund has.
LIC MF Mid Cap vs TRUSTMF Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Mid Cap Fund, September 2026; TRUSTMF Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 33.4%
- Held by both
- 20
- Only in LIC MF Mid Cap
- 19
- Only in TRUSTMF Mid Cap
- 44
| Security | % of LIC MF Mid Cap | % of TRUSTMF Mid Cap |
|---|---|---|
| Aurobindo Pharma Ltd. | 3.72% | 2.99% |
| Multi Commodity Exchange Of India Ltd. | 2.74% | 4.01% |
| Lenskart Solutions Ltd. | 2.57% | 3.20% |
| AU Small Finance Bank Ltd. | 3.98% | 2.21% |
| One 97 Communications Ltd. | 2.86% | 2.19% |
| The Federal Bank Ltd. | 2.12% | 2.29% |
| Dixon Technologies (India) Ltd. | 1.92% | 3.57% |
| PB Fintech Ltd. | 1.80% | 1.87% |
| APL Apollo Tubes Ltd. | 1.92% | 1.71% |
| FSN E-Commerce Ventures Ltd. | 2.99% | 1.69% |
| Motilal Oswal Financial Services Ltd. | 2.95% | 1.66% |
| Info Edge (India) Ltd. | 2.92% | 1.58% |
| National Aluminium Company Ltd. | 1.44% | 1.42% |
| GE Vernova T&D India Limited | 2.03% | 1.22% |
| Aditya Birla Capital Ltd. | 2.79% | 1.12% |
| JSW Infrastructure Ltd. | 2.53% | 1.09% |
| Ashok Leyland Ltd. | 1.98% | 1.02% |
| UNO Minda Ltd. | 2.97% | 0.86% |
| INDO-MIM Ltd. | 3.89% | 0.78% |
| Aster DM Quality Care Ltd. | 2.84% | 0.74% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.4% means 33.4% 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 LIC MF Mid Cap Fund
| Security | % of fund |
|---|---|
| Neuland Laboratories Ltd. | 2.99% |
| Azad Engineering Ltd. | 2.81% |
| Coforge Ltd. | 2.80% |
| Persistent Systems Ltd. | 2.78% |
| Solar Industries India Ltd. | 2.67% |
Largest holdings only in TRUSTMF Mid Cap Fund
| Security | % of fund |
|---|---|
| Radico Khaitan Limited | 2.90% |
| Laurus Labs Limited | 2.71% |
| Kalyan Jewellers India Limited | 2.54% |
| The Phoenix Mills Limited | 2.48% |
| Swiggy Limited | 2.25% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Mid Cap | TRUSTMF Mid Cap |
|---|---|---|
| Equity | 94.5% | 94.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 5.5% | 5.8% |
Market cap of stocks
| Market cap | LIC MF Mid Cap | TRUSTMF Mid Cap |
|---|---|---|
| Large Cap | 2.7% | 5.2% |
| Mid Cap | 78.2% | 66.4% |
| Small Cap | 9.7% | 19.9% |
| Not on AMFI's list | 3.9% | 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 | LIC MF Mid Cap | TRUSTMF Mid Cap |
|---|---|---|
| Retailing | 8.5% | 10.2% |
| Capital Markets | 9.5% | 6.4% |
| Pharmaceuticals & Biotechnology | 8.5% | 8.4% |
| Banks | 8.3% | 6.6% |
| Consumer Durables | 1.9% | 8.0% |
| IT - Software | 7.4% | 0.0% |
| Electrical Equipment | 7.0% | 5.7% |
| Aerospace & Defense | 0.0% | 5.9% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Mid Cap vs TRUSTMF Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Mid Cap Fund | TRUSTMF Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.99% | 1.91% |
| Base expense ratio (Direct) | 1.15% | 0.57% |
| Total expense ratio (Regular) | 3.08% | 3.55% |
| Base expense ratio (Regular) | 2.10% | 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 LIC MF Mid Cap with
LIC MF Mid Cap Fund vs TRUSTMF Mid Cap Fund: Frequently Asked Questions
What is the difference between LIC MF Mid Cap Fund and TRUSTMF Mid Cap Fund?
Both are Mid Cap funds, run by LIC Mutual Fund and Trust Mutual Fund. Their portfolios overlap 33.4%. LIC MF Mid Cap Fund charges 1.99% a year and TRUSTMF Mid Cap Fund 1.91%.
Which has the lower expense ratio, LIC MF Mid Cap Fund or TRUSTMF Mid Cap Fund?
TRUSTMF Mid Cap Fund charges less: 1.91% a year against 1.99%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Mid Cap Fund and TRUSTMF Mid Cap Fund overlap?
33.4%. They hold 20 of the same securities, the largest shared ones being AUROPHARMA, MCX, LENSKART. From each fund's latest monthly portfolio.
Can I invest in both LIC MF Mid Cap Fund and TRUSTMF Mid Cap Fund?
Yes. 33.4% 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.