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Fincash » Tata Retirement Savings Fund-Progressive Vs Tata Equity PE Fund

Tata Retirement Savings Fund-Progressive Vs Tata Equity PE Fund

Updated on July 17, 2024 , 1958 views

Tata retirement Savings Fund-Progressive Plan and Tata Equity PE Fund both the schemes are part of Tata Mutual Fund and are offered under the same category of diversified equity fund. In simple terms, Diversified Funds are the schemes that invest their corpus in stocks of companies in all Market capitalizations, that is, large-cap, mid-cap, and small cap stocks. These schemes try to exploit the opportunities available in each of these market-cap and earn maximum returns for their customers. Diversified funds generally adopt a value or growth styles strategy of Investing. Diversified funds are generally a good investment avenue for medium or long-term investment. Though both the Mutual Fund schemes are offered by Tata, yet, they differ on the Basis of numerous parameters. So, let’s understand the difference between these schemes through this article.

Tata Retirement Savings Fund-Progressive

The objective of Tata Retirement Savings Fund-Progressive Plan is to attain Capital appreciation in the long-term along with Income distribution in the medium to long-term tenure. Based on the Asset Allocation objective of this scheme, it invests around 85-100% of its corpus in equity and equity-related instruments and the remaining proportion in Fixed Income and money market instruments. This scheme is suitable for individuals who are in search of an investment avenue for retirement, follow a life cycle based approach to retirement savings, and investors seeking an alternative to retirement saving avenues. One of the key attributes of this scheme is unique auto-switch Facility through which individuals can adjust the equity-debt proportion of his/her investment. This scheme was launched on November 01, 2011. Tata Retirement Savings Fund-Progressive plan is jointly managed by Mr. Sonam Udasi and Mr. Murthy Nagarajan.

Tata Equity PE Fund

Tata Equity PE Fund is an open-ended diversified equity fund of Tata Mutual Fund. This scheme was launched on June 29, 2004. The scheme strives hard to provide its investors capital appreciation along with reasonable and regular income. This scheme of Tata Mutual Fund invests around 70-100% of its corpus fund in equity and equity-related instruments while the remaining in fixed income instruments to a maximum of 30%. Tata Equity PE Fund is solely managed by Mr. Sonam Udasi. Tata Equity PE Fund adopts the value-conscious style of investing. It aims to invest in good stocks at cheap valuations and not in cheap stocks instead. As on March 31, 2018, some of the top holdings of Tata Equity PE Fund consisted of HDFC Limited, Zee Entertainment Enterprises Limited, Reliance Industries Limited, and Grasim Industries Limited.

Tata Retirement Savings Fund-Progressive Vs Tata Equity PE Fund

Both Tata Retirement Savings Fund-Progressive and Tata Equity PE Fund have a number of differences though they belong to the same category of Equity Funds. So, let us understand the differences between these schemes that are explained with the help of following sections listed below.

Basics Section

Being the first section in the comparison, it includes parameters such as Fincash Rating, Current NAV, and scheme category. To begin with the scheme category, it can be said that both the schemes are a part of the same category, Equity Diversified. Similarly, with respect to Fincash Rating, it can be said that both the schemes are rated as 5-Star schemes. However, the comparison of NAV reveals a drastic difference between the schemes. As on April 26, 2018, the NAV of Tata Retirement Savings Fund-Progressive Plan is approximately INR 29 while of Tata Equity PE Fund is approximately INR 142. The summary of the basics section is tabulated as follows.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
Tata Retirement Savings Fund - Progressive
Growth
Fund Details
₹64.0815 ↓ -1.04   (-1.60 %)
₹2,003 on 30 Jun 24
1 Nov 11
Solutions
Retirement Fund
6
Moderately High
2.01
2.5
-0.68
4.27
Not Available
0-60 Years (1%),60 Years and above(NIL)
Tata Equity PE Fund
Growth
Fund Details
₹353.637 ↓ -7.38   (-2.04 %)
₹8,484 on 30 Jun 24
29 Jun 04
Equity
Value
7
Moderately High
1.72
2.9
1.81
7.53
Not Available
0-18 Months (1%),18 Months and above(NIL)

Performance Section

Being the second section, it compares the Compounded Annual Growth Rate or CAGR returns of both the schemes earned at different time intervals. Some of these timer intervals include 1 Month Return, 6 Month Return, 3 Year Return, and 5 Year Return. The comparison of CAGR returns reveals that in many instances, the returns generated by Tata Retirement Savings Fund-Progressive Plan is better as compared to Tata Equity PE Fund. The table given below summarizes the comparison of performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Tata Retirement Savings Fund - Progressive
Growth
Fund Details
2.5%
14%
18.3%
36.5%
16.7%
17.7%
15.7%
Tata Equity PE Fund
Growth
Fund Details
2.3%
13.7%
21.4%
46.2%
25.7%
22.2%
19.5%

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Yearly Performance Section

This section compares the absolute returns generated by both the schemes for a particular year. The comparison of absolute returns shows that in certain years Tata Equity PE Fund leads the race while in others Tata Retirement Savings Fund-Progressive Plan leads the race. The table given below shows the comparison summary of the yearly performance section.

Parameters
Yearly Performance2023
2022
2021
2020
2019
Tata Retirement Savings Fund - Progressive
Growth
Fund Details
29%
-3.9%
23.3%
14.4%
11.5%
Tata Equity PE Fund
Growth
Fund Details
37%
5.9%
28%
12.5%
5.3%

Other Details Section

This being the last section in the comparison, it includes elements such as AUM and minimum SIP and lumpsum investment. The minimum SIP and lumpsum amount for both the schemes is same. The minimum SIP amount for both the schemes is INR 500 and the minimum lumpsum amount for both the schemes is INR 5,000. However, there is a significant difference between the AUM of both the schemes. As on March 31, 2018, the AUM of Tata Retirement Savings Fund-Progressive Plan was around INR 404 Crores while of Tata Equity PE Fund was around INR 2,965 Crores. The summary of other details section is as shown in the table given below.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Tata Retirement Savings Fund - Progressive
Growth
Fund Details
₹150
₹5,000
Murthy Nagarajan - 7.17 Yr.
Tata Equity PE Fund
Growth
Fund Details
₹150
₹5,000
Sonam Udasi - 8.17 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Tata Retirement Savings Fund - Progressive
Growth
Fund Details
DateValue
30 Jun 19₹10,000
30 Jun 20₹9,420
30 Jun 21₹13,463
30 Jun 22₹12,836
30 Jun 23₹15,414
30 Jun 24₹21,347
Growth of 10,000 investment over the years.
Tata Equity PE Fund
Growth
Fund Details
DateValue
30 Jun 19₹10,000
30 Jun 20₹8,944
30 Jun 21₹13,028
30 Jun 22₹13,487
30 Jun 23₹17,316
30 Jun 24₹26,113

Detailed portfolio Comparison

Asset Allocation
Tata Retirement Savings Fund - Progressive
Growth
Fund Details
Asset ClassValue
Cash2.63%
Equity97.37%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | HDFCBANK
6%₹111 Cr723,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE
5%₹92 Cr321,000
ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 18 | ITC
4%₹66 Cr1,545,000
Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Oct 22 | SOLARINDS
3%₹58 Cr61,455
↓ -6,000
Jupiter Wagons Ltd (Industrials)
Equity, Since 31 May 23 | 533272
3%₹57 Cr946,538
↓ -335,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | ICICIBANK
3%₹53 Cr476,000
↓ -131,000
APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 30 Sep 22 | APLAPOLLO
3%₹48 Cr318,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Aug 20 | TCS
2%₹45 Cr122,589
↓ -17,000
Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Mar 24 | 543320
2%₹43 Cr2,400,000
Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | RADICO
2%₹40 Cr254,600
Asset Allocation
Tata Equity PE Fund
Growth
Fund Details
Asset ClassValue
Cash2.71%
Equity97.29%
Equity Sector Allocation
SectorValue
Financial Services28.57%
Energy13.15%
Consumer Cyclical12.75%
Utility9.8%
Industrials9.16%
Basic Materials7.47%
Consumer Defensive6.14%
Technology4.36%
Communication Services3.06%
Health Care2.82%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | HDFCBANK
8%₹656 Cr4,279,996
↑ 1,222,996
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 31 Dec 23 | 500547
5%₹424 Cr6,750,000
↑ 380,000
Coal India Ltd (Energy)
Equity, Since 31 Mar 22 | COALINDIA
4%₹339 Cr6,893,777
↓ -400,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Dec 21 | HAL
4%₹331 Cr665,500
↓ -135,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
4%₹295 Cr8,215,000
Adani Power Ltd (Utilities)
Equity, Since 31 May 24 | 533096
3%₹272 Cr3,600,000
↑ 3,600,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 18 | ITC
3%₹269 Cr6,310,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | ICICIBANK
3%₹258 Cr2,300,000
↓ -400,000
Wipro Ltd (Technology)
Equity, Since 31 Dec 23 | 507685
3%₹257 Cr5,860,000
Raymond Ltd (Consumer Cyclical)
Equity, Since 31 Jul 23 | RAYMOND
3%₹249 Cr1,126,710
↑ 8,000

Thus, form the above pointers, it can be concluded in a nutshell that both the schemes differ on account of numerous pointers. As a consequence, individuals should be careful while choosing any of the schemes for investment. They should understand its modalities completely and ensure whether the scheme suits their investment objective or not. This will help them to attain their objectives on time and in a hassle-free manner.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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