TATA Retirement Savings Fund- Progressive Plan Overview

Mutual Fund

TATA Retirement Savings Fund- Progressive Plan is an open-ended equity fund. The launch date of this fund is S&P BSE Sensex TRI. The launch date of TATA Retirement Savings Fund- Progressive Plan is 1st November 2011. This fund is managed by Mr. Sonam Udasi, Mr. Ennette Fernandes, and Mr. Murthy Nagarajan.

TATA Retirement Savings Fund- Progressive Plan has given good returns over the years. The last three years, return of this fund is 17.36% and 17.78%. The minimum lump sum investment for this fund is Rs.5000. The minimum SIP amount of TATA Retirement Savings Mutual Fund- Progressive Plan is Rs.500. The risk of this fund is moderately high. The return since launch is 15.46% for TATA Retirement Savings Fund- Progressive Plan. The AUM of TATA Retirement Savings Fund- Progressive Plan is Rs. 550 cr. (as on 28th Feb 2019). The expense ratio of this fund is 2.55% (as on 28th Feb 2019). You can invest in the growth option of TATA Retirement Savings Fund- Progressive Plan. TATA Retirement Savings Fund- Progressive Plan has invested 91.05% invests in Indian stocks of which 61.61% is in large cap stocks, 19.61% in mid-cap stocks, and 9.84% is in small-cap funds. As the name suggested this is a long term plan. So you have to stay invested at least for five to ten years.

  • Ideal for Investors:
  • Investors keen to save for retirement.
  • Follow an life cycle based approach to retirement savings.
  • Salaried employees looking for regular savings avenue for retirement.
  • Self-employed who usually don’t have post-retirement benefits accruing to them.
  • Investors seeking an alternative to traditional retirement saving avenues.

Top 10 holdings of TATA Retirement Savings Fund- Progressive Plan

Name AUM (%)
HDFC Bank Ltd. 8.91%
ITC Ltd 7.94%
ICICI Bank Ltd. 4.98%
Kotak Mahindra Bank 4.18%
HDFC Ltd. 3.95%
LARSEN & Toubro Ltd. 3.82%
Reliance Industries Ltd. 3.31%
Hindustan Unilever Ltd. 3.26%
Bata India Ltd. 2.94%
Bajaj Finance Ltd. 2.36%

Top 10 sectors of TATA Retirement Savings Fund- Progressive Plan

Sector Allocation (%)
Banks 20.26
Consumer Non Durables 19.29
Finance 14.86
N/A 8.94
Construction 6.14
Consumer Durables 5.82
Retailing 3.62
Industrial Products 3.59
Petroleum Products 3.31

TATA Retirement Savings Fund- Progressive Plan

  • Fund Manager- Mr. Sonam Udasi, Mr. Ennette Fernandes, and Mr. Murthy Nagarajan.
  • Expense Ratio- 2.25% (28th February 2019)
  • Launch Date- 1st November 2011
  • Benchmark- S&P BSE Sensex TRI
  • Risk- Moderately High
  • AUM Size- Rs.550cr. (29th March 2019)
  • Return Since Launch- 15.46%

Performance

  1-Year 3-Year 5-Year 10-Year
Fund 1.79 17.36 17.78
S&P BSE Sensex TRI 17.12 17.51 13.24
Category 3.60 14.72 15.26
Rank within Category 29 5 9
Number of funds in category 45 42 36

As on Apr 05, 2019

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