Fundalysisby DARKHORSESTOCKS

Fund manager · TRUST

Aakash Manghani

Manghani, Fund Manager - Equity Segment at TRUST. Runs 5 schemes worth ₹6,901 Cr.

  • Fund house

    TRUSTThey run their schemes at TRUST.

  • AUM they run

    ₹6,901 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.

  • Schemes

    5 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2026.

  • Experience

    16 yearsOver 16 years of experience in equities, with expertise in research and portfolio management, demonstrating a keen analytical focus across diverse sectors. February 2024 till date Fund Manager - Equity, Trust Asset Management Private Limited July 2022 - February 2024 Fund Manager, ICICI Prudential Life Insurance July 2019 - July 2022 Fund Manager, BOI AXA Investment Managers Private Limited December 2017 - July 2019 Senior Equity Research Analyst - Indian Equities, BOI AXA Investment Managers Private Limited March 2015 - November 2017 Equity Research Analyst - Indian Equities, BOI AXA Investment Managers Private Limited

Profile(TRUST's SAI, 9 Oct 2026)

About

Role
Manghani, Fund Manager - Equity Segment
Studied
MBA - SP Jain School of Global Management B.E. - Sardar Patel College of Engineering, University of Mumbai
Age
39 years
Experience
Over 16 years of experience in equities, with expertise in research and portfolio management, demonstrating a keen analytical focus across diverse sectors. February 2024 till date Fund Manager - Equity, Trust Asset Management Private Limited July 2022 - February 2024 Fund Manager, ICICI Prudential Life Insurance July 2019 - July 2022 Fund Manager, BOI AXA Investment Managers Private Limited December 2017 - July 2019 Senior Equity Research Analyst - Indian Equities, BOI AXA Investment Managers Private Limited March 2015 - November 2017 Equity Research Analyst - Indian Equities, BOI AXA Investment Managers Private Limited

Schemes now5

  1. TRUSTMF Small Cap Fund₹3,877 Cr
  2. TRUSTMF Flexi Cap Fund₹1,006 Cr
  3. TRUSTMF Multi Cap Fund₹914 Cr
  4. TRUSTMF Mid Cap Fund₹687 Cr
  5. TRUSTMF Large Mid Cap Fund₹418 Cr

AUM they run(Mar 2025 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 20266,901+10.5%
Aug 20266,244+25.6%
Jul 20264,971+13.8%
Jun 20264,368+18.1%
May 20263,699+8.6%
Apr 20263,407+24.8%
Mar 20262,729−5.7%
Feb 20262,894+3.7%
Jan 20262,791−0.3%
Dec 20252,801+3.6%
Nov 20252,703+6.3%
Oct 20252,542+4.8%
AUM at month end, Sept 2026
₹6,901 Cr
+171.5% since Oct 2025
Fig. 1.The AUM of the schemes Aakash Manghani ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time(Apr 2024 – now)

  1. Flexi Cap Fund
  2. Small Cap Fund
  3. Multi Cap Fund
  4. Mid Cap Fund
  5. Large Mid Cap Fund
TRUST20252026
Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes(Apr 2024 – now)

TRUST

5 now · since Apr 2024
  1. TRUSTMF Small Cap Fund
    Co-managerNov 2024—2y₹3,877 CrSmall CapTER 1.54%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance(5 schemes)

Growth · Direct plans

Return as manager
+14.47%
Beat peers
3 of 3
vs peers
+10.93 pt
Longest run
2.5 years
Beat benchmark
Upcoming
Each scheme Aakash Manghani ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
TRUSTMF Flexi Cap Fund
Apr '24–now · 2.5y
+9.57%+6.91%+2.66 pt––
TRUSTMF Small Cap Fund
Nov '24–now · 1.9y
+18.50%+3.96%+14.54 pt––
TRUSTMF Multi Cap Fund
Jul '25–now · 1.2y
+14.47%+3.54%+10.93 pt––
TRUSTMF Mid Cap Fund
Mar '26–now · 0.6y
+17.98%+12.13%+5.85 pt––
TRUSTMF Large Mid Cap Fund
Jul '26–now · 0.2y
−2.89%−4.44%+1.55 pt––
Fig. 1.Each scheme Aakash Manghani ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(2 now)

  1. Mihir VoraSmall Cap Fund · Flexi Cap Fund · Multi Cap Fund · Mid Cap Fund · Large Mid Cap Fund5 schemes
  2. Saurabh KatariaSmall Cap Fund · Flexi Cap Fund · Multi Cap Fund · Mid Cap Fund · Large Mid Cap Fund5 schemes