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Tata Retirement Savings Fund-Conservative

Q: What is the NAV of Tata Retirement Savings Fund-Conservative?

As of 05 Oct 2026, the NAV of Tata Retirement Savings Fund-Conservative is ₹38.24 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Tata Retirement Savings Fund-Conservative delivered?

Tata Retirement Savings Fund-Conservative has returned +2.87% over 1 year, +7.36% per year over 3 years, +6.33% per year over 5 years and +9.37% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Tata Retirement Savings Fund-Conservative?

Tata Retirement Savings Fund-Conservative charges an expense ratio of 1.04% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Tata Retirement Savings Fund-Conservative?

Tata Retirement Savings Fund-Conservative's largest holdings are 6.79% (07/10/2034) (20.3%), 7.17% (17/04/2030) (8.9%), 7.38% (20/06/2027) (8.9%), 6.36% (16/02/2031) (8.7%) and ** 06.40 % JAMNAGAR UTILITIES & POWER PVT. LTD - 29/09/2026 (5.8%). Holdings are disclosed monthly and change over time.

Q: How risky is Tata Retirement Savings Fund-Conservative?

Tata Retirement Savings Fund-Conservative is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.8% and its worst peak-to-trough fall in our sample was -11.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.18 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Tata Retirement Savings Fund-Conservative's 0.18 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Tata Retirement Savings Fund-Conservative?

Tata Retirement Savings Fund-Conservative is benchmarked against the CRISIL Short Term Debt Hybrid 75+25 Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Tata Retirement Savings Fund-Conservative?

Tata Retirement Savings Fund-Conservative is managed by Sonam Udasi, Murthy Nagarajan and Amit Somani at Tata.

Q: How is Tata Retirement Savings Fund-Conservative taxed?

Tata Retirement Savings Fund-Conservative is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Tata Mutual Fund · Best Retirement Mutual Funds

NAV

₹38.24

+0.24% 1D

as of 05 Oct 2026

This is the Direct plan of Tata Retirement Savings Fund-Conservative — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

+2.61%absolute

52-week rangePrev NAV ₹38.15

Latest ₹38.24

Low ₹36.0566th percentile of its 52-week rangeHigh ₹39.38

Scorecard

★★★☆☆3/5 vs 27 of 28 Retirement Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Retirement Fund (same plan and option). 27 of the 28 Retirement Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +7.36% · ranks 18 of 27 Retirement Funds

RiskLow

Volatility 4.8% vs 9.3% category avg

CostAverage

1.0% expense vs 1.1% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Retirement Fund average on 1M/3M/1Y — 1Y by 2.40pp
Less volatile than its Retirement Fund peers (4.8% vs 9.3%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

3-year return (+7.36%) trails the Retirement Fund average (+9.39%)
5-year return (+6.33%) trails the Retirement Fund average (+8.59%)
Weaker risk-adjusted returns — Sharpe 0.18 below the Retirement Fund average of 0.23

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.04%

Category 1.12%▼0.08%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

28.26

Category 24.09▲4.17

Excess return per unit of total volatility (rf = 6.5%)

0.18

Category 0.23▼0.05

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

5 yrs

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) 1% -If redeemed before 61 months from the date of allotment.

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

CRISIL Short Term Debt Hybrid 75+25 Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

08 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-2.42%

Absolute return over the last 3 months (not annualized)

-1.51%

Absolute return over the last 6 months (not annualized)

+5.68%

Absolute return since 1 Jan of this year (not annualized)

+1.52%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+2.87%

3-year annualized return (CAGR)

+7.36%

5-year annualized return (CAGR)

+6.33%

10-year annualized return (CAGR)

+7.96%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+9.37%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

4.78%

Excess return per unit of total volatility (rf = 6.5%)

0.18

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.24

Largest peak-to-trough decline over full history

-10.98%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

-0.45%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.35

How much of the fund's movement Nifty 500 TRI explains

92.5%

Excess return per unit of beta (market risk)

2.60

Active return over the benchmark per unit of tracking error

-0.22

Annualized std dev of fund-minus-benchmark returns

10.43%

Fund's share of benchmark gains in up months (100 = matches index)

45.7%

Fund's share of benchmark losses in down months (lower is better)

28.8%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Retirement Fund)

Period	Fund	Category avg.	Diff
1M abs	-2.42%	-3.50%	+1.08%
3M abs	-1.51%	-2.69%	+1.18%
6M abs	+5.68%	+6.21%	-0.53%
1Y CAGR	+2.87%	+0.47%	+2.40%
3Y CAGR	+7.36%	+9.39%	-2.03%
5Y CAGR	+6.33%	+8.59%	-2.26%

Category average across peers in Retirement Fund (up to 28 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 28 peers in Retirement Fund

1Y return

+2.87%

Beats 67.9% · rank #10

3Y return

+7.36%

Beats 34.6% · rank #18

5Y return

+6.33%

Beats 20.8% · rank #20

Sharpe

0.18

Beats 42.3% · rank #16

Sortino

0.24

Beats 42.3% · rank #16

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.06L

Absolute

+17.71%

XIRR

+6.67%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Tata Retirement Savings Fund-Conservative, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	+1.52%	-7.18%	+8.70%
2025	+4.84%	+7.94%	-3.10%
2024	+11.23%	+16.43%	-5.20%
2023	+13.37%	+27.43%	-14.06%
2022	+1.30%	+4.34%	-3.04%
2021	+8.87%	+31.59%	-22.72%
2020	+13.19%	+18.33%	-5.14%
2019	+8.88%	+8.95%	-0.07%
2018	+2.30%	-2.33%	+4.63%
2017	+16.98%	+37.35%	-20.37%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

3,315

Expense ratio

1.04%

AUM

₹164.74Cr

YTM

6.91%

Macaulay duration

4.82 years

Average maturity

8.72 years

Exit load

P/E ratio

28.3

P/B ratio

7.0

Avg market cap

₹2,58,246Cr

P/E & P/B are portfolio-weighted harmonic means across 45 of 50 equity holdings (25% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Retirement Fund

Compare all


Tata Retirement Savings Fund-ConservativeThis fund Tata · Direct · Growth	★★★☆☆	+2.87%	+7.36%	+6.33%	28.26	1.04%	₹164.74Cr
ICICI Prudential Retirement Fund Pure Equity ICICI Prudential · Direct · Growth	★★★★★	+3.63%	+19.01%	+17.68%	27.27	0.88%	₹1,884Cr
ICICI Prudential Retirement Fund Hybrid Aggressive ICICI Prudential · Direct · Growth	★★★★★	+3.73%	+16.90%	+14.06%	24.27	1.21%	₹1,173Cr
Aditya Birla Sun Life Retirement Fund-The 30s Aditya Birla Sun Life · Direct · Growth	★★★☆☆	+11.11%	+15.45%	+11.43%	28.16	1.35%	₹434.17Cr
Union Retirement Fund Union · Direct · Growth	★★★★☆	+1.82%	+11.93%	—	28.71	1.36%	₹197.16Cr
Tata Retirement Savings Fund-Progressive Tata · Direct · Growth	★★★★☆	+3.05%	+11.72%	+9.44%	28.97	0.82%	₹2,087Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 98% of the equity sleeve priced.

Large cap51.6%
Mid cap29.9%
Small cap18.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt66.54%
Equity28.63%
Cash & Equivalents4.83%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

** 06.40 % JAMNAGAR UTILITIES & POWER PVT. LTD - 29/09/2026

5.84%

** 07.51 % SHIVSHAKTI SECURITISATION TRUST - 28/09/2029

2.84%

SOLAR INDUSTRIES INDIA LTD

1.61%

ICICI BANK LTD

1.53%

ATHER ENERGY LTD

1.25%

RELIANCE INDUSTRIES LTD

1.21%

ETERNAL LTD

1.21%

MULTI COMMODITY EXCHANGE OF IND LTD

1.09%

COAL INDIA LTD

0.91%

DIXON TECHNOLOGIES (INDIA) LTD

0.86%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Tata Retirement Savings Fund-Progressive Tata · Retirement Fund	89.9%	★★★★☆	0.82%	+11.72%
Tata Retirement Savings Fund-Moderate Tata · Retirement Fund	89.4% of 81% equity	★★★★★	0.83%	+11.19%
Tata India Consumer Fund Tata · Sectoral/ Thematic	35.1%	★★★☆☆	0.92%	+13.17%
ITI Focused Fund ITI · Focused Fund	32.0%	★★★★☆	0.90%	+16.35%
Edelweiss ELSS Tax Saver Fund Edelweiss · ELSS	31.9%	★★★☆☆	0.93%	+12.42%
JM Large Cap Fund JM Financial · Large Cap Fund	31.0%	★★☆☆☆	1.19%	+9.54%
Union Retirement Fund Union · Retirement Fund	30.6%	★★★★☆	1.36%	+11.93%
Baroda BNP Paribas Balanced Advantage Fund Baroda BNP Paribas · Dynamic Asset Allocation or Balanced Advantage	30.5% of 81% equity	★★★☆☆	0.92%	+11.07%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.69% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I0.69%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-11.0%20 Feb 2020 → 23 Mar 2020
Fell over 32 days, back to the old high on 23 Jun 2020 — 3 months under water after the low.
-6.1%18 Oct 2021 → 17 Jun 2022
Fell over 8 months, back to the old high on 12 Sep 2022 — 3 months under water after the low.
-5.8%28 Aug 2018 → 09 Oct 2018
Fell over 42 days, back to the old high on 19 Dec 2018 — 2 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹164.74Cr

April - June 2026

-2%

since January - March 2026

−₹5.44Cr

est. net flow, last quarter

At or near its largest, ₹168.13Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Tata Mutual Fund is run by Tata Asset Management, part of the Tata Group, and has been in business since 1995. It runs a broad line-up across equity, debt and hybrid, including several long-running thematic schemes.

Launched

29 Jun 1995

Total AUM

₹2,36,199Cr+3.4% QoQ

Avg AUM · July - September 2026

Website

tatamutualfund.com

Fund Managers

SUSonam UdasiManaging since 09 Mar 2021

Role

Senior Fund Manager

Education

B. Com, PGDM- Finance

Funds managed (1)

Tata Value Fund

All schemes Sonam Udasi runs →

MNMurthy NagarajanManaging since 09 Mar 2021

Role

Head-Fixed Income

Education

B. Com, M. Com, PGPMS, ICWA (Inter)

Experience

29 Tata Business Presently working with Tata Asset Management Pvt Ltd. since Cycle Fund, March 2017 as Head - Fixed Income, Reporting to Chief

Funds managed (6)

All schemes Murthy Nagarajan runs →

ASAmit SomaniManaging since 01 Jun 2026

Role

Senior Fund Manager

Education

B. Com, PGDBM, CFA

Experience

Sep 2012 – till date with Tata Asset Management Ltd. as a Fund Manager reporting to Head-Fixed Income. Jun 2010 – Aug 2012 with Tata Asset Management Ltd. as a Credit Analyst reporting to Head of Fixed Income. September 2006 – April 2010 with Fidelity Investments as Research Associate. July 2004 to August 2006 with Netscribes Pvt. Ltd as Research analyst. Jun 2003 to July 2004 with SPA Capital as debt market dealer. February 2001 to May 2003 with Khandwala Securities as debt market dealer.

Funds managed (6)

All schemes Amit Somani runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Murthy Nagarajan Amit Somani

Top holdings

SOLAR INDUSTRIES INDIA LTD ICICI BANK LTD ATHER ENERGY LTD RELIANCE INDUSTRIES LTD ETERNAL LTD MULTI COMMODITY EXCHANGE OF IND LTD COAL INDIA LTD DIXON TECHNOLOGIES (INDIA) LTD DOMS INDUSTRIES LTD EXIDE INDUSTRIES LTD RADICO KHAITAN LTD POLYCAB INDIA LTD

Tata in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

Frequently asked questions

What is the NAV of Tata Retirement Savings Fund-Conservative?

As of 05 Oct 2026, the NAV of Tata Retirement Savings Fund-Conservative is ₹38.24 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Tata Retirement Savings Fund-Conservative delivered?

Tata Retirement Savings Fund-Conservative has returned +2.87% over 1 year, +7.36% per year over 3 years, +6.33% per year over 5 years and +9.37% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Tata Retirement Savings Fund-Conservative?

Tata Retirement Savings Fund-Conservative charges an expense ratio of 1.04% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Tata Retirement Savings Fund-Conservative?

Tata Retirement Savings Fund-Conservative's largest holdings are 6.79% (07/10/2034) (20.3%), 7.17% (17/04/2030) (8.9%), 7.38% (20/06/2027) (8.9%), 6.36% (16/02/2031) (8.7%) and ** 06.40 % JAMNAGAR UTILITIES & POWER PVT. LTD - 29/09/2026 (5.8%). Holdings are disclosed monthly and change over time.

How risky is Tata Retirement Savings Fund-Conservative?

Tata Retirement Savings Fund-Conservative is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.8% and its worst peak-to-trough fall in our sample was -11.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.18 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Tata Retirement Savings Fund-Conservative's 0.18 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Tata Retirement Savings Fund-Conservative?

Tata Retirement Savings Fund-Conservative is benchmarked against the CRISIL Short Term Debt Hybrid 75+25 Index. Its alpha and beta on this page are measured against that index.

Who manages Tata Retirement Savings Fund-Conservative?

Tata Retirement Savings Fund-Conservative is managed by Sonam Udasi, Murthy Nagarajan and Amit Somani at Tata.

How is Tata Retirement Savings Fund-Conservative taxed?

Tata Retirement Savings Fund-Conservative is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.