Axis Retirement Savings Fund Aggressive Direct Growth

Hybrid
Direct
Retirement
Axis Retirement Savings Fund Aggressive Direct Growth

About the Fund

Axis Retirement Savings 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.

Key Parameters

  1. Axis Retirement Savings Fund Aggressive Direct Growth has ₹845 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 0.9.

Returns

Axis Retirement Savings Fund Aggressive Direct Growth has given a CAGR return of 14.84% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 31.82% and 12.83% respectively.

Holdings

Axis Retirement Savings Fund Aggressive Direct Growth has allocated its funds majorly in Government, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Cash Equivalent, Health, Energy, Utilities, Consumer Defensive, 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 benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Axis Retirement Savings Fund Aggressive 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 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 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 Savings Fund Aggressive Direct Growth of 5 Years

Fund Performance
zero opening, trading, fund transfer fee
126 people have invested ₹ 25.5L in Axis Retirement Savings Fund Aggressive Direct Growth in the last three months

Fund Overview

Expense ratio
Expense ratio
0.94%
Benchmark
Benchmark
CRISIL Hybrid 25+75-Aggressive TR INR
AUM
AUM
₹845 Cr
Inception Date
Inception Date
20 December, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
5 Years
TurnOver
TurnOver
10.02%

Fund Distribution
as on (31-May-24)

  • Equity 79%

  • Debt & Cash 21%

Large cap
47.4%

Mid cap
19.8%

Small cap
11.7%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
23.3%
Industrial
12.9%
Consumer Cyclical
11.2%
Tech
11.2%
Basic Materials
10.1%
Health
7.7%
Energy
7.5%
Utilities
5.6%
Consumer Defensive
3.9%
Communication
3.5%
Real Estate
3.1%
All changes are between Oct'69 and Dec'69

R Sivakumar
R Sivakumar
Fund Manager of Axis Retirement Savings Fund Aggressive Direct Growth, since 20 December 2019

Axis Retirement Savings Fund Aggressive Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 14.84% since inception which is more than its category average return of 12.07%
Fund Allocations

Fund Allocations

This fund has an allocation of 78.98% in Equity, 19.34% in Debt and 1.68% in Cash related instruments
AUM size ₹845 Cr

AUM size ₹845 Cr

This fund has AUM of ₹845 Cr which is more than its category average of ₹ 725 Cr
Expense Ratio 0.94%

Expense Ratio 0.94%

This fund has an expense ratio of 0.94% which is less than its category average expense ratio of 1.52%

Frequently Asked Questions

The current NAV of Axis Retirement Savings Fund Aggressive Direct Growth is ₹18.6 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Axis Retirement Savings Fund Aggressive Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.71%
6.71%
6 Month Returns
17.87%
17.87%
1 Year Returns
31.82%
31.82%
3 Years Returns
43.63%
12.83%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.94% as on May 2024
₹845 Cr as on May 2024
7.18% Govt Stock 2037(11.7%), Reliance Industries Ltd(4.88%), ICICI Bank Ltd(3.58%), HDFC Bank Ltd(3.43%), Torrent Power Ltd(2.64%) as on May 2024
Government(19.34%), Financial Services(18.42%), Industrial(10.19%) as on May 2024
AAA
100
R Sivakumar is the fund manager of Axis Retirement Savings Fund Aggressive Direct Growth
The Exit load of Axis Retirement Savings Fund Aggressive Direct Growth is 0%