Tata Retirement Savings Fund Progressive Plan

Tata Retirement Savings Fund Progressive Plan is managed by Amish Munshi, Murthy Nagarajan and Dinesh Dacosta. The fund seeks to provide a financial planning tool for long term financial security for investors based on their retirement planning goals. This fund is barely a year old. New investors can safely skip this fund. If you have already invested in this scheme, exit now to invest in a better performing fund

Where does Tata Retirement Savings Fund Progressive Plan invest your money?

Tata Retirement Savings Fund Progressive Plan is a large and mid cap fund which invests your money in stocks of large and small sized companies. Presently the fund has 76.04% exposure to large sized companies, 19.07% exposure to mid sized companies and 2.34% exposure to small sized companies. Large cap companies tend to be stable, however mid and small cap companies are not avoided as they provide bumper returns.

Suitable for what?
  • Child’s education
  • Child’s Marriage
  • Planning for retirement 
  • Home Purchase
Not suitable for what?
  • Creation of Wealth
  • Short term needs
  • Lifestyle needs
How has Tata Retirement Savings Fund Progressive Plan performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Nov 2011, your value of investments would be around Rs 1.18 lakhs. The performance has been similar to other funds in this category. The fund has been giving around 10.26% returns to those who have stayed invested since inception.

Assume you had invested Rs 10,000 every month in Tata Retirement Savings Fund Progressive Plan through SIP since inception today you would have around Rs 1.82 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

The exit load applied in the scheme is as follows:

a) If redeemed / switched-out on or after attainment of retirement age i.e. 60 years of age - Nil

b) In case of Auto switch-out of units on occurrence of “Auto-switch trigger event” – Nil

c) For Redemption or switch out of units before the attainment of retirement age i.e 60 years 

      i) If redeemed / switched out on or before expiry of 3 Years from the date of allotment – 3% of the applicable NAV.

     ii) If redeemed / switched out after 3 Years from the date of allotment – 1% of the applicable NAV.

Expense ratio of Tata Retirement Savings Fund Progressive Plan Fund is 2.92%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.   

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you did not withdraw within 1 year. 

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