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Franklin India Retirement Fund - Direct - Growth vs Tata Retirement Savings Fund- Moderate Plan -Direct Plan-Growth Option
Franklin India Retirement Fund and Tata Retirement Savings Fund- Moderate Plan - are both in the Retirement Fund category, from Franklin Templeton Asset Management (India) Private Limited and Tata Asset Management Limited respectively. Franklin India Retirement Fund has posted a higher 3-year rolling CAGR. Tata Retirement Savings Fund- Moderate Plan - has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Tata Retirement Savings Fund- Moderate Plan - has the lower direct-plan expense ratio, by 0.68 percentage points.
| Franklin India Retirement Fund - Direct - Growth | Tata Retirement Savings Fund- Moderate Plan -Direct Plan-Growth Option | |
|---|---|---|
| Category | Retirement Fund | Retirement Fund |
| AMC | Franklin Templeton Asset Management (India) Private Limited | Tata Asset Management Limited |
| Benchmark | CRISIL Short Term Debt Hybrid 60+40 Index | CRISIL Hybrid 25+75 - Aggressive Index |
| NAV | ₹235.2971 (2026-10-28) | ₹76.5783 (2026-10-28) |
| AUM | ₹470.89 Cr | ₹2,053.64 Cr |
| Expense Ratio (Direct) | 1.51% | 0.83% |
| Inception | 1997-03-31 | 2011-10-07 |
Returns
Franklin India Retirement Fund leads on 3-year rolling CAGR (9.7% vs Tata Retirement Savings Fund- Moderate Plan -'s 15.3%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Tata Retirement Savings Fund- Moderate Plan - has been the more volatile of the two by standard deviation.
| Franklin India Retirement Fund - Direct - Growth | Tata Retirement Savings Fund- Moderate Plan -Direct Plan-Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | -0.10 | 0.19 |
| 3Y Alpha | -0.703% | 3.4959% |
| 3Y Std Deviation | 5.4753% | 12.325% |
| 3Y Calmar Ratio | 1.11 | 0.62 |
Portfolio Analytics
Tata Retirement Savings Fund- Moderate Plan - carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Franklin India Retirement Fund - Direct - Growth | Tata Retirement Savings Fund- Moderate Plan -Direct Plan-Growth Option | |
|---|---|---|
| P/E Ratio | 26.1183 | 30.4211 |
| P/B Ratio | - | 6.656 |
| Dividend Yield | 0.9332% | 0.7433% |
| Active Share | - | - |
| Portfolio Turnover | - | - |
| YTM | 8.1224% | - |
| Duration (Macaulay) | 0.24 yrs | - |
Punji Fund Health Score
Tata Retirement Savings Fund- Moderate Plan - has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Franklin India Retirement Fund or Tata Retirement Savings Fund- Moderate Plan -?
Franklin India Retirement Fund's 3-year rolling CAGR of 9.7% is higher than Tata Retirement Savings Fund- Moderate Plan -'s 15.3%. Franklin India Retirement Fund sits in the 41st percentile of its category on this metric, versus the 78th percentile for Tata Retirement Savings Fund- Moderate Plan - - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Franklin India Retirement Fund or Tata Retirement Savings Fund- Moderate Plan -?
Tata Retirement Savings Fund- Moderate Plan -'s direct-plan expense ratio is 0.68 percentage points lower than Franklin India Retirement Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Franklin India Retirement Fund or Tata Retirement Savings Fund- Moderate Plan -?
By standard deviation (a measure of how much a fund's returns swing around its own average), Tata Retirement Savings Fund- Moderate Plan - has been more volatile than Franklin India Retirement Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (-0.10 for Franklin India Retirement Fund vs 0.19 for Tata Retirement Savings Fund- Moderate Plan -) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Franklin India Retirement Fund or Tata Retirement Savings Fund- Moderate Plan -?
Tata Retirement Savings Fund- Moderate Plan - has ₹2,054 Cr in assets under management, versus ₹471 Cr for Franklin India Retirement Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Franklin India Retirement Fund or Tata Retirement Savings Fund- Moderate Plan -?
Franklin India Retirement Fund launched on 1997-03-31, making it older than Tata Retirement Savings Fund- Moderate Plan - (launched 2011-10-07). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.