April 28, 2026
RA Jainee
TRUSTMF Flexi Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 11.45 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 11.44 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 1,000 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 991 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.49% |
| 1 Year Return (%) | 2.88 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 7.02% |
⚖️ Sahifund Review – TRUSTMF Flexi Cap Fund ✔
PLUS:
• Extremely competitive expense ratio (~0.49%) – strong cost advantage vs peers
• Diversified portfolio (~58 stocks) ensures balanced risk exposure
• Flexi-cap strategy allows dynamic allocation across market caps
• Experienced fund management team with proven background
• Balanced allocation across large, mid & small caps improves stability
• Suitable for SIP investors looking for long-term compounding
• Decent AUM (~Rs. 991 Cr) ensures operational stability without liquidity issues
• Category relevance high as flexi-cap funds remain core portfolio choices
MINUS:
• Very short track record (~2 years) limits confidence in consistency
• Weak 1-year return (~2.88%) underperforming benchmark and peers
• Extremely high turnover (~277%) indicates aggressive churn and instability
• No proven outperformance vs established funds like Parag Parikh / HDFC Flexi Cap
• Return since launch (~7%) is relatively modest for equity category
• Portfolio may lack strong conviction due to high churn
• Momentum clearly weak compared to category leaders
• Still evolving strategy; needs time to establish credibility
Sahifund View (Decisive Line):
Low-cost structure is attractive, but weak performance and very high churn make this a “watchlist fund” rather than an immediate investment choice.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Flexi-cap funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks for high returns
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme seeks to provide long-term growth in capital and income to investors, through active management of investments in a diversified portfolio of equity and equity-related securities across the entire market capitalization spectrum and in debt and money market instruments.
Fund Manager:
1) Aakash Manghani
Education: Mr. Manghani has done Bachelors in Engineering
Experience: Prior to joining Trust Mutual Fund, he has worked with BOI AXA Mutual Fund, Pioneer Investcorp Ltd., Girik Capital and Amdocs Ltd.
2) Mihir Vora
Education: Mr. Vora is B.E.(Mechanical) and has a PGDM from IIM, Lucknow.
Experience: Prior to this, he worked with ABN Amro AMC, managing equity funds, with Pru ICICI AMC for 4 long years and SBI with Funds Mgt. Ltd. from 1994-2000.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 180 days |
Basic Details of TRUSTMF Flexi Cap Fund
| Fund House | TRUST Mutual Fund |
| Launch Date | 26-Apr-24 |
| Return Since Launch | 7.02% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 991 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.49% |
| (As on 31-Mar-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 277.00% |
TRUSTMF Flexi Cap Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| TRUST MF Flexi Cap Dir | -3.70 | -0.87 | 6.91 | 0.97 | -3.94 | 2.88 | — | — | — | — |
| BSE 500 TRI | -4.45 | -0.78 | 10.37 | 0.45 | -3.90 | 3.30 | — | — | — | — |
| Equity: Flexi Cap | -3.94 | -0.96 | 7.60 | 0.67 | -4.02 | 3.42 | — | — | — | — |
| Rank within category | 45 | 35 | 79 | 45 | 45 | 45 | — | — | — | — |
| Number of funds in category | 114 | 119 | 119 | 115 | 111 | 96 | 74 | 57 | 45 | 36 |
Peer Comparison of TRUSTMF Flexi Cap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| TRUST MF Flexi Cap Dir | Unrated | 2.88 | — | — | 0.49 | 991 | 7.02 | 1.00 (180) | 1Y 11M | 277 |
| Parag Parikh Flexi Cap Dir | 5 star | 3.07 | 18.10 | 17.22 | 0.62 | 1,28,966 | 18.59 | 2.00 (365) | 12Y 11M | 17.91 |
| HDFC Flexi Cap Dir | 5 star | 2.54 | 20.50 | 21.01 | 0.68 | 91,335 | 16.02 | 1.00 (365) | 13Y 3M | 9.40 |
| SBI Focused Dir | 4 star | 13.75 | 20.00 | 16.33 | 0.77 | 39,739 | 15.68 | 0.25 (30) | 13Y 3M | 31.00 |
| HDFC Focused Dir | 5 star | 2.24 | 20.21 | 22.49 | 0.65 | 24,170 | 14.91 | 1.00 (365) | 13Y 3M | 7.23 |
TRUSTMF Flexi Cap Fund Portfolio
| No. of Stocks | 58 |
| Top 10 Stocks | 37.81% |
| Top 5 Stocks | 23.74% |
| Top 3 Sectors | 53.11% |
| Portfolio P/B Ratio | 4.02 |
| Portfolio P/E Ratio | 27.23 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,79,583 | 1,58,152 |
| Giant (%) | — | — |
| Large (%) | 62.30 | 61.70 |
| Mid (%) | 19.54 | 22.15 |
| Small (%) | 18.16 | 16.66 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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