If you were to start a new business, how many years would you expect before it grew exponentially? How many years do you think will it take you to reach to a managerial position in your job? Five, ten years, maybe? Could be more depending upon your performance and lots of other factors. But can you expect a sky-high rise in just a couple of years? Well, that would be the rarest of the rare case.
TATA Retirement Savings Fund, on the other hand, is one such name that has taken a flight so high which is incomparable to its peers, that too in just 2 years since its start. Belonging to one of the premier fund houses in India, TATA Mutual Fund, this scheme has been constantly awarded as being one of the top bets in the mutual fund industry and a reliable option for all those who are planning a retirement.
At MySIPonline, our dedication to customer satisfaction and supreme quality services have always been the pillars of our success. Keeping in mind the need to provide our clients with only the best services, we bring in latest information on the money market, giving meaningful insight on the top brands and their products. Today, we have brought a detailed account on one of the top multi cap funds to invest in India, TATA Retirement Savings Fund (G), which will help you create a superb portfolio for your investments and help you achieve your desired goals and objectives. So, stay tuned to this article for the next 10 minutes and unlock the secrets to success in mutual fund investment.
TATA Retirement Savings Fund – An Overview
TATA Retirement Savings Fund – Progressive Plan is an equity oriented mutual fund of the multi cap category. This means that besides having stocks of small, powerful companies, it has reasonable stakes in mid cap as well as large cap category mutual funds. This makes it a power pack plan enriched with all necessary qualities to help you earn solid returns overtime.
Being a new entrant in the market, this fund has accumulated a modest amount of assets which were recorded at Rs. 468 crore as on 31st May, 2018. The per unit break value of this fund, i.e. the NAV, was last seen at Rs. 29.5492 as on 12th June, 2018 experiencing a hike of 0.51% in its value, testifying that the price of the underlying stocks of the funds has risen thus giving a boost to the funds net worth.
The Report Card
TATA Retirement Savings Fund (Growth) stands amidst the highest paying participants of the market, by giving an average yield of 17.79% since its launch in November, 2011. Further, be it short-term investments of 1 to 3 years or a longer investment of 5 or more years, the fund as quite capably outran the industry benchmark, thus creating new milestones altogether. The fund earned 16.24% returns against the benchmark (NIFTY 50) returns of 12.75% in a one year period, while spewing 21.10% returns in the five year investment against the yield obtained to the tune of 13.48% by the benchmark. This thus denotes that TATA Retirement Savings Fund – Regular Plan (Growth) is indeed a high paying investment, with the mixed benefits of all the category of funds by the virtue of being a multi-cap fund.
A Special Point
Since TATA Retirement Savings Fund (G) is a retirement oriented fund, the exit load has in this fund has been set accordingly. If you redeem or switch out of units before attaining the age of 60 years, i.e. the normal retirement age in India, then you’d be liable to pay 1% exit load on the value standing on the date of redeeming your funds.
Hence, if you are planning your retirement and want a comfortable second innings, then it’s highly suggested that you invest in TATA Retirement Savings Fund – Progressive Plan through MySIPonline’s easy investment online portal. There is everything available on this website that you may need to make a comprehensive investment plan.
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