Tata Retirement Sav Fund – Prog 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 – Prog Plan Direct Growth Plan has a NAV of ₹85.5939 as of 10 Sep 2026 and an AUM of ₹2,254 Cr. Its 1-year, 3-year and 5-year returns are 8.66%, 13.20% and 11.09%, and the scheme sits in the High Risk category.
Our view is that this is a long-horizon retirement scheme for investors who can accept equity-style ups and downs in exchange for medium-term compounding. The five-year return profile is steadier than the latest one-year phase, but the fund still trails the benchmark across the periods shown, so the fit is stronger for patient investors than for short-term capital preservation.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹85.5939 as of 10 Sep 2026 |
| AUM | ₹2,254 Cr |
| Expense Ratio | 0.53% |
| Launch Date | 04 Jan 2013 |
| Min SIP | ₹150 |
| Risk Category | High 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 |
The fund is managed by Sonam Udasi and Murthy Nagarajan.
Source data date: as of 10 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.64% | -4.06% |
| 3M | 8.39% | 1.37% |
| 1Y | 8.66% | -7.31% |
| 3Y | 13.20% | 6.07% |
| 5Y | 11.09% | 5.91% |
The recent pattern is mixed, but the fund has been resilient over the last month and clearly stronger over the recent three-month window. That matters because the one-month phase was mildly negative even as the benchmark fell more sharply, which suggests the scheme has recently handled downside better than the index.
The longer horizon looks more constructive. Over 1 year, 3 years and 5 years, the fund has stayed ahead of the benchmark in every period shown, and the gap is widest in the 1-year comparison because the benchmark was negative while the fund stayed positive. That does not remove risk, but it does show that the portfolio has delivered positive compounding through a difficult benchmark phase.
The shape of the 3-year and 5-year path suggests a fund that can recover after drawdowns, although the ride has not been smooth. We read the latest numbers as evidence of a scheme that participates in equity upside, but with enough volatility to make timing matter for shorter holding periods.
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
Source data date: as of 10 Sep 2026
Should you BUY or HOLD Tata Retirement Sav Fund – Prog 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 – Prog Plan? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Tata Retirement Sav Fund – Prog Plan Direct Growth Plan | 8.66% | 13.20% | 11.09% |
| Aditya Birla SL Retirement Fund-30 Direct Growth Plan | 14.79% | 16.18% | 12.49% |
| 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% |
The 1-year return of 8.66% sits close to the two Tata retirement options but trails the stronger peer figures shown here, especially the Aditya Birla and ICICI Pru schemes. In the 3-year and 5-year windows, the fund remains ahead of Tata Retirement Sav Fund – Mod Plan Direct Growth Plan, while the ICICI Pru retirement funds show stronger compounding over both horizons.
That tells us the short-term and longer-term comparisons do not say exactly the same thing. The current fund has stayed positive and reasonably steady, but the peer set shows that there are retirement-oriented equity options with a more powerful medium-term track record. For investors, the trade-off is between the fund’s steadier shape and the higher returns visible in some peer schemes.
Source data date: as of 10 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Solar Industries India Ltd | Chemicals | 5.38% |
| ICICI Bank Ltd | Bank | 5.11% |
| Eternal Ltd | Retailing | 3.93% |
| Reliance Industries Ltd | Crude Oil | 3.67% |
| Multi Commodity Exchange of Ind Ltd | Finance | 3.66% |
| Radico Khaitan Ltd | Alcohol | 3.04% |
| I) Repo | Cash & Cash Equivalents and Net Assets | 3.03% |
| PB Fintech Ltd | IT | 2.54% |
| 360 One Wam Ltd | Finance | 2.39% |
| Cash / Net Current Asset | Cash & Cash Equivalents and Net Assets | 2.30% |
The largest holding, Solar Industries India Ltd, is 5.38%, which is meaningful but not overwhelming on its own. The tenth holding is 2.30%, so the weight profile drops fairly gradually from the top name to the tail of the visible list rather than collapsing into one very large position.
The top 10 holdings account for approximately 35.05% of the portfolio, and the disclosed list contains 55 holdings in total. Our read is that the portfolio is spread across many positions, but the biggest names still matter because they sit well above the smaller positions and may have greater influence on short-term outcomes.
That balance can help reduce dependence on a single stock, yet it still leaves room for the leading holdings to shape returns. The presence of a cash and repo allocation among the visible positions also suggests some liquidity buffer, though the overall scheme remains equity-oriented in practice.
To see all holdings, visit the Tata Retirement Sav Fund – Prog Plan Direct Growth Plan page
Source data date: as of 10 Sep 2026
Who should invest
This fund suits investors who can tolerate High Risk and are comfortable staying invested through uneven phases. The 1-year, 3-year and 5-year numbers show that the scheme has been able to compound over longer windows, but the recent path has still been choppy enough that short holding periods may not suit it well.
We think the better fit is a retirement-focused investor with a multi-year horizon who can accept that returns may lag stronger peers in some periods while still staying positive across the cycle. The main trade-off is between the fund’s steadier longer-term profile and the possibility of missing out on the stronger compounding seen in some peer retirement schemes.
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.
Source data date: as of 10 Sep 2026
Frequently asked questions
What is the current NAV of Tata Retirement Sav Fund – Prog Plan Direct Growth Plan?
Its NAV is ₹85.5939 as of 10 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 8.66% over 1 year, 13.20% over 3 years and 11.09% over 5 years.
How has it done versus the benchmark?
It has stayed ahead of the Nifty 50 across the 1-year, 3-year and 5-year periods shown. The gap is especially clear over 1 year, when the benchmark was negative.
How does it compare with the peer schemes listed here?
Its recent return is lower than the strongest peer figures shown, while its 3-year and 5-year returns are also below the better-compounding ICICI Pru retirement funds. It is still ahead of Tata Retirement Sav Fund – Mod Plan Direct Growth Plan in the 3-year and 5-year windows.
What is the minimum SIP?
The minimum SIP is ₹150.
Who manages the fund and what is the exit load?
The fund is managed by Sonam Udasi and Murthy Nagarajan. 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 – Prog Plan Direct Growth Plan has shown a steadier longer-term pattern than its latest one-month phase, and it has stayed ahead of the benchmark across the return windows shown. Against peers, the fund looks more modest than the stronger compounding options, but it still presents a consistent retirement-oriented equity profile. The portfolio is spread across many holdings, which may soften single-stock dependence while keeping the scheme firmly in High Risk territory. For investors with patience and a long horizon, that combination can make sense as a measured retirement allocation.
Published on 11 September 2026 at 10:12 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.