Tata Mutual Fund
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Tata Retirement Savings Fund

Tata Retirement Savings Fund

Due to better healthcare and progress in science, people are getting healthier and living longer. It would not be uncommon for people to live quite easily up to 85 years in the near future. Moreover the life span of fixed income paying jobs is on a decline. A reducing career span has resulted in a rise in entrepreneurship which means people would need an entrepreneurship corpus at some stage in their life.

Inflation also plays havoc all the time by decreasing the buying power of your money. Hence there has been never a greater need of building a voluntary retirement corpus for overcoming the difficulties of post retirement period than today.

If one assumes an average career start age of 25yrs and an average retirement to catch up by the age of 55, then it means one has to work for 30 years and have to fend for 30 years on its own without any regular source of income. This is the ‘30-30 CHALLENGE’ that has to be surmounted.

Tata Retirement Savings Fund is a carefully structured suite of plans designed to meet the investment needs of investors planning for retirement. It works as a retirement solution by offering choice of asset allocation to investors based on their life stage and risk preference.

Asset Allocation
Plans Indicative Allocations
Equity Debt Other
Progressive 85-100 0-15 0-10
Moderate 65-85 15-35 0-10
Conservative 0-30 70-100 0-10

Who should invest / Key Attributes
  • Ideal for Investors:
    • Investors keen to save for retirement
    • Follow an life cycle based approach to retirement savings
    • Salaried employees looking for regular savings avenue for retirement
    • Self-employed who usually don’t have post retirement benefits accruing to them
    • Investors seeking an alternative to traditional retirement saving avenues
  • Key Attributes:
    • Unique Auto-Switch facility:

      Tata Retirement Savings Fund offers a unique “Auto Switch” feature which takes away the hassles of adjusting the equity – debt proportion with increasing age. So if the investor starts an SIP in the “Progressive” plan opting for the Auto Switch Feature, automatically the fund will do the needful as the consumer crosses different age brackets as explained below:-

      • Progressive to Moderate – switch happens once the invest tor attains the Age of 45yrs.
      • Moderate to Conservative – switch happens once the investor attains the Age of 60yrs. However the fund also provides the option of staying perpetually invested in a single plan of choice.

    • Unique Auto-SWP facility:

      Once investors retire they need a regular flow of money to fund their expenses. While salary does stop post retirement, annuities and pension form a major part of their regular cash flow. The unique “Auto Systematic Withdrawal Plan” works like an annuity on the investor attaining the age of 60. There are 3 options of Auto SWP facilities

      • *Monthly – 0.5% of market value of investment as on date of completion of 60 yrs of age
      • *Quarterly – 1.5% of market value of investment as on date of completion of 60 yrs of age
      • *Investors also have an option to withdraw a flat amount with the minimum amount being Rs.500 and in multiples of Rs.500 on monthly basis.

      *Systematic Withdrawal plan provides regular outflow of money fixed on the basis value of investment on the date on which the investor completes the age of 60. It does not provide any guarantee of returns or capital protection and or return of principal. This feature should not be considered as annuity facility.

    • Load Free Switch facility:

      One can move between the different plans without paying any applicable loads for a maximum 6 times during the life of the investment (option available only after completion of 5yrs from Date of Allotment). If switch-out is done before 5yrs or more than 6 occasions then the same will be subject to applicable exit loads.

Fund Manager

Sonam Udasi

Sonam Udasi Backed with 18 years of his expertise in Equities Research is presently the Fund Manager for many of the equity schemes at Tata Asset Management, since April 2016. Sonam joined Tata Asset Management as Head Research in April 2014. He has also served as the Principal Officer for the PMS vertical of Tata Asset Management. Prior to joining Tata Asset Management, Sonam headed the Research Team at IDBI Capital Market Services Ltd. for 4 years. During this tenure, IDBI Capital Research Team was rated as No. 3 “Top Most Award Winning Team” by Thomson Reuters Starmine Awards for Excellence for Fiscal Year 2013. He started his career as an Analyst with the Quantum Group headed by Ajit Dayal, building expertise in sectors like Consumer Staples, Retail, Media, Pharma and Utilities. He later joined JM Financial AMC as Senior Analyst reporting to the CIO. Apart from this, he has also worked with erstwhile ASK Raymond James and BRICS Securities (Head – Consumer Vertical). Sonam has a Post Graduate Diploma in Business Administration, specializing in Finance.

Akhil Mittal

Akhil MittalMr. Akhil Mittal started his career in 2004 at Rallis India Limited where he worked till 2006 in the treasury department looking after working capital management, foreign exchange management & banking. He moved to Edelweiss Securities Limited in 2006, where he worked in the Corporate Treasury & resources department looking after resource mobilization, working capital management, banking & investments. Akhil joined Canara Robeco Asset Management Co Ltd as a fund manager looking after fixed income funds from Sept 2008 till Nov 2010 & from March 2011 to June 2014. He managed various Fixed Income portfolios including money market funds, duration funds & hybrid funds. He also had a brief stint with Principal PNB Asset Management Co Ltd from Nov 2010 to Feb 2011 where he worked as a Senior Fund Manager looking after Fixed Income Investments. Akhil joined Tata Asset Management in June 2014 as senior fund manager looking after fixed income investments. He is a B.Com graduate & holds an MBA degree from University Business School.

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Scheme Information

To provide income distribution and / or medium to long term capital gains while at all times emphasising the importance of capital appreciation.

Nature of scheme
  • Progressive Plan- An Open Ended Equity Scheme
  • Moderate Plan- An Open Ended Equity Scheme
  • Conservative Plan- An Open Ended Debt Scheme
Date of Allotment
01 Nov 2011
Options / Plan
Tata Retirement Savings Fund
Regular Plan (Routed through Distributor)
  • Progressive
  • Moderate
  • Conservative
  • Growth
Direct Plan (w.e.f. 1st Jan 2013)
  • Progressive
  • Moderate
  • Conservative
  • Growth
Entry Load
Exit Load
For Progressive / Moderate Plan :
If redeemed / switched-out on or after attainment of retirement age i.e. 60 years of age - NIL
In case of Auto switch-out of units on occurrence of “Auto-switch trigger event” - NIL
For Redemption or switch out of units before the attainment of retirement age i.e. 60 years

- If redeemed / switched out on or before expiry of 3 Years from the date of allotment – 3%

- If redeemed / switched out after 3 Years from the date of allotment – 1%

For Conservative Plan :
For Redemption or switch out of units before the attainment of retirement age i.e. 60 years:

- 3% if redeemed on or before expiry of 3 Years from the date of allotment

- 1% if redeemed after 3 Years from the date of allotment

For Redemption or switch out of units after the attainment of retirement age i.e. 60 years: NIL
In case of Auto switch-out of units on occurence of Auto-switch trigger event: NIL
Min. Purchase Amount
Min. Additional Purchase Amt.
1,000/- & in multiple of 1/- thereafter
Min. Redemption Amt. / Units*
1,000/- or 100 units
Frequency No. of Installments Min. Investment
Monthly 12 500/-
6 1000/-
Quartery 6 1000/-
4 1500/-
Systematic Withdrawal Plan





Min. Withdrawal Amt.


*There is no minimum amount requirement in case unitholder is opting for an all units switch.

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