Tata Retirement Savings Fund

The Tata Retirement Savings Fund - managed by the Tata Mutual Fund (Tata MF) - has been in the market for more than a decade. To maintain a balance between promising returns and safety of investment, the fund invests 65%-80% of your money in equity shares and the balance in debt and money market instruments.

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We are rated⁺⁺

9.7 Crore

Registered Consumer

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4.9 Crore

Policies Sold

The fund is an open-ended aggressive hybrid scheme and is offered in two types of plans:

Tata Retirement Savings Fund - Regular Plan
Tata Retirement Savings Fund - Direct Plan

These plans are further offered in two categories:

Moderate Option
Progressive Option

Tata Retirement Savings Fund Facts

Fund House	Tata Mutual Fund House
Asset Management Company	Tata Asset Management Private Limited
Fund Category	Hybrid
Fund Class	Equity
Launch date	November 01, 2011
Benchmark	CRISIL Hybrid 25+75 Aggressive Index
Fund Type	Open-ended
Risk level	Average
Investment amount	Minimum investment: INR 5,000
Entry load	Zero
Exit load	1% for redemption within 61 months

Investment Objective

The primary objective of the Tata Retirement Savings Fund is to be a financial planning tool for the long-term financial security of investors based on their retirement planning goals. The composition of the fund comprises 77.33% in equities, 15.85% in debts, and 6.83% in cash & cash equivalents. The top 3 sectors comprise 38.5% of the fund, with the top 10 equity holdings comprising 35.18% of the fund. The fund primarily follows a growth-oriented style of investing and invests across market capitalization. It presently invests 67.33% in giant & large-cap companies, 26.74% in mid-cap, and 5.92% in small-cap companies.

The mutual fund house constantly monitors the economic conditions and the market fluctuations to ensure the stable performance of the fund. Investments are made only when the securities show promising return trends. The constant monitoring also helps the fund house invest in the market when conditions are most favorable that yield positive results.

Fund Summary

Tata Retirement Savings Fund - Moderate Option - Regular Plan
- Risk: Average
- Expense Ratio (as of January 31, 2022): 2.12%
- Net Asset Value (NAV): INR 40.7936 (as of February 28, 2022)
- Returns: 11.04% (5 year)
- Compound Annual Growth Rate (CAGR): 14.57% p.a. (since inception)
Tata Retirement Savings Fund - Moderate Option - Direct Plan
- Risk: Average
- Expense Ratio (as of January 31, 2022): 0.64%
- Net Asset Value (NAV): INR 46.3064 (as of February 28, 2022)
- Returns: 12.57% (5 year)
- Compound Annual Growth Rate (CAGR): 15.76% p.a. (since inception)
Tata Retirement Savings Fund - Progressive Option - Regular Plan
- Risk: Below Average
- Expense Ratio (as of January 31, 2022): 2.23%
- Net Asset Value (NAV): INR 40.14 (as of February 28, 2022)
- Returns: 12.05% (5 year)
- Compound Annual Growth Rate (CAGR): 14.39% p.a. (since inception)
Tata Retirement Savings Fund - Progressive Option - Direct Plan
- Risk: Below Average
- Expense Ratio (as of January 31, 2022): 0.3%
- Net Asset Value (NAV): INR 46.3489 (as of February 28, 2022)
- Returns: 13.74% (5 year)
- Compound Annual Growth Rate (CAGR): 15.59% p.a. (since inception)

Fund Return Summary

Tata Retirement Savings Fund – Moderate Option - Regular Plan:

Tenure Percentage Return

1 year 10.21%

3 years 12.98%

5 years 11.04%

Since inception 14.57%
Tata Retirement Savings Fund – Moderate Option - Direct Plan:

Tenure Percentage Return

1 year 11.85%

3 years 14.68%

5 years 12.57%

Since inception 15.76%
Tata Retirement Savings Fund – Progressive Option - Regular plan:

Tenure Percentage Return

1 year 9.71%

3 years 14.08%

5 years 12.05%

Since inception 14.39%
Tata Retirement Savings Fund – Progressive Option - Direct Plan:

Tenure Percentage Return

1 year 11.44%

3 years 15.98%

5 years 13.74%

Since inception 15.59%

*Returns are subject to change.

*The investment risk in the investment portfolio is borne by the policyholder.

Pros and Cons

Pros	Cons
Generates promising returns over the long term	Not suitable for short term investment goals
Moderately lower risk than pure equity-based funds	Higher expense ratio
The fund provides a return that is higher than fixed deposits and the inflation rate over 5 years or more	The fund is riskier than fixed deposits and is vulnerable to price volatility.

Benefits of the Tata Retirement Savings Fund

The Tata Retirement Savings Fund has the following benefits:

Effective Combination: The fund provides a combination of long-term wealth creation and income generation opportunities. Notwithstanding the price volatility, one should invest in this fund for a period not less than five years.
Lower Volatility: NAVs of such funds tend to fall lesser than pure equity funds when the broader stock markets decline due to significant debt allocation. These funds are suitable for equity investors who prefer conservative equity allocation.

Who Should Invest in the Tata Retirement Savings Fund?

The fund is best suited for investors who are looking for:

Conservative asset allocation
Income generation as well as wealth creation

FAQ's

Should I invest in Tata Retirement Savings Fund by way of a SIP or as a lump sum?

Ans. Being an equity fund, the NAV of Tata Retirement Savings Fund is expected to display minor volatility in the short to medium term. Hence, it is recommended that investment in Tata Retirement Savings Fund should be through a SIP, as it provides the investor the flexibility to invest a smaller amount every month without the risk of investing a lump sum amount at an elevated NAV.
How should I invest in Tata Retirement Savings Fund to finance my retirement?

Ans. Since an investor has to pay exit load in this fund for the exit before 61 months, one should invest in this fund to finance one’s retirement at least five years before the date of retirement.
What is the tax treatment for the Tata Retirement Savings Fund investors?

Ans. The fund is treated as an equity fund for income tax purposes. For fund units that are held for more than one year, the gains are classified as a long-term capital gains. In a financial year, long-term capital gains of up to INR 1 lakh are exempt from tax, post which a flat rate of 10% is applicable.
Who are the fund managers of the Tata Retirement Savings Fund?

Ans. The Tata Retirement Savings Fund - Moderate Plan - Regular Plan is managed by Sonam Udasi (Since April 01, 2016) and Murthy Nagarajan (Since April 01, 2017).
What is the lock-in period of the Tata Retirement Savings Fund?

Ans. The lock-in period for the Tata Retirement Savings Fund is 5 years.
What are the top 10 equity holdings of the Tata Retirement Savings Fund?
Ans. The top 10 equity holdings of the Tata Retirement Savings Fund are:
- ICICI Bank
- Reliance Industries
- Tata Consultancy Services
- Infosys
- HDFC Bank
- ITC
- Axis Bank
- HCL Technologies
- Radico Khaitan
- Polycab India
What is the minimum withdrawal limit for a Systematic Withdrawal Plan under the Tata Retirement Savings Fund?

Ans. The minimum withdrawal limit for a Systematic Withdrawal Plan under the Tata Retirement Savings Fund is INR 500.

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Past 10 Years' annualised returns as on 01-05-2025

^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.

Tax benefit is subject to changes in tax laws. Standard T&C Apply
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%

¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.

**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).

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