TRUSTMF Overnight Fund
This is the Regular plan of TRUSTMF Overnight Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed daily and reinvested in more units, which is why this NAV sits below the growth plan of the same fund.
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returns (+5.92% 3Y CAGR)NAV history
Scorecard
Not ratedHow 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. Not rated — too few comparable Debt funds (same plan and option) to rank against yet.
Not enough Overnight Fund peers to rank yet
Volatility 0.1% (no category average yet)
0.2% expense (no category average yet)
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
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Overnight Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.21% | — | — |
| 3M abs | +0.73% | — | — |
| 6M abs | +1.49% | — | — |
| 1Y CAGR | +3.34% | — | — |
| 3Y CAGR | +4.78% | — | — |
| 5Y CAGR | — | — | — |
Category average across peers in Overnight Fund, 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.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
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 | +2.33% | |
| 2025 | +4.60% | |
| 2024 | +5.78% | |
| 2023 | +6.68% | |
| 2022part | +4.46% |
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.
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
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.
Fund Managers
JSJalpan ShahStart date not disclosed
B.E. (Mechanical), PGDM
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
SPShradhanjali PandaStart date not disclosed
MBA
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)
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
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.
Northern Trust Plans to Convert Six Mutual Funds With $33B Into ETFs
citybiz · 6d ago
Inox India schedules investor meet with Trust Mutual Fund
scanx.trade · 14d ago
Daily Voice: Elevated oil prices may make broader earnings environment challenging; bond yields to remain...
Moneycontrol.com · 15d ago
Manika Plastech raises Rs 37.6 crore from 4 anchor investors including Trust MF; IPO to open on September...
Moneycontrol.com · 25d ago
Inventurus Knowledge Solutions Ltd Shareholding Pattern – Promoters, FIIs & DIIs
Value Research · 31 Aug 2026
Cemindia Projects Ltd. Shareholding Pattern – Promoters, FIIs & DIIs
Value Research · 30 Aug 2026
Fractal Analytics Ltd Shareholding Pattern – Promoters, FIIs & DIIs
Value Research · 29 Aug 2026
Awfis Space Solutions Ltd Shareholding Pattern – Promoters, FIIs & DIIs
Value Research · 27 Aug 2026
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 ₹1,261.93 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 +3.34% over 1 year, +4.78% per year over 3 years and +5.06% 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 0.17% 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.