TRUSTMF Liquid Fund is a Liquid fund run by Trust Mutual Fund. On 30-09-2026, it managed ₹748 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.8% a year and its Regular plan returned 6.7% a year.
NAV on 30-10-2026: Direct Plan Growth ₹1,385.01 (up 0.02% that day); Regular Plan Growth ₹1,373.48 (up 0.02% that day).
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Period | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| This fund (Direct) | +0.46% | +1.52% | +3.18% | +6.41% | +6.84% | +6.37% | -- |
| This fund (Regular) | +0.44% | +1.48% | +3.10% | +6.25% | +6.68% | +6.21% | -- |
| Liquid average | +0.44% | +1.46% | +3.06% | +6.23% | +6.66% | +6.18% | -- |
| Best in Liquid | +0.48% | +1.54% | +3.26% | +6.54% | +6.96% | +6.47% | -- |
| Worst in Liquid | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -- |
| Rank in Liquid | 5/43 | 7/42 | 18/42 | 28/40 | 27/36 | 24/34 | -- |
Category rows compare the Direct plans of 44 Liquid funds. Rank 1 is the highest return. The fund house names no benchmark we can show, so the category average is the comparison.
| Year | Direct | Regular |
|---|---|---|
| 2026to date | +5.35% | +5.22% |
| 2025 | +6.54% | +6.37% |
| 2024 | +7.36% | +7.20% |
| 2023 | +7.12% | +6.96% |
| 2022 | +4.89% | +4.73% |
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 914 periods, one for each trading day from 25-04-2024 to 30-10-2026.
TRUSTMF Liquid Fund (Direct)
Category average, 43 Liquid funds
Every holding period at a glance
| Period | Periods | Median | Lowest | Highest | With a loss | Category median | Beat category |
|---|---|---|---|---|---|---|---|
| 1 year | 1,526 | 6.7% | 3.4% | 7.4% | 0% | 6.5% | 100% |
| 2 years | 1,219 | 6.9% | 4.7% | 7.3% | 0% | 6.7% | 100% |
| 3 years | 914 | 6.9% | 5.6% | 7.1% | 0% | 6.7% | 100% |
| 5 years | 184 | 6.2% | 6.1% | 6.4% | 0% | 6.0% | 100% |
Every SIP holding period at a glance
| Period | Periods | Median | Lowest | Highest | With a loss | Category median | Beat category |
|---|---|---|---|---|---|---|---|
| 1 year | 55 | 6.7% | 3.5% | 7.4% | 0% | 6.5% | 100% |
| 2 years | 43 | 6.8% | 5.3% | 7.3% | 0% | 6.6% | 100% |
| 3 years | 31 | 6.8% | 6.4% | 7.2% | 0% | 6.7% | 100% |
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 43 Liquid funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
How much it swings, and the falls an investor had to sit through
Risk and return
| Measure | TRUSTMF Liquid Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.41% | +6.22% |
| Standard deviation | 0.18% | 0.18% |
| Sharpe ratio | 6.48 | 5.54 |
| Sortino ratio | 20.20 | 14.81 |
| Maximum drawdown | −0.01% (07-07-2026) | −0.01% (22-10-2026) |
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.
| Measure | TRUSTMF Liquid Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.84% | +6.66% |
| Standard deviation | 0.15% | 0.14% |
| Sharpe ratio | 5.28 | 4.68 |
| Sortino ratio | 16.44 | 12.26 |
| Maximum drawdown | −0.01% (07-07-2026) | −0.01% (22-10-2026) |
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.
| Measure | TRUSTMF Liquid Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.37% | +6.19% |
| Standard deviation | 0.16% | 0.13% |
| Sharpe ratio | 3.64 | 2.95 |
| Sortino ratio | 9.02 | 5.88 |
| Maximum drawdown | −0.01% (04-05-2022) | −0.03% (05-05-2022) |
From daily NAVs, 29-10-2021 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.
| Measure | TRUSTMF Liquid Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.08% | +5.90% |
| Standard deviation | 0.16% | 0.13% |
| Sharpe ratio | 3.30 | 2.58 |
| Sortino ratio | 7.66 | 4.96 |
| Maximum drawdown | −0.01% (04-05-2022) | −0.03% (05-05-2022) |
From daily NAVs, 26-04-2021 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.
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.
TRUSTMF Liquid Fund (Direct)
Category average, 43 Liquid funds
| Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today | |
|---|---|---|---|---|---|---|
| TRUSTMF Liquid Fund (Direct) | −0.01% | 03-05-2022 | 04-05-2022 | 06-05-2022 | 2 days | 0.0% |
| Category average | −0.03% | 03-05-2022 | 05-05-2022 | 08-05-2022 | 3 days | 0.0% |
From the Direct plan's daily NAV since 25-04-2021, adjusted for unit splits, and the average of the 43 Liquid funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
The five Liquid funds with the best three year return, and this fund. Direct plans.
| Fund name | Rank | AUM (Cr) | Exp. ratio | 1Y return | 3Y return | 3Y alpha | 3Y beta | 3Y Sharpe | 3Y Sortino | |
|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Liquid Fund | 1/36 | 61,167 | 0.21% | +6.52% | +6.96% | -- | -- | 6.22 | 17.25 | Compare |
| Axis Liquid Fund | 1/36 | 53,470 | 0.13% | +6.54% | +6.96% | -- | -- | 6.39 | 19.90 | Compare |
| Edelweiss Liquid Fund | 1/36 | 11,741 | 0.10% | +6.50% | +6.96% | -- | -- | 6.45 | 18.56 | Compare |
| Franklin India Liquid Fund | 4/36 | 4,811 | 0.14% | +6.52% | +6.95% | -- | -- | 6.51 | 21.25 | Compare |
| Sundaram Liquid Fund | 4/36 | 6,727 | 0.14% | +6.53% | +6.95% | -- | -- | 6.03 | 18.56 | Compare |
| TRUSTMF Liquid Fund | 27/36 | 748 | 0.10% | +6.41% | +6.84% | -- | -- | 5.28 | 16.44 |
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
What each plan charges a year, in force from 01-09-2026
| Plan | Base expense ratio | Brokerage | Transaction costs | Levies and GST | Total expense ratio | Liquid median | Cost rank (1 = cheapest) |
|---|---|---|---|---|---|---|---|
| Direct | 0.09% | 0.00% | 0.00% | 0.01% | 0.10% | 0.14% | 9/43 |
| Regular | 0.22% | 0.00% | 0.00% | 0.03% | 0.25% | 0.25% | 21/43 |
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Liquid funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
| Over the last | Regular | Direct | Direct earned more by | ₹1 lakh became (Regular) | ₹1 lakh became (Direct) |
|---|---|---|---|---|---|
| 1 year | 6.25% | 6.41% | 0.16% | ₹1,06,250 | ₹1,06,410 |
| 3 years | 6.68% | 6.84% | 0.16% a year | ₹1,21,408 | ₹1,21,956 |
| 5 years | 6.21% | 6.37% | 0.16% a year | ₹1,35,153 | ₹1,36,175 |
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 25-04-2021 to 30-10-2026: 67 instalments, ₹6,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Direct planTRUSTMF Liquid Fund (Direct) | ₹6,70,000 | ₹8,06,551 | ₹1,36,551 | 6.6% |
| Regular planTRUSTMF Liquid Fund (Regular) | ₹6,70,000 | ₹8,02,900 | ₹1,32,900 | 6.4% |
| Category averageCategory average, 43 Liquid funds | ₹6,70,000 | ₹8,02,346 | ₹1,32,346 | 6.4% |
Direct planTRUSTMF Liquid Fund (Direct)
Regular planTRUSTMF Liquid Fund (Regular)
Category averageCategory average, 43 Liquid funds
Amount invested
From each plan's published NAV (Growth option) and the category average, 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.
Asset allocation as on 30-09-2026
117.4%Debt
| Asset | Fund | Category |
|---|---|---|
| Debt | 117.4% | 97.0% |
| Cash and others | −17.4% | 6.5% |
Cash and others is below 0: on that day the fund owed more in payments due than it held in cash.
Bonds and money market papers by credit rating, % of the fund. Category: the average of 42 Liquid funds.
| Rating | Fund | Category |
|---|---|---|
| Sovereign | 25.2% | 15.2% |
| AAA and A1+ | 92.1% | 81.1% |
As on 30-09-2026 · 29 holdings · from the fund house's monthly portfolio
| Holdings | Rating | Weight% |
|---|---|---|
| 364 Days Tbill (MD 19/11/2026) · Treasury bill | Sovereign | 13.27% |
| Axis Bank Limited (15/10/2026) | CRISIL A1+ | 6.67% |
| Aditya Birla Money Limited (23/10/2026) · Commercial paper | CRISIL A1+ | 6.66% |
| National Bank For Agriculture and Rural Development (09/11/2026) · Commercial paper | ICRA A1+ | 6.64% |
| Canara Bank (18/11/2026) · Certificate of deposit | ICRA A1+ | 6.63% |
| HDFC Bank Limited (13/11/2026) · Certificate of deposit | CARE A1+ | 6.63% |
| Canara Bank (04/12/2026) · Certificate of deposit | CRISIL A1+ | 6.61% |
| Hindustan Petroleum Corporation Limited (03/12/2026) · Commercial paper | CRISIL A1+ | 6.61% |
| Bank of Baroda (25/11/2026) · Certificate of deposit | IND A1+ | 5.96% |
| 91 Days Tbill (MD 27/11/2026) · Treasury bill | Sovereign | 3.98% |
| 91 Days Tbill (MD 29/10/2026) · Treasury bill | Sovereign | 3.33% |
| Union Bank of India (21/10/2026) · Certificate of deposit | ICRA A1+ | 3.33% |
| Bank of Baroda (11/11/2026) · Certificate of deposit | CARE A1+ | 3.32% |
| Bank of Baroda (06/11/2026) · Certificate of deposit | IND A1+ | 3.32% |
| Network18 Media & Investments Limited (11/11/2026) · Commercial paper | CARE A1+ | 3.32% |
| Kotak Securities Limited (23/11/2026) · Commercial paper | ICRA A1+ | 3.31% |
| ICICI Securities Limited (23/11/2026) · Commercial paper | CRISIL A1+ | 3.31% |
| Motilal Oswal Financial Services Limited (11/11/2026) · Commercial paper | ICRA A1+ | 3.31% |
| Motilal Oswal Financial Services Limited (23/11/2026) · Commercial paper | CRISIL A1+ | 3.31% |
| Small Industries Dev Bank of India (04/12/2026) · Certificate of deposit | CARE A1+ | 3.30% |
| Union Bank of India (28/12/2026) · Certificate of deposit | ICRA A1+ | 3.29% |
| Aditya Birla Capital Limited (29/12/2026) · Commercial paper | ICRA A1+ | 3.29% |
| Axis Securities Limited (02/12/2026) · Commercial paper | CARE A1+ | 2.64% |
| 91 Days Tbill (MD 19/11/2026) · Treasury bill | Sovereign | 1.99% |
| 182 Days Tbill (MD 19/11/2026) · Treasury bill | Sovereign | 1.99% |
| Axis Bank Limited (16/12/2026) | CRISIL A1+ | 0.66% |
| 91 Days Tbill (MD 03/12/2026) · Treasury bill | Sovereign | 0.36% |
| 91 Days Tbill (MD 08/10/2026) · Treasury bill | Sovereign | 0.32% |
| Corporate Debt Market Development Fund | 0.28% |
Funds with the most similar portfolios, across every fund house and category
| Fund | Overlap | Holdings in common | |
|---|---|---|---|
| Quantum Liquid FundLiquid · Quantum | 20.2% | 7 | Compare |
| Union Liquid FundLiquid · Union | 19.5% | 11 | Compare |
| Mirae Asset Liquid FundLiquid · Mirae Asset | 15.5% | 11 | Compare |
| Edelweiss Liquid FundLiquid · Edelweiss | 14.8% | 9 | Compare |
| Bajaj Finserv Liquid FundLiquid · Bajaj Finserv | 14.5% | 8 | Compare |
| Kotak Liquid FundLiquid · Kotak Mahindra | 13.4% | 11 | Compare |
| Mahindra Manulife Liquid FundLiquid · Mahindra Manulife | 13.1% | 5 | Compare |
| HSBC Liquid FundLiquid · HSBC | 13.0% | 10 | Compare |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Fund facts from the scheme summary document
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
| Plan | Option | NAV | As on |
|---|---|---|---|
| direct | Daily Income Distribution Cum Capital Withdrawal | ₹1,302.972 | 30-10-2026 |
| direct | Monthly Income Distribution Cum Capital Withdrawal | ₹1,229.5126 | 30-10-2026 |
| direct | Weekly Income Distribution Cum Capital Withdrawal | ₹1,257.4337 | 30-10-2026 |
| direct | Growth | ₹1,385.0125 | 30-10-2026 |
| regular | Daily Income Distribution Cum Capital Withdrawal | ₹1,228.3063 | 30-10-2026 |
| regular | Monthly Income Distribution Cum Capital Withdrawal | ₹1,219.2043 | 30-10-2026 |
| regular | Weekly Income Distribution Cum Capital Withdrawal | ₹1,203.1624 | 30-10-2026 |
| regular | Growth | ₹1,373.4789 | 30-10-2026 |
TRUSTMF Liquid Fund is a mutual fund from Trust Mutual Fund. Its category is Liquid. At the end of September 2026 it held 29 securities.
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See all funds of Trust Mutual Fund
AUM moves with money invested or taken out, and with the value of what the fund holds.
Returns, risk, costs and the stocks they share, side by side
The Direct plan NAV is ₹1,385.0125. The Regular plan NAV is ₹1,373.4789, as on 30-10-2026.
The Direct plan returned +6.41% in 1 year, +6.84% a year over 3 years, +6.37% a year over 5 years. The Regular plan returned +6.25% in 1 year, +6.68% a year over 3 years, +6.21% a year over 5 years. These figures are as on 30-10-2026.
The Direct plan charges 0.10% a year. The Regular plan charges 0.25% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
TRUSTMF Liquid Fund managed ₹748.11 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
At the end of September 2026 the largest holdings were 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%), National Bank For Agriculture and Rural Development (09/11/2026) (6.64%), Canara Bank (18/11/2026) (6.63%). The fund held 29 securities in all.
Through Trust Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. You can invest once or through a monthly SIP.
The Direct plan ranks 27 of 36 Liquid funds by its 3 year return. The category average is +6.66% a year.
Both plans hold the same investments. The Regular plan pays a commission to the distributor who sold it, so it charges more. The Direct plan charges 0.10% a year and the Regular plan 0.25%. The lower charge is why the Direct plan's NAV is higher.
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its 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.
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