Tata Retirement Savings Fund Conservative

SolutionDirect and Regular plans, Growth option

Data as on 30-10-2026

Tata Retirement Savings Fund Conservative is a mutual fund run by Tata Mutual Fund. On 30-09-2026, it managed ₹165 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.2% a year and its Regular plan returned 6.0% a year.

NAV (Direct plan): ₹37.87; ▼ 0.25%30-10-2026
NAV (Regular plan): ₹31.86; ▼ 0.26%30-10-2026
Expense ratio: 1.04%Direct2.16%Regular; 1.04%; A year
Riskometer: Moderately High; Set by the fund house
3 year return: 7.2%Direct6.0%Regular; 7.2%; A year

Tata Retirement Savings Fund Conservative NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹37.87 (down 0.25% that day); Regular Plan Growth ₹31.86 (down 0.26% that day).

This fund (Direct plan)

₹37.8735

Tata Retirement Savings Fund Conservative Returns

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−1.16%	−2.71%	+0.51%	+0.92%	+7.22%	+6.23%	+7.90%
This fund (Regular)	−1.25%	−2.99%	−0.06%	−0.25%	+5.97%	+4.98%	+6.55%
Category average	--	--	--	--	--	--	--
Best in category	--	--	--	--	--	--	--
Worst in category	--	--	--	--	--	--	--
Rank in category	--	--	--	--	--	--	--

No category comparison is shown: this fund's category is too broad to compare, or has fewer than five funds. This fund's benchmark is CRISIL Short Term Debt Hybrid 75+25 Index. Returns of that index are not available to us.

Tata Retirement Savings Fund Conservative Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+0.55%	−0.41%
2025	+4.84%	+3.60%
2024	+11.23%	+9.89%
2023	+13.37%	+12.08%
2022	+1.30%	+0.11%
2021	+8.87%	+7.58%

Tata Retirement Savings Fund Conservative Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,614 periods, one for each trading day from 08-01-2016 to 30-10-2026.

0%5%10%15%20%

Nov 2013
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025

Tata Retirement Savings Fund Conservative (Direct)

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss
1 year	3,090	9.5%	−2.8%	27.0%	2%
2 years	2,855	10.4%	2.0%	17.9%	0%
3 years	2,614	9.2%	4.2%	15.8%	0%
5 years	2,131	9.3%	5.9%	13.6%	0%
7 years	1,649	8.9%	7.5%	12.0%	0%
10 years	920	9.6%	7.8%	10.7%	0%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss
1 year	154	9.6%	−6.4%	26.3%	5%
2 years	142	9.4%	0.3%	21.6%	0%
3 years	130	9.2%	2.0%	14.7%	0%
5 years	106	8.9%	5.5%	13.7%	0%
7 years	82	8.9%	6.8%	10.5%	0%
10 years	46	8.9%	7.4%	9.9%	0%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. Past returns do not promise future returns.

Tata Retirement Savings Fund Conservative Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Tata Retirement Savings Fund Conservative (Direct)This fund
Return (CAGR)	+0.92%
Standard deviation	5.09%
Sharpe ratio	-0.85
Sortino ratio	-1.12
Maximum drawdown	−4.7% (23-10-2026)

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Tata Retirement Savings Fund Conservative (Direct)This fund
Return (CAGR)	+7.22%
Standard deviation	4.74%
Sharpe ratio	0.25
Sortino ratio	0.34
Maximum drawdown	−5.1% (03-03-2025)

From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Tata Retirement Savings Fund Conservative (Direct)This fund
Return (CAGR)	+6.23%
Standard deviation	4.54%
Sharpe ratio	0.09
Sortino ratio	0.13
Maximum drawdown	−6.0% (17-06-2022)

From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Tata Retirement Savings Fund Conservative (Direct)This fund
Return (CAGR)	+7.90%
Standard deviation	4.92%
Sharpe ratio	0.51
Sortino ratio	0.69
Maximum drawdown	−11.0% (23-03-2020)

From daily NAVs, 28-10-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Tata Retirement Savings Fund Conservative (Direct)This fund
Return (CAGR)	+9.24%
Standard deviation	4.79%
Sharpe ratio	0.67
Sortino ratio	0.92
Maximum drawdown	−11.0% (23-03-2020)

From daily NAVs, 08-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−12%−10%−8%−6%−4%−2%0%

2014201620182020202220242026

Tata Retirement Savings Fund Conservative (Direct)

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Tata Retirement Savings Fund Conservative (Direct)	−11.0%	20-02-2020	23-03-2020	23-06-2020	3 months	−3.8%

From the Direct plan's daily NAV since 08-01-2013, adjusted for unit splits. "Time to climb back" runs from the bottom to the first day back at the old high.

Tata Retirement Savings Fund Conservative Expense Ratio and Costs

What each plan charges a year, in force from 01-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio
Direct	0.85%	0.01%	0.00%	0.18%	1.04%
Regular	1.83%	0.01%	0.00%	0.32%	2.16%

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	−0.25%	0.92%	1.17%	₹99,750	₹1,00,920
3 years	5.97%	7.22%	1.25% a year	₹1,19,001	₹1,23,261
5 years	4.98%	6.23%	1.25% a year	₹1,27,507	₹1,35,281
10 years	6.55%	7.90%	1.35% a year	₹1,88,597	₹2,13,902

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Tata Retirement Savings Fund Conservative SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 08-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planTata Retirement Savings Fund Conservative (Direct)	₹16,60,000	₹30,30,346	₹13,70,346	8.3%
Regular planTata Retirement Savings Fund Conservative (Regular)	₹16,60,000	₹27,33,482	₹10,73,482	6.9%

₹0₹10.0 L₹20.0 L₹30.0 L₹40.0 L

2014201620182020202220242026

Direct planTata Retirement Savings Fund Conservative (Direct)Regular planTata Retirement Savings Fund Conservative (Regular)Amount invested

From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

Tata Retirement Savings Fund Conservative Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

62.0%Debt

Asset	Fund
Debt	62.0%
Equity	27.1%
Cash and others	10.9%

Market cap of stocks

Market cap	Fund
Large Cap	14.8%
Mid Cap	5.9%
Small Cap	6.0%
Not on AMFI's list	0.4%

Share of the whole fund. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Credit rating

Bonds and money market papers by credit rating, % of the fund.

Rating	Fund
Sovereign	59.1%
AAA and A1+	2.9%

Tata Retirement Savings Fund Conservative Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Capital Markets3.4%
Banks2.7%
Chemicals & Petrochemicals1.5%
Consumer Durables1.4%
Industrial Products1.4%
Automobiles1.3%
Food Products1.3%
Retailing1.2%
Petroleum Products1.2%
Financial Technology (Fintech)1.1%

The ten largest of 26 sectors. The other 16 add up to 10.8%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Capital Markets	3.5%	3.5%	3.4%	−0.2%
Banks	2.7%	2.8%	2.7%	0.0%
Chemicals & Petrochemicals	1.5%	1.6%	1.5%	0.0%
Consumer Durables	1.8%	1.8%	1.4%	−0.4%
Industrial Products	1.6%	1.5%	1.4%	−0.2%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

Tata Retirement Savings Fund Conservative Portfolio Holdings

As on 30-09-2026 · 56 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
GOI - 6.79% (07/10/2034) · Government security	SOV	20.67%
GOI - 7.17% (17/04/2030) · Government security	SOV	9.15%
GOI - 7.38% (20/06/2027) · Government security	SOV	9.14%
GOI - 6.36% (16/02/2031) · Government security	SOV	8.89%
GOI - 7.36% (12/09/2052) · Government security	SOV	5.85%
GOI - 6.90% (15/04/2065) · Government security	SOV	5.42%
** 07.51 % SHIVSHAKTI SECURITISATION TRUST - 28/09/2029	CRISIL-AAA	2.88%
SOLAR INDUSTRIES INDIA LTD	Chemicals & Petrochemicals	1.50%	−7.9%
ICICI BANK LTD	Banks	1.44%	0.0%
ETERNAL LTD	Retailing	1.22%	0.0%
RELIANCE INDUSTRIES LTD	Petroleum Products	1.16%	0.0%
MULTI COMMODITY EXCHANGE OF IND LTD	Capital Markets	1.09%	0.0%
ATHER ENERGY LTD	Automobiles	1.07%	0.0%
COAL INDIA LTD	Consumable Fuels	0.99%	0.0%
ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD	Transport Infrastructure	0.78%	0.0%
DIXON TECHNOLOGIES (INDIA) LTD	Consumer Durables	0.78%	0.0%
DOMS INDUSTRIES LTD	Household Products	0.76%	0.0%
RADICO KHAITAN LTD	Beverages	0.71%	0.0%
EXIDE INDUSTRIES LTD	Auto Components	0.70%	0.0%
KOTAK MAHINDRA BANK LTD	Banks	0.68%	0.0%
ONE 97 COMMUNICATIONS LTD	Financial Technology (Fintech)	0.64%	+41.4%
TATA CONSUMER PRODUCTS LTD	Agricultural Food & other Products	0.61%	0.0%
360 ONE WAM LTD	Capital Markets	0.60%	0.0%
TITAN COMPANY LTD	Consumer Durables	0.60%	+9.1%
SUN PHARMACEUTICAL INDUSTRIES LTD	Pharmaceuticals & Biotechnology	0.59%	0.0%
POLYCAB INDIA LTD	Industrial Products	0.58%	−4.8%
NIPPON LIFE INDIA ASSET MANAGEMENT LTD	Capital Markets	0.58%	0.0%
BIKAJI FOODS INTERNATIONAL LTD	Food Products	0.57%	0.0%
FUJIYAMA POWER SYSTEMS LTD	Electrical Equipment	0.56%	0.0%
BSE LTD	Capital Markets	0.55%	0.0%
NESTLE INDIA LTD	Food Products	0.53%	0.0%
KARUR VYSYA BANK LTD	Banks	0.53%	0.0%
OIL INDIA LTD	Oil	0.53%	0.0%
BILLIONBRAINS GARAGE VENTURES LTD (GROWW)	Capital Markets	0.53%	0.0%
HCL TECHNOLOGIES LTD	IT - Software	0.47%	0.0%
PB FINTECH LTD	Financial Technology (Fintech)	0.41%	0.0%
KIRLOSKAR PNEUMATIC COMPANY LTD	Industrial Products	0.41%	0.0%
APOLLO HOSPITALS ENTERPRISE LTD	Healthcare Services	0.40%	0.0%
RAINBOW CHILDRENS MEDICARE LTD	Healthcare Services	0.39%	0.0%
GRINDWELL NORTON LTD	Industrial Products	0.37%	0.0%
ADANI POWER LTD	Power	0.34%	0.0%
TATA CONSULTANCY SERVICES LTD	IT - Software	0.33%	0.0%
SHRIRAM FINANCE LTD	Finance	0.32%	0.0%
MUTHOOT FINANCE LTD	Finance	0.31%	0.0%
VARUN BEVERAGES LTD	Beverages	0.31%	0.0%
THE RAMCO CEMENTS LTD	Cement & Cement Products	0.28%	0.0%
MANAPPURAM FINANCE LTD	Finance	0.27%	0.0%
GLAXOSMITHKLINE PHARMACEUTICALS LTD	Pharmaceuticals & Biotechnology	0.27%	0.0%
MARUTI SUZUKI INDIA LTD	Automobiles	0.26%	0.0%
GODREJ INDUSTRIES LTD	Diversified	0.25%	0.0%
GODREJ AGROVET LTD	Food Products	0.23%	0.0%
VEDANTA ALUMINIUM METAL LTD	Non - Ferrous Metals	0.20%	0.0%
ZENSAR TECHNOLOGIES LTD	IT - Software	0.18%	0.0%
ADANI ENERGY SOLUTIONS LTD	Power	0.14%	0.0%
DIAMOND POWER INFRASTRUCTURE LTD	Electrical Equipment	0.09%	0.0%
RBL BANK LTD	Banks	0.04%	0.0%

Tata Retirement Savings Fund Conservative Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

SOLAR INDUSTRIES INDIA LTD	Reduced	−7.9%	1.50%
POLYCAB INDIA LTD	Reduced	−4.8%	0.58%
ONE 97 COMMUNICATIONS LTD	Added	+41.4%	0.64%
TITAN COMPANY LTD	Added	+9.1%	0.60%
METRO BRANDS LTD	Sold out	−100%	was 0.30%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What Tata Retirement Savings Fund Conservative bought and sold

Tata Retirement Savings Fund Conservative Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Tata Retirement Savings Fund ModerateSolution · Tata	33.4%	54	Compare
Tata Retirement Savings Fund ProgressiveSolution · Tata	27.2%	49	Compare
LIC MF Conservative Hybrid FundConservative Hybrid · LIC	26.6%	6	Compare
Zerodha Life Cycle Fund 2031Zerodha	18.9%	35	Compare
LIC MF Children's FundSolution · LIC	17.2%	10	Compare
Axis Conservative Hybrid FundConservative Hybrid · Axis	16.4%	9	Compare
Axis Retirement Fund - Aggressive PlanSolution · Axis	16.2%	19	Compare
Zerodha Nifty LargeMidcap 250 Index FundIndex · Zerodha	15.3%	35	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Tata Retirement Savings Fund Conservative Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 1.04%
Expense ratio (Regular): 2.16%
Category: Solution
Risk: Moderately High
Launch date: 01-11-2011
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹165.48 Cr (30-09-2026)
Lock in: 5 years, or until retirement if earlier
Scheme code (Direct): 119256
ISIN (Direct): INF277K01QM5
Scheme code (Regular): 115944
ISIN (Regular): INF277K01FI6
NAV history: From 08-01-2013, 13.8 years

Benchmark: CRISIL Short Term Debt Hybrid 75+25 Index
Exit load: 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.

Tax on Tata Retirement Savings Fund Conservative returns

How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹37.8735	30-10-2026
regular	Growth	₹31.8638	30-10-2026

About Tata Retirement Savings Fund Conservative

Tata Retirement Savings Fund Conservative is a mutual fund from Tata Mutual Fund. Its category is Solution. It was launched on 01-11-2011. Its benchmark is CRISIL Short Term Debt Hybrid 75+25 Index. At the end of September 2026 it held 56 securities.

Fund Manager

Sonam Udasi
Fund manager of Tata Retirement Savings Fund Conservative, since 09-03-2021
Murthy Nagarajan
Fund manager of Tata Retirement Savings Fund Conservative, since 09-03-2021
Amit Somani
Fund manager of Tata Retirement Savings Fund Conservative, since 01-06-2026

See all funds of Tata Mutual Fund

AUM change

September 2026: ₹165.48 Cr; −3.29% from August 2026
August 2026: ₹171.11 Cr; +1.32% from July 2026
July 2026: ₹168.88 Cr; +0.51% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Tata Retirement Savings Fund Conservative with Other Funds

Returns, risk, costs and the stocks they share, side by side

Tata Retirement Savings Fund Conservative vs Tata Retirement Savings Fund Moderate33.4% overlap
Tata Retirement Savings Fund Conservative vs Tata Retirement Savings Fund Progressive27.2% overlap
Tata Retirement Savings Fund Conservative vs LIC MF Conservative Hybrid26.6% overlap
Tata Retirement Savings Fund Conservative vs Zerodha Life Cycle Fund 203118.9% overlap
Tata Retirement Savings Fund Conservative vs LIC MF Children's17.2% overlap
Tata Retirement Savings Fund Conservative vs Axis Conservative Hybrid16.4% overlap
Tata Retirement Savings Fund Conservative vs Axis Retirement Fund - Aggressive Plan16.2% overlap
Tata Retirement Savings Fund Conservative vs Zerodha Nifty LargeMidcap 250 Index15.3% overlap

Compare with any other fund

Frequently Asked Questions for Tata Retirement Savings Fund Conservative

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

The Direct plan NAV is ₹37.8735. The Regular plan NAV is ₹31.8638, as on 30-10-2026.

What are the returns of Tata Retirement Savings Fund Conservative?

The Direct plan returned +0.92% in 1 year, +7.22% a year over 3 years, +6.23% a year over 5 years. The Regular plan returned −0.25% in 1 year, +5.97% a year over 3 years, +4.98% a year over 5 years. These figures are as on 30-10-2026.

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

The Direct plan charges 1.04% a year. The Regular plan charges 2.16% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of Tata Retirement Savings Fund Conservative?

Tata Retirement Savings Fund Conservative managed ₹165.48 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

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

At the end of September 2026 the largest holdings were GOI - 6.79% (07/10/2034) (20.67%), GOI - 7.17% (17/04/2030) (9.15%), GOI - 7.38% (20/06/2027) (9.14%), GOI - 6.36% (16/02/2031) (8.89%), GOI - 7.36% (12/09/2052) (5.85%). The fund held 56 securities in all.

What did Tata Retirement Savings Fund Conservative buy and sell in September 2026?

It sold out of 1: METRO BRANDS LTD. It added shares in 2. It reduced 2.

How do I invest in Tata Retirement Savings Fund Conservative?

Through Tata Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

Who is the fund manager of Tata Retirement Savings Fund Conservative?

Sonam Udasi (since 09-03-2021), Murthy Nagarajan (since 09-03-2021), Amit Somani (since 01-06-2026).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.