SBI Retirement Benefit Fund - Aggressive Plan vs Tata Retirement Savings Fund-Conservative Plan
SBI Retirement Benefit Fund - Aggressive Plan and Tata Retirement Savings Fund-Conservative Plan are both Retirement Funds. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR +9.34% vs +7.67%, 5-year CAGR +10.26% vs +6.55%, volatility 14.93% vs 5.63%, maximum drawdown −17.91% vs −10.98%. Their portfolios overlap by 2.8% (4 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| SBI Retirement Benefit Fund - Aggressive Plan | Tata Retirement Savings Fund-Conservative Plan | |
|---|---|---|
| Fund house | SBI Mutual Fund | Tata Mutual Fund |
| Compared as | Retirement Funds | Retirement Funds |
| NAV | ₹21.4652 | ₹38.5812 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 17 Feb 2021 | 8 Jan 2013 |
| Track record | 5.7 yrs | 13.8 yrs |
| Fund size (AUM) | ₹3,066 Cr | ₹165 Cr |
| Securities held | 56 | 56 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| SBI Retirement Benefit Fund - Aggressive Plan | Tata Retirement Savings Fund-Conservative Plan | |
|---|---|---|
| 1 month | +2.65% | +0.90% |
| 3 months | −2.70% | −1.50% |
| 6 months | +2.20% | +1.50% |
| 1 year | −0.69% | +2.96% |
| 3 years (CAGR) | +9.34% | +7.67% |
| 5 years (CAGR) | +10.26% | +6.55% |
| 7 years (CAGR) | — | +7.87% |
| 10 years (CAGR) | — | +8.18% |
| Since launch (CAGR) | +14.02% | +9.38% |
| SIP return (XIRR, 5 years) ⓘ | +8.71% | +6.82% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| SBI Retirement Benefit Fund - Aggressive Plan | Tata Retirement Savings Fund-Conservative Plan | |
|---|---|---|
| 2026 (year to date) | −1.29% | +2.43% |
| 2025 | +6.18% | +4.84% |
| 2024 | +11.72% | +11.23% |
| 2023 | +28.29% | +13.37% |
| 2022 | +9.22% | +1.30% |
| 2021 | — | +8.87% |
Risk
| SBI Retirement Benefit Fund - Aggressive Plan | Tata Retirement Savings Fund-Conservative Plan | |
|---|---|---|
| Volatility (annualised) ⓘ | 14.93% | 5.63% |
| Downside volatility ⓘ | 10.76% | 4.13% |
| Sharpe ratio ⓘ | 0.19 | 0.21 |
| Sortino ratio ⓘ | 0.26 | 0.28 |
| Maximum drawdown ⓘ | −17.91% | −10.98% |
| Recovery from that fall | — | 3 months |
| Current fall from peak | −4.53% | −2.03% |
| Rolling 1-year return: worst | −7.88% | −2.83% |
| Rolling 1-year return: median | +11.08% | +9.51% |
| Rolling 1-year return: best | +36.37% | +27.02% |
| Share of 1-year periods with a loss | 12.74% | 1.71% |
Against each fund's benchmark
| SBI Retirement Benefit Fund - Aggressive Plan | Tata Retirement Savings Fund-Conservative Plan | |
|---|---|---|
| Beta ⓘ | 0.98 | 0.36 |
| Alpha (Jensen's, annualised) ⓘ | +0.05% | −0.33% |
| R² ⓘ | 91.75 | 86.09 |
| Upside capture | 97.98% | 48.08% |
| Downside capture | 96.82% | 29.86% |
| Tracking error | 4.35% | 9.76% |
| Information ratio | -0.01 | -0.13 |
| Treynor ratio | 1.95 | 1.99 |
Portfolio
Asset mix
| SBI Retirement Benefit Fund - Aggressive Plan | Tata Retirement Savings Fund-Conservative Plan | |
|---|---|---|
| Equity | 95.29% | 27.15% |
| Cash & equivalents | 4.51% | 10.85% |
| Debt | 0.20% | 62.00% |
Market-cap split (share of fund assets)
| SBI Retirement Benefit Fund - Aggressive Plan | Tata Retirement Savings Fund-Conservative Plan | |
|---|---|---|
| Large Cap | 46.28% | 14.84% |
| Mid Cap | 23.86% | 5.86% |
| Small Cap | 23.35% | 6.04% |
| Unclassified | 1.80% | 0.41% |
Concentration
| SBI Retirement Benefit Fund - Aggressive Plan | Tata Retirement Savings Fund-Conservative Plan | |
|---|---|---|
| Top 10 holdings | 34.40% | 66.16% |
| Effective number of stocks ⓘ | 43.6 | 13.1 |
| Securities held | 56 | 56 |
Portfolio overlap: 2.8%
4 companies are held by both funds; by weight, 2.8% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | SBI Retirement Benefit Fund - Aggressive Plan | Tata Retirement Savings Fund-Conservative Plan |
|---|---|---|
| ICICI Bank Limited | 5.63% | 1.44% |
| Kotak Mahindra Bank Limited | 2.67% | 0.68% |
| Grindwell Norton Ltd. | 1.48% | 0.37% |
| Maruti Suzuki India Limited | 2.95% | 0.26% |
Top 10 holdings
SBI Retirement Benefit Fund - Aggressive Plan
- HDFC Bank Limited6.13%
- ICICI Bank Limited5.63%
- Larsen & Toubro Limited3.86%
- State Bank of India3.61%
- Maruti Suzuki India Limited2.95%
- Kotak Mahindra Bank Limited2.67%
- UltraTech Cement Limited2.58%
- Urban Company Ltd.2.39%
- JSW Infrastructure Ltd2.32%
- Lenskart Solutions Limited2.26%
Tata Retirement Savings Fund-Conservative Plan
- 6.79% Government of India (07/10/2034)20.67%
- 7.17% Government of India9.15%
- 7.38% Government of India (20/06/2027)9.14%
- 6.36% GOI 16-Feb-20318.89%
- GOI - 7.36% (12/09/2052)5.85%
- Government Securities5.42%
- Shivshakti Securitisation Trust2.88%
- Solar Industries India Limited1.50%
- ICICI Bank Limited1.44%
- Eternal Limited1.22%
Sector exposure
| SBI Retirement Benefit Fund - Aggressive Plan | Tata Retirement Savings Fund-Conservative Plan | |
|---|---|---|
| Sovereign | 0.03% | 50.23% |
| Banks | 18.04% | 2.69% |
| SOVEREIGN | 0.00% | 8.89% |
| Pharmaceuticals & Biotechnology | 7.21% | 0.86% |
| Automobiles | 6.97% | 1.33% |
| Retailing | 6.24% | 1.22% |
| Auto Components | 5.04% | 0.70% |
| Industrial Products | 4.85% | 1.36% |
| Finance | 4.60% | 0.90% |
| Chemicals & Petrochemicals | 4.54% | 1.50% |
| Cement & Cement Products | 4.33% | 0.28% |
| Construction | 3.86% | 0.00% |
| IT - Software | 3.77% | 0.98% |
| Consumer Durables | 3.68% | 1.38% |
Questions people ask
What is the difference between SBI Retirement Benefit Fund - Aggressive Plan and Tata Retirement Savings Fund-Conservative Plan returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return −0.69% vs +2.96%; 3-year CAGR +9.34% vs +7.67%; 5-year CAGR +10.26% vs +6.55%; 10-year CAGR — vs +8.18%. Past returns do not indicate future returns.
How do SBI Retirement Benefit Fund - Aggressive Plan and Tata Retirement Savings Fund-Conservative Plan compare on risk?
Volatility (36 monthly returns, annualised) 14.93% vs 5.63%; Sharpe ratio 0.19 vs 0.21; Sortino ratio 0.26 vs 0.28; maximum drawdown −17.91% vs −10.98%; beta 0.98 vs 0.36.
How much do SBI Retirement Benefit Fund - Aggressive Plan and Tata Retirement Savings Fund-Conservative Plan overlap?
By weight, 2.8% of the two portfolios is invested in the same companies; 4 stocks are held by both, the largest shared positions being ICICI Bank Limited, Kotak Mahindra Bank Limited, Grindwell Norton Ltd.. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of SBI Retirement Benefit Fund - Aggressive Plan and Tata Retirement Savings Fund-Conservative Plan?
SBI Retirement Benefit Fund - Aggressive Plan: large cap 46.3%, mid cap 23.9%, small cap 23.4%. Tata Retirement Savings Fund-Conservative Plan: large cap 14.8%, mid cap 5.9%, small cap 6.0% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 4 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.