A monthly systematic investment plan (SIP) of ₹10,000 in Tata Retirement Savings Fund’s Progressive Plan would have grown to approximately ₹48.84 lakh over nearly 15 years, against a total investment of ₹17.80 lakh, according to performance data shared by Tata Mutual Fund.
The fund completed 15 years on November 1, 2026.
The SIP illustration, however, assumes the first instalment was made on December 1, 2011, followed by investments on the first day of every month.
The investment value is calculated up to September 2026.
Based on this calculation, the Progressive Plan delivered an annualised SIP return of 12.58%, taking the investment value to ₹48.84 lakh. The same monthly investment in the Nifty 500 TRI would have grown to ₹50.62 lakh, while the Nifty 50 TRI would have reached ₹43.48 lakh.
The comparison shows that the fund’s long-term performance was not uniformly ahead of the broader market benchmarks.
Since inception, the Nifty 500 TRI delivered an annualised SIP return of 13%, marginally higher than the fund’s 12.58%. The Nifty 50 TRI returned 11.20%.
How did the fund perform across different investment periods?
The fund’s performance varied across shorter investment horizons as well.
Over one year, a monthly SIP of ₹10,000 in the Progressive Plan grew to ₹1.21 lakh, against an investment of ₹1.20 lakh. This represented a return of 1.58%, compared with -6.64% for the Nifty 500 TRI and -13.59% for the Nifty 50 TRI.
Over three years, the fund delivered an annualised SIP return of 4.30%, taking the investment value to ₹3.84 lakh against ₹3.60 lakh invested. The Nifty 500 TRI returned 1.95%, while the Nifty 50 TRI recorded a negative 1.43%.
Over five years, the fund generated an annualised SIP return of 9.09%, with the investment growing to ₹7.54 lakh against ₹6 lakh invested. The corresponding values for the Nifty 500 TRI and Nifty 50 TRI were ₹7.35 lakh and ₹6.74 lakh, respectively.
However, the Nifty 500 TRI outperformed the fund over seven and 10 years. Over seven years, the index delivered an annualised SIP return of 12.10%, compared with 11.03% for the fund. Over 10 years, its return stood at 12.39%, against 11.09% for the Progressive Plan.
The Nifty 50 TRI delivered returns of 8.86% over seven years and 10.21% over 10 years, compared with 11.03% and 11.09%, respectively, for the fund.
SIP investment value across different periods
The following table shows the accumulated value of a ₹10,000 monthly SIP in the Progressive Plan and the two benchmark indices, based on Tata Mutual Fund’s calculations.
| Investment period | Progressive Plan | Nifty 500 TRI | Nifty 50 TRI |
|---|---|---|---|
| 1 year | ₹1.21 lakh | ₹1.16 lakh | ₹1.11 lakh |
| 3 years | ₹3.84 lakh | ₹3.71 lakh | ₹3.52 lakh |
| 5 years | ₹7.54 lakh | ₹7.35 lakh | ₹6.74 lakh |
| 7 years | ₹12.44 lakh | ₹12.92 lakh | ₹11.51 lakh |
| 10 years | ₹21.34 lakh | ₹22.88 lakh | ₹20.37 lakh |
| Since inception | ₹48.84 lakh | ₹50.62 lakh | ₹43.48 lakh |
(Source: Tata Mutual Fund. Calculations assume a monthly SIP of ₹10,000 invested on the first day of every month. The since-inception illustration assumes the first instalment was made on December 1, 2011, and the valuation is as of September 2026.)
Who manages the fund?
According to the fund house, Sonam Udasi has been managing the fund since April 1, 2016, while Murthy Nagarajan has been associated with its management since April 1, 2017.
What should investors keep in mind?
The SIP figures are historical illustrations based on past market performance and do not indicate assured future returns. Mutual fund investments are subject to market risks, and actual investor returns may differ depending on investment dates, instalment timing and the plan selected.
NOTE TO READERS
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Readers should consult certified experts before making any investment decisions.