SBI Floating Interest Rates Fund vs TRUSTMF Money Market Fund
Direct Plan, Growth option · Data as on 30-10-2026
SBI Floating Interest Rates Fund is a Floater fund and TRUSTMF Money Market Fund is a Money Market fund. In the 3 years to 30-10-2026, SBI Floating Interest Rates Fund (Direct) returned 7.3% a year and TRUSTMF Money Market Fund (Direct) returned 7.1% a year. SBI Floating Interest Rates Fund charges 0.28% a year and TRUSTMF Money Market Fund 0.16% (Direct plans). Their portfolios overlap 11.5%: they hold 3 of the same securities.
SBI Floating Interest Rates Fund
Floater
- 3 year return
- 7.3%
- Expense ratio
- 0.28%
- NAV
- ₹14.51
TRUSTMF Money Market Fund
Money Market
- 3 year return
- 7.1%
- Expense ratio
- 0.16%
- NAV
- ₹1,331.33
Which is better, SBI Floating Interest Rates or TRUSTMF Money Market? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Floating Interest Rates returned more over 3 years: 7.3% a year against 7.1%.
- TRUSTMF Money Market returned more over 1 year: 6.3% against 6.1%.
- TRUSTMF Money Market costs less: 0.16% a year against 0.28% (Direct plans).
- TRUSTMF Money Market swung less over 3 years: a standard deviation of 0.4% a year against 0.9%.
- TRUSTMF Money Market fell less in its worst fall since 18-08-2022: −0.1% against −0.6%.
- SBI Floating Interest Rates is the larger fund: ₹676 Cr against ₹248 Cr.
- Their portfolios overlap 11.5%: 3 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 | SBI Floating Interest Rates Fund | TRUSTMF Money Market Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | Trust Mutual Fund |
| Category | Floater | Money Market |
| AUM | ₹676 Cr (30-09-2026) | ₹248 Cr (30-09-2026) |
| NAV | ₹14.51 (Direct) | ₹1,331.33 (Direct) |
| Expense ratio (Direct) | 0.28% | 0.16% |
| Expense ratio (Regular) | 0.42% | 0.45% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Not available |
| Launch date | Not available | Not available |
| Minimum investment | Not available | Not available |
| Lock in | Not available | Not available |
| Fund managers | Not available | Not available |
| Exit load | Not available | Not available |
SBI Floating Interest Rates vs TRUSTMF Money Market: 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 |
|---|---|---|---|---|---|---|---|
| SBI Floating Interest Rates Fund (Direct) | +0.14% | +0.57% | +2.90% | +6.14% | +7.33% | +6.68% | -- |
| TRUSTMF Money Market Fund (Direct) | +0.35% | +1.52% | +3.31% | +6.32% | +7.10% | -- | -- |
| Floater average | −0.01% | +0.56% | +2.76% | +5.43% | +7.47% | +6.73% | -- |
| Money Market average | +0.33% | +1.49% | +3.29% | +6.35% | +7.24% | -- | -- |
Category average: the average of the 12 Floater funds and the 27 Money Market funds, same plan type.
SBI Floating Interest Rates vs TRUSTMF Money Market: Year-wise Returns
| Year | SBI Floating Interest RatesSBI Floating Interest Rates | TRUSTMF Money MarketTRUSTMF Money Market |
|---|---|---|
| 2026to date | +5.31% | +5.26% |
| 2025 | +7.09% | +7.24% |
| 2024 | +8.40% | +7.58% |
| 2023 | +7.75% | +7.16% |
| 2022 | +4.53% | -- |
| 2021 | +3.72% | -- |
SBI Floating Interest Rates vs TRUSTMF Money Market: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 295 of them, one for each trading day from 18-08-2025 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.
SBI Floating Interest Rates Fund (Direct)
TRUSTMF Money Market Fund (Direct)
to
Sept 2025Dec 2022
to
Dec 2025Feb 2023
to
Feb 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Floating Interest Rates | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.8% | 7.8% | 7.3% | 8.1% |
| TRUSTMF Money Market | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.2% | 7.2% | 7.0% | 7.4% |
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 18-08-2022. Past returns do not promise future returns.
SBI Floating Interest Rates vs TRUSTMF Money Market: 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 01-08-2022 to 30-10-2026: 51 instalments, ₹5,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI Floating Interest RatesSBI Floating Interest Rates Fund (Direct) | ₹5,10,000 | ₹5,93,637 | ₹83,637 | 7.1% |
| TRUSTMF Money MarketTRUSTMF Money Market Fund (Direct) | ₹5,10,000 | ₹5,91,837 | ₹81,837 | 7.0% |
SBI Floating Interest RatesSBI Floating Interest Rates Fund (Direct)
TRUSTMF Money MarketTRUSTMF Money Market 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.
SBI Floating Interest Rates vs TRUSTMF Money Market: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI Floating Interest Rates Fund (Direct) | TRUSTMF Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.14% | +6.32% |
| Standard deviation | 1.24% | 0.46% |
| Sharpe ratio | 0.73 | 2.35 |
| Sortino ratio | 1.18 | 3.93 |
| Maximum drawdown | −0.6% (25-03-2026) | −0.1% (08-07-2026) |
| 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 | SBI Floating Interest Rates Fund (Direct) | TRUSTMF Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.33% | +7.10% |
| Standard deviation | 0.90% | 0.38% |
| Sharpe ratio | 1.46 | 2.80 |
| Sortino ratio | 2.38 | 5.29 |
| Maximum drawdown | −0.6% (25-03-2026) | −0.1% (08-07-2026) |
| 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 | SBI Floating Interest Rates Fund (Direct) | TRUSTMF Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.38% | +7.02% |
| Standard deviation | 0.79% | 0.36% |
| Sharpe ratio | 1.28 | 2.39 |
| Sortino ratio | 1.97 | 4.57 |
| Maximum drawdown | −0.6% (25-03-2026) | −0.1% (08-07-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 04-11-2020 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.
SBI Floating Interest Rates Fund (Direct)
TRUSTMF Money Market Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| SBI Floating Interest Rates Fund (Direct) | −0.6% | 16-03-2026 | 25-03-2026 | 24-04-2026 | 30 days | −0.0% |
| TRUSTMF Money Market Fund (Direct) | −0.1% | 06-07-2026 | 08-07-2026 | 17-07-2026 | 9 days | 0.0% |
From daily values since 18-08-2022, 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.
SBI Floating Interest Rates Fund (Direct)
TRUSTMF Money Market 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.
SBI Floating Interest Rates Fund (Direct)
TRUSTMF Money Market Fund (Direct)
SBI Floating Interest Rates vs TRUSTMF Money Market: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Floating Interest Rates Fund, September 2026; TRUSTMF Money Market Fund, September 2026
Holdings in common
- Overlap
- 11.5%
- Held by both
- 3
- Only in SBI Floating Interest Rates
- 15
- Only in TRUSTMF Money Market
- 19
| Security | % of SBI Floating Interest Rates | % of TRUSTMF Money Market |
|---|---|---|
| Axis Bank Ltd. | 7.30% | 7.97% |
| Bank of Baroda | 6.51% | 3.95% |
| Corporate Debt Market Development Fund-A2 | 0.88% | 0.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.5% means 11.5% 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 SBI Floating Interest Rates Fund
| Security | % of fund |
|---|---|
| 6.84% State Government of Gujarat 2031 | 11.52% |
| 7.57% State Government of Gujarat 2031 | 7.42% |
| National Bank for Agriculture and Rural Development | 7.40% |
| Sundaram Finance Ltd. | 7.23% |
| Punjab National Bank | 7.18% |
Largest holdings only in TRUSTMF Money Market Fund
| Security | % of fund |
|---|---|
| Export Import Bank of India (11/11/2026) | 10.02% |
| Aditya Birla Capital Limited (29/12/2026) | 9.92% |
| Indian Bank (21/06/2027) | 7.67% |
| Punjab National Bank (09/02/2027) | 5.91% |
| Kotak Securities Limited (23/02/2027) | 5.88% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI Floating Interest Rates | TRUSTMF Money Market |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 94.6% | 91.5% |
| Cash and others | 5.4% | 8.5% |
SBI Floating Interest Rates vs TRUSTMF Money Market: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Floating Interest Rates Fund | TRUSTMF Money Market Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.28% | 0.16% |
| Base expense ratio (Direct) | 0.22% | 0.14% |
| Total expense ratio (Regular) | 0.42% | 0.45% |
| Base expense ratio (Regular) | 0.34% | 0.40% |
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 SBI Floating Interest Rates with
- SBI Floating Interest Rates vs Axis Floating Interest Rates
- SBI Floating Interest Rates vs Franklin India Floating Interest Rates
- SBI Floating Interest Rates vs Bandhan Floating Interest Rates
- SBI Floating Interest Rates vs ICICI Prudential Floating Interest Rates
- SBI Floating Interest Rates vs Kotak Floating Interest Rates
SBI Floating Interest Rates Fund vs TRUSTMF Money Market Fund: Frequently Asked Questions
What is the difference between SBI Floating Interest Rates Fund and TRUSTMF Money Market Fund?
SBI Floating Interest Rates Fund is a Floater fund, TRUSTMF Money Market Fund is a Money Market fund, run by SBI Mutual Fund and Trust Mutual Fund. Their portfolios overlap 11.5%. SBI Floating Interest Rates Fund charges 0.28% a year and TRUSTMF Money Market Fund 0.16%.
Which has given higher returns, SBI Floating Interest Rates Fund or TRUSTMF Money Market Fund?
Over 1 year: SBI Floating Interest Rates Fund +6.14%, TRUSTMF Money Market Fund +6.32%. Over 3 years: SBI Floating Interest Rates Fund +7.33% a year, TRUSTMF Money Market Fund +7.10% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI Floating Interest Rates Fund or TRUSTMF Money Market Fund?
TRUSTMF Money Market Fund charges less: 0.16% a year against 0.28%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI Floating Interest Rates Fund and TRUSTMF Money Market Fund overlap?
11.5%. They hold 3 of the same securities, the largest shared ones being Axis Bank Ltd., Bank of Baroda, Corporate Debt Market Development Fund-A2. From each fund's latest monthly portfolio.
Which is better for SIP, SBI Floating Interest Rates Fund or TRUSTMF Money Market Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,11,048 in SBI Floating Interest Rates Fund (XIRR 6.8% a year) and ₹4,11,438 in TRUSTMF Money Market Fund (XIRR 6.8% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both SBI Floating Interest Rates Fund and TRUSTMF Money Market Fund?
Yes. 11.5% 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.