TRUSTMF Multi Cap Fund
Direct · GrowthAI Summary
TRUSTMF Multi Cap Fund delivered a 1Y SIP XIRR of 24.4%, well above the category average of 11.45%, indicating strong SIP performance. Against the NIFTY 50, the fund generated a 1Y alpha of 20.19% with a Fund CAGR of 12.34% versus the benchmark's -9.19%. However, lump-sum long-term returns are modest, with a 5Y Fund CAGR of just 3.06%, though this still exceeds the benchmark's -1.4%.
The fund shows a favorable risk profile with a Calmar Ratio of 1.44 over 1Y and only one drawdown event exceeding 10%, with a maximum drawdown of just -0.13% and a quick 44-day recovery. Beta of roughly 0.91 across periods indicates slightly lower volatility than the NIFTY 50. Downside capture of 75.63% versus upside capture of 101.92% demonstrates strong asymmetric protection in falling markets while fully participating in rallies.
The portfolio holds 68 stocks with the top 10 comprising roughly 26% of NAV, showing reasonable diversification. Financials dominate heavily, with Banks at 16.1%, Finance at 7.8%, and Capital Markets at 8.8%, meaning over 32% of the portfolio is in financial sector exposure. Top holdings include MCX (4.2%), Muthoot Finance (2.94%), and a cluster of banks such as SBI, ICICI Bank, Axis Bank, and HDFC Bank.
The fund's 1Y SIP XIRR of 24.4% significantly outpaces the category average of 11.45%, marking it as a strong recent performer among multi cap peers. Positive alpha across all measured periods (1Y to 15Y) versus the NIFTY 50 suggests consistent benchmark outperformance. Calendar year returns of 10.32% in 2026 and 5.29% in 2025 show steady, if unspectacular, annual results.
This fund suits investors seeking diversified multi cap exposure with a defensive tilt, given its low downside capture and modest beta. A time horizon of at least 5 years is recommended to allow the multi cap strategy to compound through market cycles. Investors should have moderate risk tolerance, as the heavy financial sector concentration introduces sector-specific risk despite the fund's overall stability.
- 1Y SIP XIRR of 24.4% is more than double the category average of 11.45%
- Strong downside protection with 75.63% downside capture versus 101.92% upside capture against the NIFTY 50
- Low risk profile with a Calmar Ratio of 1.44, only one >10% drawdown event, and a 44-day recovery from maximum drawdown
- Heavy financial sector concentration, with Banks (16.1%), Capital Markets (8.8%), and Finance (7.8%) totaling over 32% of the portfolio
- Modest long-term lump-sum returns, with a 5Y Fund CAGR of only 3.06%, suggesting weak absolute wealth creation over extended periods
Generated on 20-10-2026, 3:10 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 | ₹13.21 L | 23.9% | 11.3% | 35.1% |
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 | 23.9% | 14.3% | 11.4% | +9.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.3% | 18.7% | 12.3% | 24.4% | 4.15 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +20.19 | 0.91 | 101.9% | 75.6% | 12.3% | -9.2% |
| 3 Years | +6.68 | 0.91 | 100.4% | 76.0% | 5.2% | -2.3% |
| 5 Years | +3.75 | 0.91 | 100.4% | 76.0% | 3.1% | -1.4% |
| 7 Years | +2.50 | 0.91 | 100.4% | 76.0% | 2.2% | -1.0% |
| 10 Years | +1.57 | 0.91 | 100.4% | 76.0% | 1.5% | -0.7% |
| 12 Years | +1.21 | 0.91 | 100.4% | 76.0% | 1.3% | -0.6% |
| 15 Years | +0.85 | 0.91 | 100.4% | 76.0% | 1.0% | -0.5% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Multi Commodity Exchange of India Limited | 4.20% |
| 2 | Muthoot Finance Limited | 2.94% |
| 3 | State Bank of India | 2.83% |
| 4 | Karur Vysya Bank Limited | 2.43% |
| 5 | Shriram Finance Limited | 2.42% |
| 6 | ICICI Bank Limited | 2.37% |
| 7 | Axis Bank Limited | 2.33% |
| 8 | Hindustan Zinc Limited | 2.31% |
| 9 | HDFC Bank Limited | 2.18% |
| 10 | The Federal Bank Limited | 1.99% |