TRUSTMF Mid Cap Fund vs TRUSTMF Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
TRUSTMF Mid Cap Fund is a Mid Cap fund and TRUSTMF Small Cap Fund is a Small Cap fund. TRUSTMF Mid Cap Fund charges 1.91% a year and TRUSTMF Small Cap Fund 1.47% (Direct plans). Their portfolios overlap 33.1%: they hold 29 of the same securities.
Which is better, TRUSTMF Mid Cap or TRUSTMF Small 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 Small Cap costs less: 1.47% a year against 1.91% (Direct plans).
- TRUSTMF Small Cap fell less in its worst fall since 24-03-2026: −10.2% against −12.0%.
- TRUSTMF Small Cap is the larger fund: ₹3,877 Cr against ₹687 Cr.
- Their portfolios overlap 33.1%: 29 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 | TRUSTMF Mid Cap Fund | TRUSTMF Small Cap Fund |
|---|---|---|
| Fund house | Trust Mutual Fund | Trust Mutual Fund |
| Category | Mid Cap | Small Cap |
| AUM | ₹687 Cr (30-09-2026) | ₹3,877 Cr (30-09-2026) |
| NAV | ₹11.46 (Direct) | ₹13.33 (Direct) |
| Expense ratio (Direct) | 1.91% | 1.47% |
| Expense ratio (Regular) | 3.55% | 2.85% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Smallcap 250 TRI |
| Launch date | Not available | 04-11-2024 |
| Minimum investment | Not available | ₹1,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Mihir Vora, Aakash Manghani |
| Exit load | Not available | 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. |
TRUSTMF Mid Cap vs TRUSTMF Small 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 |
|---|---|---|---|---|---|---|---|
| TRUSTMF Mid Cap Fund (Direct) | −2.72% | −3.54% | +6.80% | -- | -- | -- | -- |
| TRUSTMF Small Cap Fund (Direct) | −3.27% | +1.83% | +14.62% | +19.98% | -- | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | -- | -- | -- | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | +3.00% | -- | -- | -- |
Category average: the average of the 34 Mid Cap funds and the 36 Small Cap funds, same plan type.
TRUSTMF Mid Cap vs TRUSTMF Small Cap: Year-wise Returns
| Year | MidTRUSTMF Mid Cap | SmallTRUSTMF Small Cap |
|---|---|---|
| 2026to date | -- | +22.18% |
| 2025 | -- | +1.11% |
TRUSTMF Mid Cap vs TRUSTMF Small Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of TRUSTMF Mid Cap Fund
TRUSTMF Mid Cap vs TRUSTMF Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | TRUSTMF Mid Cap Fund (Direct) | TRUSTMF Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +25.18% | +15.26% |
| Standard deviation | 14.73% | 18.55% |
| Sharpe ratio | 1.35 | 0.52 |
| Sortino ratio | 1.89 | 0.70 |
| Maximum drawdown | −12.0% (23-10-2026) | −24.0% (03-03-2025) |
| Beta | 0.85 | 0.92 |
| Alpha | +15.71% | +16.77% |
From daily NAVs, 24-03-2026 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.
TRUSTMF Mid Cap Fund (Direct)
TRUSTMF Small 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 |
|---|---|---|---|---|---|---|
| TRUSTMF Mid Cap Fund (Direct) | −12.0% | 26-08-2026 | 23-10-2026 | Not yet | -- | −8.8% |
| TRUSTMF Small Cap Fund (Direct) | −10.2% | 08-09-2026 | 23-10-2026 | Not yet | -- | −6.5% |
| 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.
TRUSTMF Mid Cap vs TRUSTMF Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: TRUSTMF Mid Cap Fund, September 2026; TRUSTMF Small Cap Fund, September 2026
Holdings in common
- Overlap
- 33.1%
- Held by both
- 29
- Only in TRUSTMF Mid Cap
- 35
- Only in TRUSTMF Small Cap
- 43
| Security | % of TRUSTMF Mid Cap | % of TRUSTMF Small Cap |
|---|---|---|
| Lenskart Solutions Limited | 3.20% | 2.40% |
| Multi Commodity Exchange of India Limited | 4.01% | 2.12% |
| Laurus Labs Limited | 2.71% | 1.81% |
| Dixon Technologies (India) Limited | 3.57% | 1.75% |
| Jyoti CNC Automation Ltd | 1.67% | 2.05% |
| Radico Khaitan Limited | 2.90% | 1.57% |
| RBL Bank Limited | 1.24% | 2.24% |
| Clean Max Enviro Energy Solutions Limited | 1.23% | 1.40% |
| Data Patterns (India) Limited | 1.55% | 1.22% |
| Kanohar Electricals Limited | 1.21% | 1.34% |
| The Federal Bank Limited | 2.29% | 1.19% |
| Hindustan Copper Limited | 1.78% | 1.16% |
| Senores Pharmaceuticals Limited | 1.16% | 1.24% |
| Sky Gold And Diamonds Limited | 1.10% | 1.74% |
| Eternal Limited | 1.47% | 1.00% |
| Ather Energy Limited | 1.00% | 1.40% |
| Paras Defence and Space Technologies Limited | 1.22% | 0.97% |
| Zen Technologies Limited | 0.96% | 0.92% |
| Piramal Finance Limited | 1.33% | 0.89% |
| One 97 Communications Limited | 2.19% | 0.88% |
| Cemindia Projects Ltd | 0.85% | 1.13% |
| Karur Vysya Bank Limited | 0.82% | 2.12% |
| Honasa Consumer Limited | 0.82% | 1.39% |
| Indo-MIM Limited | 0.78% | 1.07% |
| Aster DM Quality Care Limited | 0.74% | 1.64% |
| Shaily Engineering Plastics Limited | 0.74% | 1.29% |
| Navin Fluorine International Limited | 0.74% | 1.79% |
| Diamond Power Infra Limited | 0.55% | 1.18% |
| Sterlite Technologies Limited | 0.52% | 1.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.1% means 33.1% 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 TRUSTMF Mid Cap Fund
| Security | % of fund |
|---|---|
| Aurobindo Pharma Limited | 2.99% |
| Kalyan Jewellers India Limited | 2.54% |
| The Phoenix Mills Limited | 2.48% |
| Swiggy Limited | 2.25% |
| AU Small Finance Bank Limited | 2.21% |
Largest holdings only in TRUSTMF Small Cap Fund
| Security | % of fund |
|---|---|
| Sansera Engineering Limited | 2.16% |
| Shadowfax Technologies Limited | 2.13% |
| VA Tech Wabag Limited | 1.95% |
| Welspun Corp Limited | 1.93% |
| Redington Limited | 1.70% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | TRUSTMF Mid Cap | TRUSTMF Small Cap |
|---|---|---|
| Equity | 94.2% | 94.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 5.8% | 5.8% |
Market cap of stocks
| Market cap | TRUSTMF Mid Cap | TRUSTMF Small Cap |
|---|---|---|
| Large Cap | 5.2% | 1.0% |
| Mid Cap | 66.4% | 19.0% |
| Small Cap | 19.9% | 67.6% |
| Not on AMFI's list | 2.7% | 6.6% |
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 | TRUSTMF Mid Cap | TRUSTMF Small Cap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 8.4% | 11.8% |
| Retailing | 10.2% | 4.9% |
| Consumer Durables | 8.0% | 5.6% |
| Auto Components | 1.9% | 7.6% |
| Industrial Products | 1.7% | 7.3% |
| Banks | 6.6% | 7.2% |
| Electrical Equipment | 5.7% | 6.8% |
| Capital Markets | 6.4% | 4.0% |
| Aerospace & Defense | 5.9% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
TRUSTMF Mid Cap vs TRUSTMF Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | TRUSTMF Mid Cap Fund | TRUSTMF Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.91% | 1.47% |
| Base expense ratio (Direct) | 0.57% | 0.42% |
| Total expense ratio (Regular) | 3.55% | 2.85% |
| Base expense ratio (Regular) | 2.04% | 1.64% |
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 TRUSTMF Mid Cap with
TRUSTMF Mid Cap Fund vs TRUSTMF Small Cap Fund: Frequently Asked Questions
What is the difference between TRUSTMF Mid Cap Fund and TRUSTMF Small Cap Fund?
TRUSTMF Mid Cap Fund is a Mid Cap fund, TRUSTMF Small Cap Fund is a Small Cap fund, run by Trust Mutual Fund. Their portfolios overlap 33.1%. TRUSTMF Mid Cap Fund charges 1.91% a year and TRUSTMF Small Cap Fund 1.47%.
Which has the lower expense ratio, TRUSTMF Mid Cap Fund or TRUSTMF Small Cap Fund?
TRUSTMF Small Cap Fund charges less: 1.47% a year against 1.91%. These are the Direct plans' total expense ratios reported to AMFI.
How much do TRUSTMF Mid Cap Fund and TRUSTMF Small Cap Fund overlap?
33.1%. They hold 29 of the same securities, the largest shared ones being LENSKART, MCX, LAURUSLABS. From each fund's latest monthly portfolio.
Can I invest in both TRUSTMF Mid Cap Fund and TRUSTMF Small Cap Fund?
Yes. 33.1% 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.