Solution OrientedRetirement FundRegularGrowthHigh

Axis Retirement Fund - Conservative

Q: What is the NAV of Axis Retirement Fund - Conservative?

As of 01 Oct 2026, the NAV of Axis Retirement Fund - Conservative is ₹15.46 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Axis Retirement Fund - Conservative delivered?

Axis Retirement Fund - Conservative has returned -2.56% over 1 year, +5.47% per year over 3 years, +4.24% per year over 5 years and +6.64% 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.

Q: What is the expense ratio of Axis Retirement Fund - Conservative?

Axis Retirement Fund - Conservative charges an expense ratio of 2.16% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Axis Retirement Fund - Conservative?

Axis Retirement Fund - Conservative's largest holdings are 7.18% Government of India (24/07/2037) (33.7%), 7.34% Government of India (22/04/2064) (15.1%), 7.1% Government of India (08/04/2034) (10.9%), Reliance Industries Limited (4.6%) and State Bank of India (2.9%). Holdings are disclosed monthly and change over time.

Q: How risky is Axis Retirement Fund - Conservative?

Axis Retirement Fund - Conservative is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 5.6% and its worst peak-to-trough fall in our sample was -12.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.18 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Retirement Fund - Conservative's -0.18 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Axis Retirement Fund - Conservative?

Axis Retirement Fund - Conservative is benchmarked against the CRISIL Hybrid 75+25 - Conservative Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Axis Retirement Fund - Conservative?

Axis Retirement Fund - Conservative is managed by Krishnaa Narayan, Devang Shah, Hardik Shah and Jayesh Sundar at Axis.

Q: How is Axis Retirement Fund - Conservative taxed?

Axis Retirement Fund - Conservative 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.

Axis Mutual Fund · Best Retirement Mutual Funds

NAV

₹15.46

-0.27% 1D

as of 01 Oct 2026

This is the Regular plan of Axis Retirement Fund - Conservative — 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.

Compare SIP calculator

Performance

-2.15%CAGR

52-week rangePrev NAV ₹15.50

Latest ₹15.46

Low ₹15.2916th percentile of its 52-week rangeHigh ₹16.33

Scorecard

★☆☆☆☆1/5 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.

PerformanceBelow avg

3Y CAGR +5.47% · ranks 22 of 27 Retirement Funds

RiskLow

Volatility 5.6% vs 9.2% category avg

CostAverage

2.2% expense vs 2.2% category avg

ConsistencyHigh

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

Less volatile than its Retirement Fund peers (5.6% vs 9.2%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

1-year return (-2.56%) trails the Retirement Fund average (-0.37%)
3-year return (+5.47%) trails the Retirement Fund average (+7.99%)
5-year return (+4.24%) trails the Retirement Fund average (+7.54%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.16%

Category 2.22%▼0.06%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

18.78

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.18

Category 0.00▼0.18

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

5 yrs

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

CRISIL Hybrid 75+25 - Conservative Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

27 Dec 2019

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-3.27%

Absolute return over the last 3 months (not annualized)

-2.93%

Absolute return over the last 6 months (not annualized)

+1.10%

Absolute return since 1 Jan of this year (not annualized)

-5.10%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-2.56%

3-year annualized return (CAGR)

+5.47%

5-year annualized return (CAGR)

+4.24%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+6.64%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

5.56%

Excess return per unit of total volatility (rf = 6.5%)

-0.18

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.25

Largest peak-to-trough decline over full history

-12.88%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

-2.34%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.41

How much of the fund's movement Nifty 500 TRI explains

82.9%

Excess return per unit of beta (market risk)

-2.25

Active return over the benchmark per unit of tracking error

-0.42

Annualized std dev of fund-minus-benchmark returns

9.78%

Fund's share of benchmark gains in up months (100 = matches index)

47.6%

Fund's share of benchmark losses in down months (lower is better)

42.3%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Retirement Fund)

Period	Fund	Category avg.	Diff
1M abs	-3.27%	-3.99%	+0.72%
3M abs	-2.93%	-2.69%	-0.24%
6M abs	+1.10%	+5.48%	-4.38%
1Y CAGR	-2.56%	-0.37%	-2.19%
3Y CAGR	+5.47%	+7.99%	-2.52%
5Y CAGR	+4.24%	+7.54%	-3.30%

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

1Y return

-2.56%

Beats 25% · rank #22

3Y return

+5.47%

Beats 19.2% · rank #22

5Y return

+4.24%

Beats 4.2% · rank #24

Sharpe

-0.18

Beats 15.4% · rank #23

Sortino

-0.25

Beats 15.4% · rank #23

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.60L

Absolute

+10.07%

XIRR

+3.91%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Axis Retirement Fund - Conservative, 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	-5.10%	-7.18%	+2.08%
2025	+5.10%	+7.94%	-2.84%
2024	+11.57%	+16.43%	-4.86%
2023	+13.71%	+27.43%	-13.72%
2022	-4.25%	+4.34%	-8.59%
2021	+12.03%	+31.59%	-19.56%
2020	+13.74%	+18.33%	-4.59%
2019part	+0.02%	—	—

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.

History points

1,647

Expense ratio

2.16%

AUM

₹47.65Cr

YTM (from holdings)

7.23%

Average maturity

16.53 years

Exit load

Nil

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

18.8

P/B ratio

4.3

Avg market cap

₹6,27,722Cr

P/E & P/B are portfolio-weighted harmonic means across 31 of 32 equity holdings (37% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This 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.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

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.

Peer comparison · Retirement Fund

Compare all


Axis Retirement Fund - ConservativeThis fund Axis · Regular · Growth	★☆☆☆☆	-2.56%	+5.47%	+4.24%	—	2.16%	₹47.65Cr
ICICI Prudential Retirement Fund Pure Equity ICICI Prudential · Regular · Growth	★★★★★	+2.89%	+16.82%	+16.35%	—	2.14%	₹1,884Cr
ICICI Prudential Retirement Fund Hybrid Aggressive ICICI Prudential · Regular · Growth	★★★★★	+2.76%	+14.72%	+12.74%	—	2.48%	₹1,173Cr
Aditya Birla Sun Life Retirement Fund-The 30s Aditya Birla Sun Life · Regular · Growth	★★★☆☆	+9.49%	+13.57%	+10.10%	—	2.64%	₹434.17Cr
Union Retirement Fund Union · Regular · Growth	★★★★☆	+0.58%	+10.20%	—	—	2.68%	₹197.16Cr
Tata Retirement Savings Fund-Progressive Tata · Regular · Growth	★★★★☆	+1.31%	+9.67%	+8.01%	—	2.18%	₹2,087Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 95% of the equity sleeve priced.

Large cap90.6%
Mid cap8.4%
Small cap1.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt59.63%
Equity38.45%
Cash & Equivalents1.93%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Axis Conservative Hybrid Fund Axis · Conservative Hybrid Fund	63.0% of 19% equity	★★☆☆☆	1.16%	+6.27%
Nippon India Index Fund - BSE Sensex Nippon India · Index Funds	55.3%	★★☆☆☆	0.21%	+3.92%
HDFC BSE Sensex Index Fund HDFC · Index Funds	55.3%	★★☆☆☆	0.22%	+3.91%
Tata BSE Sensex Index Fund Tata · Index Funds	55.3%	★★☆☆☆	0.33%	+3.81%
Nippon India ETF BSE Sensex Nippon India · Other ETFs	55.3%	—	0.04%	+4.13%
UTI BSE Sensex ETF UTI · Equity ETF	55.3%	★★★☆☆	—	+4.12%
UTI BSE Sensex Index Fund UTI · Index Funds	55.3%	★★☆☆☆	0.23%	+3.93%
SBI BSE Sensex Index Fund SBI · Index Funds	55.3%	★☆☆☆☆	0.24%	+3.86%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.28% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Cyient DLM LimitedLong-term · Stage I0.28%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-12.9%17 Feb 2020 → 23 Mar 2020
Fell over 35 days, back to the old high on 28 Aug 2020 — 5 months under water after the low.
-9.1%17 Jan 2022 → 17 Jun 2022
Fell over 5 months, back to the old high on 05 Jul 2023 — 13 months under water after the low.
-7.5%26 Sep 2024 → 04 Mar 2025
Fell over 5 months, back to the old high on 15 May 2025 — 2 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹47.65Cr

April - June 2026

-5%

since January - March 2026

−₹76.75L

est. net flow, last quarter

At or near its largest, ₹50.07Cr 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.

Launched

03 Sep 2009

Total AUM

₹3,69,030Cr+2.6% QoQ

Avg AUM · April - June 2026

Website

axismf.com

Fund Managers

KNKrishnaa NarayanStart date not disclosed

Role

Fund Manager – Foreign Securities

Education

Chartered Accountant and Bachelor of Commerce (Accounts & Finance)

Experience

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

Funds managed (20)

All schemes Krishnaa Narayan runs →

DSDevang ShahStart date not disclosed

Education

B. Com, ACA

Experience

Manager in the last 10 years management " 22 years, his last

Funds managed (18)

All schemes Devang Shah runs →

HSHardik ShahStart date not disclosed

Role

Fund Manager – Fixed Income

Education

MBA (Finance), B.E(I.T)

Experience

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

Funds managed (13)

All schemes Hardik Shah runs →

JSJayesh SundarStart date not disclosed

Role

Fund Manager - Equity

Education

Chartered Accountant

Experience

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)

Funds managed (7)

All schemes Jayesh Sundar runs →

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

Fund managers

Krishnaa Narayan Devang Shah Hardik Shah Jayesh Sundar

Top holdings

Reliance Industries Limited State Bank of India Apollo Hospitals Enterprise Limited Infosys Limited Bharti Airtel Limited ICICI Bank Limited Indus Infra Trust HDFC Bank Limited Life Insurance Corporation Of India Hero MotoCorp Limited HCL Technologies Limited Mahindra & Mahindra Limited

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.

Run SIP calculator Add to compare

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 - Conservative?

As of 01 Oct 2026, the NAV of Axis Retirement Fund - Conservative is ₹15.46 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Axis Retirement Fund - Conservative delivered?

Axis Retirement Fund - Conservative has returned -2.56% over 1 year, +5.47% per year over 3 years, +4.24% per year over 5 years and +6.64% 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 - Conservative?

Axis Retirement Fund - Conservative charges an expense ratio of 2.16% 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 - Conservative?

Axis Retirement Fund - Conservative's largest holdings are 7.18% Government of India (24/07/2037) (33.7%), 7.34% Government of India (22/04/2064) (15.1%), 7.1% Government of India (08/04/2034) (10.9%), Reliance Industries Limited (4.6%) and State Bank of India (2.9%). Holdings are disclosed monthly and change over time.

How risky is Axis Retirement Fund - Conservative?

Axis Retirement Fund - Conservative is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 5.6% and its worst peak-to-trough fall in our sample was -12.9%. 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 -0.18 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Retirement Fund - Conservative's -0.18 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Axis Retirement Fund - Conservative?

Axis Retirement Fund - Conservative is benchmarked against the CRISIL Hybrid 75+25 - Conservative Index. Its alpha and beta on this page are measured against that index.

Who manages Axis Retirement Fund - Conservative?

Axis Retirement Fund - Conservative is managed by Krishnaa Narayan, Devang Shah, Hardik Shah and Jayesh Sundar at Axis.

How is Axis Retirement Fund - Conservative taxed?

Axis Retirement Fund - Conservative 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.