TRUSTMF Corporate Bond Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

TRUSTMF Corporate Bond Fund Direct Growth Plan is at ₹1,276.796 as of 17 Sep 2026, with an AUM of ₹82 Cr. Its 1-year, 3-year and 5-year returns are 4.8%, 6.79% and 0%, and the scheme is tagged with a Balanced Risk profile. Our view is that this is a fund for investors who can accept moderate volatility in exchange for a portfolio built around corporate debt and sovereign paper, rather than for those looking for smooth benchmark-style movement.

The recent return pattern is steady, but the longer record is uneven because the scheme has only been live since January 2023. That makes it more useful as a short-history bond fund with a fairly concentrated book than as a long-cycle compounding story.

Quick facts

Particular	Details
NAV	₹1,276.796 as of 17 Sep 2026
AUM	₹82 Cr
Expense Ratio	0.25%
Launch Date	20 Jan 2023
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	No exit load
Fund Managers	Jalpan Shah, Shradhanjali Panda

The fund is managed by Jalpan Shah and Shradhanjali Panda.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.05%	-3.66%
3M	1.1%	-3.71%
1Y	4.8%	-7.13%
3Y	6.79%	5.82%
5Y	Data not available	Data not available

In the near term, the fund has held up better than the benchmark, which has been weak over 1 month, 3 months and 1 year. The fund’s own 1-month and 3-month returns were positive, while the benchmark stayed negative across those same periods. That tells us the scheme has recently behaved more defensively than the benchmark path.

The longer picture is more balanced. The 3-year return of 6.79% is only modestly ahead of the benchmark’s 5.82%, so the fund has not built a large performance gap over time. The real limitation is the missing 5-year history: because the scheme started in 2023, there is no full 5-year track record to judge.

The monthly path also suggests a period of mild unevenness rather than a straight line higher. Returns improved through parts of the 3-year window, but there were also softer stretches, which is consistent with a bond strategy that can still move around as rates and spreads shift. This is not a very smooth return profile, but it has remained positive over the periods shown.

Overall, the fund looks better on short-term resilience than on standout long-term outperformance. For investors, that means the main question is less about chasing high upside and more about whether the return pattern and portfolio mix fit a measured credit-focused allocation.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD TRUSTMF Corporate Bond?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
TRUSTMF Corporate Bond Fund Direct Growth Plan	4.8%	6.79%	Data not available
Franklin India Corporate Bond Fund-A Direct Growth Plan	6.26%	8.03%	6.73%
DSP Corp Bond Fund Direct Growth Plan	6.14%	7.37%	6.03%
Baroda BNP Paribas Corp Bond Fund Direct Growth Plan	6.05%	7.74%	6.23%
ICICI Pru Corp Bond Fund Direct Growth Plan	5.85%	7.38%	6.73%
Bandhan Corp Bond Fund Direct Growth Plan	5.82%	7.29%	6.08%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

Compared with the peer set, the fund’s 1-year return trails each of the listed peers. The gap is not extreme, but it does show that the recent run has been more modest than the stronger peer names. On 3-year numbers, it also sits below the better peer results, which means the fund has not yet matched the longer compounding pace of the stronger corporate-bond options shown here.

The 5-year comparison is harder to use because this scheme does not have a full 5-year history, while the peers do. That leaves the short-term and medium-term picture doing most of the work, and those periods say the same thing: the fund has been steady, but not as strong as the better peer returns available in the table.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
7.70% HDFC Bank Limited (16/05/2028)	Corporate Debt	12.11%
7.6% Power Finance Corporation Limited (13/04/2029)	Corporate Debt	12.07%
6.47% Indian Railway Finance Corporation Limited (30/05/2028)	Corporate Debt	11.9%
TREPS 01-Sep-2026	Cash & Cash Equivalents and Net Assets	10.76%
7.35% Export Import Bank of India (27/07/2028)	Corporate Debt	10.27%
Net Receivables / (Payables)	Cash & Cash Equivalents and Net Assets	8.69%
6.75% Government of India (23/12/2029)	Government Securities	6.1%
7.18% Sundaram Finance Limited (16/05/2028)	Corporate Debt	5.98%
7.3763% Bajaj Finance Limited (26/06/2028)	Corporate Debt	5.98%
6.87% REC Limited (31/05/2030)	Corporate Debt	5.89%

The top 10 holdings account for approximately 89.75% of the portfolio.

To see all holdings, visit the TRUSTMF Corporate Bond Fund Direct Growth Plan page

The largest holding is 12.11%, so it is meaningful without being overwhelmingly dominant. The next few positions remain close in size, which means influence is spread across several large debt exposures rather than sitting in a single line item. That can make the portfolio less dependent on one security, though the top ten still carry most of the disclosed weight.

The fall from the largest weight to the tenth holding is gradual rather than steep. Several positions sit in the 6% to 12% range, and the disclosed mix also includes cash-like and receivable items. In our view, that points to a structure where larger positions may matter, but the fund is not built around one outsized bet.

With 14 disclosed holdings and 89.75% sitting in the top ten, the portfolio looks fairly concentrated at the visible level, yet it still has a longer tail beyond the largest names. That combination may suit investors who want a debt-oriented portfolio with clear issuer exposure and are comfortable with the fact that a handful of holdings are likely to have greater influence on returns.

Source data date: as of 17 Sep 2026

Who should invest

This fund fits investors who are comfortable with a Balanced Risk profile and want exposure to a corporate-bond-heavy portfolio with some government and cash-like support. The return record suggests moderate, not explosive, compounding, and the recent pattern has been steadier than the benchmark over the short term.

The main trade-off is that the fund has not matched the stronger peer returns shown over 1 year and 3 years, while the portfolio remains fairly concentrated in its largest holdings. That makes it better suited to a medium- to longer-horizon investor who values measured credit exposure and can accept periods when the fund does not lead the peer set.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: No exit load.

Source data date: as of 17 Sep 2026

Frequently asked questions

What is the current NAV of TRUSTMF Corporate Bond Fund Direct Growth Plan?
The current NAV is ₹1,276.796 as of 17 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 4.8%, the 3-year return is 6.79%, and the 5-year return is Data not available.

How has the fund performed versus the benchmark?
It has done better than the benchmark over 1 month, 3 months and 1 year, but the 3-year return of 6.79% is only slightly ahead of the benchmark’s 5.82%.

How does it compare with the peer funds listed here?
Its 1-year and 3-year returns are below the listed peer funds with available data. The 5-year comparison is not available for this scheme because it has not completed a full 5-year history.

Is there a minimum SIP amount listed?
No minimum SIP amount is listed here.

What are the risk and portfolio characteristics?
The fund is tagged as Balanced Risk, has no exit load, and its portfolio is led by corporate debt holdings such as HDFC Bank, Power Finance Corporation and Indian Railway Finance Corporation.

Bottom line

TRUSTMF Corporate Bond Fund Direct Growth Plan has shown a steadier short-term profile than its benchmark, but its longer-running compounding story is still limited by its short history. Against peers, the available return data is softer on both 1-year and 3-year measures. The portfolio is led by corporate debt and includes a few sizeable positions, so the fund may appeal to investors who want measured fixed-income exposure and can accept a more concentrated set of holdings.

Published on 18 September 2026 at 10:27 AM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.