Trust Mutual Fund schemes
Every live fund Trust Mutual Fund runs. Returns are for the plan each fund's page leads with, Direct where the fund has one; 3 and 5 year returns are a year, compounded.
- Assets managedAssets managed. The average money in the house's funds over the quarter, added up across its funds. Money its own funds of funds hold in its other funds is counted once.
- ₹7,445 CrAverage, quarter to Sep 2026
- Live funds
- 11
- Fund managers
- 6
Equity funds
5 funds
- TRUSTMF Small Cap FundSmall CapNAV₹13.37001Y+20.56%3Y–5Y–Size₹3,204 CrCost1.50%
- TRUSTMF Flexi Cap FundFlexi CapNAV₹12.26001Y+2.08%3Y–5Y–Size₹1,015 CrCost1.74%
- TRUSTMF Multi Cap FundMulti CapNAV₹11.45001Y+9.15%3Y–5Y–Size₹757 CrCost1.82%
- TRUSTMF Mid Cap FundMid CapNAV₹11.40001Y–3Y–5Y–Size₹517 CrCost1.93%
- TRUSTMF Large & Midcap FundLarge & Mid CapNAV₹9.60001Y–3Y–5Y–Size₹270 CrCost2.28%
Hybrid funds
1 fund
- TRUSTMF Arbitrage FundArbitrageNAV₹10.75671Y+6.61%3Y–5Y–Size₹142 CrCost1.42%
Debt funds
5 funds
- TRUSTMF Liquid FundLiquidNAV₹1,384.18261Y+6.39%3Y+6.83%5Y+6.36%Size₹1,153 CrCost0.10%
- TRUSTMF Money Market FundMoney MarketNAV₹1,330.70311Y+6.32%3Y+7.09%5Y–Size₹168 CrCost0.16%
- TRUSTMF Corporate Bond FundCorporate BondNAV₹1,274.85821Y+3.91%3Y+6.63%5Y–Size₹94 CrCost0.26%
- TRUSTMF Short Term FundShort DurationNAV₹1,363.66541Y+4.52%3Y+6.97%5Y+6.17%Size₹68 CrCost0.27%
- TRUSTMF Overnight FundOvernightNAV₹1,310.87281Y+5.13%3Y+5.95%5Y–Size₹52 CrCost0.11%
Trust Mutual Fund fund managers
Managers running its funds now, largest first by the money in their funds.
| Money in their funds. The latest month's assets of every fund they run now, added up. A fund run by two managers counts in full for each. | Running funds here since. The earliest start date the fund house files for them on any of its funds. | ||
|---|---|---|---|
| Mihir Vora | 6 | ₹7,039 Cr | 24 Jul 2026 |
| Aakash Manghani | 5 | ₹6,901 Cr | 24 Jul 2026 |
| Saurabh Kataria | 5 | ₹6,901 Cr | 24 Apr 2026 |
| Jalpan Shah | 5 | ₹1,213 Cr | 11 Jun 2024 |
| Shradhanjali Panda | 5 | ₹1,213 Cr | 1 Oct 2025 |
| Bhavin Hemani | 1 | ₹138 Cr | 11 Jul 2026 |
Trust Mutual Fund investor complaints
Sep 2026, as the fund house reports them.
- Received
- 2
- Resolved
- 2
- Open at month endOpen at month end. Complaints not yet resolved on the month's last day, as the fund house states them, including any carried from earlier months.
- 0
Trust Mutual Fund votes at company meetings
Quarter to Sep 2026, as its funds voted at the companies they hold.
- Company meetings
- 196
- Resolutions voted onResolutions voted on. Each resolution put to shareholders at those meetings on which the house's funds voted, counted once however many of its funds voted.
- 1,252
- Voted againstVoted against. Resolutions on which at least one of the house's funds voted against.
- 68
- AbstainedAbstained. Resolutions on which at least one of the house's funds abstained.
- 0
Trust Mutual Fund documents
- FactsheetSep 2026
- Statement of additional informationOct 2026
- Annual reportYear to Mar 2026
About Trust Mutual Fund schemes
Trust Mutual Fund is a SEBI-registered fund house sponsored by Trust Investment Advisors Private Limited and run by Trust Asset Management Private Limited. Its first scheme, a liquid fund, allotted units on 23 Apr 2021, and it now runs equity, hybrid and debt schemes.
Sponsor, trustee and asset management company
Trust Investment Advisors Private Limited is the sponsor, the company that sets up the fund as a trust. Trust AMC Trustee Private Limited is the trustee company: it holds the fund's assets for unit holders and oversees the asset management company (AMC), the firm that makes the investment decisions.
Trust Asset Management Private Limited, incorporated on 11 Dec 2017, is that AMC. The mutual fund was constituted as a trust on 23 May 2018 and registered with SEBI on 7 Oct 2019 under number MF/075/19/01.
Schemes it runs
The first scheme to open was the Liquid Fund, allotted on 23 Apr 2021. Short duration (Aug 2021), overnight (Jan 2022), corporate bond (Jan 2023) and money market (Aug 2023) funds followed, plus a fixed maturity plan that has since matured.
Equity began with the Flexi Cap Fund on 26 Apr 2024, then the Small Cap Fund (4 Nov 2024), the Multi Cap Fund (21 Jul 2025), the Mid Cap Fund (20 Mar 2026) and, most recently, the Large & Midcap Fund. The Arbitrage Fund, the one hybrid scheme, was allotted on 28 Aug 2025. Arbitrage means buying a share in the cash market and selling its future at the same time to lock in the price gap.
How the equity and debt funds are run
The house describes its equity funds as following two approaches, Terminal Value Investing and Growth at Reasonable Valuations (GARV), which looks for growing companies at valuations the house considers reasonable. For four of its debt funds, the fund manager invests mainly in line with a model portfolio built with CRISIL, within pre-set limits.
What this page shows
The page lists the house's live schemes in three groups: equity, hybrid and debt. Each row gives the NAV, the price of one unit, and returns over 1, 3 and 5 years for the scheme's lead plan, which is Direct where the scheme has one. Three and five year returns are annualised, the yearly rate that compounds to the total gain. Size and cost, the yearly expense ratio, sit beside them.
Assets managed is the average over the latest quarter, added across the funds, with money one fund holds in another of the house's funds counted once. The manager table counts a fund with two managers in full for each, so its totals add up to more than the house's assets. It also shows investor complaints, open ones being those unresolved on the month's last day, and the house's votes at company meetings, counted once per resolution.