Aditya Birla Sun Life Msci India ETF vs Axis Retirement Fund - Dynamic Plan
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Msci India ETF is an ETF fund and Axis Retirement Fund - Dynamic Plan is a Solution fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Axis Retirement Fund - Dynamic Plan 1.34%. Their portfolios overlap 49.5%: they hold 56 of the same securities.
Aditya Birla Sun Life Msci India ETF
ETF
- Expense ratio
- 0.22%
- NAV
- ₹27.93
Axis Retirement Fund - Dynamic Plan
Solution
- Expense ratio
- 1.34%
- NAV
- ₹20.94
Which is better, Aditya Birla Sun Life Msci India ETF or Axis Retirement Fund - Dynamic Plan? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Msci India ETF costs less: 0.22% a year against 1.34%.
- Axis Retirement Fund - Dynamic Plan fell less in its worst fall since 20-02-2026: −11.1% against −12.5%.
- Aditya Birla Sun Life Msci India ETF holds more in large companies: 80.6% of the fund in large caps against 51.7%.
- Axis Retirement Fund - Dynamic Plan is the larger fund: ₹269 Cr against ₹11 Cr.
- Their portfolios overlap 49.5%: 56 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Msci India ETF | Axis Retirement Fund - Dynamic Plan |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Axis Mutual Fund |
| Category | ETF | Solution |
| AUM | ₹11 Cr (30-09-2026) | ₹269 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹20.94 (Direct) |
| Expense ratio (Direct) | Not available | 1.34% |
| Expense ratio (Regular) | Not available | 2.56% |
| Riskometer | Very High | Very High |
| Benchmark | MSCI India Index | CRISIL Hybrid 35+65 - Aggressive Index |
| Launch date | 17-02-2026 | 20-12-2019 |
| Minimum investment | For Subscription / Redemption of units directly with Mutual Fund: Subscription / Redemption facility directly with the Mutual Fund would be restricted to Market Makers and Large Investors. Units of the Scheme may be subscribed to / redeemed only in Creati | ₹5,000 |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | Priya Sridhar, Mehul Dama | Jayesh Sundar, Devang Shah, Hardik Shah, Krishnaa N |
| Exit load | NIL | Nil |
Aditya Birla Sun Life Msci India ETF vs Axis Retirement Fund - Dynamic Plan: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Msci India ETF | +0.29% | −5.96% | −3.50% | -- | -- | -- | -- |
| Axis Retirement Fund - Dynamic Plan (Direct) | −0.19% | −3.46% | +0.53% | −5.38% | +11.61% | +7.14% | -- |
Aditya Birla Sun Life Msci India ETF vs Axis Retirement Fund - Dynamic Plan: Year-wise Returns
| Year | Aditya Birla Sun Life Msci India ETFAditya Birla Sun Life Msci India ETF | Axis Retirement Fund - Dynamic PlanAxis Retirement Fund - Dynamic Plan |
|---|---|---|
| 2026to date | -- | −4.38% |
| 2025 | -- | +2.77% |
| 2024 | -- | +25.87% |
| 2023 | -- | +22.15% |
| 2022 | -- | −4.81% |
| 2021 | -- | +21.33% |
Aditya Birla Sun Life Msci India ETF vs Axis Retirement Fund - Dynamic Plan: Rolling Returns
Every holding period of both funds
Aditya Birla Sun Life Msci India ETF vs Axis Retirement Fund - Dynamic Plan: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Msci India ETF | Axis Retirement Fund - Dynamic Plan (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +11.39% |
| Standard deviation | 15.37% | 11.35% |
| Sharpe ratio | -1.03 | 0.55 |
| Sortino ratio | -1.35 | 0.75 |
| Maximum drawdown | −12.5% (31-03-2026) | −17.1% (17-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 20-02-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Msci India ETF
Axis Retirement Fund - Dynamic Plan (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Msci India ETF | −12.5% | 23-02-2026 | 31-03-2026 | 03-08-2026 | 4 months | −7.9% |
| Axis Retirement Fund - Dynamic Plan (Direct) | −11.1% | 23-02-2026 | 30-03-2026 | 06-07-2026 | 3 months | −5.6% |
From daily values since 20-02-2026, the first day every fund has.
Aditya Birla Sun Life Msci India ETF vs Axis Retirement Fund - Dynamic Plan: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; Axis Retirement Fund - Dynamic Plan, September 2026
Holdings in common
- Overlap
- 49.5%
- Held by both
- 56
- Only in Aditya Birla Sun Life Msci India ETF
- 109
- Only in Axis Retirement Fund - Dynamic Plan
- 39
| Security | % of Aditya Birla Sun Life Msci India ETF | % of Axis Retirement Fund - Dynamic Plan |
|---|---|---|
| ICICI Bank Ltd. | 5.59% | 5.39% |
| Reliance Industries Ltd. | 5.44% | 5.15% |
| HDFC Bank Ltd. | 6.44% | 5.05% |
| Bharti Airtel Ltd. | 3.93% | 2.86% |
| Mahindra & Mahindra Ltd. | 2.05% | 2.14% |
| Larsen & Toubro Ltd. | 2.02% | 2.02% |
| Kotak Mahindra Bank Ltd. | 1.82% | 2.26% |
| Infosys Ltd. | 2.41% | 1.81% |
| Bajaj Finance Ltd. | 1.91% | 1.70% |
| State Bank of India | 1.41% | 2.12% |
| Axis Bank Ltd. | 2.25% | 1.27% |
| Eternal Ltd. | 1.22% | 1.42% |
| NTPC Ltd. | 1.12% | 1.22% |
| Divi's Laboratories Ltd. | 0.88% | 1.34% |
| Shriram Finance Ltd. | 1.11% | 0.84% |
| Sun Pharmaceutical Industries Ltd. | 1.30% | 0.81% |
| Interglobe Aviation Ltd. | 0.75% | 0.85% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 1.23% |
| Hindustan Aeronautics Ltd. | 0.62% | 1.00% |
| Titan Company Ltd. | 1.30% | 0.57% |
| Samvardhana Motherson International Ltd. | 0.55% | 0.76% |
| Cipla Ltd. | 0.54% | 0.56% |
| The Indian Hotels Company Ltd. | 0.48% | 0.75% |
| Tata Consultancy Services Ltd. | 1.33% | 0.47% |
| SBI Life Insurance Co. Ltd. | 0.61% | 0.45% |
| Varun Beverages Ltd. | 0.44% | 0.72% |
| Tata Power Company Ltd. | 0.43% | 0.67% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.55% | 0.43% |
| CG Power and Industrial Solutions Ltd. | 0.43% | 0.71% |
| Britannia Industries Ltd. | 0.42% | 0.70% |
| HDFC Life Insurance Company Ltd. | 0.41% | 0.79% |
| Tech Mahindra Ltd. | 0.66% | 0.40% |
| Dixon Technologies (India) Ltd. | 0.39% | 0.82% |
| Indus Towers Ltd. | 0.37% | 0.44% |
| Hindustan Unilever Ltd. | 1.06% | 0.35% |
| ITC Ltd. | 0.63% | 0.34% |
| Info Edge (India) Ltd. | 0.33% | 0.40% |
| Pidilite Industries Ltd. | 0.33% | 1.22% |
| United Spirits Ltd. | 0.31% | 0.84% |
| Bharat Electronics Ltd. | 1.07% | 0.31% |
| Fortis Healthcare Ltd. | 0.30% | 0.84% |
| Tata Motors Ltd. | 0.62% | 0.29% |
| The Phoenix Mills Ltd. | 0.29% | 1.04% |
| REC Ltd. | 0.28% | 0.34% |
| Tata Steel Ltd. | 1.10% | 0.25% |
| Hindalco Industries Ltd. | 0.97% | 0.24% |
| GE Vernova T&D India Ltd. | 0.43% | 0.24% |
| Sundaram Finance Ltd. | 0.22% | 0.46% |
| Mankind Pharma Ltd. | 0.21% | 0.73% |
| Mphasis Ltd. | 0.20% | 0.51% |
| Maruti Suzuki India Ltd. | 1.13% | 0.18% |
| Zydus Lifesciences Ltd. | 0.17% | 0.31% |
| HCL Technologies Ltd. | 0.86% | 0.15% |
| Voltas Ltd. | 0.17% | 0.13% |
| ICICI Prudential Life Insurance Company Ltd. | 0.13% | 0.24% |
| Avenue Supermarts Ltd. | 0.44% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.5% means 49.5% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Msci India ETF
| Security | % of fund |
|---|---|
| Ultratech Cement Ltd. | 0.90% |
| Power Grid Corporation of India Ltd. | 0.87% |
| Adani Ports and Special Economic Zone Ltd. | 0.83% |
| Eicher Motors Ltd. | 0.78% |
| TVS Motor Company Ltd. | 0.78% |
Largest holdings only in Axis Retirement Fund - Dynamic Plan
| Security | % of fund |
|---|---|
| 7.3% Government of India (19/06/2053) | 5.36% |
| 7.25% Government of India (12/06/2063) | 2.80% |
| 7.18% Government of India (24/07/2037) | 1.85% |
| Vijaya Diagnostic Centre Limited | 1.79% |
| Apar Industries Limited | 1.79% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Msci India ETF | Axis Retirement Fund - Dynamic Plan |
|---|---|---|
| Equity | 99.8% | 78.8% |
| Debt | 0.0% | 10.9% |
| Cash and others | 0.2% | 10.3% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | Axis Retirement Fund - Dynamic Plan |
|---|---|---|
| Large Cap | 80.6% | 51.7% |
| Mid Cap | 19.2% | 13.8% |
| Small Cap | 0.0% | 13.2% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Msci India ETF | Axis Retirement Fund - Dynamic Plan |
|---|---|---|
| Banks | 20.3% | 16.5% |
| IT - Software | 6.6% | 3.4% |
| Petroleum Products | 6.4% | 5.2% |
| Finance | 6.3% | 5.0% |
| Automobiles | 6.2% | 3.1% |
| Pharmaceuticals & Biotechnology | 5.6% | 5.3% |
| Auto Components | 1.4% | 4.8% |
| Healthcare Services | 1.5% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Msci India ETF vs Axis Retirement Fund - Dynamic Plan: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | Axis Retirement Fund - Dynamic Plan |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.34% |
| Base expense ratio (Direct) | 0.00% | 1.07% |
| Total expense ratio (Regular) | Not available | 2.56% |
| Base expense ratio (Regular) | 0.16% | 2.10% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
Aditya Birla Sun Life Msci India ETF vs Axis Retirement Fund - Dynamic Plan: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and Axis Retirement Fund - Dynamic Plan?
Aditya Birla Sun Life Msci India ETF is an ETF fund, Axis Retirement Fund - Dynamic Plan is a Solution fund, run by Aditya Birla Sun Life Mutual Fund and Axis Mutual Fund. Their portfolios overlap 49.5%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Axis Retirement Fund - Dynamic Plan 1.34%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or Axis Retirement Fund - Dynamic Plan?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 1.34%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and Axis Retirement Fund - Dynamic Plan overlap?
49.5%. They hold 56 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Msci India ETF or Axis Retirement Fund - Dynamic Plan?
On SEBI's riskometer, Aditya Birla Sun Life Msci India ETF is rated Very High and Axis Retirement Fund - Dynamic Plan Very High. Over their common history, the standard deviation of daily returns was 15.37% and 11.35% a year.
Can I invest in both Aditya Birla Sun Life Msci India ETF and Axis Retirement Fund - Dynamic Plan?
Yes. 49.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Aditya Birla Sun Life Msci India ETF and Axis Retirement Fund - Dynamic Plan?
Aditya Birla Sun Life Msci India ETF: Priya Sridhar, Mehul Dama. Axis Retirement Fund - Dynamic Plan: Jayesh Sundar, Devang Shah, Hardik Shah, Krishnaa N.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.