TRUSTMF Small Cap Fund

Small CapDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

TRUSTMF Small Cap Fund is a Small Cap fund run by Trust Mutual Fund. On 30-09-2026, it managed ₹3,877 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 20.0% and its Regular plan returned 18.1%. Its benchmark, Nifty Smallcap 250 TRI, returned −3.1% over the same year.

NAV (Direct plan): ₹13.33; ▼ 1.41%30-10-2026
NAV (Regular plan): ₹12.90; ▼ 1.45%30-10-2026
Expense ratio: 1.47%Direct2.85%Regular; 1.47%; A year
Riskometer: Very High; Set by the fund house
1 year return: 20.0%Direct18.1%Regular; 20.0%; Total

TRUSTMF Small Cap Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹13.33 (down 1.41% that day); Regular Plan Growth ₹12.90 (down 1.45% that day).

This fund (Direct plan)

₹13.33

TRUSTMF Small Cap Fund Returns vs Nifty Smallcap 250 TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−3.27%	+1.83%	+14.62%	+19.98%	--	--	--
This fund (Regular)	−3.44%	+1.42%	+13.66%	+18.13%	--	--	--
Nifty Smallcap 250 TRI	−5.78%	−5.87%	+0.62%	−3.15%	+12.35%	+13.11%	+13.34%
Small Cap average	−5.86%	−3.28%	+5.03%	+3.00%	--	--	--
Best in Small Cap	−2.98%	+10.76%	+19.23%	+19.98%	--	--	--
Worst in Small Cap	−11.16%	−7.95%	−4.62%	−10.42%	--	--	--
Rank in Small Cap	2/36	2/36	2/36	1/31	--	--	--

Category rows compare the Direct plans of 36 Small Cap funds. Rank 1 is the highest return.

TRUSTMF Small Cap Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty Smallcap 250 TRI
2026to date	+22.18%	+20.67%	+1.00%
2025	+1.11%	−0.65%	−5.48%

TRUSTMF Small Cap Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 242 periods, one for each trading day from 06-11-2025 to 30-10-2026.

−20%−10%0%10%20%30%40%

Dec 2024
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026

TRUSTMF Small Cap Fund (Direct)Nifty Smallcap 250 TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	242	21.9%	−2.0%	36.4%	3%	3.0%	100%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty Smallcap 250 TRI over the same days. Past returns do not promise future returns.

TRUSTMF Small Cap Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	TRUSTMF Small Cap Fund (Direct)This fund	Nifty Smallcap 250 TRI
Return (CAGR)	+19.98%	−3.15%
Standard deviation	17.68%	17.96%
Sharpe ratio	0.83	-0.47
Sortino ratio	1.15	-0.63
Maximum drawdown	−14.0% (23-03-2026)	−18.2% (23-03-2026)
Beta	0.91	1.00
Alpha	+22.38%	0.00%

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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	TRUSTMF Small Cap Fund (Direct)This fund	Nifty Smallcap 250 TRI
Return (CAGR)	+15.26%	−2.12%
Standard deviation	18.55%	18.78%
Sharpe ratio	0.52	-0.41
Sortino ratio	0.70	-0.55
Maximum drawdown	−24.0% (03-03-2025)	−25.6% (03-03-2025)
Beta	0.92	1.00
Alpha	+16.77%	0.00%

From daily NAVs, 05-11-2024 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

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.

−30%−25%−20%−15%−10%−5%0%

20252026

TRUSTMF Small Cap Fund (Direct)Nifty Smallcap 250 TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
TRUSTMF Small Cap Fund (Direct)	−24.0%	03-01-2025	03-03-2025	23-10-2025	8 months	−6.5%
Nifty Smallcap 250 TRI	−25.6%	11-12-2024	03-03-2025	06-08-2026	17 months	−9.4%

From the Direct plan's daily NAV since 05-11-2024, adjusted for unit splits, and Nifty Smallcap 250 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

TRUSTMF Small Cap Fund vs Other Small Cap Funds

The five Small Cap funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
ITI Small Cap Fund	1/24	3,666	0.84%	+11.05%	+22.07%	+9.83%	0.98	0.83	1.12	Compare
TRUSTMF Small Cap Fund	1/31	3,877	1.47%	+19.98%	--	--	--	--	--
Bandhan Small Cap Fund	2/24	34,176	0.65%	+0.99%	+21.67%	+11.21%	0.91	0.90	1.23	Compare
Invesco India Small cap Fund	3/24	16,131	0.64%	+6.15%	+20.29%	+9.79%	0.92	0.80	1.09	Compare
Bank of India Small Cap Fund	4/24	3,671	0.81%	+16.64%	+18.62%	+6.63%	0.94	0.67	0.90	Compare
Mahindra Manulife Small Cap Fund	5/24	5,373	0.93%	+6.31%	+18.00%	+7.33%	0.96	0.66	0.88	Compare

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

TRUSTMF Small Cap Fund Expense Ratio and Costs

What each plan charges a year, in force from 23-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Small Cap median	Cost rank (1 = cheapest)
Direct	0.42%	0.31%	0.01%	0.73%	1.47%	0.91%	34/36
Regular	1.64%	0.31%	0.01%	0.89%	2.85%	2.06%	34/36

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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Small Cap funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	18.13%	19.98%	1.85%	₹1,18,130	₹1,19,980

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

TRUSTMF Small Cap Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 05-11-2024 to 30-10-2026: 24 instalments, ₹2,40,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planTRUSTMF Small Cap Fund (Direct)	₹2,40,000	₹2,97,773	₹57,773	22.4%
Regular planTRUSTMF Small Cap Fund (Regular)	₹2,40,000	₹2,92,629	₹52,629	20.4%
Nifty Smallcap 250 TRI	₹2,40,000	₹2,43,661	₹3,661	1.5%
Category averageCategory average, 36 Small Cap funds	₹2,40,000	₹2,57,152	₹17,152	6.8%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L

20252026

Direct planTRUSTMF Small Cap Fund (Direct)Regular planTRUSTMF Small Cap Fund (Regular)Nifty Smallcap 250 TRICategory averageCategory average, 36 Small Cap fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, 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.

TRUSTMF Small Cap Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

94.2%Equity

Asset	Fund	Category
Equity	94.2%	93.6%
Cash and others	5.8%	5.8%

Market cap of stocks

Market cap	Fund	Category
Large Cap	1.0%	4.8%
Mid Cap	19.0%	10.9%
Small Cap	67.6%	73.6%
Not on AMFI's list	6.6%	4.2%

Share of the whole fund. Category: the average of the Small Cap funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

TRUSTMF Small Cap Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Pharmaceuticals & Biotechnology11.8%
Auto Components7.6%
Industrial Products7.3%
Banks7.2%
Electrical Equipment6.8%
Consumer Durables5.6%
Industrial Manufacturing5.3%
Retailing4.9%
Capital Markets4.0%
Chemicals & Petrochemicals3.7%

The ten largest of 29 sectors. The other 19 add up to 30.2%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Pharmaceuticals & Biotechnology	10.2%	10.6%	11.8%	+1.6%
Auto Components	10.3%	9.6%	7.6%	−2.7%
Industrial Products	7.3%	8.3%	7.3%	0.0%
Banks	9.4%	8.0%	7.2%	−2.2%
Electrical Equipment	1.8%	5.2%	6.8%	+5.0%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

TRUSTMF Small Cap Fund Portfolio Holdings

As on 30-09-2026 · 72 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
Lenskart Solutions Limited	Retailing	2.40%	+31.1%
RBL Bank Limited	Banks	2.24%	+53.9%
Sansera Engineering Limited	Auto Components	2.16%	−2.7%
Shadowfax Technologies Limited	Transport Services	2.13%	+10.5%
Multi Commodity Exchange of India Limited	Capital Markets	2.12%	+22.2%
Karur Vysya Bank Limited	Banks	2.12%	+7.6%
Jyoti CNC Automation Ltd	Industrial Manufacturing	2.05%	+60.4%
VA Tech Wabag Limited	Other Utilities	1.95%	+23.6%
Welspun Corp Limited	Industrial Products	1.93%	−19.6%
Laurus Labs Limited	Pharmaceuticals & Biotechnology	1.81%	+32.2%
Navin Fluorine International Limited	Chemicals & Petrochemicals	1.79%	+15.5%
Dixon Technologies (India) Limited	Consumer Durables	1.75%	+29.1%
Sky Gold And Diamonds Limited	Consumer Durables	1.74%	−6.1%
Redington Limited	Commercial Services & Supplies	1.70%	+122.4%
Gland Pharma Limited	Pharmaceuticals & Biotechnology	1.68%	New
Aster DM Quality Care Limited	Healthcare Services	1.64%	+51.7%
Sona BLW Precision Forgings Limited	Auto Components	1.63%	+1.1%
City Union Bank Limited	Banks	1.61%	+22.4%
Radico Khaitan Limited	Beverages	1.57%	+15.8%
Inox India Limited	Industrial Products	1.55%	+25.2%
Kirloskar Oil Engines Limited	Industrial Products	1.50%	+43.6%
Cartrade Tech Limited	Retailing	1.46%	+33.5%
Granules India Limited	Pharmaceuticals & Biotechnology	1.44%	+42.6%
Ather Energy Limited	Automobiles	1.40%	−16.5%
Clean Max Enviro Energy Solutions Limited	Power	1.40%	+35.8%
Honasa Consumer Limited	Personal Products	1.39%	+13.6%
Sai Life Sciences Limited	Pharmaceuticals & Biotechnology	1.37%	0.0%
Avalon Technologies Limited	Electrical Equipment	1.34%	+25.6%
Kanohar Electricals Limited	Electrical Equipment	1.34%	New
Acutaas Chemicals Limited	Pharmaceuticals & Biotechnology	1.32%	+46.5%
Netweb Technologies India Limited	IT - Services	1.31%	+72.6%
Shaily Engineering Plastics Limited	Consumer Durables	1.29%	+17.8%
Syrma SGS Technology Limited	Industrial Manufacturing	1.28%	0.0%
PNB Housing Finance Limited	Finance	1.27%	0.0%
Senores Pharmaceuticals Limited	Pharmaceuticals & Biotechnology	1.24%	0.0%
Aeroflex Industries Limited	Industrial Products	1.24%	0.0%
Data Patterns (India) Limited	Aerospace & Defense	1.22%	+19.8%
The Federal Bank Limited	Banks	1.19%	0.0%
Neuland Laboratories Limited	Pharmaceuticals & Biotechnology	1.19%	0.0%
Diamond Power Infra Limited	Electrical Equipment	1.18%	0.0%
Hindustan Copper Limited	Non - Ferrous Metals	1.16%	0.0%
TD Power Systems Limited	Electrical Equipment	1.15%	−25.2%
Cemindia Projects Ltd	Construction	1.13%	+54.9%
Milky Mist Dairy Food Limited	Food Products	1.10%	+19154.4%
PTC Industries Limited	Industrial Products	1.07%	+38.6%
Indo-MIM Limited	Industrial Manufacturing	1.07%	New
Dhoot Transmission Ltd	Auto Components	1.06%	0.0%
S.J.S. Enterprises Limited	Auto Components	1.04%	−15.3%
Sterlite Technologies Limited	Telecom - Equipment & Accessories	1.01%	New
Eternal Limited	Retailing	1.00%	New
Nippon Life India Asset Management Limited	Capital Markets	0.99%	0.0%
Shilpa Medicare Limited	Pharmaceuticals & Biotechnology	0.99%	−20.8%
Sudeep Pharma Limited	Chemicals & Petrochemicals	0.98%	+73.4%
Paras Defence and Space Technologies Limited	Aerospace & Defense	0.97%	+57.4%
Manappuram Finance Limited	Finance	0.96%	−17.3%
SPR Auto Technologies Ltd	Auto Components	0.95%	−16.6%
Coforge Limited	IT - Software	0.93%	−33.8%
Zen Technologies Limited	Aerospace & Defense	0.92%	0.0%
Aditya Infotech Limited	Industrial Manufacturing	0.91%	−17.8%
Paradeep Phosphates Limited	Fertilizers & Agrochemicals	0.91%	0.0%
Privi Speciality Chemicals Limited	Chemicals & Petrochemicals	0.90%	0.0%
Piramal Finance Limited	Finance	0.89%	−23.7%
Karamtara Engineering Limited	Electrical Equipment	0.89%	New
MTAR Technologies Limited	Electrical Equipment	0.88%	−4.8%
PhysicsWallah Limited	Other Consumer Services	0.88%	−14.0%
One 97 Communications Limited	Financial Technology (Fintech)	0.88%	−40.2%
Anand Rathi Wealth Limited	Capital Markets	0.84%	0.0%
Bluestone Jewellery and Lifestyle Limited	Consumer Durables	0.83%	0.0%
Wework India Management Limited	Commercial Services & Supplies	0.80%	0.0%
Craftsman Automation Limited	Auto Components	0.74%	−45.6%
Rubicon Research Limited	Pharmaceuticals & Biotechnology	0.72%	−32.0%
Manorama Industries Limited	Food Products	0.69%	New

TRUSTMF Small Cap Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Lenskart Solutions Limited	Added	+31.1%	2.40%
Karur Vysya Bank Limited	Added	+7.6%	2.12%
Welspun Corp Limited	Reduced	−19.6%	1.93%
Ather Energy Limited	Reduced	−16.5%	1.40%
RBL Bank Limited	Added	+53.9%	2.24%
Sansera Engineering Limited	Reduced	−2.7%	2.16%
Shadowfax Technologies Limited	Added	+10.5%	2.13%
Multi Commodity Exchange of India Limited	Added	+22.2%	2.12%
Sky Gold And Diamonds Limited	Reduced	−6.1%	1.74%
Jyoti CNC Automation Ltd	Added	+60.4%	2.05%
VA Tech Wabag Limited	Added	+23.6%	1.95%
Navin Fluorine International Limited	Added	+15.5%	1.79%
Laurus Labs Limited	Added	+32.2%	1.81%
Coforge Limited	Reduced	−33.8%	0.93%
Sona BLW Precision Forgings Limited	Added	+1.1%	1.63%
Dixon Technologies (India) Limited	Added	+29.1%	1.75%
TD Power Systems Limited	Reduced	−25.2%	1.15%
Redington Limited	Added	+122.4%	1.70%
One 97 Communications Limited	Reduced	−40.2%	0.88%
Gland Pharma Limited	New	New	1.68%
Craftsman Automation Limited	Reduced	−45.6%	0.74%
Aster DM Quality Care Limited	Added	+51.7%	1.64%
City Union Bank Limited	Added	+22.4%	1.61%
Radico Khaitan Limited	Added	+15.8%	1.57%
Inox India Limited	Added	+25.2%	1.55%
Honasa Consumer Limited	Added	+13.6%	1.39%
S.J.S. Enterprises Limited	Reduced	−15.3%	1.04%
Kirloskar Oil Engines Limited	Added	+43.6%	1.50%
Piramal Finance Limited	Reduced	−23.7%	0.89%
Cartrade Tech Limited	Added	+33.5%	1.46%
Granules India Limited	Added	+42.6%	1.44%
Manappuram Finance Limited	Reduced	−17.3%	0.96%
Clean Max Enviro Energy Solutions Limited	Added	+35.8%	1.40%
Avalon Technologies Limited	Added	+25.6%	1.34%
Rubicon Research Limited	Reduced	−32.0%	0.72%
Kanohar Electricals Limited	New	New	1.34%
Acutaas Chemicals Limited	Added	+46.5%	1.32%
Shaily Engineering Plastics Limited	Added	+17.8%	1.29%
Netweb Technologies India Limited	Added	+72.6%	1.31%
SPR Auto Technologies Ltd	Reduced	−16.6%	0.95%
Shilpa Medicare Limited	Reduced	−20.8%	0.99%
Data Patterns (India) Limited	Added	+19.8%	1.22%
R R Kabel Limited	Sold out	−100%	was 1.20%
Aditya Infotech Limited	Reduced	−17.8%	0.91%
Cemindia Projects Ltd	Added	+54.9%	1.13%
Milky Mist Dairy Food Limited	Added	+19154.4%	1.10%
PhysicsWallah Limited	Reduced	−14.0%	0.88%
Indo-MIM Limited	New	New	1.07%
PTC Industries Limited	Added	+38.6%	1.07%
Ujjivan Small Finance Bank Limited	Sold out	−100%	was 1.07%
Aditya Birla Capital Limited	Sold out	−100%	was 1.06%
Sterlite Technologies Limited	New	New	1.01%
Eternal Limited	New	New	1.00%
Sudeep Pharma Limited	Added	+73.4%	0.98%
Paras Defence and Space Technologies Limited	Added	+57.4%	0.97%
MTAR Technologies Limited	Reduced	−4.8%	0.88%
Karamtara Engineering Limited	New	New	0.89%
L&T Finance Limited	Sold out	−100%	was 0.72%
Manorama Industries Limited	New	New	0.69%
eClerx Services Limited	Sold out	−100%	was 0.63%
Deepak Fertilizers and Petrochemicals Corporation Limited	Sold out	−100%	was 0.56%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What TRUSTMF Small Cap Fund bought and sold

TRUSTMF Small Cap Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
ITI Small Cap FundSmall Cap · ITI	43.6%	37	Compare
TRUSTMF Multi Cap FundMulti Cap · Trust	42.9%	35	Compare
Union Small Cap FundSmall Cap · Union	36.6%	33	Compare
Samco Special Opportunities FundThematic · Samco	36.1%	28	Compare
TRUSTMF Mid Cap FundMid Cap · Trust	33.1%	29	Compare
Zerodha Nifty Smallcap 100 ETFETF · Zerodha	30.4%	25	Compare
HSBC Small Cap FundSmall Cap · HSBC	30.3%	29	Compare
TRUSTMF Flexi Cap FundFlexi Cap · Trust	30.1%	26	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

TRUSTMF Small Cap Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 1.47%
Expense ratio (Regular): 2.85%
Category: Small Cap
Risk: Very High
Benchmark: Nifty Smallcap 250 TRI
Launch date: 04-11-2024
Minimum investment: ₹1,000
Minimum additional investment: ₹1,000
AUM: ₹3,877.01 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 152939
ISIN (Direct): INF0GCD01800
Scheme code (Regular): 152940
ISIN (Regular): INF0GCD01776
NAV history: From 05-11-2024, 2.0 years

Exit load: 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.

Tax on TRUSTMF Small Cap Fund returns

TRUSTMF Small Cap Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹13.33	30-10-2026
direct	IDCW	₹13.33	30-10-2026
regular	Growth	₹12.90	30-10-2026
regular	IDCW	₹12.91	30-10-2026

About TRUSTMF Small Cap Fund

TRUSTMF Small Cap Fund is a mutual fund from Trust Mutual Fund. Its category is Small Cap. It was launched on 04-11-2024. Its benchmark is Nifty Smallcap 250 TRI. At the end of September 2026 it held 72 securities.

Fund Manager

Mihir Vora
Fund manager of TRUSTMF Small Cap Fund, since 04-11-2024
Aakash Manghani
Fund manager of TRUSTMF Small Cap Fund, since 04-11-2024

See all funds of Trust Mutual Fund

AUM change

September 2026: ₹3,877.01 Cr; +12.74% from August 2026
August 2026: ₹3,438.90 Cr; +20.25% from July 2026
July 2026: ₹2,859.82 Cr; +15.50% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare TRUSTMF Small Cap Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

TRUSTMF Small Cap vs ITI Small Cap43.6% overlap
TRUSTMF Small Cap vs Bandhan Small CapSmall Cap
TRUSTMF Small Cap vs Invesco India Small capSmall Cap
TRUSTMF Small Cap vs Bank of India Small CapSmall Cap
TRUSTMF Small Cap vs Mahindra Manulife Small CapSmall Cap
TRUSTMF Small Cap vs TRUSTMF Multi Cap42.9% overlap
TRUSTMF Small Cap vs Union Small Cap36.6% overlap
TRUSTMF Small Cap vs Samco Special Opportunities36.1% overlap

Compare with any other fund

Frequently Asked Questions for TRUSTMF Small Cap Fund

What is the current NAV of TRUSTMF Small Cap Fund?

The Direct plan NAV is ₹13.33. The Regular plan NAV is ₹12.90, as on 30-10-2026.

What are the returns of TRUSTMF Small Cap Fund?

The Direct plan returned +19.98% in 1 year. The Regular plan returned +18.13% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of TRUSTMF Small Cap Fund?

The Direct plan charges 1.47% a year. The Regular plan charges 2.85% a year. This is the figure the fund house reported to AMFI, in force from 23-10-2026.

What is the AUM of TRUSTMF Small Cap Fund?

TRUSTMF Small Cap Fund managed ₹3,877.01 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of TRUSTMF Small Cap Fund?

At the end of September 2026 the largest holdings were LENSKART (2.40%), RBLBANK (2.24%), SANSERA (2.16%), SHADOWFAX (2.13%), MCX (2.12%). The fund held 72 securities in all.

What did TRUSTMF Small Cap Fund buy and sell in September 2026?

It bought 7 new stocks: Manorama Industries Limited, Gland Pharma Limited, Indo-MIM Limited, Sterlite Technologies Limited, Karamtara Engineering Limited. It sold out of 6: L&T Finance Limited, Deepak Fertilizers and Petrochemicals Corporation Limited, Ujjivan Small Finance Bank Limited, Aditya Birla Capital Limited, eClerx Services Limited. It added shares in 31. It reduced 17.

How do I invest in TRUSTMF Small Cap Fund?

Through Trust Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹1,000. You can invest once or through a monthly SIP.

Who is the fund manager of TRUSTMF Small Cap Fund?

Mihir Vora (since 04-11-2024), Aakash Manghani (since 04-11-2024).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

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.