Axis Retirement Fund - Conservative Plan
- NAV as on 6 Nov 2026
- ₹16.06+0.35%1 day
- Return since launch
- 7.1%
- 52-week range
- ₹15.29 — ₹16.33
- AUM
- ₹43.39 Cr
Axis Retirement Fund - Conservative Plan is a Retirement Solutions hybrid fund from Axis Mutual Fund with ₹43.39 Cr under management, launched in 2019. Over three years it has returned 2.9% a year, against 8.6% for its category. The expense ratio is 2.16% and the SEBI riskometer reading is High.
Performance
Axis Retirement Fund - Conservative Plan NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -0.2% against +0.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 1.9% | +0.5 pts | 1.4% | 3.0% |
| 2Y | 1.8% | −2.5 pts | 4.2% | 3.3% |
| 3Y | 2.9% | −5.6 pts | 8.6% | 4.5% |
| 5Y | 5.3% | −1.8 pts | 7.0% | 7.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 3.8% | +0.6 pts | 3.2% | 3.7% |
| 3M | -0.9% | −0.1 pts | -0.7% | -0.7% |
| 6M | 1.4% | −0.5 pts | 1.9% | 2.9% |
| 1Y | -0.2% | −1.6 pts | 1.4% | 0.1% |
| 2Y | 1.6% | −1.3 pts | 2.9% | 3.3% |
| 3Y | 6.8% | −1.8 pts | 8.6% | 8.5% |
| 5Y | 4.7% | −2.3 pts | 7.0% | 7.0% |
Since launch (29 Nov 2019): 7.1%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 5.1% | −1.4 pts | 6.5% |
| 2024 | 11.5% | −3.4 pts | 14.8% |
| 2023 | 13.7% | −4.9 pts | 18.6% |
| 2022 | -4.3% | −6.6 pts | 2.4% |
| 2021 | 12.0% | −3.0 pts | 15.0% |
| 2020 | 13.7% | −0.8 pts | 14.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.17%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.83%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.33%
- Exit load
- 0%
- Lock-in
- 5 years
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Hybrid 75+25 Conservative Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at high risk — typically diversified and large cap equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.07 | 0.40 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.09 | 0.54 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 7.04 | 13.28 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Axis Retirement Fund - Conservative Plan portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity36.5%
- Debt60.7%
- Other2.8%
Market cap split
- Large94.8%
- Mid4.1%
- Small1.1%
- P/E
- 19.66
- P/B
- 3.04
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| GOI | Sovereign | 15.53% | ₹6.94 Cr | +15.08% | +14.84% | +14.68% |
| Reliance Industries Ltd. | Energy | 4.49% | ₹2.01 Cr | +4.58% | +4.87% | +4.20% |
| Others | Others | 3.78% | ₹1.69 Cr | +2.88% | +4.25% | +5.10% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 2.62% | ₹1.17 Cr | +2.60% | +2.28% | +1.93% |
| Bharti Airtel Ltd. | Communication | 2.29% | ₹1.03 Cr | +2.26% | +2.23% | +2.00% |
| State Bank of India | Financial | 2.13% | ₹0.95 Cr | +2.72% | +2.65% | +2.92% |
| Infosys Ltd. | Technology | 2.13% | ₹0.95 Cr | +2.00% | +2.56% | +2.57% |
| HDFC Bank Ltd. | Financial | 1.95% | ₹0.87 Cr | +2.05% | +1.93% | +2.13% |
| Indus Infra Trust | Construction | 1.92% | ₹0.86 Cr | +1.74% | +1.75% | +1.37% |
| ICICI Bank Ltd. | Financial | 1.82% | ₹0.81 Cr | +1.96% | +1.55% | +1.47% |
| Life Insurance Corporation of India | Insurance | 1.74% | ₹0.78 Cr | +1.78% | +1.53% | +1.62% |
| Hero Motocorp Ltd. | Automobile | 1.50% | ₹0.67 Cr | +1.29% | +1.39% | +2.19% |
| HCL Technologies Ltd. | Technology | 1.37% | ₹0.61 Cr | +1.12% | +1.43% | +1.26% |
| ITC Ltd. | Consumer Staples | 1.33% | ₹0.60 Cr | +1.36% | +1.40% | +1.66% |
| Kotak Mahindra Bank Ltd. | Financial | 1.25% | ₹0.56 Cr | +1.10% | +1.01% | +0.72% |
| Mahindra & Mahindra Ltd. | Automobile | 1.17% | ₹0.53 Cr | +1.14% | +1.13% | +1.25% |
| Larsen & Toubro Ltd. | Construction | 1.13% | ₹0.50 Cr | +1.56% | +1.49% | +1.41% |
| NTPC Ltd. | Energy | 1.06% | ₹0.47 Cr | +1.09% | +1.16% | +0.91% |
| Varun Beverages Ltd. | Consumer Staples | 0.94% | ₹0.42 Cr | +1.04% | +0.80% | +0.79% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 0.88% | ₹0.39 Cr | +0.95% | +0.92% | +0.76% |
| Britannia Industries Ltd. | Consumer Staples | 0.69% | ₹0.31 Cr | +0.68% | +0.74% | +0.66% |
| Mankind Pharma Ltd. | Healthcare | 0.69% | ₹0.31 Cr | +0.84% | +0.73% | +0.75% |
| Tech Mahindra Ltd. | Technology | 0.65% | ₹0.29 Cr | +0.56% | +0.67% | +0.56% |
| Cipla Ltd. | Healthcare | 0.57% | ₹0.25 Cr | +0.58% | +0.49% | +0.78% |
| Info Edge (India) Ltd. | Services | 0.49% | ₹0.22 Cr | — | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | 0.49% | ₹0.22 Cr | +0.50% | +0.53% | +0.58% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.42% | ₹0.19 Cr | — | — | — |
| Tata Consultancy Services Ltd. | Technology | 0.36% | ₹0.16 Cr | +0.33% | +0.40% | +0.50% |
| Cyient DLM Ltd. | Capital Goods | 0.32% | ₹0.14 Cr | — | — | — |
| Hindustan Unilever Ltd. | Consumer Staples | 0.20% | ₹0.09 Cr | +0.21% | +0.21% | +0.22% |
| Bajaj Finance Ltd. | Financial | 0.19% | ₹0.09 Cr | +0.19% | +0.15% | +0.16% |
| Sundaram Finance Ltd. | Financial | 0.18% | ₹0.08 Cr | +0.27% | +0.27% | +0.54% |
| Global Health Ltd. | Healthcare | 0.15% | ₹0.07 Cr | — | — | — |
| ITC Hotels Ltd. | Services | 0.08% | ₹0.04 Cr | +0.09% | +0.07% | +0.09% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 0.91% | 2.45% | +1.54% |
| State Bank of India | 2.88% | 2.13% | -0.74% |
| GOI | 15.05% | 15.53% | +0.48% |
| Infosys Ltd. | 2.33% | 2.13% | -0.20% |
| Reliance Industries Ltd. | 4.63% | 4.49% | -0.14% |
| Apollo Hospitals Enterprise Ltd. | 2.74% | 2.62% | -0.12% |
| Varun Beverages Ltd. | 0.84% | 0.94% | +0.10% |
| Sundaram Finance Ltd. | 0.28% | 0.18% | -0.10% |
| ICICI Bank Ltd. | 1.92% | 1.82% | -0.10% |
| ITC Ltd. | 1.24% | 1.33% | +0.09% |
| HDFC Bank Ltd. | 1.87% | 1.95% | +0.08% |
| Mahindra & Mahindra Ltd. | 1.25% | 1.17% | -0.08% |
| Mankind Pharma Ltd. | 0.64% | 0.69% | +0.05% |
| Kotak Mahindra Bank Ltd. | 1.20% | 1.25% | +0.04% |
| Tata Consultancy Services Ltd. | 0.40% | 0.36% | -0.04% |
| Sun Pharmaceutical Industries Ltd. | 0.92% | 0.88% | -0.04% |
| Cyient DLM Ltd. | 0.28% | 0.32% | +0.04% |
| Larsen & Toubro Ltd. | 1.16% | 1.13% | -0.04% |
| HCL Technologies Ltd. | 1.40% | 1.37% | -0.03% |
| Indus Infra Trust | 1.89% | 1.92% | +0.03% |
| NTPC Ltd. | 1.03% | 1.06% | +0.03% |
| Britannia Industries Ltd. | 0.71% | 0.69% | -0.03% |
| Bharti Airtel Ltd. | 2.27% | 2.29% | +0.03% |
| Life Insurance Corporation of India | 1.77% | 1.74% | -0.02% |
| Info Edge (India) Ltd. | 0.51% | 0.49% | -0.02% |
| Tech Mahindra Ltd. | 0.67% | 0.65% | -0.02% |
| Bajaj Finance Ltd. | 0.20% | 0.19% | -0.01% |
| Global Health Ltd. | 0.15% | 0.15% | -0.01% |
| ITC Hotels Ltd. | 0.08% | 0.08% | +0.01% |
| Torrent Pharmaceuticals Ltd. | 0.43% | 0.42% | 0.00% |
| Hero Motocorp Ltd. | 1.50% | 1.50% | 0.00% |
| Cipla Ltd. | 0.57% | 0.57% | 0.00% |
| Hindustan Unilever Ltd. | 0.20% | 0.20% | 0.00% |
| HDFC Life Insurance Co Ltd. | 0.49% | 0.49% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹886 Cr | 2.42% | 5.4% | 6.0% | 9.7% |
 Tata Retirement Savings Moderate Fund | ₹2,115 Cr | 2.16% | 8.2% | 6.6% | 10.0% |
 ICICI Prudential Retirement Fund - Hybrid Aggressive Plan | ₹1,268 Cr | 2.45% | 0.6% | 7.3% | 12.8% |
| Axis Retirement Fund - Aggressive Plan | ₹666 Cr | 2.49% | 5.7% | 4.6% | 8.0% |
| Axis Retirement Fund - Dynamic Plan | ₹269 Cr | 2.56% | 6.7% | 4.9% | 8.6% |
 Aditya Birla Sun Life Retirement Fund - The 40s Plan | ₹110 Cr | 2.42% | 6.0% | 6.4% | 9.1% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The schemes seeks to generate regular income through investments predominantly in debt and money market instruments and to generate long term capital appreciation by investing certain portion of the portfolio in equity and equity related securities.
Fund managers
- Devang ShahMr. Shah is B.Com and ACA.Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
- Hardik ShahMr. Shah has done B.E. Information Technology and MBA Finance.Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.
- Jayesh SundarMr. Sundar is a Chartered AccountantPrior to joining Axis MF, he has worked with Aviva Life Insurance Company, Tata Securities Ltd., Collins Stewart India Pvt. Ltd., IL&FS Investsmart and CRISIL
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months1.40% absolute | ₹60,000 | ₹60,840 | 1.40% | |
| 1 year−0.22% annualised | ₹1,20,000 | ₹1,19,857 | −0.12% | |
| 3 years6.78% annualised | ₹3,60,000 | ₹4,00,233 | 11.18% | |
| 5 years4.72% annualised | ₹6,00,000 | ₹6,77,880 | 12.98% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.