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
