TRUSTMF Multi Cap Fund
Direct · GrowthAI Summary
TRUSTMF Multi Cap Fund delivered a 1Y SIP XIRR of 22.31%, well above the category average of 15.06%, and a 1Y rolling return of 18.9%. Against the NIFTY 50, the fund posted a 1Y CAGR of 20.4% versus the benchmark's -2.9%, generating a strong alpha of 22.82%. Over longer windows, lump-sum CAGRs remain modest (3Y: 6.67%, 5Y: 3.95%) but consistently positive even as the benchmark was negative.
The fund shows a low maximum drawdown of just -0.13% with a quick 44-day recovery, and only one drawdown event exceeding 10%, indicating strong downside resilience. Downside capture of 78.62% (1Y) versus upside capture of 107.05% reflects a favorable asymmetry. A 1Y Calmar Ratio of 1.48 supports solid risk-adjusted returns, while beta near 0.95 suggests slightly lower volatility than the NIFTY 50.
The portfolio holds 68 stocks with a well-diversified top 10, where the largest position (Multi Commodity Exchange) is only 4.2% of NAV. Financials dominate, with Banks at 16.1%, Capital Markets at 8.8%, and Finance at 7.8%, meaning roughly a third of the portfolio is in financial services. Other sectors such as IT-Software and Non-Ferrous Metals (5.7% each) provide some balance.
The fund's 1Y SIP XIRR of 22.31% outpaces the category average of 15.06% by over 7 percentage points, marking strong recent relative performance. Its consistent positive alpha across all measured windows (1Y to 15Y) against the NIFTY 50 suggests durable stock selection. However, longer-horizon lump-sum CAGRs in the low single digits indicate that sustained outperformance over multi-year periods should be monitored.
This fund suits investors seeking diversified multi-cap exposure with a moderate risk appetite and a horizon of at least 5 years to allow compounding across market cycles. Its strong downside capture and low drawdown profile make it appropriate for SIP investors who value capital protection during corrections. Those heavily reliant on short-term liquidity should be cautious, as equity multi-cap funds can be volatile over shorter periods.
- 1Y SIP XIRR of 22.31% significantly exceeds the category average of 15.06%
- Strong downside protection with 78.62% downside capture and a minimal maximum drawdown of -0.13% recovered in 44 days
- Consistent positive alpha across all time horizons, including 22.82% over 1Y versus the NIFTY 50
- Heavy financial sector tilt, with Banks, Capital Markets, and Finance totaling roughly 32.7% of the portfolio
- Long-horizon lump-sum CAGRs are modest (5Y: 3.95%, 10Y: 1.95%), so multi-year consistency needs further evidence
Generated on 05-09-2026, 3:03 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 | ₹13.19 L | 22.3% | 11.3% | 32.5% |
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 | 22.3% | 14.4% | 15.1% | +7.9% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.9% | 19.8% | 15.3% | 21.1% | 5.44 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +22.82 | 0.95 | 107.0% | 78.6% | 20.4% | -2.9% |
| 3 Years | +6.92 | 0.93 | 104.6% | 76.4% | 6.7% | -0.7% |
| 5 Years | +3.92 | 0.93 | 104.6% | 76.4% | 4.0% | -0.4% |
| 7 Years | +2.66 | 0.93 | 104.6% | 76.4% | 2.8% | -0.3% |
| 10 Years | +1.73 | 0.93 | 104.6% | 76.4% | 1.9% | -0.2% |
| 12 Years | +1.37 | 0.93 | 104.6% | 76.4% | 1.6% | -0.2% |
| 15 Years | +1.00 | 0.93 | 104.6% | 76.4% | 1.3% | -0.1% |
| # | 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% |