Hybrid
Direct
Retirement
NAV as on 06-09-2024
₹ 21.46
1D
Inception Returns
17.6%
/yr
Axis Retirement Savings 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.
Axis Retirement Savings Fund Dynamic Direct Growth has given a CAGR return of 17.58% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 40.63% and 14.46% respectively.
Axis Retirement Savings Fund Dynamic Direct Growth has allocated its funds majorly in Government, Financial Services, Cash Equivalent, Industrial, Consumer Cyclical, Tech, Health, Energy, Consumer Defensive, Utilities, Basic Materials, Communication, 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 benefitGains 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. 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 for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. There is a lock in period for Axis Retirement Savings Fund Dynamic Direct Growth of 5 Years
Expense ratio | 1.04% |
Benchmark | CRISIL Hybrid 35+65 - Agg TR INR |
AUM | ₹384 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 |
as on (06-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Government, Financial Services & Industrial
Axis Retirement Savings Fund Dynamic Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.4% | 5.4% |
6 Month Returns | 19.82% | 19.82% |
1 Year Returns | 40.63% | 40.63% |
3 Years Returns | 49.96% | 14.46% |
5 Years Returns | 0% | 0% |
AAA | 100 |