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Tata Retirement Savings Progressive Fund Direct Plan Growth

Solution

  

Retirement Fund

NAV

28.35 -0.0617

as on (08 Apr, 2020)

RETURNS

2.95 %

Fund Type

Open Ended

Investment Plan

Growth

Expense Ratio

0.81 %

Benchmark

S&P BSE SENSEX TR INR

Asset Size

742.53 Cr.

(As of 30 Apr, 2019)

Risk

Moderately High

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.

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Fund manager

Murthy Nagarajan

(since 01 Apr, 2017)

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

HDFC Bank Ltd

8.32 %

ITC Ltd

5.9 %

Kotak Mahindra Bank Ltd

4.34 %

Larsen & Toubro Ltd

4.31 %

Sector Allocation

About the Scheme Type

Retirement Fund

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.

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Overview of Tata Asset Management Limited

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