TRUSTMF Small Cap Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Small Cap Fund

Fund House :

Equity Holding : 94.82% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 94.82%

No of Stocks : 67 (Category Avg - 89.00) | Large Cap Investments : 0%| Mid Cap Investments : 4.1% | Small Cap Investments : 42.69% | Other : 48.08%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	67	88.77
Top 5 Stock Weight	12.88%	14.78%
Top 10 Stock Weight	23.68%	25.54%
Top 3 Sector Weight	19.42%	19.67%

Category - Small Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	2181.92	9999.98
Holdings in large cap stocks	0%	3.07%
Holdings in mid cap stocks	4.1%	9.41%
Holdings in small cap stocks	42.69%	45.12%

Category - Small Cap Fund

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Shaily Engineering Plastics Ltd.	Plastic products - industrial	313.2	2.73%	0.19%	2.73% (Oct 2025)	1.71% (Apr 2025)	1.38 L	11.95 k
- Karur Vysya Bank Ltd	Private sector bank	306.5	2.67%	0.00%	2.91% (Jul 2025)	1.69% (May 2025)	12.60 L	-1.03 L
Ami Organics Ltd.	Pharmaceuticals	294.4	2.57%	0.64%	2.57% (Oct 2025)	1.4% (Jun 2025)	1.70 L	13.16 k
GE T&D India Ltd.	Heavy electrical equipment	289.4	2.52%	-0.10%	2.62% (Sep 2025)	1.02% (Feb 2025)	95.28 k	0.00
Radico Khaitan Ltd.	Breweries & distilleries	274.1	2.39%	0.04%	2.69% (Nov 2024)	1.97% (Feb 2025)	87.52 k	0.00
Navin Flourine International Ltd.	Commodity chemicals	253.3	2.21%	0.69%	2.25% (Jul 2025)	0% (Nov 2024)	44.54 k	9.19 k
Welspun Corp Ltd.	Iron & steel products	251.8	2.20%	0.12%	2.31% (Jul 2025)	1.55% (Jan 2025)	2.61 L	0.00
Aster DM Healthcare Ltd.	Hospital	248.2	2.16%	0.17%	2.8% (Nov 2024)	1.47% (May 2025)	3.66 L	23.47 k
S.J.S. Enterprises Ltd.	Auto components & equipments	243.5	2.12%	0.09%	2.49% (Nov 2024)	1.04% (Feb 2025)	1.51 L	0.00
Allied Blenders and Distillers Ltd.	Breweries & distilleries	241.7	2.11%	0.39%	2.11% (Oct 2025)	0% (Nov 2024)	3.65 L	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
Shaily Engineering Plastics Ltd.	Plastic products - industrial	2.73	313.2	2.73%	0.19%	2.73% (Oct 2025)	1.71% (Apr 2025)	1.38 L	11.95 k	Other	48.08
- Karur Vysya Bank Ltd	Private sector bank	4.93	306.5	2.67%	0.00%	2.91% (Jul 2025)	1.69% (May 2025)	12.60 L	-1.03 L	Small Cap	42.69
Ami Organics Ltd.	Pharmaceuticals	8.07	294.4	2.57%	0.64%	2.57% (Oct 2025)	1.4% (Jun 2025)	1.70 L	13.16 k	Other	48.08
GE T&D India Ltd.	Heavy electrical equipment	4.53	289.4	2.52%	-0.10%	2.62% (Sep 2025)	1.02% (Feb 2025)	95.28 k	0.00	Small Cap	42.69
Radico Khaitan Ltd.	Breweries & distilleries	4.5	274.1	2.39%	0.04%	2.69% (Nov 2024)	1.97% (Feb 2025)	87.52 k	0.00	Small Cap	42.69
Navin Flourine International Ltd.	Commodity chemicals	2.21	253.3	2.21%	0.69%	2.25% (Jul 2025)	0% (Nov 2024)	44.54 k	9.19 k	Small Cap	42.69
Welspun Corp Ltd.	Iron & steel products	2.2	251.8	2.20%	0.12%	2.31% (Jul 2025)	1.55% (Jan 2025)	2.61 L	0.00	Small Cap	42.69
Aster DM Healthcare Ltd.	Hospital	4.7	248.2	2.16%	0.17%	2.8% (Nov 2024)	1.47% (May 2025)	3.66 L	23.47 k	Small Cap	42.69
S.J.S. Enterprises Ltd.	Auto components & equipments	6.42	243.5	2.12%	0.09%	2.49% (Nov 2024)	1.04% (Feb 2025)	1.51 L	0.00	Other	48.08
Allied Blenders and Distillers Ltd.	Breweries & distilleries	4.5	241.7	2.11%	0.39%	2.11% (Oct 2025)	0% (Nov 2024)	3.65 L	0.00	Other	48.08
eClerx Services Ltd.	Business process outsourcing (bpo)/ knowledge process outsourcing (kpo)	2.02	231.3	2.02%	0.19%	2.16% (Aug 2025)	0% (Nov 2024)	48.92 k	0.00	Small Cap	42.69
# TD Power Systems Ltd.	Heavy electrical equipment	4.53	230.2	2.01%	2.01%	2.01% (Oct 2025)	0% (Nov 2024)	2.97 L	2.97 L	Other	48.08
Amber Enterprises India Ltd.	Household appliances	1.95	223.5	1.95%	-0.14%	2.17% (Dec 2024)	1.41% (Jun 2025)	27.81 k	0.00	Small Cap	42.69
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	1.88	215.3	1.88%	-0.51%	3.13% (Jun 2025)	1.65% (Dec 2024)	23.29 k	-9.76 k	Small Cap	42.69
Ather Energy Ltd.	2/3 wheelers	1.86	213.8	1.86%	0.24%	1.86% (Oct 2025)	0% (Nov 2024)	3.09 L	0.00	Other	48.08
Cartrade Tech Ltd.	E-retail/ e-commerce	1.8	206.9	1.80%	0.39%	2.5% (Apr 2025)	0% (Nov 2024)	68.53 k	6.58 k	Other	48.08
Fairchem Speciality Ltd.	Specialty chemicals	1.79	205.3	1.79%	0.22%	1.79% (Oct 2025)	0% (Nov 2024)	70.70 k	0.00	Small Cap	42.69
Kaynes Technology India Private Ltd.	Industrial products	3.06	203.2	1.77%	-0.43%	2.2% (Sep 2025)	0% (Nov 2024)	30.31 k	-3.35 k	Other	48.08
Delhivery Ltd.	Logistics solution provider	3.15	200.8	1.75%	-0.05%	2.12% (Aug 2025)	0% (Nov 2024)	4.31 L	0.00	Other	48.08
Sagility India Ltd.	It enabled services	3.86	198.3	1.73%	0.09%	2.5% (Feb 2025)	0% (Nov 2024)	37.75 L	-3.71 L	Other	48.08
Lumax Auto Technologies Ltd.	Auto components & equipments	6.42	197.7	1.72%	-0.47%	2.2% (Sep 2025)	0% (Nov 2024)	1.75 L	-0.14 L	Small Cap	42.69
Gabriel India Ltd.	Auto components & equipments	6.42	192.6	1.68%	0.02%	2.59% (Jul 2025)	0% (Nov 2024)	1.51 L	0.00	Small Cap	42.69
Krishna Institute of Medical Sciences Ltd.	Hospital	4.7	192.5	1.68%	-0.17%	2.36% (Feb 2025)	0% (Nov 2024)	2.67 L	-0.17 L	Other	48.08
Anant Raj Industries Ltd.	Residential, commercial projects	1.65	188.9	1.65%	-0.04%	1.68% (Sep 2025)	0% (Nov 2024)	2.93 L	33.40 k	Small Cap	42.69
Le Travenues Technology Ltd.	Tour, travel related services	1.56	179.3	1.56%	0.34%	1.56% (Oct 2025)	0% (Nov 2024)	6.65 L	1.66 L	Other	48.08
Laurus Labs Ltd.	Pharmaceuticals	8.07	173.2	1.51%	0.09%	1.9% (Jul 2025)	0% (Nov 2024)	1.82 L	0.00	Other	48.08
Data Patterns India Ltd.	Aerospace & defense	4.33	167.6	1.46%	0.25%	2.1% (Apr 2025)	0% (Nov 2024)	61.07 k	9.73 k	Other	48.08
Coforge Ltd.	Computers - software & consulting	2.81	165.8	1.45%	0.07%	2.77% (Nov 2024)	0.87% (Apr 2025)	93.23 k	0.00	Other	48.08
V2 Retail Ltd.	Speciality retail	1.43	163.9	1.43%	0.40%	1.65% (Jul 2025)	0.39% (Nov 2024)	67.14 k	14.07 k	Small Cap	42.69
Zinka Logistics Solutions Ltd.	Logistics solution provider	3.15	160.7	1.40%	-0.22%	1.62% (Sep 2025)	0% (Nov 2024)	2.35 L	-0.46 L	Other	48.08
Persistent Systems Ltd.	Computers - software & consulting	2.81	155.7	1.36%	0.43%	2.51% (Nov 2024)	0.74% (Jul 2025)	26.32 k	5.68 k	Other	48.08
Prudent Corporate Advisory Services Ltd.	Financial products distributor	1.35	154.5	1.35%	-0.10%	1.84% (May 2025)	0.67% (Feb 2025)	60.47 k	0.00	Other	48.08
Neuland Laboratories Ltd.	Pharmaceuticals	8.07	153.1	1.34%	0.25%	1.34% (Oct 2025)	0% (Nov 2024)	9.30 k	1.31 k	Small Cap	42.69
PNB Housing Finance Ltd.	Housing finance company	2.62	151.2	1.32%	0.01%	2.58% (Jun 2025)	0% (Nov 2024)	1.63 L	0.00	Mid Cap	4.1
India Shelter Finance Corporation Ltd.	Housing finance company	2.62	148.9	1.30%	0.24%	1.39% (Aug 2025)	0% (Nov 2024)	1.68 L	37.74 k	Other	48.08
Apollo Micro Systems Ltd.	Aerospace & defense	4.33	148.2	1.29%	-0.85%	2.7% (Aug 2025)	0% (Nov 2024)	5.35 L	-1.73 L	Other	48.08
Syrma SGS Technology Ltd.	Industrial products	3.06	147.8	1.29%	-0.71%	2% (Sep 2025)	0% (Nov 2024)	1.82 L	-0.99 L	Other	48.08
Eris Lifesciences Ltd.	Pharmaceuticals	8.07	138	1.20%	-0.07%	1.76% (Jul 2025)	0% (Nov 2024)	86.73 k	0.00	Small Cap	42.69
PTC Industries Ltd.	Other industrial products	1.16	133.5	1.16%	0.05%	1.41% (Mar 2025)	0% (Nov 2024)	7.73 k	0.00	Small Cap	42.69
# RBL Bank Ltd.	Private sector bank	4.93	130.7	1.14%	1.14%	1.14% (Oct 2025)	0% (Nov 2024)	4.00 L	4.00 L	Mid Cap	4.1
Cholamandalam Financial Holdings Ltd.	Investment company	1.14	130.3	1.14%	-0.06%	3.13% (Feb 2025)	0% (Nov 2024)	68.12 k	0.00	Small Cap	42.69
Firstsource Solutions Ltd.	It enabled services	3.86	129.3	1.13%	-0.10%	2.49% (Feb 2025)	0% (Nov 2024)	3.65 L	-0.36 L	Small Cap	42.69
Kalpataru Power Transmission Ltd.	Civil construction	2.54	128.4	1.12%	-0.07%	1.21% (Aug 2025)	0% (Nov 2024)	1.02 L	0.00	Small Cap	42.69
Apar Industries Ltd.	Other electrical equipment	1.12	128	1.12%	0.27%	1.43% (Jun 2025)	0% (Nov 2024)	14.77 k	3.63 k	Small Cap	42.69
City Union Bank Ltd.	Private sector bank	4.93	127.9	1.12%	0.01%	1.44% (Aug 2025)	0% (Nov 2024)	5.59 L	0.00	Mid Cap	4.1
Vishal Mega Mart Ltd.	Diversified retail	1.11	127.7	1.11%	-0.84%	1.95% (Sep 2025)	0% (Nov 2024)	8.82 L	-5.30 L	Other	48.08
Transformers & Rectifiers (India) Ltd.	Power equipment	1.11	127.2	1.11%	-0.45%	2.25% (Dec 2024)	1.03% (Feb 2025)	2.86 L	-0.59 L	Small Cap	42.69
Central Depository Services (India) Ltd.	Depositories, clearing houses and other intermediaries	1.11	127.1	1.11%	0.02%	2.19% (Nov 2024)	0% (Nov 2024)	80.09 k	0.00	Small Cap	42.69
# Jain Resource Recycling Ltd.	Diversified metals	1.1	126	1.10%	1.10%	1.1% (Oct 2025)	0% (Nov 2024)	3.26 L	3.26 L	Other	48.08
# MTAR Technologies Ltd.	Aerospace & defense	4.33	121.4	1.06%	1.06%	1.06% (Oct 2025)	0% (Nov 2024)	47.65 k	47.65 k	Other	48.08
# Newgen Software Technologies Ltd.	It enabled services	3.86	115	1.00%	1.00%	1.71% (Dec 2024)	0% (Nov 2024)	1.18 L	1.18 L	Small Cap	42.69
Netweb Technologies India Ltd.	Computers hardware & equipments	0.95	108.5	0.95%	-0.80%	1.75% (Sep 2025)	0% (Nov 2024)	26.86 k	-0.25 L	Other	48.08
Sumitomo Chemical India Private Ltd.	Pesticides & agrochemicals	0.94	108.3	0.94%	-0.12%	1.16% (Aug 2025)	0% (Nov 2024)	2.16 L	0.00	Other	48.08
Onesource Specialty Pharma Ltd.	Pharmaceuticals	8.07	106.3	0.93%	-0.05%	1.19% (Aug 2025)	0% (Nov 2024)	57.32 k	0.00	Other	48.08
- Veranda Learning Solutions Ltd.	E-learning	0.9	103	0.90%	0.00%	1% (Jul 2025)	0% (Nov 2024)	4.44 L	0.00	Other	48.08
Craftsman Automation Ltd.	Auto components & equipments	6.42	102.7	0.90%	0.18%	0.9% (Oct 2025)	0% (Nov 2024)	15.37 k	4.03 k	Other	48.08
Healthcare Global Enterprises Ltd.	Hospital	4.7	98.5	0.86%	0.43%	0.86% (Oct 2025)	0% (Nov 2024)	1.32 L	60.28 k	Small Cap	42.69
Interarch Building Products Ltd.	Civil construction	2.54	90.3	0.79%	-0.24%	1.23% (Jun 2025)	0% (Nov 2024)	42.92 k	-0.15 L	Other	48.08
Awfis Space Solutions Ltd.	Diversified commercial services	1.46	88.4	0.77%	-0.01%	2.12% (Feb 2025)	0.77% (Oct 2025)	1.47 L	0.00	Other	48.08
# BEML Ltd.	Construction vehicles	1.5	85.6	0.75%	0.00%	0.75% (Sep 2025)	0% (Nov 2024)	19.45 k	0.00	Small Cap	42.69
# BEML Ltd.	Construction vehicles	1.5	85.6	0.75%	0.00%	0.75% (Sep 2025)	0% (Nov 2024)	19.45 k	0.00	Small Cap	42.69
# Canara Bank	Public sector bank	0.75	85.5	0.75%	0.75%	0.75% (Oct 2025)	0% (Nov 2024)	6.24 L	6.24 L	Other	48.08
Smartworks Coworking Spaces Ltd.	Diversified commercial services	1.46	79	0.69%	-0.23%	0.92% (Sep 2025)	0% (Nov 2024)	1.36 L	-0.40 L	Other	48.08
# I T D Cementation India Ltd.	Civil construction	2.54	72.4	0.63%	0.63%	0.63% (Oct 2025)	0% (Nov 2024)	89.32 k	89.32 k	Small Cap	42.69
- Sai Life Sciences Ltd.	Petrochemicals	0.57	65.4	0.57%	0.00%	0.9% (Aug 2025)	0% (Nov 2024)	71.26 k	0.00	Other	48.08
Bharat Dynamics Ltd.	Aerospace & defense	4.33	59.7	0.52%	-0.22%	2.32% (Apr 2025)	0% (Nov 2024)	39.02 k	-0.14 L	Other	48.08
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	8.07	59.6	0.52%	-0.05%	0.73% (Jul 2025)	0% (Nov 2024)	31.53 k	0.00	Mid Cap	4.1
Manappuram Finance Ltd.	Non banking financial company (nbfc)		146.4	0.00%	-1.36%	-	-	-	-	Mid Cap	4.1
KFIN Technologies Ltd.	Financial technology (fintech)		137	0.00%	-1.27%	-	-	-	-	Other	48.08
CreditAccess Grameen Ltd.	Microfinance institutions		125.7	0.00%	-1.17%	-	-	-	-	Small Cap	42.69
Ellenbarrie Industrial Gases Ltd.	Industrial gases		45.7	0.00%	-0.42%	-	-	-	-	Other	48.08
Ask Automotive Ltd.	Auto components & equipments	6.42	71.5	0.00%	-0.66%	-	-	-	-	Other	48.08
Wockhardt Ltd.	Pharmaceuticals	8.07	57.7	0.00%	-0.54%	-	-	-	-	Small Cap	42.69
J.K. Cement Ltd.	Cement & cement products		55.5	0.00%	-0.52%	-	-	-	-	Small Cap	42.69

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Jain Resource Recycling Ltd.	Diversified metals	126	1.10%	1.10%	1.1% (Oct 2025)	0% (Nov 2024)	3.26 L	326458
# MTAR Technologies Ltd.	Aerospace & defense	121.4	1.06%	1.06%	1.06% (Oct 2025)	0% (Nov 2024)	47.65 k	47647
# Newgen Software Technologies Ltd.	It enabled services	115	1.00%	1.00%	1.71% (Dec 2024)	0% (Nov 2024)	1.18 L	117810
# I T D Cementation India Ltd.	Civil construction	72.4	0.63%	0.63%	0.63% (Oct 2025)	0% (Nov 2024)	89.32 k	89318
# TD Power Systems Ltd.	Heavy electrical equipment	230.2	2.01%	2.01%	2.01% (Oct 2025)	0% (Nov 2024)	2.97 L	297112
# RBL Bank Ltd.	Private sector bank	130.7	1.14%	1.14%	1.14% (Oct 2025)	0% (Nov 2024)	4.00 L	400444
# Canara Bank	Public sector bank	85.5	0.75%	0.75%	0.75% (Oct 2025)	0% (Nov 2024)	6.24 L	624121

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Manappuram Finance Ltd.	Non banking financial company (nbfc)	146.4	0.00%	-1.36%	1.36% (Sep 2025)	0% (Nov 2024)	-521193
KFIN Technologies Ltd.	Financial technology (fintech)	137	0.00%	-1.27%	2.47% (Dec 2024)	0% (Nov 2024)	-130298
CreditAccess Grameen Ltd.	Microfinance institutions	125.7	0.00%	-1.17%	1.25% (Aug 2025)	0% (Nov 2024)	-92917
Ellenbarrie Industrial Gases Ltd.	Industrial gases	45.7	0.00%	-0.42%	0.42% (Sep 2025)	0% (Nov 2024)	-97363
Ask Automotive Ltd.	Auto components & equipments	71.5	0.00%	-0.66%	2.02% (Nov 2024)	0% (Nov 2024)	-135471
Wockhardt Ltd.	Pharmaceuticals	57.7	0.00%	-0.54%	2.44% (Nov 2024)	0% (Nov 2024)	-38081
J.K. Cement Ltd.	Cement & cement products	55.5	0.00%	-0.52%	1.97% (Jul 2025)	0% (Nov 2024)	-8816

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
Karur Vysya Bank Ltd	2.67%	2.67%	2.82%	2.91%	2.75%	1.69%	1.95%	1.94%	2.50%	2.24%	1.88%	2.43%	-
Aditya Birla Real Estate Ltd.	-	-	-	0.55%	1.15%	-	-	-	-	1.20%	1.81%	-	-
Century Textile & Industries Ltd.	-	-	-	-	-	-	-	-	-	-	-	2.36%	-
Solar Industries India Ltd.	-	-	-	-	2.35%	2.49%	2.82%	2.50%	2.11%	1.23%	-	-	-
Radico Khaitan Ltd.	2.39%	2.35%	2.36%	2.03%	1.99%	2.04%	2.06%	2.12%	1.97%	2.45%	2.41%	2.69%	-
Multi Commodity Exchange Of India Ltd.	1.88%	2.39%	2.37%	1.92%	3.13%	2.53%	1.86%	1.68%	2.14%	1.66%	1.65%	1.94%	-
Shaily Engineering Plastics Ltd.	2.73%	2.54%	2.46%	1.76%	1.76%	1.97%	1.71%	1.97%	1.78%	2.05%	2.01%	2.39%	-
Aster DM Healthcare Ltd.	2.16%	1.99%	2.15%	2.18%	1.48%	1.47%	2.02%	2.02%	2.43%	2.07%	1.67%	2.80%	-
Indian Hotels Company Limited	-	-	-	-	-	-	1.77%	1.84%	1.96%	1.77%	2.35%	2.52%	-
TD Power Systems Ltd.	2.01%	-	-	-	-	-	-	-	-	-	-	-	-
Ami Organics Ltd.	2.57%	1.92%	2.00%	1.90%	1.40%	1.52%	1.67%	2.31%	1.95%	2.47%	1.85%	2.18%	-
Federal Bank Ltd.	-	-	-	-	-	1.81%	2.01%	1.62%	2.01%	1.70%	1.90%	2.67%	-
Welspun Corp Ltd.	2.20%	2.08%	2.08%	2.31%	1.93%	2.08%	1.75%	2.07%	1.71%	1.55%	1.67%	1.69%	-
Sagility India Ltd.	1.73%	1.64%	2.04%	2.18%	1.70%	1.73%	2.05%	2.23%	2.50%	2.07%	1.20%	-	-
GE T&D India Ltd.	2.52%	2.62%	2.44%	2.40%	1.93%	2.14%	1.25%	1.29%	1.02%	1.73%	1.70%	1.70%	-
Amber Enterprises India Ltd.	1.95%	2.09%	1.41%	2.02%	1.41%	1.43%	1.95%	2.11%	1.65%	2.09%	2.17%	2.11%	-