COMPARE
Trust Mf Overnight Fund-direct Plan-growth vs Zerodha Overnight Fund - Direct Plan - Growth Option
Trust Mf Overnight Fund- and Zerodha Overnight Fund are both in the Overnight Fund category, from Trust Asset Management Private Limited and Zerodha Asset Management Private Limited respectively. Trust Mf Overnight Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Trust Mf Overnight Fund- has the lower direct-plan expense ratio, by 0.02 percentage points.
| Trust Mf Overnight Fund-direct Plan-growth | Zerodha Overnight Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Overnight Fund | Overnight Fund |
| AMC | Trust Asset Management Private Limited | Zerodha Asset Management Private Limited |
| Benchmark | No benchmark required for this fund category | No benchmark required for this fund category |
| NAV | ₹1311.0764 (2026-10-28) | ₹10.8503 (2026-10-28) |
| AUM | ₹82.47 Cr | ₹123.38 Cr |
| Expense Ratio (Direct) | 0.11% | 0.13% |
| Inception | 2022-01-17 | 2025-03-19 |
Returns
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
Zerodha Overnight Fund carries the higher portfolio YTM.
Punji Fund Health Score
Trust Mf Overnight Fund- and Zerodha Overnight Fund carry the same Punji Quality grade.
Frequently asked questions
Which has a lower expense ratio, Trust Mf Overnight Fund- or Zerodha Overnight Fund?
Trust Mf Overnight Fund-'s direct-plan expense ratio is 0.02 percentage points lower than Zerodha 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 Trust Mf Overnight Fund- and Zerodha 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, Trust Mf Overnight Fund- or Zerodha Overnight Fund?
Zerodha Overnight Fund has ₹123 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), Trust Mf Overnight Fund- or Zerodha Overnight Fund?
Zerodha Overnight Fund's portfolio YTM (5.25%) is higher than Trust Mf 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, Trust Mf Overnight Fund- or Zerodha Overnight Fund?
Trust Mf Overnight Fund- launched on 2022-01-17, making it older than Zerodha Overnight Fund (launched 2025-03-19). 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.