COMPARE
ICICI Prudential Overnight Fund - Direct Plan - Growth vs Trust Mf Overnight Fund-direct Plan-growth
ICICI Prudential Overnight Fund and Trust Mf Overnight Fund- are both in the Overnight Fund category, from ICICI Prudential Asset Management Company Limited and Trust Asset Management Private Limited respectively. Trust Mf Overnight Fund- has posted a higher 3-year rolling CAGR. ICICI Prudential Overnight Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
ICICI Prudential Overnight Fund has the lower direct-plan expense ratio, by 0.02 percentage points.
| ICICI Prudential Overnight Fund - Direct Plan - Growth | Trust Mf Overnight Fund-direct Plan-growth | |
|---|---|---|
| Category | Overnight Fund | Overnight Fund |
| AMC | ICICI Prudential Asset Management Company Limited | Trust Asset Management Private Limited |
| Benchmark | No benchmark required for this fund category | No benchmark required for this fund category |
| NAV | ₹1494.808 (2026-10-28) | ₹1311.0764 (2026-10-28) |
| AUM | ₹14,554.541 Cr | ₹82.47 Cr |
| Expense Ratio (Direct) | 0.09% | 0.11% |
| Inception | 2018-11-14 | 2022-01-17 |
Returns
Trust Mf Overnight Fund- leads on 3-year rolling CAGR (6.3% vs ICICI Prudential Overnight Fund's 5.2%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager.
Portfolio Analytics
Trust Mf Overnight Fund- carries the higher portfolio YTM.
Punji Fund Health Score
ICICI Prudential Overnight Fund and Trust Mf Overnight Fund- carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, ICICI Prudential Overnight Fund or Trust Mf Overnight Fund-?
Trust Mf Overnight Fund-'s 3-year rolling CAGR of 6.3% is higher than ICICI Prudential Overnight Fund's 5.2%. Trust Mf Overnight Fund- sits in the 97th percentile of its category on this metric, versus the 8th percentile for ICICI Prudential Overnight Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, ICICI Prudential Overnight Fund or Trust Mf Overnight Fund-?
ICICI Prudential Overnight Fund's direct-plan expense ratio is 0.02 percentage points lower than Trust Mf Overnight Fund-'s. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't ICICI Prudential Overnight Fund and Trust Mf Overnight Fund- show risk metrics like Sharpe ratio or alpha?
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, ICICI Prudential Overnight Fund or Trust Mf Overnight Fund-?
ICICI Prudential Overnight Fund has ₹14,555 Cr in assets under management, versus ₹82 Cr for Trust Mf Overnight Fund-. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which has a higher yield to maturity (YTM), ICICI Prudential Overnight Fund or Trust Mf Overnight Fund-?
Trust Mf Overnight Fund-'s portfolio YTM (5.2%) is higher than ICICI Prudential Overnight Fund's. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which fund has a longer track record, ICICI Prudential Overnight Fund or Trust Mf Overnight Fund-?
ICICI Prudential Overnight Fund launched on 2018-11-14, making it older than Trust Mf Overnight Fund- (launched 2022-01-17). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.