Tata Retirement Sav Fund – Mod 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 – Mod Plan Direct Growth Plan has a NAV of ₹82.7125 as of 10 Sep 2026 and an AUM of ₹2,251 Cr. Its 1-year, 3-year and 5-year returns are 8.26%, 12.43% and 10.96%, and the scheme carries a High Risk label.
Our view is that this fund suits investors who can accept higher volatility in exchange for equity-style growth, but it is still shaped by the retirement-solution structure and the 5-year lock-in. The long-term return profile is better than the benchmark, yet the recent one-year outcome is more modest, so the fund looks more appropriate for a patient horizon than for short holding periods.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹82.7125 as of 10 Sep 2026 |
| AUM | ₹2,251 Cr |
| Expense Ratio | 0.59% |
| 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, 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 | -0.44% | -4.06% |
| 3M | 7.69% | 1.37% |
| 1Y | 8.26% | -7.31% |
| 3Y | 12.43% | 6.07% |
| 5Y | 10.96% | 5.91% |
The recent pattern is constructive. The fund was slightly negative over one month, but the drop was much milder than the benchmark’s decline. Over three months it recovered strongly and stayed well ahead of the index, which tells us the portfolio has been able to participate in the bounce back more effectively than the benchmark.
The one-year return is also comfortably ahead of the benchmark’s negative reading. That matters because the index has been weak over the same horizon, so the fund has protected and grown capital better than the broad market during this stretch.
The longer view is still stronger than the shorter window. The 3-year and 5-year returns remain above the benchmark, which suggests the fund has created value across a fuller cycle rather than relying only on a recent surge. At the same time, the 1-year result is lower than the 3-year pace, so the recent run has not matched the better medium-term compounding seen earlier.
Overall, the fund looks ahead of the benchmark across every displayed horizon, but its return path is not perfectly smooth. Investors should read that as a sign of equity-market sensitivity rather than as a steady, defensive profile.
Source data date: as of 10 Sep 2026
Should you BUY or HOLD Tata Retirement Sav Fund – Mod 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 – Mod Plan? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Tata Retirement Sav Fund – Mod Plan Direct Growth Plan | 8.26% | 12.43% | 10.96% |
| 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% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s 1-year return is below the stronger peer results in this set, especially the higher readings from Aditya Birla SL Retirement Fund-30 Direct Growth Plan and the two ICICI Pru retirement funds. That said, the gap narrows at the shorter end because the current fund still sits above one-year readings from some peers.
On longer horizons, the picture is mixed. Its 3-year and 5-year returns are below the more growth-oriented peer funds, but they are close to Tata Retirement Sav Fund – Prog Plan Direct Growth Plan. So the short-term comparison looks softer than the long-term one, and the main takeaway is that this fund has held up respectably within its family while trailing the strongest peer compounding figures.
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 | 4.74% |
| ICICI Bank Ltd | Bank | 4.42% |
| Eternal Ltd | Retailing | 3.36% |
| Reliance Industries Ltd | Crude Oil | 3.27% |
| Multi Commodity Exchange of Ind Ltd | Finance | 3.13% |
| GOI – 6.36% (16/02/2031) | Government Securities | 3.08% |
| Cash / Net Current Asset | Cash & Cash Equivalents and Net Assets | 2.94% |
| Radico Khaitan Ltd | Alcohol | 2.51% |
| I) Repo | Cash & Cash Equivalents and Net Assets | 2.35% |
| 360 One Wam Ltd | Finance | 2.11% |
The top 10 holdings account for approximately 31.91% of the portfolio.
To see all holdings, visit the Tata Retirement Sav Fund – Mod Plan Direct Growth Plan page
The largest holding, Solar Industries India Ltd, carries a weight of 4.74%, so no single position dominates the disclosed list. The drop from the first holding to the tenth is fairly gradual, ending at 2.11%, which points to a portfolio that spreads influence across several names rather than concentrating everything in one stock.
The displayed holdings cover only part of the portfolio, but they still show a meaningful mix of equities, government securities and cash-linked positions. With the top 10 accounting for 31.91% across 64 disclosed holdings, the fund could have a broad underlying tail even though the visible top slice remains reasonably diversified.
That structure may help moderate single-stock dependence, while still leaving the fund exposed to equity-market swings because the leading holdings are all material enough to matter on performance.
Source data date: as of 10 Sep 2026
Who should invest
This fund is better suited to investors who can tolerate High Risk and stay invested for a long horizon, especially because the scheme has a 5-year lock-in. The 1-year result is positive but not as strong as the 3-year and 5-year numbers, so the fund fits someone who can absorb short-run ups and downs in exchange for a better chance at long-run compounding.
Compared with the benchmark, the fund has been more resilient across the displayed periods, and that matters for investors who want equity participation without giving up the discipline of a retirement-oriented structure. The key trade-off is that the portfolio can lag stronger peer compounding in some stretches, while still offering a more balanced path than a pure short-term return chase.
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 – Mod Plan Direct Growth Plan?
Its current NAV is ₹82.7125 as of 10 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 8.26% over 1 year, 12.43% over 3 years and 10.96% over 5 years.
How has it done versus the benchmark?
It has stayed ahead of the Nifty 50 across the displayed horizons. The 5-year return is 10.96% versus 5.91% for the benchmark, and the fund also leads on 3-year and 1-year figures.
How does it compare with the peer funds listed here?
Its recent and longer-term returns are below the strongest peer figures in this set, but it remains close to Tata Retirement Sav Fund – Prog Plan Direct Growth Plan on 1-year, 3-year and 5-year returns.
Is there a minimum SIP amount?
Yes, the minimum SIP amount is ₹150.
Who manages the fund and what is the exit load?
The fund is managed by Sonam Udasi, Murthy Nagarajan and Amit Somani. 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 – Mod Plan Direct Growth Plan shows a steadier longer-term profile than its recent one-year result alone might suggest, and it has remained ahead of the benchmark across the displayed horizons. Compared with the peer set here, it trails the strongest compounding figures but stays close to one family peer. The risk label is High Risk, and the portfolio’s top positions are significant yet not overwhelmingly concentrated. That makes the fund more suitable for patient investors who can handle swings and value a retirement-style structure.
Published on 11 September 2026 at 10:45 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.