Rating : ★ ★ ★ ★ ☆
Tata Retirement Savings Progressive Fund Direct Plan Growth
 ÂRetirement Fund
Fund Type
Open Ended
Investment Plan
Growth
Expense Ratio
1%
Asset Size
1243.68 Cr.
(As of 31 Dec, 2021)
Benchmark
S&P BSE SENSEX TR INR
Riskometer
Investors understand that their principal will be at Very High Risk.
Objective
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.
 
Fund manager
Murthy Nagarajan
Exit load
1 %
(If redeemed within 21900 days)Minimum sip
₹150
Minimum investment
₹5000
Top Holdings
This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.
Company
Assets
ICICI Bank Ltd
7.97%
HDFC Bank Ltd
5.99%
Reliance Industries Ltd
5.64%
Tata Consultancy Services Ltd
4.20%
Sector Allocation
About the Scheme Type
For investors with a clear goal of having a corpus for their retirement phase, a Retirement Fund could be a good option. These come with a lock-in period of 5 years or until retirement, whichever is earlier. SEBI has purposefully mandated the lock-inso as to give impetus to long term saving as they also come with tax benefits. Also, there’s a pretty hefty exit load – 3 to 4%, in case of premature withdrawals. Given that they’re only been there since a few years, there are limited number of Retirement Funds today.
Ratings
This fund is rated 4 stars by Morning Star Ratings.