Tata Retirement Sav Fund - Cons Direct Growth Plan Review 2026: NAV, Returns, Portfolio & Should You Invest?

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.

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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

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.