Tata Overnight Fund vs TRUSTMF Overnight Fund
Direct Plan, Growth option · Data as on 30-10-2026
Tata Overnight Fund and TRUSTMF Overnight Fund are both Overnight funds. In the 3 years to 30-10-2026, Tata Overnight Fund (Direct) returned 6.0% a year and TRUSTMF Overnight Fund (Direct) returned 6.0% a year. Tata Overnight Fund charges 0.09% a year and TRUSTMF Overnight Fund 0.11% (Direct plans). Their portfolios overlap 0.9%: they hold 1 of the same security.
TRUSTMF Overnight Fund
Overnight
- 3 year return
- 6.0%
- Expense ratio
- 0.11%
- NAV
- ₹1,311.47
Which is better, Tata Overnight or TRUSTMF Overnight? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata Overnight returned more over 3 years: 6.0% a year against 6.0%.
- Tata Overnight returned more over 1 year: 5.3% against 5.1%.
- Tata Overnight costs less: 0.09% a year against 0.11% (Direct plans).
- Tata Overnight swung less over 3 years: a standard deviation of 0.0% a year against 0.1%.
- Tata Overnight is the larger fund: ₹5,556 Cr against ₹74 Cr.
- Their portfolios overlap 0.9%: 1 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 | Tata Overnight Fund | TRUSTMF Overnight Fund |
|---|---|---|
| Fund house | Tata Mutual Fund | Trust Mutual Fund |
| Category | Overnight | Overnight |
| AUM | ₹5,556 Cr (30-09-2026) | ₹74 Cr (30-09-2026) |
| NAV | ₹1,465.12 (Direct) | ₹1,311.47 (Direct) |
| Expense ratio (Direct) | 0.09% | 0.11% |
| Expense ratio (Regular) | 0.21% | 0.17% |
| Riskometer | Low | Not available |
| Benchmark | CRISIL Liquid Overnight Index (AI) | Not available |
| Launch date | 26-03-2019 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Jennifer Karkaria, Vijay Kerkar | Not available |
| Exit load | NIL | Not available |
Tata Overnight vs TRUSTMF Overnight: 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 |
|---|---|---|---|---|---|---|---|
| Tata Overnight Fund (Direct) | +0.45% | +1.30% | +2.62% | +5.30% | +6.05% | +5.79% | -- |
| TRUSTMF Overnight Fund (Direct) | +0.44% | +1.27% | +2.55% | +5.13% | +5.95% | -- | -- |
| Overnight average | +0.45% | +1.28% | +2.59% | +5.22% | +5.99% | -- | -- |
Category average: the average of the 40 Overnight funds, same plan type.
Tata Overnight vs TRUSTMF Overnight: Year-wise Returns
| Year | TataTata Overnight | TRUSTMFTRUSTMF Overnight |
|---|---|---|
| 2026to date | +4.35% | +4.22% |
| 2025 | +5.86% | +5.73% |
| 2024 | +6.74% | +6.71% |
| 2023 | +6.71% | +6.72% |
| 2022 | +4.70% | -- |
| 2021 | +3.19% | -- |
Tata Overnight vs TRUSTMF Overnight: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 645 of them, one for each trading day from 19-01-2025 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.
Tata Overnight Fund (Direct)
TRUSTMF Overnight Fund (Direct)
to
Mar 2025Jun 2022
to
Jun 2025Oct 2022
to
Oct 2025Feb 2023
to
Feb 2026May 2023
to
May 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tata Overnight | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.3% | 6.4% | 6.0% | 6.5% |
| TRUSTMF Overnight | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.3% | 6.3% | 5.9% | 6.5% |
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 19-01-2022. Past returns do not promise future returns.
Tata Overnight vs TRUSTMF Overnight: 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 01-01-2022 to 30-10-2026: 58 instalments, ₹5,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Tata OvernightTata Overnight Fund (Direct) | ₹5,80,000 | ₹6,70,578 | ₹90,578 | 6.0% |
| TRUSTMF OvernightTRUSTMF Overnight Fund (Direct) | ₹5,80,000 | ₹6,68,997 | ₹88,997 | 5.9% |
Tata OvernightTata Overnight Fund (Direct)
TRUSTMF OvernightTRUSTMF Overnight 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.
Tata Overnight vs TRUSTMF Overnight: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Tata Overnight Fund (Direct) | TRUSTMF Overnight Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.30% | +5.13% |
| Standard deviation | 0.04% | 0.04% |
| Sharpe ratio | 1.26 | -2.94 |
| Sortino ratio | 4.98 | -7.12 |
| Maximum drawdown | 0.0% | 0.0% |
| 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 | Tata Overnight Fund (Direct) | TRUSTMF Overnight Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.05% | +5.95% |
| Standard deviation | 0.04% | 0.09% |
| Sharpe ratio | 0.64 | -0.85 |
| Sortino ratio | 1.02 | -2.10 |
| Maximum drawdown | 0.0% | 0.0% |
| 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 | Tata Overnight Fund (Direct) | TRUSTMF Overnight Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.15% | +5.84% |
| Standard deviation | 0.07% | 0.11% |
| Sharpe ratio | -0.28 | -0.65 |
| Sortino ratio | -0.37 | -1.45 |
| Maximum drawdown | 0.0% | 0.0% |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-03-2019 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.
Tata Overnight Fund (Direct)
TRUSTMF Overnight Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Tata Overnight Fund (Direct) | 0.0% | -- | -- | -- | -- | 0.0% |
| TRUSTMF Overnight Fund (Direct) | 0.0% | -- | -- | -- | -- | 0.0% |
From daily values since 19-01-2022, 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.
Tata Overnight Fund (Direct)
TRUSTMF Overnight 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.
Tata Overnight Fund (Direct)
TRUSTMF Overnight Fund (Direct)
Tata Overnight vs TRUSTMF Overnight: Portfolio Overlap
From each fund's latest monthly portfolio: Tata Overnight Fund, September 2026; TRUSTMF Overnight Fund, September 2026
Holdings in common
- Overlap
- 0.9%
- Held by both
- 1
- Only in Tata Overnight
- 2
- Only in TRUSTMF Overnight
- 0
| Security | % of Tata Overnight | % of TRUSTMF Overnight |
|---|---|---|
| ** TREASURY BILL 91 DAYS (08/10/2026) | 0.90% | 2.30% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 0.9% means 0.9% 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 Tata Overnight Fund
| Security | % of fund |
|---|---|
| ** TREASURY BILL 91 DAYS (01/10/2026) | 1.80% |
| ** TREASURY BILL 364 DAYS (08/10/2026) | 0.27% |
Largest holdings only in TRUSTMF Overnight Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Tata Overnight | TRUSTMF Overnight |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 3.0% | 2.3% |
| Cash and others | 97.0% | 97.7% |
Tata Overnight vs TRUSTMF Overnight: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Tata Overnight Fund | TRUSTMF Overnight Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.09% | 0.11% |
| Base expense ratio (Direct) | 0.05% | 0.06% |
| Total expense ratio (Regular) | 0.21% | 0.17% |
| Base expense ratio (Regular) | 0.16% | 0.11% |
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 Tata Overnight with
Tata Overnight Fund vs TRUSTMF Overnight Fund: Frequently Asked Questions
What is the difference between Tata Overnight Fund and TRUSTMF Overnight Fund?
Both are Overnight funds, run by Tata Mutual Fund and Trust Mutual Fund. Their portfolios overlap 0.9%. Tata Overnight Fund charges 0.09% a year and TRUSTMF Overnight Fund 0.11%.
Which has given higher returns, Tata Overnight Fund or TRUSTMF Overnight Fund?
Over 1 year: Tata Overnight Fund +5.30%, TRUSTMF Overnight Fund +5.13%. Over 3 years: Tata Overnight Fund +6.05% a year, TRUSTMF Overnight Fund +5.95% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Tata Overnight Fund or TRUSTMF Overnight Fund?
Tata Overnight Fund charges less: 0.09% a year against 0.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Tata Overnight Fund and TRUSTMF Overnight Fund overlap?
0.9%. They hold 1 of the same securities, the largest shared ones being ** TREASURY BILL 91 DAYS (08/10/2026). From each fund's latest monthly portfolio.
Which is better for SIP, Tata Overnight Fund or TRUSTMF Overnight Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 01-10-2023 to 30-10-2026 grew to ₹4,04,463 in Tata Overnight Fund (XIRR 5.7% a year) and ₹4,03,693 in TRUSTMF Overnight Fund (XIRR 5.6% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Tata Overnight Fund and TRUSTMF Overnight Fund?
Yes. 0.9% of each fund's money sits in the same holdings, so the two hold mostly different investments.
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.