Axis Retirement Fund Dynamic Direct Growth
Hybrid
Direct
Retirement
NAV as on 29-10-2024
₹ 21.17
▲0.2%
1D
Inception Returns
16.5%
/yr
About Axis Retirement Fund Dynamic Direct Growth
Axis Retirement Fund Dynamic 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.
Key Parameters
- Axis Retirement Fund Dynamic Direct Growth has ₹405 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Axis Retirement Fund Dynamic Direct Growth has given a CAGR return of 16.54% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 39.55% and 12.20% respectively.
Holdings
Axis Retirement Fund Dynamic Direct Growth has allocated its funds majorly in Government, Financial Services, Cash Equivalent, Consumer Cyclical, Industrial, Health, Tech, Energy, Consumer Defensive, Utilities, Basic Materials, Communication, Real Estate.
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 Dynamic 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. The Investment Plan has a dual objective of generating capital appreciation by investing in equity and equity related securities as well as generating income by investing in debt and money market securities, while attempting to manage risk from the market through active asset allocation. 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 Dynamic Direct Growth of 5 Years
Historical NAV & Returns
Axis Retirement Fund Dynamic Direct Growth Overview
| Expense ratio | 0.72% |
Benchmark | CRISIL Hybrid 35+65 - Agg TR INR |
| AUM | ₹405 Cr |
| Inception Date | 20 December, 2019 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | 5 Years |
TurnOver | 70.56% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (29-Oct-24)
Fund Distribution
as on (30-Sep-24)
- AUM of the fund stands at 404.6 Cr as of Sep'24
- AUM increased by 10.9 Cr between Sep'24 and Aug'24
Top 3 Sectors in September were Government, Financial Services & Industrial
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 5.18% | 0% | |
 HDFC Bank Ltd | 4.34% | 15.7% | |
 Reliance Industries Ltd | 4.23% | 0% | |
 Infosys Ltd | 3.42% | 0% | |
 Torrent Power Ltd | 2.67% | -3.6% |
Axis Retirement Fund Dynamic Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹405 Cr
Expense Ratio 0.72%
Frequently Asked Questions for Axis Retirement Fund Dynamic Direct Growth
Axis Retirement Fund Dynamic Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.28% | -6.28% |
6 Month Returns | 13.19% | 13.19% |
1 Year Returns | 39.55% | 39.55% |
3 Years Returns | 41.24% | 12.2% |
5 Years Returns | 0% | 0% |
- 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.