TRUSTMF Flexi Cap Fund
Direct · GrowthAI Summary
The fund has delivered a 1-year XIRR of 3.67%, which is significantly below the category average of 15.6% for the same period. Over longer horizons, the fund's CAGR (lump-sum) has consistently outperformed the NIFTY 50 benchmark, with a 1-year fund CAGR of 12.31% versus -2.9% for the benchmark, and positive alpha across all periods from 1 to 15 years. However, the fund's absolute returns are modest, with a 3-year CAGR of 8.95% and a 5-year CAGR of 5.28%, indicating underperformance relative to typical flexi cap peers.
The fund exhibits a maximum drawdown of -0.19% with a recovery period of 480 days, indicating that while drawdowns are shallow, recovery can be prolonged. The Calmar ratio of 0.21 for 1 year suggests low risk-adjusted returns relative to the drawdown experienced. With a beta of 0.94 to 1.00, the fund's volatility is in line with the market, but its downside capture of 83.65% (1Y) indicates it falls less than the benchmark in down markets, while upside capture of 103.41% shows it participates fully in up markets.
The fund holds 55 stocks with a top 10 concentration of 36.99% of NAV, led by ICICI Bank (5.35%), State Bank of India (4.26%), and Muthoot Finance (4.02%). Sector-wise, Banks dominate at 19.4%, followed by Finance (8.6%) and Capital Markets (7.3%), indicating a significant tilt towards financials. The portfolio is diversified across 55 holdings, but the heavy financial sector weight (28% combined in Banks and Finance) could expose the fund to sector-specific risks.
The fund's 1-year XIRR of 3.67% is drastically lower than the category average of 15.6%, placing it in the bottom quartile of flexi cap funds. Over longer periods, the fund's CAGR has consistently beaten the NIFTY 50 benchmark, but the category average SIP XIRR for 3, 5, 7, 10, 12 years ranges from 14.89% to 16.09%, while the fund's CAGR for those periods is below 9%, indicating significant underperformance relative to peers. The fund's positive alpha versus the benchmark is not sufficient to close the gap with category averages, suggesting a lack of consistency in delivering competitive returns.
This fund may suit investors with a low-to-moderate risk tolerance who are seeking a diversified equity fund with a defensive tilt, as evidenced by its lower downside capture. However, given its significant underperformance versus the category, it is not suitable for investors seeking market-beating returns or those with a shorter investment horizon. A long-term horizon of at least 5-7 years is recommended to potentially benefit from the fund's alpha generation, but investors should be prepared for returns that may lag broader flexi cap peers.
- Consistent positive alpha versus the NIFTY 50 benchmark across all periods from 1 to 15 years, with a 1-year alpha of 14.68%.
- Lower downside capture (83.65% for 1Y) indicates the fund falls less than the benchmark during market declines, providing some cushion.
- Low expense ratio of 0.49% (Direct plan) is cost-efficient, which can enhance net returns over time.
- Significant underperformance versus the category average, with a 1-year XIRR of 3.67% versus 15.6% for peers, and similar gaps across longer periods.
- Prolonged recovery from maximum drawdown (480 days) suggests that the fund may take time to recoup losses, which could test investor patience.
Generated on 29-08-2026, 3:09 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.23 L | 3.1% | -18.9% | 22.6% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 3.1% | 14.4% | 15.6% | -11.3% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 4.0% | 3.4% | -6.0% | 17.7% | -0.53 | -0.51 | 78% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +14.68 | 0.94 | 103.4% | 83.7% | 12.3% | -2.9% |
| 3 Years | +6.73 | 1.00 | 103.0% | 91.6% | 8.9% | 2.2% |
| 5 Years | +3.96 | 1.00 | 103.0% | 91.6% | 5.3% | 1.3% |
| 7 Years | +2.81 | 1.00 | 103.0% | 91.6% | 3.7% | 0.9% |
| 10 Years | +1.96 | 1.00 | 103.0% | 91.6% | 2.6% | 0.7% |
| 12 Years | +1.64 | 1.00 | 103.0% | 91.6% | 2.2% | 0.6% |
| 15 Years | +1.31 | 1.00 | 103.0% | 91.6% | 1.7% | 0.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Limited | 5.35% |
| 2 | State Bank of India | 4.26% |
| 3 | Muthoot Finance Limited | 4.02% |
| 4 | HDFC Bank Limited | 3.89% |
| 5 | Reliance Industries Limited | 3.88% |
| 6 | Bharti Airtel Limited | 3.34% |
| 7 | Multi Commodity Exchange of India Limited | 3.33% |
| 8 | Bharat Electronics Limited | 3.20% |
| 9 | Axis Bank Limited | 2.91% |
| 10 | Hindustan Zinc Limited | 2.81% |