Quantum Liquid Fund vs TRUSTMF Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Quantum Liquid Fund and TRUSTMF Liquid Fund are both Liquid funds. In the 3 years to 30-10-2026, Quantum Liquid Fund (Direct) returned 6.5% a year and TRUSTMF Liquid Fund (Direct) returned 6.8% a year. Quantum Liquid Fund charges 0.15% a year and TRUSTMF Liquid Fund 0.10% (Direct plans). Their portfolios overlap 20.2%: they hold 7 of the same securities.
Which is better, Quantum Liquid or TRUSTMF Liquid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- TRUSTMF Liquid returned more over 5 years: 6.4% a year against 6.1%.
- TRUSTMF Liquid returned more over 3 years: 6.8% a year against 6.5%.
- TRUSTMF Liquid costs less: 0.10% a year against 0.15% (Direct plans).
- Quantum Liquid swung less over 3 years: a standard deviation of 0.1% a year against 0.2%.
- TRUSTMF Liquid fell less in its worst fall since 25-04-2021: −0.0% against −0.0%.
- TRUSTMF Liquid is the larger fund: ₹748 Cr against ₹543 Cr.
- Their portfolios overlap 20.2%: 7 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Quantum Liquid Fund | TRUSTMF Liquid Fund |
|---|---|---|
| Fund house | Quantum Mutual Fund | Trust Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹543 Cr (30-09-2026) | ₹748 Cr (30-09-2026) |
| NAV | ₹37.99 (Direct) | ₹1,385.01 (Direct) |
| Expense ratio (Direct) | 0.15% | 0.10% |
| Expense ratio (Regular) | 0.26% | 0.25% |
| Riskometer | Low | Not available |
| Benchmark | CRISIL Liquid Debt A-I Index | Not available |
| Launch date | 07-04-2006 | Not available |
| Minimum investment | (a) Growth Option - Rs. 5,000/- (b) Monthly IDCW Option - Rs. 10,000/- Daily Reinvestment of Income Distribution Cum Capital Withdrawal (IDCW) Option- Rs. 1,00,000/-. | Not available |
| Lock in | None | Not available |
| Fund managers | Sneha Pandey, Mayur Chauhan | Not available |
| Exit load | 0.007% - if redeemed/switched out within 1 Day from the date of allotment, 0.0065% - if redeemed/switched out within 2 Days from the date of allotment, 0.006% - if redeemed/switched out within 3 Days from the date of allotment, 0.0055% - if redeemed/switched out within 4 Days from the date of allotment, 0.005% - if redeemed/switched out within 5 Days from the date of allotment, 0.0045% - if redeemed/switched out within 6 Days from the date of allotment, Nil - if redeemed / switched out after 7 Days from the date of allotment | Not available |
Quantum Liquid vs TRUSTMF Liquid: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Quantum Liquid Fund (Direct) | +0.43% | +1.42% | +2.91% | +5.90% | +6.47% | +6.07% | +5.64% |
| TRUSTMF Liquid Fund (Direct) | +0.46% | +1.52% | +3.18% | +6.41% | +6.84% | +6.37% | -- |
| Liquid average | +0.44% | +1.46% | +3.06% | +6.23% | +6.66% | +6.18% | -- |
Category average: the average of the 44 Liquid funds, same plan type.
Quantum Liquid vs TRUSTMF Liquid: Year-wise Returns
| Year | QuantumQuantum Liquid | TRUSTMFTRUSTMF Liquid |
|---|---|---|
| 2026to date | +4.90% | +5.35% |
| 2025 | +6.17% | +6.54% |
| 2024 | +7.12% | +7.36% |
| 2023 | +6.87% | +7.12% |
| 2022 | +4.69% | +4.89% |
| 2021 | +3.20% | -- |
Quantum Liquid vs TRUSTMF Liquid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 914 of them, one for each trading day from 25-04-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Quantum Liquid Fund (Direct)
TRUSTMF Liquid Fund (Direct)
to
Jul 2024Dec 2021
to
Dec 2024May 2022
to
May 2025Oct 2022
to
Oct 2025Mar 2023
to
Mar 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Quantum Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.4% | 6.6% | 5.4% | 6.8% |
| TRUSTMF Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.9% | 5.6% | 7.1% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 25-04-2021. Past returns do not promise future returns.
Quantum Liquid vs TRUSTMF Liquid: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-04-2021 to 30-10-2026: 67 instalments, ₹6,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Quantum LiquidQuantum Liquid Fund (Direct) | ₹6,70,000 | ₹7,98,761 | ₹1,28,761 | 6.2% |
| TRUSTMF LiquidTRUSTMF Liquid Fund (Direct) | ₹6,70,000 | ₹8,06,551 | ₹1,36,551 | 6.6% |
Quantum LiquidQuantum Liquid Fund (Direct)
TRUSTMF LiquidTRUSTMF Liquid Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Quantum Liquid vs TRUSTMF Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Quantum Liquid Fund (Direct) | TRUSTMF Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.90% | +6.41% |
| Standard deviation | 0.12% | 0.18% |
| Sharpe ratio | 5.57 | 6.48 |
| Sortino ratio | 13.02 | 20.20 |
| Maximum drawdown | −0.0% (15-10-2026) | −0.0% (07-07-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Quantum Liquid Fund (Direct) | TRUSTMF Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.47% | +6.84% |
| Standard deviation | 0.09% | 0.15% |
| Sharpe ratio | 4.74 | 5.28 |
| Sortino ratio | 10.61 | 16.44 |
| Maximum drawdown | −0.0% (15-10-2026) | −0.0% (07-07-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Quantum Liquid Fund (Direct) | TRUSTMF Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.07% | +6.37% |
| Standard deviation | 0.10% | 0.16% |
| Sharpe ratio | 2.65 | 3.64 |
| Sortino ratio | 4.36 | 9.02 |
| Maximum drawdown | −0.0% (05-05-2022) | −0.0% (04-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Quantum Liquid Fund (Direct) | TRUSTMF Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.66% | +6.08% |
| Standard deviation | 0.29% | 0.16% |
| Sharpe ratio | 1.31 | 3.30 |
| Sortino ratio | 2.10 | 7.66 |
| Maximum drawdown | −0.6% (27-03-2019) | −0.0% (04-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 03-01-2011 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Quantum Liquid Fund (Direct)
TRUSTMF Liquid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Quantum Liquid Fund (Direct) | −0.0% | 03-05-2022 | 05-05-2022 | 10-05-2022 | 5 days | 0.0% |
| TRUSTMF Liquid Fund (Direct) | −0.0% | 03-05-2022 | 04-05-2022 | 06-05-2022 | 2 days | 0.0% |
From daily values since 25-04-2021, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Quantum Liquid Fund (Direct)
TRUSTMF Liquid Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Quantum Liquid Fund (Direct)
TRUSTMF Liquid Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Quantum Liquid Fund (Direct)
TRUSTMF Liquid Fund (Direct)
Quantum Liquid vs TRUSTMF Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: Quantum Liquid Fund, September 2026; TRUSTMF Liquid Fund, September 2026
Holdings in common
- Overlap
- 20.2%
- Held by both
- 7
- Only in Quantum Liquid
- 12
- Only in TRUSTMF Liquid
- 22
| Security | % of Quantum Liquid | % of TRUSTMF Liquid |
|---|---|---|
| National Bank For Agri & Rural CP (MD 09/11/2026) | 9.15% | 6.64% |
| 91 Days Tbill (MD 27/11/2026) | 4.57% | 3.98% |
| Canara Bank CD (MD 04/12/2026) | 3.65% | 6.61% |
| Small Ind Dev Bk of India CD (MD 04/12/2026) | 3.65% | 3.30% |
| 91 Days Tbill (MD 19/11/2026) | 4.57% | 1.99% |
| 91 Days Tbill (MD 08/10/2026) | 5.52% | 0.32% |
| Corporate Debt Market Development Fund Class A2 | 0.34% | 0.28% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 20.2% means 20.2% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Quantum Liquid Fund
| Security | % of fund |
|---|---|
| 91 Days Tbill (MD 17/12/2026) | 9.11% |
| Punjab National Bank CD (MD 15/12/2026) | 8.19% |
| 7.23% IRFC NCD Sr 171 (MD 15/10/2026) | 7.37% |
| Canara Bank CD (MD 05/10/2026) | 4.60% |
| Small Ind Dev Bk of India CD (MD 27/10/2026) | 4.59% |
Largest holdings only in TRUSTMF Liquid Fund
| Security | % of fund |
|---|---|
| 364 Days Tbill (MD 19/11/2026) | 13.27% |
| Axis Bank Limited (15/10/2026) | 6.67% |
| Aditya Birla Money Limited (23/10/2026) | 6.66% |
| Canara Bank (18/11/2026) | 6.63% |
| HDFC Bank Limited (13/11/2026) | 6.63% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Quantum Liquid | TRUSTMF Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 90.6% | 117.4% |
| Cash and others | 9.4% | -17.4% |
Quantum Liquid vs TRUSTMF Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Quantum Liquid Fund | TRUSTMF Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.15% | 0.10% |
| Base expense ratio (Direct) | 0.13% | 0.09% |
| Total expense ratio (Regular) | 0.26% | 0.25% |
| Base expense ratio (Regular) | 0.22% | 0.22% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Quantum Liquid with
Quantum Liquid Fund vs TRUSTMF Liquid Fund: Frequently Asked Questions
What is the difference between Quantum Liquid Fund and TRUSTMF Liquid Fund?
Both are Liquid funds, run by Quantum Mutual Fund and Trust Mutual Fund. Their portfolios overlap 20.2%. Quantum Liquid Fund charges 0.15% a year and TRUSTMF Liquid Fund 0.10%.
Which has given higher returns, Quantum Liquid Fund or TRUSTMF Liquid Fund?
Over 1 year: Quantum Liquid Fund +5.90%, TRUSTMF Liquid Fund +6.41%. Over 3 years: Quantum Liquid Fund +6.47% a year, TRUSTMF Liquid Fund +6.84% a year. Over 5 years: Quantum Liquid Fund +6.07% a year, TRUSTMF Liquid Fund +6.37% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Quantum Liquid Fund or TRUSTMF Liquid Fund?
TRUSTMF Liquid Fund charges less: 0.10% a year against 0.15%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Quantum Liquid Fund and TRUSTMF Liquid Fund overlap?
20.2%. They hold 7 of the same securities, the largest shared ones being National Bank For Agri & Rural CP (MD 09/11/2026), 91 Days Tbill (MD 27/11/2026), Canara Bank CD (MD 04/12/2026). From each fund's latest monthly portfolio.
Which is better for SIP, Quantum Liquid Fund or TRUSTMF Liquid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,17,261 in Quantum Liquid Fund (XIRR 6.3% a year) and ₹7,23,889 in TRUSTMF Liquid Fund (XIRR 6.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Quantum Liquid Fund and TRUSTMF Liquid Fund?
Yes. 20.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.