Fundalysisby DARKHORSESTOCKS

Scheme

Tata Retirement Savings Fund Moderate Plan

Holds 52 companies worth ₹1,672 Cr in Sept 2026.

  • Fund house

    TataThe fund house that runs this scheme.

  • AUM

    ₹2,115 CrTata Retirement Savings Fund Moderate Plan's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.1% on Aug 2026, ₹2,251 Cr.

  • Largest holding

    Solar Industries IndiaSolar Industries India is 4.7% of this scheme's NAV.

  • Fund manager

    Sonam UdasiRuns it since 1 Apr 2016, as the fund house dates it. With Murthy Nagarajan (fund manager), Amit Somani (co-manager).

Overview(9 Oct 2026)

Fund managers3

  1. Sonam UdasiFund manager · Apr 2016 · 28y · PGDM B.Com
  2. Murthy NagarajanFund manager · Apr 2017 · 29y · CMA M.Com B.Com
  3. Amit SomaniCo-manager · Jun 2026 · 24y · CFA PGDM B.Com

    Key facts

    Benchmark
    CRISIL Hybrid 25+75-Aggressive Index
    Risk
    Very High
    Expense
    Regular 2.18% · Direct 0.85%
    Exit load
    1% within 61 months
    Started
    1 Nov 2011
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 9 Oct 2026 at AMFI.

    What changed(8 changes)

    Sept 2026

    1 change
    1. Expense ratio
      11 SeptRegular 2.17% → 2.15%Direct 0.84% → 0.83%

    Aug 2026

    2 changes
    1. Amit Somani joined
      13 Augas co-manager
    2. Expense ratio
      13 AugRegular 2.29% → 2.17%Direct 0.93% → 0.84%

    Apr 2026

    1 change
    1. Expense ratio
      29 AprRegular 2.04% → 2.29%Direct 0.7% → 0.93%

    Source.Its filings at NSE, since Mar 2025.

    Fund managers over time(Apr 2016 – now)

    1. Sonam Udasi
    2. Murthy Nagarajan
    3. Amit Somani
    MainCoSlice20172019202120232025
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Mar 2025 – Oct 2026)

    Every change to the expense ratio, newest first.
    8 changesRegularDirectΔ pt
    11 Sept 20262.15%0.83%0.01
    13 Aug 20262.17%0.84%0.09
    29 Apr 20262.29%0.93%0.23
    27 Feb 20262.04%0.70%0.11
    30 Dec 20251.99%0.59%0.01
    31 Jul 20252.00%0.60%0.01
    30 Jun 20251.99%0.59%0.01
    31 Mar 20252.00%0.60%–
    Direct plan, 11 Sept 2026
    0.83%
    Regular plan 2.15% · Exit load 1% within 61 months
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(9 Oct 2026)

    Objective

    To provide a financial planning tool for long term financial security for investors based on their retirement planning goals. However, there can be no assurance that the investment objective of the fund will be realized, as actual market movements may be at variance with anticipated trends.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier).
    Benchmark
    CRISIL Hybrid 25+75-Aggressive Index

    Asset allocation it may hold% of NAV

    1. Equity and Equity related instruments
      Allowed65–85%Holds79.1%
    2. Debt & Money Market instruments
      Allowed15–35%Holds20.9%
    3. Units of InvITs
      Allowed0–10%Holds0.0%
    4. Other Securities
      Allowed0–10%

    Holds in Sept 2026.79.1% equity · 20.9% debt and cash

    How to invest(9 Oct 2026)

    Buying

    To start
    ₹5,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    Most
    Not Applicable.
    Systematic
    SIP-- Monthly/Monthly/Quarterly/Quarterly/Weekly/Daily (Business Days) ;STP --Monthly/Quarterly/Weekly/Daily (Business Days) ;SWP --Monthly/Quarterly/Half-yearly/Yearly
    Dates
    SIP-- Any day/Any day/Any day/Any day/Monday-Friday/All Business Days ;STP --Any day/Any day/Monday-Friday/All Business Days ;SWP --Any day/Any day/Any day/Any day
    Minimum
    SIP-- 150.00/1,000.00/1,000.00/1,500.00/150.00/150.00 ;STP --500.00/500.00/500.00/500.00 ;SWP --500.00/500.00/500.00/500.00, then sIP-- 1.00/1.00/1.00/1.00/1.00/1.00 ;STP --1.00/1.00/1.00/1.00 ;SWP --1.00/1.00/1.00/1.00
    Instalments
    SIP-- 12 Instalments/6 instalments/6 instalments/4 instalments/12 instalments/12 instalments ;STP --500.00 to 999.00 - 12 instalments; 1,000.00 to 1,999.00 - 6 instalments; 2,000.00 and more - 3 instalments ;SWP --1.00/1.00/1.00/1.00
    Most
    SIP-- 999.00/Not Applicable/Not Applicable/Not Applicable/Not Applicable/Not Applicable ;STP --Not Applicable/Not Applicable/Not Applicable/Not Applicable ;SWP --Not Applicable/Not Applicable/Not Applicable/Not Applicable

    Selling and switching

    To redeem
    ₹500 or 50 units
    Minimum balance
    No mimimum balance required or No mimimum unit balance required units
    Switch minimum
    For all units there is no minimum switch amount. or For all units there is no minimum switch units. units
    Switch multiples
    Not Applicable. or Not Applicable. units
    Switch most
    Not Applicable. or Not Applicable. units

    Scheme details(9 Oct 2026)

    What it is

    Category
    Retirement Fund
    Offer
    7 Oct 2011 to 21 Oct 2011
    Started
    1 Nov 2011
    Reopened
    8 Nov 2011
    Plans
    Tata Retirement Savings Fund-Moderate Regular Plan - Growth · Tata Retirement Savings Fund-Moderate DIRECT Plan - Growth
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    Yes
    Custodian
    Standard Chartered Bank
    Auditor
    S.R. Batliboi & CO. LLP
    Registrar
    Computer Age Management Services Limited
    SEBI code
    TATA/O/S/RET/11/06/0022