DebtOvernight FundDirectGrowthLow

TRUSTMF Overnight Fund

Q: What is the NAV of TRUSTMF Overnight Fund?

As of 05 Oct 2026, the NAV of TRUSTMF Overnight Fund is ₹1,306.58 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has TRUSTMF Overnight Fund delivered?

TRUSTMF Overnight Fund has returned +5.12% over 1 year, +5.98% per year over 3 years and +5.84% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of TRUSTMF Overnight Fund?

TRUSTMF Overnight Fund charges an expense ratio of 0.11% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of TRUSTMF Overnight Fund?

TRUSTMF Overnight Fund's largest holdings are 182 Days Tbill (MD 10/09/2026) (3.2%). Holdings are disclosed monthly and change over time.

Q: How risky is TRUSTMF Overnight Fund?

TRUSTMF Overnight Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.1% and its worst peak-to-trough fall in our sample was 0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of TRUSTMF Overnight Fund?

TRUSTMF Overnight Fund is benchmarked against the CRISIL Liquid Overnight Index. Its alpha and beta on this page are measured against that index.

Q: Who manages TRUSTMF Overnight Fund?

TRUSTMF Overnight Fund is managed by Jalpan Shah and Shradhanjali Panda at Trust.

Q: How is TRUSTMF Overnight Fund taxed?

TRUSTMF Overnight Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Trust Mutual Fund · Best Overnight Mutual Funds

NAV

₹1,306.58

+0.02% 1D

as of 05 Oct 2026

This is the Direct plan of TRUSTMF Overnight Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+5.12%absolute

52-week rangePrev NAV ₹1,306.38

Latest ₹1,306.58

Low ₹1,242.95100th percentile of its 52-week rangeHigh ₹1,306.58

Scorecard

★★★☆☆3/5 vs 33 of 39 Overnight Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Overnight Fund (same plan and option). 33 of the 39 Overnight Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +5.98% · ranks 26 of 33 Overnight Funds

RiskModerate

Volatility 0.1% vs 0.1% category avg

CostAverage

0.1% expense vs 0.1% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

Ranks #30 of 36 on 1-year return in its Overnight Fund cohort

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.11%

Category 0.12%▼0.01%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

CRISIL Liquid Overnight Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

19 Jan 2022

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.41%

Absolute return over the last 3 months (not annualized)

+1.24%

Absolute return over the last 6 months (not annualized)

+2.51%

Absolute return since 1 Jan of this year (not annualized)

+3.83%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+5.12%

3-year annualized return (CAGR)

+5.98%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+5.84%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.12%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

0.00%

Benchmark ratios

Not shown for Overnight Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Overnight Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.41%	+0.40%	+0.01%
3M abs	+1.24%	+1.26%	-0.02%
6M abs	+2.51%	+2.55%	-0.04%
1Y CAGR	+5.12%	+5.22%	-0.10%
3Y CAGR	+5.98%	+6.02%	-0.04%
5Y CAGR	—	+5.72%	—

Category average across peers in Overnight Fund (up to 39 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 39 peers in Overnight Fund

1Y return

+5.12%

Beats 14.3% · rank #30

3Y return

+5.98%

Beats 21.9% · rank #26

5Y return

—

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹3.60L

Current value

₹3.90L

Absolute

+8.34%

XIRR

+5.57%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into TRUSTMF Overnight Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+3.83%
2025	+5.73%
2024	+6.71%
2023	+6.72%
2022part	+4.49%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

1,435

Expense ratio

0.11%

AUM

₹51.85Cr

Exit load

N.A

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Overnight Fund

Compare all


TRUSTMF Overnight FundThis fund Trust · Direct · Growth	★★★☆☆	+5.12%	+5.98%	—	—	0.11%	—
Bank of India Overnight Fund Bank of India · Direct · Growth	★★★★☆	+5.48%	+6.18%	+5.86%	—	0.09%	₹80.05Cr
quant Overnight Fund quant · Direct · Growth	★★★★★	+5.03%	+6.09%	—	—	0.19%	₹61.28Cr
Axis Overnight Fund Axis · Direct · Growth	★★★☆☆	+5.28%	+6.08%	+5.77%	—	0.09%	₹12,334Cr
Tata Overnight Fund Tata · Direct · Growth	★★★★☆	+5.29%	+6.08%	+5.75%	—	0.09%	₹5,354Cr
Bajaj Finserv Overnight Fund Bajaj Finserv · Direct · Growth	★★★★☆	+5.33%	+6.07%	—	—	0.11%	₹958.32Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Cash & Equivalents96.79%
Debt3.21%

AMC Profile

TRUST Mutual Fund is run by TRUST Asset Management, part of the TRUST Group, a financial services firm with a fixed-income heritage. Its line-up leans heavily towards debt schemes.

Launched

06 Oct 2019

Total AUM

₹5,075Cr+19.3% QoQ

Avg AUM · April - June 2026

Website

trustmf.com

Fund Managers

JSJalpan ShahStart date not disclosed

Education

B.E. (Mechanical), PGDM

Experience

Over 20 years of experience in financial Since June 11, services industry May 2024 till date: Head Fixed Income - TRUST Asset Management Private Limited Nov 2022 - May 2024: Senior Vice President, Fund Management - Fixed Income, HSBC Asset Management (India) Private Limited June 2014 - Nov 2022: Portfolio Manager - Fixed Income, L&T Investment Management Ltd. Nov 2012 - June 2014: Dealer - Fixed Income and Macro Economic Research, L&T Investment Management Limited Dec 2007 - Nov 2012: Research Associate, FIL Fund Management Private Limited

Funds managed (5)

All schemes Jalpan Shah runs →

SPShradhanjali PandaStart date not disclosed

Education

MBA

Experience

Over 17 years of experience in financial Since October 1, markets across business like Mutual Fund & PMS. From Oct 1, 2025: Fund Manager cum Dealer - Fixed Income - TRUST Asset Management Private Limited Nov 2020 - Sep 2025: AVP - Fixed Income Dealer - TRUST Asset Management Private Limited Nov 2016 - Nov 2020: Senior Manager - Debt PMS Analyst/ Dealer - Asset Management & Advisory Desk with TRUST Group Feb 2016 - Nov 2016: Business Analyst - Value creator with Hexagon Global IT Services Private Ltd May 2013 - Feb 2016: Fixed Income Dealer PMS: Birla Sun Life Asset Management Company Private Ltd Mar 2008 - May 2013: Investment Operations - Trades & Settlements; Valuation & Mid-office Operations - Mutual Fund Business - Birla Sun Life Asset Management Company Private Ltd (SID)

Funds managed (5)

All schemes Shradhanjali Panda runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Jalpan Shah Shradhanjali Panda

Trust in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Overnight funds

Overnight funds hold securities maturing the very next day, making them the lowest-risk debt category. They're a place to park cash for a few days with almost no interest-rate risk.

Frequently asked questions

What is the NAV of TRUSTMF Overnight Fund?

As of 05 Oct 2026, the NAV of TRUSTMF Overnight Fund is ₹1,306.58 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has TRUSTMF Overnight Fund delivered?

TRUSTMF Overnight Fund has returned +5.12% over 1 year, +5.98% per year over 3 years and +5.84% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of TRUSTMF Overnight Fund?

TRUSTMF Overnight Fund charges an expense ratio of 0.11% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of TRUSTMF Overnight Fund?

TRUSTMF Overnight Fund's largest holdings are 182 Days Tbill (MD 10/09/2026) (3.2%). Holdings are disclosed monthly and change over time.

How risky is TRUSTMF Overnight Fund?

TRUSTMF Overnight Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.1% and its worst peak-to-trough fall in our sample was 0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of TRUSTMF Overnight Fund?

TRUSTMF Overnight Fund is benchmarked against the CRISIL Liquid Overnight Index. Its alpha and beta on this page are measured against that index.

Who manages TRUSTMF Overnight Fund?

TRUSTMF Overnight Fund is managed by Jalpan Shah and Shradhanjali Panda at Trust.

How is TRUSTMF Overnight Fund taxed?

TRUSTMF Overnight Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.