August 22, 2023
mayank
Tata Retirement Savings Fund – Progressive Plan details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 56.3565
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
This is a flexi-cap fund where the fund management team has complete freedom to invest in companies of different sizes, depending on where it expects maximum gains. This versatility makes flexi-cap funds most suitable for equity fund investors, as the job of stock selection is left completely to the fund manager, which is the very idea of investing in a mutual fund.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The fund seeks to provide a financial planning tool for long term financial security for investors based on their retirement planning goals.
Fund Manager:
1) Sonam Udasi
Education: Mr. Udasi is a B.Com and also holds PGDM(Finance).
Experience: Prior to joining Tata AMC he was associated with ASK Raymond James, JM Financial AMC, Prime Securities, BRICS Securities and IDBI Capital Market Services Ltd.
2) Murthy Nagarajan
Education: Mr. Nagarajan is a M.Com, ICWA and PGPMS.
Experience: Prior to joining Tata AMC he has worked with Quantum AMC as head fixed income, Mirae Asset Global Investment India Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | 5 Years |
| Exit Load | 1% for redemption Within 1829 days |
Basic Details of Tata Retirement Savings Fund – Progressive Plan
| Fund House | Tata Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 15.39% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,492 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.62% |
| (As on 31-Jul-2023) | |
| Risk Grade | Below Average |
| Return Grade | Below Average |
| Turnover | 69.76% |
Tata Retirement Savings Fund – Progressive Plan Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata Retrmnt Svngs Progrsv Dir | 14.10 | 0.40 | 1.48 | 11.27 | 16.29 | 13.90 | 18.01 | 11.17 | 14.08 | 18.19 |
| S&P BSE 500 TRI | 9.84 | 0.59 | -0.07 | 9.81 | 13.72 | 11.44 | 22.93 | 12.76 | 13.98 | 16.69 |
| Equity: Flexi Cap | 12.21 | 0.57 | 0.37 | 10.03 | 14.07 | 13.75 | 22.00 | 12.90 | 13.76 | 17.70 |
| Rank within category | 17 | 60 | 12 | 21 | 10 | 31 | 39 | 27 | 16 | 13 |
| Number of funds in category | 68 | 74 | 73 | 71 | 68 | 66 | 49 | 37 | 33 | 27 |
Tata Retirement Savings Fund – Progressive Plan Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Tata Retrmnt Svngs Progrsv Dir | 2 star | 13.90 | 18.01 | 11.17 | 0.62 | 1,492 | 15.39 | 1.00 (1829) | 10Y 7M | 69.76 |
| Parag Parikh Flexi Cap Dir | 5 star | 15.95 | 23.37 | 18.38 | 0.68 | 39,848 | 19.24 | 2.00 (365) | 10Y 2M | 5.03 |
| HDFC Flexi Cap Dir | 4 star | 20.55 | 30.43 | 15.53 | 0.95 | 38,266 | 15.74 | 1.00 (365) | 10Y 7M | 39.37 |
| Franklin Ind Flexi Cap Dir | 4 star | 17.25 | 27.65 | 13.93 | 0.81 | 11,699 | 16.11 | 1.00 (365) | 10Y 7M | 14.22 |
| Canara Robeco Flexi Cap Dir | 4 star | 10.86 | 20.78 | 14.18 | 0.54 | 10,218 | 14.39 | 1.00 (365) | 10Y 7M | 24.00 |
Portfolio Analysis of Tata Retirement Savings Fund – Progressive Plan
| No. of Stocks | 50 |
| Top 10 Stocks | 38.86% |
| Top 5 Stocks | 25.50% |
| Top 3 Sectors | 47.97% |
| Portfolio P/B Ratio | 4.58 |
| Portfolio P/E Ratio | 32.29 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 92,693 | 1,59,219 |
| Giant (%) | 39.44 | 52.87 |
| Large (%) | 12.37 | 19.27 |
| Mid (%) | 36.28 | 22.17 |
| Small (%) | 11.92 | 6.45 |
| Tiny (%) | — | 0.04 |
Chanakya’s Mutual Fund Guidance For Tata Retirement Savings Fund – Progressive Plan
Do not invest in this, or any other flexi-cap fund, if you need to redeem your investment in less than five years.
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