COMPARE
Tata Retirement Savings Fund- Moderate Plan -Direct Plan-Growth Option vs Union Retirement Fund - Direct Plan - Growth Option
Tata Retirement Savings Fund- Moderate Plan - and Union Retirement Fund are both in the Retirement Fund category, from Tata Asset Management Limited and Union Asset Management Company Private Limited respectively. Union 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 0.54 percentage points.
| Tata Retirement Savings Fund- Moderate Plan -Direct Plan-Growth Option | Union Retirement Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Retirement Fund | Retirement Fund |
| AMC | Tata Asset Management Limited | Union Asset Management Company Private Limited |
| Benchmark | CRISIL Hybrid 25+75 - Aggressive Index | BSE 500 TRI |
| NAV | ₹76.5783 (2026-10-28) | ₹16.37 (2026-10-28) |
| AUM | ₹2,053.64 Cr | ₹200.058 Cr |
| Expense Ratio (Direct) | 0.83% | 1.37% |
| Inception | 2011-10-07 | 2022-09-01 |
Returns
Union Retirement Fund leads on 3-year rolling CAGR (18.0% 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
Union Retirement Fund has been the more volatile of the two by standard deviation.
| Tata Retirement Savings Fund- Moderate Plan -Direct Plan-Growth Option | Union Retirement Fund - Direct Plan - Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | 0.19 | 0.19 |
| 3Y Alpha | 3.4959% | 1.7764% |
| 3Y Std Deviation | 12.325% | 14.1016% |
| 3Y Calmar Ratio | 0.62 | 0.54 |
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.
| Tata Retirement Savings Fund- Moderate Plan -Direct Plan-Growth Option | Union Retirement Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 30.4211 | 29.5478 |
| P/B Ratio | 6.656 | 7.6038 |
| Dividend Yield | 0.7433% | 0.744% |
| Active Share | - | 64.35% |
| Portfolio Turnover | - | 44% |
| YTM | - | 5.3857% |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Tata Retirement Savings Fund- Moderate Plan - and Union Retirement Fund carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, Tata Retirement Savings Fund- Moderate Plan - or Union Retirement Fund?
Union Retirement Fund's 3-year rolling CAGR of 18.0% is higher than Tata Retirement Savings Fund- Moderate Plan -'s 15.3%. Union Retirement Fund sits in the 89th 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, Tata Retirement Savings Fund- Moderate Plan - or Union Retirement Fund?
Tata Retirement Savings Fund- Moderate Plan -'s direct-plan expense ratio is 0.54 percentage points lower than Union 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, Tata Retirement Savings Fund- Moderate Plan - or Union Retirement Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Union Retirement Fund has been more volatile than Tata Retirement Savings Fund- Moderate 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 (0.19 for Tata Retirement Savings Fund- Moderate Plan - vs 0.19 for Union Retirement Fund) 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, Tata Retirement Savings Fund- Moderate Plan - or Union Retirement Fund?
Tata Retirement Savings Fund- Moderate Plan - has ₹2,054 Cr in assets under management, versus ₹200 Cr for Union 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, Tata Retirement Savings Fund- Moderate Plan - or Union Retirement Fund?
Tata Retirement Savings Fund- Moderate Plan - launched on 2011-10-07, making it older than Union Retirement Fund (launched 2022-09-01). 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.