Axis Retirement Savings Fund - Dynamic Plan Direct Growth
HybridRetirementVery High Risk
Direct
NAV (04-Oct-24)
₹21.77-0.50%1D
Returns (Since Inception)
17.63%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹394 Cr
Expense Ratio
1.11%
ISIN
INF846K01T28
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
20 Dec 2019
About this fund
Axis Retirement Savings Fund - Dynamic Plan Direct Growth is a Retirement mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 4 years, 9 months and 16 days, having been launched on 20-Dec-19.
As of 04-Oct-24, it has a Net Asset Value (NAV) of ₹21.77, Assets Under Management (AUM) of 393.70 Crores, and an expense ratio of 1.11%.
As of 04-Oct-24, it has a Net Asset Value (NAV) of ₹21.77, Assets Under Management (AUM) of 393.70 Crores, and an expense ratio of 1.11%.
- Axis Retirement Savings Fund - Dynamic Plan Direct Growth has given a CAGR return of 17.63% since inception.
- The fund's asset allocation comprises around 88.91% in equities, 8.91% in debts, and 2.18% in cash & cash equivalents.
- You can start investing in Axis Retirement Savings Fund - Dynamic Plan Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+42.66%
— (Cat Avg.)
3 Years
+14.04%
— (Cat Avg.)
Since Inception
+17.63%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹350.05 Cr | 88.91% |
| Debt | ₹35.07 Cr | 8.91% |
| Others | ₹8.59 Cr | 2.18% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹20.23 Cr | 5.14% |
| Reliance Industries Ltd | Equity | ₹17.51 Cr | 4.45% |
| 7.3% Govt Stock 2053 | Bond - Gov't/Treasury | ₹15.55 Cr | 3.95% |
| Infosys Ltd | Equity | ₹14.34 Cr | 3.64% |
| HDFC Bank Ltd | Equity | ₹14.34 Cr | 3.64% |
| Tata Consultancy Services Ltd | Equity | ₹10.88 Cr | 2.76% |
| Torrent Power Ltd | Equity | ₹10.38 Cr | 2.64% |
| Bajaj Finance Ltd | Equity | ₹9.56 Cr | 2.43% |
| Pidilite Industries Ltd | Equity | ₹9.48 Cr | 2.41% |
| 7.25% Govt Stock 2063 | Bond - Gov't/Treasury | ₹9.26 Cr | 2.35% |
| Info Edge (India) Ltd | Equity | ₹7.82 Cr | 1.99% |
| Larsen & Toubro Ltd | Equity | ₹7.46 Cr | 1.90% |
| Minda Corp Ltd | Equity | ₹7.04 Cr | 1.79% |
| Mahindra & Mahindra Ltd | Equity | ₹6.62 Cr | 1.68% |
| Avenue Supermarts Ltd | Equity | ₹6.47 Cr | 1.64% |
| V-Guard Industries Ltd | Equity | ₹6.39 Cr | 1.62% |
| Vijaya Diagnostic Centre Ltd | Equity | ₹6.09 Cr | 1.55% |
| Bharti Airtel Ltd | Equity | ₹6.04 Cr | 1.53% |
| Zomato Ltd | Equity | ₹5.99 Cr | 1.52% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹5.46 Cr | 1.39% |
| Sundaram Finance Ltd | Equity | ₹5.44 Cr | 1.38% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹5.36 Cr | 1.36% |
| Apar Industries Ltd | Equity | ₹5.22 Cr | 1.33% |
| 7.23% Govt Stock 2039 | Bond - Gov't/Treasury | ₹5.14 Cr | 1.31% |
| 7.18% Govt Stock 2037 | Bond - Gov't/Treasury | ₹5.11 Cr | 1.30% |
| Bajaj Auto Ltd | Equity | ₹4.99 Cr | 1.27% |
| Jyothy Labs Ltd | Equity | ₹4.85 Cr | 1.23% |
| Ajanta Pharma Ltd | Equity | ₹4.83 Cr | 1.23% |
| Kaynes Technology India Ltd | Equity | ₹4.82 Cr | 1.22% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹4.65 Cr | 1.18% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹4.53 Cr | 1.15% |
| Fortis Healthcare Ltd | Equity | ₹4.41 Cr | 1.12% |
| Mankind Pharma Ltd | Equity | ₹4.34 Cr | 1.10% |
| Nestle India Ltd | Equity | ₹4.25 Cr | 1.08% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹3.98 Cr | 1.01% |
| SBI Life Insurance Co Ltd | Equity | ₹3.96 Cr | 1.01% |
| Net Receivables / (Payables) | Cash - Collateral | ₹3.93 Cr | 1.00% |
| DLF Ltd | Equity | ₹3.87 Cr | 0.98% |
| Coforge Ltd | Equity | ₹3.83 Cr | 0.97% |
| Sansera Engineering Ltd | Equity | ₹3.82 Cr | 0.97% |
| PNB Housing Finance Ltd | Equity | ₹3.79 Cr | 0.96% |
| Hindustan Unilever Ltd | Equity | ₹3.71 Cr | 0.94% |
| Indian Bank | Equity | ₹3.68 Cr | 0.93% |
| Mphasis Ltd | Equity | ₹3.64 Cr | 0.93% |
| Oil & Natural Gas Corp Ltd | Equity | ₹3.54 Cr | 0.90% |
| Jupiter Life Line Hospitals Ltd | Equity | ₹3.47 Cr | 0.88% |
| Coal India Ltd | Equity | ₹3.42 Cr | 0.87% |
| SBFC Finance Ltd | Equity | ₹3.38 Cr | 0.86% |
| PI Industries Ltd | Equity | ₹3.34 Cr | 0.85% |
| Tata Motors Ltd | Equity | ₹3.28 Cr | 0.83% |
| Tata Power Co Ltd | Equity | ₹3.22 Cr | 0.82% |
| Abbott India Ltd | Equity | ₹3.11 Cr | 0.79% |
| Phoenix Mills Ltd | Equity | ₹3.08 Cr | 0.78% |
| Jyoti CNC Automation Ltd | Equity | ₹2.97 Cr | 0.75% |
| Suzlon Energy Ltd | Equity | ₹2.88 Cr | 0.73% |
| Power Grid Corp Of India Ltd | Equity | ₹2.83 Cr | 0.72% |
| Brigade Enterprises Ltd | Equity | ₹2.72 Cr | 0.69% |
| HDFC Life Insurance Co Ltd | Equity | ₹2.71 Cr | 0.69% |
| Can Fin Homes Ltd | Equity | ₹2.71 Cr | 0.69% |
| Bharat Electronics Ltd | Equity | ₹2.7 Cr | 0.69% |
| Anant Raj Ltd | Equity | ₹2.68 Cr | 0.68% |
| Bharat Petroleum Corp Ltd | Equity | ₹2.64 Cr | 0.67% |
| JK Cement Ltd | Equity | ₹2.53 Cr | 0.64% |
| United Spirits Ltd | Equity | ₹2.45 Cr | 0.62% |
| Sona BLW Precision Forgings Ltd | Equity | ₹2.45 Cr | 0.62% |
| Bharat Dynamics Ltd Ordinary Shares | Equity | ₹2.33 Cr | 0.59% |
| eClerx Services Ltd | Equity | ₹2.27 Cr | 0.58% |
| Jubilant Foodworks Ltd | Equity | ₹2.2 Cr | 0.56% |
| UNO Minda Ltd | Equity | ₹2.2 Cr | 0.56% |
| State Bank of India | Equity | ₹2.16 Cr | 0.55% |
| Vardhman Textiles Ltd | Equity | ₹2.14 Cr | 0.54% |
| Voltas Ltd | Equity | ₹2.09 Cr | 0.53% |
| Bank of Baroda | Equity | ₹1.93 Cr | 0.49% |
| Zydus Lifesciences Ltd | Equity | ₹1.85 Cr | 0.47% |
| Titagarh Rail Systems Ltd | Equity | ₹1.61 Cr | 0.41% |
| Voltamp Transformers Ltd | Equity | ₹1.47 Cr | 0.37% |
| Hindalco Industries Ltd | Equity | ₹1.42 Cr | 0.36% |
| KEI Industries Ltd | Equity | ₹1.38 Cr | 0.35% |
| Techno Electric & Engineering Co Ltd | Equity | ₹1.19 Cr | 0.30% |
| RHI Magnesita India Ltd | Equity | ₹0.91 Cr | 0.23% |
| Computer Age Management Services Ltd Ordinary Shares | Equity | ₹0.7 Cr | 0.18% |
| Dixon Technologies (India) Ltd | Equity | ₹0.33 Cr | 0.08% |
| Nifty 24500 Put October 2024 Option | Equity Index - Option (Put) | ₹0.24 Cr | 0.06% |
| Nifty 24000 Put September 2024 Option | Equity Index - Option (Put) | ₹0.05 Cr | 0.01% |
| Kotak Mahindra Bank Ltd | Equity | ₹0.04 Cr | 0.01% |
| RITES Ltd Ordinary Shares | Equity | ₹0.01 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
52.25%
Mid Cap Stocks
18.16%
Small Cap Stocks
17.68%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹83.81 Cr | 21.29% |
| Industrials | ₹43.42 Cr | 11.03% |
| Consumer Cyclical | ₹40.73 Cr | 10.34% |
| Healthcare | ₹37.55 Cr | 9.54% |
| Technology | ₹36 Cr | 9.14% |
| Energy | ₹27.11 Cr | 6.89% |
| Consumer Defensive | ₹21.73 Cr | 5.52% |
| Basic Materials | ₹16.77 Cr | 4.26% |
| Utilities | ₹16.43 Cr | 4.17% |
| Communication Services | ₹13.86 Cr | 3.52% |
| Real Estate | ₹12.35 Cr | 3.14% |
Risk & Performance Ratios
Standard Deviation
This fund
11.39%
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
0.80
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Devang Shah
Since April 2024
Nitin Arora
Since May 2023
Hardik Shah
Since April 2024
Jayesh Sundar
Since January 2024
KN
Krishnaa N
Since March 2024
Additional Scheme Detailsas of 31st August 2024
ISIN | INF846K01T28 | Expense Ratio | 1.11% | Exit Load | No Charges | Fund Size | ₹394 Cr | Age | 4 years 9 months | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL Hybrid 35+65 - Agg TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Retirement Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata Retirement Savings Moderate Fund Regular Growth Very High Risk | 2.0% | 1.0% | ₹2205.81 Cr | 31.2% |
| Tata Retirement Savings Conservative Fund Regular Growth Moderately High risk | 2.2% | 1.0% | ₹177.52 Cr | 14.7% |
| Tata Retirement Savings Progressive Fund Regular Growth Very High Risk | 2.0% | 1.0% | ₹2131.58 Cr | 37.4% |
| Axis Retirement Savings Fund - Aggressive Plan Regular Growth Very High Risk | 2.2% | 0.0% | ₹950.70 Cr | 36.1% |
| Axis Retirement Savings Fund - Conservative Plan Direct Growth High Risk | 0.7% | 0.0% | ₹76.25 Cr | 21.5% |
| Axis Retirement Savings Fund - Aggressive Plan Direct Growth Very High Risk | 0.9% | 0.0% | ₹950.70 Cr | 38.0% |
| Axis Retirement Savings Fund - Dynamic Plan Regular Growth Very High Risk | 2.4% | 0.0% | ₹393.70 Cr | 40.7% |
| Axis Retirement Savings Fund - Dynamic Plan Direct Growth Very High Risk | 1.1% | 0.0% | ₹393.70 Cr | 42.7% |
| Axis Retirement Savings Fund - Conservative Plan Regular Growth High Risk | 2.1% | 0.0% | ₹76.25 Cr | 19.9% |
| Franklin India Pension Plan Regular Growth High Risk | 2.3% | 3.0% | ₹525.37 Cr | 19.0% |
About the AMC
Total AUM
₹3,14,919 Cr
Address
Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025
Other Funds by Axis Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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We're here to help.
What is the current NAV of Axis Retirement Savings Fund - Dynamic Plan Direct Growth?
The NAV of Axis Retirement Savings Fund - Dynamic Plan Direct Growth, as of 04-Oct-2024, is ₹21.77.
What are the returns of Axis Retirement Savings Fund - Dynamic Plan Direct Growth?
The fund has generated 42.66% over the last 1 year and 14.04% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Axis Retirement Savings Fund - Dynamic Plan Direct Growth?
The fund's allocation of assets is distributed as 88.91% in equities, 8.91% in bonds, and 2.18% in cash and cash equivalents.
Who manages the Axis Retirement Savings Fund - Dynamic Plan Direct Growth?
The fund managers responsible for Axis Retirement Savings Fund - Dynamic Plan Direct Growth are:-
- Devang Shah
- Nitin Arora
- Hardik Shah
- Jayesh Sundar
- Krishnaa N
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.