Fundalysisby DARKHORSESTOCKS

Scheme

Axis Retirement Fund Conservative Plan

Holds 32 companies worth ₹16.6 Cr in Sept 2026.

  • Fund house

    AxisThe fund house that runs this scheme.

  • AUM

    ₹44.8 CrAxis Retirement Fund Conservative Plan's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.4% on Aug 2026, ₹46.9 Cr.

  • Largest holding

    Reliance IndustriesReliance Industries is 4.5% of this scheme's NAV.

  • Fund manager

    Jayesh SundarRuns its co-manager part since 24 Jan 2024, as the fund house dates it. With Devang Shah (co-manager), Hardik Shah (co-manager), Krishnaa N (overseas).

Overview(25 Sept 2026)

Fund managers4

  1. Jayesh SundarCo-manager, equity · Jan 2024 · 21y · CA
  2. Devang ShahCo-manager, debt · Apr 2024
  3. Hardik ShahCo-manager, debt · Apr 2024 · 14y · MBA B.E.
  4. Krishnaa NOverseas · Mar 2024
  1. Nitin AroraMay 2023 – Dec 2024

Key facts

Benchmark
CRISIL Hybrid 75+25 - Conservative Index
Risk
High
Expense
Regular 2.16% · Direct 1.27%
Exit load
Nil
Started
20 Dec 2019
Minimum
₹5,000

Source.Its Scheme Summary Document as of 25 Sept 2026 at AMFI.

What changed(18 changes)

Sept 2026

1 change
  1. Expense ratio
    10 SeptRegular 2.15% → 2.16%Direct 1.25% → 1.27%

May 2026

1 change
  1. Expense ratio
    17 MayDirect 1.24% → 1.25%

Dec 2025

1 change
  1. Expense ratio
    17 DecDirect 1.22% → 1.24%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(May 2023 – now)

  1. Jayesh Sundar
  2. Devang Shah
  3. Hardik Shah
  4. Krishnaa N
  5. Nitin Arora
MainCoSlice202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Sept 2026)

Every change to the expense ratio, newest first.
17 changesRegularDirectΔ pt
10 Sept 20262.16%1.27%0.02
17 May 20262.15%1.25%0.01
17 Dec 20252.15%1.24%0.02
24 Nov 20252.15%1.22%0.06
13 Nov 20252.15%1.16%0.06
26 Sept 20252.15%1.10%0.18
23 Jun 20252.16%0.92%0.01
4 Jun 20252.15%0.91%0.02
9 Apr 20252.17%0.93%0
25 Mar 20252.16%0.93%0.01
6 Mar 20252.17%0.94%0.05
25 Feb 20252.17%0.89%0.06
29 Jan 20252.16%0.83%0.06
16 Jan 20252.15%0.77%0.01
30 Dec 20242.14%0.76%0.04
30 Aug 20242.13%0.72%0.04
21 Aug 20242.12%0.68%–
Direct plan, 10 Sept 2026
1.27%
Regular plan 2.16% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(25 Sept 2026)

Objective

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.

Risk, type and benchmark

Riskometer
High
At launch
High
Type
Open Ended
Benchmark
CRISIL Hybrid 75+25 - Conservative Index

Asset allocation it may hold% of NAV

  1. Equity and Equity related instruments
    Allowed20–40%Holds35.3%
  2. Debt & Money Market Instruments
    Allowed40–80%Holds62.8%
  3. Gold ETF
    Allowed0–10%
  4. Units issued by InvITs
    Allowed0–10%Holds1.9%

Holds in Sept 2026.35.3% equity · 62.8% debt and cash · 1.9% REITs and InvITs

How to invest(25 Sept 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Systematic
SIP - Daily / Weekly / Monthly / Yearly SWP - Weekly / Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
Dates
SIP - Except 29,30 and 31 all dates, SWP - Any Business Day, STP - Daily, Weekly all days, Fortnightly - alternate Wednesday, Monthly and Quarterly 1,7,10,15 and 25
Minimum
SIP Daily, Weekly - 100, Monthly 1000.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00, then in multiples of ₹1
Instalments
SIP Daily -6, Weekly - 6, Monthly - 6 SIP - Yearly - 3 SWP - Weekly - 5, Monthly - 6, Quarterly - 4, Halfyearly - 4, Yearly - 2 STP - Daily -6, Weekly - 6, Fortnightly -6, Monthly - 6, Quarterly -2.

Selling and switching

Scheme details(25 Sept 2026)

What it is

Category
Solution Oriented - Retirement Fund
Offer
29 Nov 2019 to 13 Dec 2019
Started
20 Dec 2019
Reopened
27 Dec 2019
Plans
Direct IDCW Direct Growth Regular IDCW Regular Growth
Face value
₹10
Listed
Unlisted

How it is run

Swing pricing
No
Side-pocketing
Yes
Custodian
DEUTSCHE BANK AG
Auditor
B S R & Co. LLP
Registrar
Kfintech Ltd
SEBI code
AXIS/O/S/RET/19/07/0038