Axis Retirement Fund Conservative Direct Growth
Hybrid
Direct
Retirement
NAV as on 02-01-2025
₹ 16.98
▲0.2%
1D
Inception Returns
10.9%
/yr
About Axis Retirement Fund Conservative Direct Growth
Axis Retirement Fund Conservative Direct Growth is a hybrid fund. This fund was started on 20 December, 2019. The fund is managed by Hardik Shah, Devang Shah. This fund gives you the benefit of diversification.
Key Parameters
- Axis Retirement Fund Conservative Direct Growth has ₹75 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Axis Retirement Fund Conservative Direct Growth has given a CAGR return of 10.91% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 13.09%, 8.40% and 10.95% respectively.
Holdings
Axis Retirement Fund Conservative Direct Growth has allocated its funds majorly in Government, Financial Services, Health, Tech, Consumer Cyclical, Corporate, Consumer Defensive, Energy, Cash Equivalent, Utilities, Communication, Industrial, Basic Materials.
Taxation
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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Axis Retirement Fund Conservative Direct Growth
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 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. The Investment Plan may also invest in units of Gold ETF or units of REITs & InvITs for income generation / wealth creation.
Minimum Investment and lockin period
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 Conservative Direct Growth of 5 Years
Historical NAV & Returns
Axis Retirement Fund Conservative Direct Growth Overview
| Expense ratio | 0.72% |
Benchmark | CRISIL Hybrid 75+25 - ConservativeTR INR |
| AUM | ₹75 Cr |
| Inception Date | 20 December, 2019 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | 5 Years |
TurnOver | 54.81% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   High Risk |
Trailing Returns
as on (02-Jan-25)
Fund Distribution
as on (30-Nov-24)
- AUM of the fund stands at 73.6 Cr as of Nov'24
- AUM decreased by 2.4 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Government, Financial Services & Health
Mutual Fund Insights
Axis Retirement Fund Conservative Direct Growth Highlights
High Risk
About the fund
Fund Allocations
AUM size ₹75 Cr
Expense Ratio 0.72%
Frequently Asked Questions for Axis Retirement Fund Conservative Direct Growth
Axis Retirement Fund Conservative Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.03% | 0.03% |
6 Month Returns | 3.41% | 3.41% |
1 Year Returns | 13.09% | 13.09% |
3 Years Returns | 27.38% | 8.4% |
5 Years Returns | 68.1% | 10.95% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |