Tata Retirement Sav Fund – Cons Direct Growth Plan Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 11, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Tata Retirement Sav Fund – Cons Plan Direct Growth Plan has a NAV of ₹39.1535 as of 10 Sep 2026 and a scheme AUM of ₹171 Cr. Its 1-year, 3-year and 5-year returns are 5.53%, 7.99% and 6.93%, and it sits in the Medium Risk bucket. Our view is that the fund looks suited to investors who can accept steady but uneven progress and who want a retirement-oriented allocation that leans heavily on government securities rather than broad equity-style growth.
The return pattern has been moderate rather than aggressive, and the portfolio profile helps explain that. The benchmark comparison is mixed, with the fund ahead over 1 year and 3 years, but still close enough to the benchmark over 5 years to suggest a measured compounding profile rather than a high-growth one.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹39.1535 as of 10 Sep 2026 |
| AUM | ₹171 Cr |
| Expense Ratio | 0.98% |
| Launch Date | 08 Jan 2013 |
| Min SIP | ₹500 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Fund Category | Solution Oriented |
| Exit Load | Nil on or after age of 60Y, 1% before 61 months from the Date of allotment |
| Fund Managers | Sonam Udasi, Murthy Nagarajan, Amit Somani |
The fund is managed by Sonam Udasi, Murthy Nagarajan, and Amit Somani.
Source data date: as of 10 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.26% | -4.06% |
| 3M | 3.54% | 1.37% |
| 1Y | 5.53% | -7.31% |
| 3Y | 7.99% | 6.07% |
| 5Y | 6.93% | 5.91% |
The fund has held up better than the benchmark in every visible period here, especially over 1 year, where the benchmark is negative while the fund remains positive. That gap matters because it shows resilience in a softer market backdrop rather than just a one-off short burst of strength.
The 3-year and 5-year figures point to a steadier but not exceptional compounding path. The fund’s long-term return profile stays above the benchmark, yet the margin is not large enough to suggest a meaningfully different growth engine; our reading is that this is a measured income-style outcome rather than a return-seeking equity substitute.
Near-term behaviour looks calmer than the benchmark, which has been more uneven over the same horizons. The 1-month slip is small, and the 3-month gain still outpaces the benchmark, so recent movement does not break the broader pattern of modest positive progress. For investors, that combination suggests the fund is doing what a conservative retirement-oriented strategy should do: preserve a relatively stable trajectory while still compounding better than the benchmark over time.
Source data date: as of 10 Sep 2026
Should you BUY or HOLD Tata Retirement Sav Fund – Cons Plan?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Tata Retirement Sav Fund – Cons Plan? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Tata Retirement Sav Fund – Cons Plan Direct Growth Plan | 5.53% | 7.99% | 6.93% |
| Aditya Birla SL Retirement Fund-30 Direct Growth Plan | 14.79% | 16.18% | 12.49% |
| Tata Retirement Sav Fund – Prog Plan Direct Growth Plan | 8.66% | 13.2% | 11.09% |
| ICICI Pru Retirement Fund-Hybrid Aggressive Plan Direct Growth Plan | 8.65% | 17.37% | 15.41% |
| ICICI Pru Retirement Fund-Pure Equity Plan Direct Growth Plan | 8.44% | 19.37% | 19.59% |
| Tata Retirement Sav Fund – Mod Plan Direct Growth Plan | 8.26% | 12.43% | 10.96% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return trails the stronger peer numbers visible here, while its 3-year and 5-year returns also sit below the higher-growth retirement and equity-oriented peers. Even so, the pattern is consistent with a more cautious design: it is not trying to match the sharper equity-led compounding shown by the more aggressive peers. The short-term comparison and the longer-term comparison tell the same broad story, though the gap is wider over 3 years and 5 years than over 1 year.
Source data date: as of 10 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| GOI – 6.79% (07/10/2034) | Government Securities | 20.34% |
| GOI – 7.17% (17/04/2030) | Government Securities | 8.95% |
| GOI – 7.38% (20/06/2027) | Government Securities | 8.87% |
| GOI – 6.36% (16/02/2031) | Government Securities | 8.69% |
| ** 06.40 % Jamnagar Utilities & Power Pvt. Ltd – 29/09/2026 | Corporate Debt | 5.84% |
| GOI – 7.36% (12/09/2052) | Government Securities | 5.7% |
| GOI – 6.90% (15/04/2065) | Government Securities | 5.31% |
| Repo | Cash & Cash Equivalents and Net Assets | 2.95% |
| ** 07.51 % Shivshakti Securitisation Trust – 28/09/2029 | PTC & Securitized Debt | 2.84% |
| Cash / Net Current Asset | Cash & Cash Equivalents and Net Assets | 1.91% |
The top 10 holdings account for approximately 71.4% of the portfolio.
To see all holdings, visit the Tata Retirement Sav Fund – Cons Plan Direct Growth Plan page
The largest holding, GOI – 6.79% (07/10/2034), is 20.34%, so it is likely to have the greatest influence on day-to-day portfolio behaviour. The next few positions remain sizeable but noticeably smaller, which suggests influence is spread across several government securities rather than resting on one unusually dominant line item.
The weight gap from the first holding to the tenth is meaningful, but not extreme. That pattern points to a portfolio that is still fairly concentrated in its visible core, yet not overly dependent on just one security or one sector. Because the disclosed top 10 positions already account for 71.4% of the portfolio across 37 holdings, the longer tail may matter, but the main portfolio signal remains anchored in sovereign debt exposure and a modest amount of credit and cash support.
Source data date: as of 10 Sep 2026
Who should invest
This fund fits investors with a moderate tolerance for risk who want a retirement-oriented holding rather than a fast-growth equity style product. The Medium Risk label and the mostly steady return pattern suggest it may suit a patient horizon, especially where the investor values smoother movement more than sharp upside.
The main trade-off is straightforward: the fund has stayed ahead of the benchmark across the periods shown, but its returns are still modest compared with more return-focused peer options. That means investors may accept lower upside in exchange for a more measured path, supported by a portfolio led by government securities and only a limited slice of higher-credit-risk exposure.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load
- Nil on or after age of 60Y, 1% before 61 months from the Date of allotment
- No exit load after holding period
Source data date: as of 10 Sep 2026
Frequently asked questions
What is the current NAV of Tata Retirement Sav Fund – Cons Plan Direct Growth Plan?
The current NAV is ₹39.1535 as of 10 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 5.53% for 1 year, 7.99% for 3 years and 6.93% for 5 years.
How does the fund compare with its benchmark?
It has stayed ahead of the benchmark across 1 month, 3 months, 1 year, 3 years and 5 years. The gap is especially clear over 1 year, where the benchmark is negative and the fund remains positive.
How does it compare with the peer funds listed here?
Its returns are more measured than the higher-growth peer funds shown here. The peer set includes stronger 1-year, 3-year and 5-year numbers, especially from equity-leaning retirement funds, while this fund keeps a steadier profile.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by Sonam Udasi, Murthy Nagarajan and Amit Somani. The exit load is nil on or after age of 60Y, and 1% before 61 months from the date of allotment.
Bottom line
Tata Retirement Sav Fund – Cons Plan Direct Growth Plan has shown a steadier return pattern than the benchmark, with the 1-year result improving on a negative benchmark backdrop and the 3-year and 5-year results staying ahead as well. Relative to the peer figures shown here, its returns are more restrained, which matches the portfolio’s heavy tilt toward government securities and limited credit exposure. The Medium Risk profile and the retirement-oriented structure make it a better fit for investors who want a patient, measured path rather than stronger short-term upside.
Published on 11 September 2026 at 10:10 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.