Investment Objective and Approach

The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of small cap companies. The fund is mandated to invest at least 65 per cent of its assets in small-cap stocks at all times.

The TRUSTMF Small Cap Fund is designed to capitalise on these prospects by adhering to a disciplined investment approach focused on fostering sustainable wealth growth for its shareholders. The fund follows TRUST AMC's proprietary Terminal Value Investing philosophy, which focuses on three key elements:

- Megatrends: Major trends that tend to disrupt an established way of working thus reshaping the world.

- Leadership: The fund looks for Gorilla Companies who are undisputed leaders who are rare, dominant and have longevity.

- Intangible Assets: The strategy recognizes a world that is increasingly populated by companies with a rise in less visible assets.

The TRUSTMF Small Cap Fund follows a carefully crafted investment strategy aimed at maximizing long-term growth by focusing on high-potential small-cap companies. The fund manager creates a portfolio by selecting 40-60 stocks after conducting management meetings, thorough analysis, and extensive research.

Fund Managers

Mihir Vora - Chief Investment Officer

Mihir Vora has 30 years of experience and has been managing the fund since 04 Nov 2024. Mihir Vora is the Chief Investment Officer at TRUST AMC, with a remarkable career spanning nearly three decades in investment. He has a proven track record across various asset classes including equity, fixed income, real estate, and alternative investment funds.

Before joining TRUST Mutual Fund, Mihir held the position of Senior Director & Chief Investment Officer at Max Life Insurance, where he managed assets exceeding INR 130,000 crores. He has also held senior roles at notable financial institutions such as Aditya Birla Sun Life Mutual Fund, Abu Dhabi Investment Authority, HSBC Mutual Fund, ABN AMRO Mutual Fund, ICICI Prudential Mutual Fund, and SBI Mutual Fund.

Aakash Manghani - Fund Manager, Equities

Aakash Manghani has 14 years of experience and has been co-managing the fund since 04 Nov 2024. Aakash Manghani is the Fund Manager, Equities at TRUST Mutual Fund. In his previous role as a Fund Manager at ICICI Prudential Life Insurance, Aakash oversaw a substantial portfolio valued at over 6,500 crores in assets under management (AUM), focussing on midcap strategies.

About the Fund House (AMC)

TRUST Asset Management Company (AMC) operates with a clear investment philosophy centered on growth investing. The company stands for a Clear, Credible, Consistent approach to investing, with well-articulated Philosophy and Processes. Investment is in their DNA. At heart, they are GROWTH investors. They add value by Differentiated Insights into specific stocks, which are not visible to the market. Where they have such insights, they aim to create multi-baggers as these are backed by high conviction and consequently higher portfolio weight.

The AMC follows the Terminal Value Investing approach, which is the magic that is created at the intersection of Megatrends, Leadership, and Intangible Assets. The company believes in the potential of India and invites investors to harness the power of India through their schemes.

Key fund information as of July 31, 2025:

- Fund Size: ₹ 1051.1 Cr as on 31 Jul 2025

- Benchmark: NIFTY Small Cap 250 TRI

- Minimum Investment: ₹1,000 for lump sum and ₹1,000 for SIP

Should I Invest in TRUSTMF Small Cap Fund?

This fund is suitable for investors with a high risk appetite and long-term investment horizon. When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way. Like for all equity funds, you must invest only through the SIP route.

Warning: Do not invest in this, or any other small-cap fund, if you need to redeem your investment in less than seven years. This is a fund that invests in smaller companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.

The fund is ideal for:

- Investors seeking long-term capital appreciation

- Those with high risk tolerance

- Investors willing to stay invested for at least 7 years

- Those looking to participate in India's small-cap growth story

FAQs

What is today's NAV of TRUSTMF Small Cap Fund?

The NAV of TRUSTMF Small Cap Fund changes daily based on market movements. You can check the latest NAV on Allvest's platform or the fund house's official website.

What is the AUM of TRUSTMF Small Cap Fund?

As of July 31, 2025, the fund size is ₹1051.1 crores.

What is the expense ratio of TRUSTMF Small Cap Fund?

The expense ratio of TRUSTMF Small Cap Fund - Direct Plan is 0.51%. The regular plan expense ratio would be higher.

What are the returns of TRUSTMF Small Cap Fund since inception?

The fund has delivered -8.10% returns since inception as it's a relatively new fund launched in late 2024.

What is the minimum SIP amount to invest in TRUSTMF Small Cap Fund?

The minimum SIP amount is ₹1,000.

How do I invest in TRUSTMF Small Cap Fund?

You can invest through Allvest's platform, the fund house's official website, or authorized distributors. Online investment through registered platforms is the most convenient option.

How to start a SIP in TRUSTMF Small Cap Fund?

You can start a SIP through Allvest by completing your KYC, selecting the fund, choosing SIP amount and frequency, and setting up auto-debit instructions.

How do I automate an SIP in TRUSTMF Small Cap Fund?

Set up auto-debit through your bank account via NACH or ECS mandate through Allvest's platform for seamless monthly investments.

How can I withdraw/redeem my investment in TRUSTMF Small Cap Fund?

You can redeem your investment through Allvest's platform or the fund house website. Note that there's an exit load of 1% if redeemed within 180 days.