January 30, 2026
RA Jainee
TRUSTMF Mid Cap Fund – Direct | Growth
📌 Fund Snapshot & Key Details
| Particulars | Details |
|---|---|
| Fund House | TRUST Mutual Fund |
| Scheme Type | Open-ended |
| Category | Equity: Mid Cap |
| Benchmark | NIFTY Midcap 150 TRI |
| NFO Opens | 27 February 2026 |
| NFO Closes | 13 March 2026 |
| Plan / Option | Growth |
| Minimum Investment (Rs.) | 1000 |
| Exit Load | 1% if redeemed within 180 days |
| Lock-in Period | NA |
| Riskometer | Very High |
| Registrar | KFin Technologies Ltd. |
⚖️ Sahifund NFO Review
PLUS
• Focused exposure to India’s mid-cap growth universe with higher long-term alpha potential
• Benchmark has delivered strong long-term compounding (5Y TRI ~24%)
• Lower correlation with Nifty 50 improves diversification at portfolio level
• Opportunity to benefit from earnings re-rating as mid-caps scale up
• Experienced fund management with deep mid-cap and research background
MINUS
• Elevated valuations in the mid-cap universe (P/E ~33.6) limit near-term comfort
• Higher volatility and deeper drawdowns during market corrections
• Liquidity risk in stressed markets
• Active mid-cap investing requires strong stock selection discipline
• Not suitable for conservative or short-term investors
Sahifund View (Decisive Line)
A high-growth but high-volatility mid-cap strategy, suitable only for investors with patience, risk appetite, and a long-term horizon.
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⏱️ Last Updated: 6 February 2026, 10.00 AM
📊 Sahifund Interpretation of the Benchmark
NIFTY Midcap 150 TRI
The NIFTY Midcap 150 TRI represents companies ranked 101–250 by full market capitalisation from the Nifty 500, capturing India’s mid-sized businesses across sectors.
Benchmark Behaviour Snapshot
• Strong wealth creation over long periods (Since inception TRI ~17.5%)
• Higher volatility than large caps (Std Dev ~16–17%)
• Lower correlation with Nifty 50 enhances diversification
• Performance is cyclical—sharp rallies followed by consolidation phases
Sahifund Insight:
This benchmark rewards time in the market, but demands emotional discipline during drawdowns.
🧠 Investment Strategy – Explained Simply
The scheme aims to generate long-term capital appreciation by predominantly investing in equity and equity-related instruments of mid-cap companies.
In simple terms:
➡️ The fund targets companies that are past early-stage risk but still have significant growth runway.
👤 Sahifund Interpretation of Fund Managers & Their Performance
Aakash Manghani
Experience across BOI AXA MF, investment advisory and capital markets. Known for bottom-up stock selection and valuation awareness.
Mihir Vora
Veteran fund manager with decades of experience across ABN Amro AMC, Prudential ICICI AMC and SBI Funds. Brings cycle awareness, risk management and portfolio construction depth.
Sahifund Assessment:
Mid-cap outcomes will depend heavily on stock selection quality and risk control, areas where experience matters materially.
🎯 Suitable for Which Investors?
Suitable if you:
• Have a long-term horizon (5–7 years or more)
• Can tolerate volatility and interim drawdowns
• Already have large-cap or flexi-cap funds
• Are investing for wealth creation rather than stability
Avoid if you:
• Are risk-averse or near-term goal-oriented
• Expect smooth or predictable returns
• Are new to equity mutual funds
• Need capital protection
❓ Should You Invest in This NFO?
Yes, selectively.
TRUSTMF Mid Cap Fund can be considered as a core mid-cap allocation for aggressive investors, but investments should be staggered and sized prudently given rich valuations.
Final Word:
Mid-caps build wealth in cycles—rewarding patience, punishing haste.
⚠️ Disclaimer
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.
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