TRUSTMF Flexi Cap Fund
Flexi Cap Fund · Trust Asset Management Private Limited
Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹81,120. Expect meaningful ups and downs on the way.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.TRUSTMF Flexi Cap Fund is a flexi cap fund from Trust Asset Management Private Limited. It has a track record of about 2.4 years. As of the latest data it carries an RS rating of 94/99 (its recent momentum versus category peers). The current NAV is ₹12.56 (as of 2026-09-16).
Growth of ₹100 - last 2 years
TRUSTMF Flexi Cap Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -2.56% | -3.66% |
| 3 months | 5.46% | 1.55% |
| 6 months | 14.7% | 8.23% |
| 1 year | 6.62% | 1.07% |
Its trailing one-year return is 6.62%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | TRUSTMF Flexi Cap Fund | Benchmark |
|---|---|---|
| 2025 | -2.5% | +6.7% |
| 2026 | +5.6% | -5.8% |
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -18.88% | -27.06% |
| Worst drawdown (3Y) | -18.88% | -18.92% |
| Volatility (1Y) | 17.37% | 17.25% |
| Sharpe (3Y) | 0.2 | 0.32 |
| Sortino (3Y) | 0.32 | 0.6 |
| Beta (3Y) | 1.0 | 0.97 |
| Alpha (3Y) | 6.98% | 3.38% |
| Up capture | 109.9% | 100.4% |
| Down capture | 93.0% | 91.55% |
| Bull-market return | 37.0% | 29.8% |
| Bear-market return | -30.5% | -29.2% |
Timing matters more than people admit: the best possible 1-year stretch in TRUSTMF Flexi Cap Fund (starting 2024-06-04) gained 17.7%, while the worst (starting 2024-12-17) lost 6.0%. The worst peak-to-bottom fall TRUSTMF Flexi Cap Fund has ever put investors through is -18.88% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -30.5% annualised, versus 37.0% in rising markets. It has captured roughly 109.9% of its benchmark's up-moves and 93.0% of its down-moves.
How TRUSTMF Flexi Cap Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), TRUSTMF Flexi Cap Fund has historically returned about -30.5% annualised, versus roughly 37.0% when the market is rising. Its deepest fall on record is -18.88%. Right now it sits about 2.94% below its all-time high (last hit 2026-09-11). The real question isn't the average year - it's whether you could hold on through the worst one.
How TRUSTMF Flexi Cap Fund ranks in its category
Percentile versus its ~183 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
Rolling-return data isn't available for this fund yet.
What TRUSTMF Flexi Cap Fund holds
Its latest monthly portfolio disclosure. This is what your money actually owns.
Top holdings
Sector allocation
The top 10 holdings make up 32.4% of the portfolio, across 66 stocks. A higher concentration means the fund's fortunes ride on fewer names.
Portfolio overlap with similar funds
TRUSTMF Flexi Cap Fund shares Bajaj Finserv Flexi Cap Fund (32%), Invesco India Flexi Cap Fund (29%), ICICI Prudential Flexicap Fund (0%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). The lower the overlap, the more genuinely different the portfolios are.
Who manages TRUSTMF Flexi Cap Fund - and how good are they?
TRUSTMF Flexi Cap Fund is managed by Mihir Vora, Saurabh Kataria and Aakash Manghani. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Mihir Vora's full record
Mihir Vora currently runs 3 funds, across Flexi Cap Fund, Multi Cap Fund, Small Cap Fund, with about ₹3,461 Cr under management.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Trustmf Small Cap Fund | 97 | n/a | 7.7% | 34.5% | 28.6% | n/a | n/a | n/a | 0.54 | n/a | -24.0% |
| 2 | Trustmf Multi Cap Fund | 96 | n/a | 5.8% | 20.5% | 15.5% | n/a | n/a | n/a | n/a | n/a | -12.2% |
| 3 | TRUSTMF Flexi Cap Fund (this page) | 94 | n/a | 5.5% | 14.7% | 6.6% | n/a | n/a | n/a | 0.2 | n/a | -18.9% |
Saurabh Kataria's full record
Saurabh Kataria currently runs 3 funds, across Flexi Cap Fund, Multi Cap Fund, Small Cap Fund, with about ₹3,461 Cr under management.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Trustmf Small Cap Fund | 97 | n/a | 7.7% | 34.5% | 28.6% | n/a | n/a | n/a | 0.54 | n/a | -24.0% |
| 2 | Trustmf Multi Cap Fund | 96 | n/a | 5.8% | 20.5% | 15.5% | n/a | n/a | n/a | n/a | n/a | -12.2% |
| 3 | TRUSTMF Flexi Cap Fund (this page) | 94 | n/a | 5.5% | 14.7% | 6.6% | n/a | n/a | n/a | 0.2 | n/a | -18.9% |
Aakash Manghani's full record
Aakash Manghani currently runs 3 funds, across Flexi Cap Fund, Multi Cap Fund, Small Cap Fund, with about ₹3,461 Cr under management.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Trustmf Small Cap Fund | 97 | n/a | 7.7% | 34.5% | 28.6% | n/a | n/a | n/a | 0.54 | n/a | -24.0% |
| 2 | Trustmf Multi Cap Fund | 96 | n/a | 5.8% | 20.5% | 15.5% | n/a | n/a | n/a | n/a | n/a | -12.2% |
| 3 | TRUSTMF Flexi Cap Fund (this page) | 94 | n/a | 5.5% | 14.7% | 6.6% | n/a | n/a | n/a | 0.2 | n/a | -18.9% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.56% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹1000 |
| Fund size (AUM) | ₹1,043 Cr |
| Age | 2.4 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How TRUSTMF Flexi Cap Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| Bajaj Finserv Flexi Cap Fund | 74 | 94 | 16.3% |
| Invesco India Flexi Cap Fund | 72 | 92 | 16.7% |
| ICICI Prudential Flexicap Fund | 83 | 88 | 14.8% |
| ITI Flexi Cap Fund | 99 | 88 | 17.6% |
| WhiteOak Capital Flexi Cap Fund | 71 | 87 | 13.8% |
| BANK OF INDIA Flexi Cap Fund | 96 | 87 | 18.2% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
TRUSTMF Flexi Cap Fund review: the bottom line
Related
Frequently asked questions
Is TRUSTMF Flexi Cap Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, TRUSTMF Flexi Cap Fund scores RS 94/99 within its category, and its worst drawdown was -18.88%. Compare those against your needs and the peer table above.
What is the NAV of TRUSTMF Flexi Cap Fund today?
The latest NAV is ₹12.56 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of TRUSTMF Flexi Cap Fund?
The Direct-plan expense ratio is 0.56% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of TRUSTMF Flexi Cap Fund?
TRUSTMF Flexi Cap Fund is managed by Mihir Vora; Saurabh Kataria; Aakash Manghani.
Is TRUSTMF Flexi Cap Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -18.88% - ₹1 lakh briefly becoming about ₹81,120. As a equity fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is TRUSTMF Flexi Cap Fund tax-efficient / what about capital gains?
As a equity fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See TRUSTMF Flexi Cap Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.