COMPARE
SBI Retirement Benefit Fund - Conservative Hybrid Plan - Direct Plan - Growth vs Tata Retirement Savings Fund- Moderate Plan -Direct Plan-Growth Option
SBI Retirement Benefit Fund - Conservative Hybrid Plan and Tata Retirement Savings Fund- Moderate Plan - are both in the Retirement Fund category, from SBI Funds Management Limited and Tata Asset Management Limited respectively. Tata Retirement Savings Fund- Moderate Plan - 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 0.44 percentage points.
| SBI Retirement Benefit Fund - Conservative Hybrid Plan - Direct Plan - Growth | Tata Retirement Savings Fund- Moderate Plan -Direct Plan-Growth Option | |
|---|---|---|
| Category | Retirement Fund | Retirement Fund |
| AMC | SBI Funds Management Limited | Tata Asset Management Limited |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | CRISIL Hybrid 25+75 - Aggressive Index |
| NAV | ₹15.9693 (2026-10-28) | ₹76.5783 (2026-10-28) |
| AUM | ₹242.783 Cr | ₹2,053.64 Cr |
| Expense Ratio (Direct) | 1.27% | 0.83% |
| Inception | 2021-01-20 | 2011-10-07 |
Returns
Tata Retirement Savings Fund- Moderate Plan - leads on 3-year rolling CAGR (15.3% vs SBI Retirement Benefit Fund - Conservative Hybrid Plan's 10.5%) - 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.
Portfolio Analytics
SBI Retirement Benefit Fund - Conservative Hybrid 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.
| SBI Retirement Benefit Fund - Conservative Hybrid Plan - Direct Plan - Growth | Tata Retirement Savings Fund- Moderate Plan -Direct Plan-Growth Option | |
|---|---|---|
| P/E Ratio | 32.3796 | 30.4211 |
| P/B Ratio | 11.6103 | 6.656 |
| Dividend Yield | 0.8122% | 0.7433% |
| Active Share | - | - |
| Portfolio Turnover | - | - |
| YTM | 8.3728% | - |
| Duration (Macaulay) | 4.42 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, SBI Retirement Benefit Fund - Conservative Hybrid Plan or Tata Retirement Savings Fund- Moderate Plan -?
Tata Retirement Savings Fund- Moderate Plan -'s 3-year rolling CAGR of 15.3% is higher than SBI Retirement Benefit Fund - Conservative Hybrid Plan's 10.5%. Tata Retirement Savings Fund- Moderate Plan - sits in the 78th percentile of its category on this metric, versus the 48th percentile for SBI Retirement Benefit Fund - Conservative Hybrid 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, SBI Retirement Benefit Fund - Conservative Hybrid Plan or Tata Retirement Savings Fund- Moderate Plan -?
Tata Retirement Savings Fund- Moderate Plan -'s direct-plan expense ratio is 0.44 percentage points lower than SBI Retirement Benefit Fund - Conservative Hybrid Plan'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, SBI Retirement Benefit Fund - Conservative Hybrid Plan 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 SBI Retirement Benefit Fund - Conservative Hybrid Plan 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 (-0.22 for SBI Retirement Benefit Fund - Conservative Hybrid Plan 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, SBI Retirement Benefit Fund - Conservative Hybrid Plan or Tata Retirement Savings Fund- Moderate Plan -?
Tata Retirement Savings Fund- Moderate Plan - has ₹2,054 Cr in assets under management, versus ₹243 Cr for SBI Retirement Benefit Fund - Conservative Hybrid Plan. 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, SBI Retirement Benefit Fund - Conservative Hybrid Plan or Tata Retirement Savings Fund- Moderate Plan -?
Tata Retirement Savings Fund- Moderate Plan - launched on 2011-10-07, making it older than SBI Retirement Benefit Fund - Conservative Hybrid Plan (launched 2021-01-20). 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.