List of the Best Trust Mutual Funds in India
Trust Mutual Fund has expanded its presence across equity and debt categories, offering schemes such as small-cap, flexi-cap, multi-cap, mid-cap, liquid, money market, corporate bond, and arbitrage funds. As investors continue to explore different fund categories, understanding Trust Mutual Fund’s schemes, risks, taxation, and investment approach can provide useful context for evaluating its offerings.
Top Trust Mutual Fund Schemes
| Name | AUM (₹ in cr.) | NAV (₹) | Absolute Returns - 3M (%) | Absolute Returns - 1Y | CAGR 3Y (%) | Expense Ratio | Exit Load (%) | Volatility (%) | Sharpe Ratio |
|---|---|---|---|---|---|---|---|---|---|
| TRUSTMF Small Cap Fund | 1,656.46 | 12.48 | 18.74 | (%) | 0 | 0.4 | 1 | 16.0 | 1.04 |
| TRUSTMF Flexi Cap Fund | 1,081.31 | 11.69 | 2.54 | 21.28 | 0 | 0.56 | 1 | 13.65 | -0.24 |
| TRUSTMF Liquid Fund | 1,020.14 | 1,350.94 | 1.68 | 0.60 | 6.91 | 0.09 | 0.0045 | 0.13 | -2.85 |
| TRUSTMF Multi Cap Fund | 478.45 | 10.98 | 7.01 | 6.14 | 0 | 0.52 | 1 | 14.80 | 0.52 |
| TRUSTMF Mid Cap Fund | 191.12 | 11.16 | 0 | 0 | 0 | 0.52 | 1 | 13.77 | 3.84 |
| TRUSTMF Money Market Fund | 140.10 | 1,294.97 | 1.44 | 0 | 7.04 | 0.14 | 0 | 0.36 | 3.87 |
| TRUSTMF Corporate Bond Fund | 120.72 | 1,255.00 | 0.88 | 5.97 | 6.75 | 0.21 | 0 | 1.35 | -0.47 |
| TRUSTMF Arbitrage Fund | 72.67 | 10.47 | 1.30 | 3.98 | 0 | 0.17 | 0.25 | 0.92 | 1.82 |
| TRUSTMF FMP-SR-II | 65.24 | 1,292.09 | 1.83 | 0 | 8.38 | 0 | 0 | 0.35 | 6.90 |
| TRUSTMF Short Duration Fund | 57.55 | 1,336.37 | 0.88 | 7.10 | 6.98 | 0.2 | 0 | 1.00 | -0.12 |
| TRUSTMF Overnight Fund | 53.00 | 1,285.55 | 1.26 | 4.51 | 6.15 | 0.06 | 0 | 0.01 | -73.51 |
Disclaimer: Please note that the above list of the best Trust mutual funds is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.
Note: The data on the list of the best Trust investment funds is from 5th June 2026. This data is derived from the Tickertape Mutual Funds Screener.
- AMC: Trust Asset Management Limited
- 5Y CAGR: Sorted from Highest to Lowest
🚀 Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.
What are Trust Mutual Funds?
Trust Asset Management Limited is an Indian asset management company that offers mutual fund schemes across categories such as equity, debt, hybrid, and passive funds. It is managed by Trust Asset Management Private Limited and operates under SEBI’s mutual fund regulations. In simple terms, Trust Mutual Funds pool money from investors and invests it across different securities based on each scheme’s objective, risk level, and asset allocation strategy.
Overview of Top Trust Mutual Funds in India
TRUSTMF Small Cap Fund
TRUSTMF Small Cap Fund invests mainly in small-cap companies. It offers exposure to businesses with smaller market capitalisation, which can be more volatile than large-cap stocks. Returns depend on stock selection, liquidity, earnings growth, and broader small-cap market conditions.
TRUST MF Flexi Cap Fund
TRUST MF Flexi Cap Fund invests across large-cap, mid-cap, and small-cap stocks without fixed market-cap limits. This gives the fund flexibility to shift allocation based on market opportunities. Performance depends on stock selection, sector trends, valuations, and overall equity market movement.
TRUSTMF Liquid Fund
TRUSTMF Liquid Fund invests in short-term debt and money market instruments with low maturity. It is designed for liquidity and relatively lower volatility than equity funds. Returns depend on interest rates, portfolio quality, credit risk, and short-term debt market conditions.
TRUSTMF Multi Cap Fund
TRUSTMF Multi Cap Fund invests across large-cap, mid-cap, and small-cap companies as per multi-cap fund rules. It offers diversified equity exposure across market segments. Returns depend on allocation, stock selection, sector movement, and performance across different company sizes.
TRUSTMF Mid Cap Fund
TRUSTMF Mid Cap Fund invests mainly in mid-cap companies. It offers exposure to businesses positioned between large-cap and small-cap segments. Returns depend on earnings growth, valuations, liquidity, market sentiment, and the fund’s ability to identify quality mid-sized companies.
TRUSTMF Money Market Fund
TRUSTMF Money Market Fund invests in money market instruments and short-term debt securities. It focuses on relatively low-duration exposure within the debt category. Returns depend on interest rate movements, credit quality, liquidity, and conditions in the short-term money market.
TRUSTMF Corporate Bond Fund
TRUSTMF Corporate Bond Fund invests mainly in corporate bonds with relatively higher credit quality. It provides debt exposure through corporate fixed-income instruments. Returns depend on interest rates, credit spreads, issuer quality, duration strategy, and broader bond market conditions.
TRUSTMF Arbitrage Fund
TRUSTMF Arbitrage Fund uses price differences between cash and derivatives markets to generate returns. It usually carries lower equity-market direction risk than pure equity funds. Performance depends on arbitrage spreads, market volatility, liquidity, and the fund’s execution efficiency.
TRUSTMF FMP-SR-II
TRUSTMF FMP-SR-II is a fixed maturity plan that invests in debt instruments aligned with the scheme’s maturity period. Returns depend on portfolio yield, interest-rate conditions, credit quality, and holding period. Liquidity may be limited compared with open-ended debt funds.
TRUSTMF Short Duration Fund
TRUSTMF Short Duration Fund invests in short-duration debt and money market instruments. It aims to maintain moderate interest-rate sensitivity compared with longer-duration debt funds. Returns depend on bond yields, credit quality, duration positioning, and short-term interest-rate movements.
Tax on Trust Mutual Fund Schemes
The tax treatment of Trust Mutual Fund schemes depends on the fund category and the holding period. Equity-oriented, debt-oriented, arbitrage, and hybrid schemes may be taxed differently under current tax regulations. Understanding the applicable tax rules can help investors assess the post-tax impact of their mutual fund investments.
Equity-Oriented Schemes
| Gain Type | Holding Period | Tax Rate | Exemption |
| Short-Term Capital Gains (STCG) | Up to 12 months | 20% + surcharge + cess | None |
| Long-Term Capital Gains (LTCG) | More than 12 months | 12.5% + surcharge + cess | ₹1.25 lakh per financial year |
| Dividend Income | Any holding period | As per investor’s income tax slab | TDS of 10% if dividend exceeds ₹5,000 per year from a fund house |
Debt-Oriented Schemes
| Fund Type | Units Acquired | Tax Treatment |
| Debt funds (Liquid, Short Duration, Overnight, Dynamic Bond) | After 1st April 2023 | All capital gains taxed at investor’s income tax slab rate, regardless of holding period (Section 50AA) |
| Debt funds | Before 1st April 2023 | STCG at slab rate if held < 24 months; LTCG at 12.5% if held > 24 months |
| Dividend Income | Any | Taxed at investor’s income tax slab rate |
How to Invest in the Trust Funds in India?
You can start investing in Trust funds in India by following these steps:
- First, visit an equity investment platform such as smallcase to explore available Trust mutual fund schemes.
- Next, research and identify Trust funds based on your investment thesis, time horizon, and risk appetite. Tools like the Tickertape Mutual Fund Screener can help you filter and compare funds based on parameters such as returns, expense ratios, fund size, risk ratios, and more.
- Once you shortlist the fund, visit smallcase, log in, and search for the fund by name. You can then choose the investment mode, either a one-time lump sum or an SIP, and complete the investment process.
Benefits of Investing in Trust Mutual Fund Schemes
- Range of fund categories: Trust Mutual Fund offers schemes across equity and debt categories, including small cap, flexi cap, liquid, money market, corporate bond, arbitrage, and short duration funds. This gives exposure to different risk-return profiles within one fund house.
- Equity fund options: Trust MF has expanded into equity schemes such as small cap, flexi cap, multi cap, and mid cap funds. For example, TRUSTMF Small Cap Fund had an AUM of about ₹4,845 cr and a latest NAV of ₹12.48 as of 5th June 2026.
- Debt fund presence: The AMC also offers debt schemes such as liquid, money market, corporate bond, and short duration funds. These schemes may be used to access fixed-income instruments with different maturities and credit profiles.
- SIP accessibility: Trust Mutual Fund schemes can be accessed through online platforms and the fund house route. SIP availability allows investors to invest periodically, though minimum amounts and terms may vary by scheme.
- Industry participation: Trust Mutual Fund operates within India’s growing mutual fund industry, where total industry AUM stood at ₹73.73 lakh cr as of March 2026. This provides broader context for the fund house’s presence.
Risks Involved While Investing in Trust Mutual Fund Schemes
- Market risk: Equity-oriented schemes such as small cap, mid cap, flexi cap, and multi cap funds are linked to stock market movements. Their NAVs can fluctuate based on market conditions.
- Credit and interest-rate risk: Debt schemes can be affected by changes in interest rates, credit quality, and liquidity in the bond market. These risks differ across liquid, short duration, money market, and corporate bond funds.
- Small-cap volatility: TRUSTMF Small Cap Fund is rated very high risk, reflecting the volatility linked to smaller companies. Small-cap stocks can see sharper price swings and lower liquidity during weak market phases.
- Track record risk: Some Trust MF equity schemes are relatively new. For example, TRUSTMF Small Cap Fund has been available from November 2024, which means long-cycle performance history may be limited.
- Scheme-specific risk: Each scheme has its own portfolio, benchmark, and risk profile. Investors need to assess the fund category, expense ratio, holdings, exit load, and investment objective before evaluating any scheme.
Factors to Consider When Investing in Trust Mutual Fund Schemes
- Fund category: Trust Mutual Fund offers equity, debt, arbitrage, and fixed maturity schemes. Each category carries a different risk level, return pattern, and investment horizon.
- Investment objective: Each scheme has a defined objective, such as capital appreciation, liquidity, income generation, or arbitrage exposure. The objective explains how the fund is structured.
- Risk profile: Equity schemes may see market-linked volatility, while debt schemes carry interest-rate and credit risk. The scheme’s risk level can be reviewed before evaluation.
- Track record: Some Trust Mutual Fund schemes are relatively new, so long-term performance data may be limited. Available returns, NAV movement, and consistency can be reviewed for context.
- Expense ratio: Fund costs affect net returns over time. Direct and regular plans, expense ratios, and category averages can be compared to understand cost differences.
- Portfolio composition: Holdings, sector exposure, credit quality, maturity profile, and market-cap allocation show where the scheme invests and how it may behave across market cycles.
- Exit load and taxation: Exit load, holding period, and tax treatment can affect final returns. These details may vary across equity, debt, arbitrage, and fixed maturity schemes.
Who Should Consider Trust Mutual Fund Schemes?
- Category-aware investors: Trust Mutual Fund schemes may be relevant for those comparing equity, debt, arbitrage, and fixed maturity fund categories.
- Equity-focused investors: Those evaluating small cap, mid cap, flexi cap, or multi cap exposure may review Trust MF’s equity schemes.
- Debt fund investors: Those looking at liquid, money market, corporate bond, or short duration funds may compare Trust MF’s debt offerings.
- SIP investors: Investors who prefer periodic investing can evaluate Trust Mutual Fund schemes that allow SIP investments.
- Risk-aware investors: Since each scheme has a different risk level, investors may review the fund category, portfolio, expense ratio, and investment objective before evaluation.
To Wrap It Up…
Trust Mutual Fund offers exposure to a range of equity and debt fund categories, each with its own investment objective, risk profile, and portfolio strategy. Reviewing factors such as fund category, portfolio composition, costs, taxation, and historical performance can help in understanding how a scheme operates. Investors can use the Tickertape Mutual Fund Screener to compare Trust Mutual Fund schemes, analyse fund details, and track mutual fund performance across categories.
Frequently Asked Questions on Trust Mutual Fund
Trust Mutual Fund is an Indian mutual fund house managed by Trust AMC. It offers schemes across the equity, debt, arbitrage, and fixed-maturity categories. Each scheme follows a defined investment objective, asset allocation pattern, and risk profile.
Trust Mutual Fund offers schemes such as the Trust Mutual Fund small-cap fund. Along with this, it also provides flexi-cap, multi-cap, mid-cap, liquid, money market, corporate bond, arbitrage, fixed maturity, and short-duration funds. The exact scheme list may change over time based on new launches or closures.
Trust Mutual Fund schemes may be relevant for investors comparing equity, debt, arbitrage, or fixed maturity fund categories. Suitability depends on the scheme category, risk level, portfolio, costs, and investment horizon.
Disclaimer: This is for educational purposes only and not a recommendation. Investors should assess their financial goals and risk appetite before investing.
The risks depend on the scheme type. Equity schemes carry market risk, debt schemes carry credit and interest-rate risk, and arbitrage funds depend on price spreads between cash and derivatives markets. Fund performance may also vary due to portfolio composition and market conditions.
Taxation depends on the fund category and holding period. Equity-oriented schemes are taxed as equity mutual funds, while debt-oriented schemes follow debt fund taxation rules. Arbitrage funds are generally taxed like equity funds if they meet equity-oriented fund requirements.
Trust Mutual Fund schemes may be considered by investors evaluating equity, debt, arbitrage, liquid, short duration, or fixed maturity categories. These schemes may suit different investment horizons and risk profiles.
Disclaimer: This is for educational purposes only and not a recommendation. Suitability depends on financial goals, risk appetite, and investment horizon.
Trust Mutual Fund NAV can be checked on the AMC website, AMFI website, or at the Tickertape Mutual Fund Screener. NAV is updated based on the applicable mutual fund valuation cycle.
Yes, Trust Mutual Fund offers debt schemes such as liquid, money market, corporate bond, short duration, and fixed maturity funds. These schemes invest in debt and money market instruments with different maturities and credit profiles.
Yes, Trust Mutual Fund offers equity schemes such as small-cap, flexi-cap, multi-cap, and mid-cap funds. These schemes invest mainly in equities and carry market-linked risk.
Trust Mutual Fund schemes are not risk-free. Their risk level depends on the scheme category, portfolio, and market conditions. Equity funds carry market risk, while debt funds carry credit and interest-rate risk.
Disclaimer: This is for educational purposes only and not a recommendation. Mutual fund investments are subject to market risks.
Open-ended Trust Mutual Fund schemes can generally be redeemed at any time, subject to exit load, lock-in, or scheme-specific conditions. Fixed maturity plans may have limited liquidity and should be checked separately.
