Axis Retirement Fund - Dynamic
This is the Regular plan of Axis Retirement Fund - Dynamic — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★★★☆4/5 vs 27 of 28 Retirement Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Retirement Fund (same plan and option). 27 of the 28 Retirement Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +9.36% · ranks 6 of 27 Retirement Funds
Volatility 12.0% vs 9.0% category avg
2.6% expense vs 2.2% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- 3-year return (+9.36%) beats the Retirement Fund average (+7.84%)
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- 1-year return (-3.75%) trails the Retirement Fund average (-0.33%)
- 5-year return (+5.88%) trails the Retirement Fund average (+7.47%)
- Ranks #24 of 29 on 1-year return in its Retirement Fund cohort
- More volatile than its Retirement Fund peers (12.0% vs 9.0%)
- High expense ratio (2.56%) vs the Retirement Fund average of 2.20%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Retirement Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -5.02% | -3.93% | -1.09% |
| 3M abs | -3.05% | -2.69% | -0.36% |
| 6M abs | +6.11% | +5.30% | +0.81% |
| 1Y CAGR | -3.75% | -0.33% | -3.42% |
| 3Y CAGR | +9.36% | +7.84% | +1.52% |
| 5Y CAGR | +5.88% | +7.47% | -1.59% |
Category average across peers in Retirement Fund (up to 28 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 28 peers in Retirement Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Axis Retirement Fund - Dynamic, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty 500 TRI | Diff | |
|---|---|---|---|---|
| 2026part | -5.73% | -7.18% | +1.45% | |
| 2025 | +1.53% | +7.94% | -6.41% | |
| 2024 | +24.30% | +16.43% | +7.87% | |
| 2023 | +20.12% | +27.43% | -7.31% | |
| 2022 | -6.49% | +4.34% | -10.83% | |
| 2021 | +19.10% | +31.59% | -12.49% | |
| 2020 | +17.68% | +18.33% | -0.65% | |
| 2019part | 0.00% | — | — |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity79.90%
- Debt10.45%
- Cash & Equivalents9.67%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹289.98Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Axis Mutual Fund is run by Axis Asset Management, majority-owned by Axis Bank with the UK's Schroders holding the minority stake. It launched its first scheme in 2009 and grew quickly on a growth-oriented, quality-biased equity style.
Fund Managers
KNKrishnaa NarayanStart date not disclosed
Fund Manager – Foreign Securities
Chartered Accountant and Bachelor of Commerce (Accounts & Finance)
6 years • Axis Asset Managem ent Company Ltd. [Fund Manager - (For Foreign Securities)] - March 01, 2024 till date • Axis Asset Managem ent Company Ltd. (Junior Research Analyst – Equity) – May 12, 2021 – February 29, 2024 • Price Waterhous e & Co LLP - April 22, 2019 – May 07, 2021 of the Fund Manager
- Axis Aggressive Hybrid Fund
- Axis Children's Fund
- Axis Consumption Fund
- Axis ESG Integration Strategy Fund
- Axis Flexi Cap Fund
- Axis Focused Fund
- Axis Global Equity Alpha Fund of Fund
- Axis Global Innovation Fund of Fund
- Axis Greater China Equity Fund of Fund
- Axis Innovation Fund
- Axis Large & Mid Cap Fund
- Axis Large Cap Fund
- Axis Midcap Fund
- Axis Multi Asset Allocation Fund
- Axis Small Cap Fund
- Axis Value Fund
- Axis Equity Savings Fund - Direct Plan - Growth Option
- Axis Quant Fund - Direct Plan - Growth Option
- Axis Retirement Fund - Aggressive Plan - Direct Plan - Growth Option
- Axis Retirement Fund - Conservative Plan - Direct Plan - Growth Option
DSDevang ShahStart date not disclosed
B. Com, ACA
Manager in the last 10 years management " 22 years, his last
- Axis Aggressive Hybrid Fund
- Axis Arbitrage Fund
- Axis Balanced Advantage Fund
- Axis Children's Fund
- Axis Conservative Hybrid Fund
- AXIS Corporate Bond Fund
- Axis Credit Risk Fund
- Axis Dynamic Term Fund
- Axis Gilt Fund
- Axis Income Plus Arbitrage Passive FOF
- Axis Liquid Fund
- Axis Long Term Fund
- Axis Money Market Fund
- Axis Multi Asset Allocation Fund
- Axis Short Term Fund
- Axis Equity Savings Fund - Direct Plan - Growth Option
- Axis Retirement Fund - Aggressive Plan - Direct Plan - Growth Option
- Axis Retirement Fund - Conservative Plan - Direct Plan - Growth Option
HSHardik ShahStart date not disclosed
Fund Manager – Fixed Income
MBA (Finance), B.E(I.T)
15 years, his last 10 • Axis Asset Management Company Ltd (January 2022 – Present) • SBI LIFE Insurance Co. Ltd. (June 2020 – January 2022) • Nippon India Asset Management Co. Ltd. ( erst. Reliance Mutual Fund) ( July 2013 – June 2020) Quantum Mutual Fund (Nov 2009 – July 2013) 28
- Axis Balanced Advantage Fund
- Axis Banking and PSU Debt Fund
- Axis Children's Fund
- Axis Crisil IBX 50:50 Gilt Plus SDL June 2028 Index Fund
- Axis CRISIL IBX SDL May 2027 Index Fund
- Axis Equity Savings Fund
- Axis Floating Interest Rates Fund
- Axis Long Term Fund
- Axis Multi Asset Allocation Fund
- Axis Ultra Short Term Fund
- AXIS Corporate Bond Fund - Direct Plan - Growth Option
- Axis Retirement Fund - Aggressive Plan - Direct Plan - Growth Option
- Axis Retirement Fund - Conservative Plan - Direct Plan - Growth Option
JSJayesh SundarStart date not disclosed
Fund Manager - Equity
Chartered Accountant
Total number of years of years, his last 10 years’ experience are as follows: Axis Asset Management Company Ltd (September 21, 2023 - Current) Aviva Life Insurance India Ltd (October 06, 2012 – September 08, 2023)
We don't hold this scheme's own Scheme Information Document. The managers shown are those named on it in this fund house's filings for its other schemes, so the list may be incomplete. Total AUM via AMFI.
Explore from here
Axis in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Investors should avoid thinking of debt as a risk-free asset class: Devang Shah of Axis Mutual Fund explains why
Livemint · 4h ago
Axis Pension Fund launches NPS Swasthya scheme for healthcare expenses
Fortune India · 4d ago
Axis Nifty Capital Markets Index Fund - Regular Plan Portfolio
The Economic Times · 4d ago
Axis MF's Shreyash Devalkar backs financials, says IT remains a trade despite correction
CNBC TV18 · 5d ago
Axis ELSS- Tax Saver Fund - Regular IDCW Payout
Alice Blue · 5d ago
Debt mutual funds: Axis MF suggests where to invest as RBI may raise rates by 50-75 bps over next 6 months
Livemint · 5d ago
Axis Mutual Fund partners with Grip Invest to Offer it’s schemes on the platform
Passionate In Marketing · 6d ago
4 new players to join SIF race
cafemutual.com · 7d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
Frequently asked questions
What is the NAV of Axis Retirement Fund - Dynamic?
As of 01 Oct 2026, the NAV of Axis Retirement Fund - Dynamic is ₹18.75 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Axis Retirement Fund - Dynamic delivered?
Axis Retirement Fund - Dynamic has returned -3.75% over 1 year, +9.36% per year over 3 years, +5.88% per year over 5 years and +9.72% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Axis Retirement Fund - Dynamic?
Axis Retirement Fund - Dynamic charges an expense ratio of 2.56% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Axis Retirement Fund - Dynamic?
Axis Retirement Fund - Dynamic's largest holdings are ICICI Bank Limited (5.6%), Reliance Industries Limited (5.2%), 7.3% Government of India (19/06/2053) (5.1%), HDFC Bank Limited (4.8%) and Bharti Airtel Limited (2.8%). Holdings are disclosed monthly and change over time.
How risky is Axis Retirement Fund - Dynamic?
Axis Retirement Fund - Dynamic is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.0% and its worst peak-to-trough fall in our sample was -18.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.24 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Retirement Fund - Dynamic's 0.24 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Axis Retirement Fund - Dynamic?
Axis Retirement Fund - Dynamic is benchmarked against the CRISIL Hybrid 35+65 - Aggressive Index. Its alpha and beta on this page are measured against that index.
Who manages Axis Retirement Fund - Dynamic?
Axis Retirement Fund - Dynamic is managed by Krishnaa Narayan, Devang Shah, Hardik Shah and Jayesh Sundar at Axis.
How is Axis Retirement Fund - Dynamic taxed?
Axis Retirement Fund - Dynamic is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.