Axis Retirement Fund Aggressive Direct Growth

Axis Retirement Fund Aggressive Direct Growth is a hybrid fund. This fund was started on 20 December, 2019. The fund is managed by R Sivakumar. This fund gives you the benefit of diversification.

1. Axis Retirement Fund Aggressive Direct Growth has ₹922 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
2. The fund has an expense ratio 0.9.
   

Axis Retirement Fund Aggressive Direct Growth has given a CAGR return of 14.62% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 29.95% and 12.16% respectively.

Axis Retirement Fund Aggressive Direct Growth has allocated its funds majorly in Government, Financial Services, Cash Equivalent, Consumer Cyclical, Tech, Health, Industrial, Basic Materials, Energy, Utilities, Communication, Consumer Defensive, Real Estate.

As it is a retirement mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The investment objective of the Investment Plan(s) under the Scheme is to provide long-term capital appreciation / income by investing in a mix of equity, debt and other instruments to help investors meet their retirement goals. However, there can be no assurance that the investment objective of the Scheme will be achieved. To generate capital appreciation by predominantly investing in equity and equity related instruments. The Investment Plan may also invest in debt and money market instruments, units of Gold ETF or units of REITs & InvITs for income generation / wealth creation.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. There is a lock in period for Axis Retirement Fund Aggressive Direct Growth of 5 Years