Tata Retirement Savings Progressive Fund Direct Growth

Hybrid
Direct
Retirement
Tata Retirement Savings Progressive Fund Direct Growth

About the Fund

Tata Retirement Savings Progressive Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Sonam Udasi, Murthy Nagarajan. This fund gives you the benefit of diversification.

Key Parameters

  1. Tata Retirement Savings Progressive Fund Direct Growth has ₹1866 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Tata Retirement Savings Progressive Fund Direct Growth has given a CAGR return of 17.26% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 40.21%, 18.21% and 18.20% respectively.

Holdings

Tata Retirement Savings Progressive Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Consumer Defensive, Energy, Basic Materials, Tech, Utilities, Communication, Real Estate, Health.

Taxation

As it is a retirement mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Tata Retirement Savings Progressive Fund Direct Growth

To provide a financial planning tool for long term financial security for investors based on their retirement planning goals. However, there can be no assurance that the investment objective of the fund will be realized, as actual market movements may be at variance with anticipated trends.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 150.00. There is a lock in period for Tata Retirement Savings Progressive Fund Direct Growth of 5 Years

Fund Performance
zero opening, trading, fund transfer fee
637 people have invested ₹ 24L in Tata Retirement Savings Progressive Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.57%
Benchmark
IISL Nifty 500 TR INR
AUM₹1866 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹150
Exit Load
1%
Lock In5 Years
TurnOver
61.05%
Risk
Risk meter
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Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 97.4%

  • Debt & Cash 2.6%

Large cap
43.2%

Small cap
28.9%

Mid cap
25.3%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
19.7%
Industrial
18.3%
Consumer Cyclical
14.4%
Consumer Defensive
13.1%
Basic Materials
10.1%
Energy
9.8%
Tech
6.9%
Communication
2.6%
Utilities
2.1%
Real Estate
1.5%
Health
1.4%
All changes are between Oct'69 and Dec'69

Sonam Udasi
Sonam Udasi
Fund Manager of Tata Retirement Savings Progressive Fund Direct Growth, since 1 April 2016
Murthy Nagarajan
Murthy Nagarajan
Fund Manager of Tata Retirement Savings Progressive Fund Direct Growth, since 1 April 2017

Mutual Fund Insights

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In the last 3 years, ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth has given 32.55% return, outperforming this fund by 14.35% per annum.
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Over the last 6 months, this fund has experienced a 14.4% growth in AUM moving from 1.63K Cr to 1.86K Cr.
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This fund has one of the lowest expense ratio in the category (retirement). Its expense ratio is 0.57% which is lower than the category average expense ratio of 1.4%.
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In the last 5 years, ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth has given 24.89% return, outperforming this fund by 6.69% per annum.
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In the last 1 year, ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth has given 57.51% return, outperforming this fund by 17.29%.
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Over the last 1 year, this fund has decreased expense ratio by 13.6% moving from 0.66 to 0.57.

Tata Retirement Savings Progressive Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 17.26% since inception which is more than its category average return of 12.1%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.37% in Equity, 0% in Debt and 2.63% in Cash related instruments
AUM size ₹1866 Cr

AUM size ₹1866 Cr

This fund has AUM of ₹1866 Cr which is more than its category average of ₹ 726 Cr
Expense Ratio 0.57%

Expense Ratio 0.57%

This fund has an expense ratio of 0.57% which is less than its category average expense ratio of 1.52%

Frequently Asked Questions

The current NAV of Tata Retirement Savings Progressive Fund Direct Growth is ₹75.14 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
Tata Retirement Savings Progressive Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
7.09%
7.09%
6 Month Returns
19.81%
19.81%
1 Year Returns
40.21%
40.21%
3 Years Returns
65.17%
18.21%
5 Years Returns
130.74%
18.2%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.57% as on May 2024
₹1866 Cr as on May 2024
HDFC Bank Ltd(5.93%), Reliance Industries Ltd(4.92%), ITC Ltd(3.53%), Solar Industries India Ltd(3.09%), Jupiter Wagons Ltd(3.05%) as on May 2024
Financial Services(19.49%), Industrial(18.96%), Consumer Cyclical(13.81%) as on May 2024
Sonam Udasi, Murthy Nagarajan are the fund managers of Tata Retirement Savings Progressive Fund Direct Growth
The Exit load of Tata Retirement Savings Progressive Fund Direct Growth is 1%