Axis Balanced Advantage Fund vs Axis Retirement Fund - Conservative Plan
Direct Plan, Growth option · Data as on 30-10-2026
Axis Balanced Advantage Fund is a Balanced Advantage fund and Axis Retirement Fund - Conservative Plan is a Solution fund. In the 3 years to 30-10-2026, Axis Balanced Advantage Fund (Direct) returned 11.5% a year and Axis Retirement Fund - Conservative Plan (Direct) returned 7.2% a year. Axis Balanced Advantage Fund charges 1.00% a year and Axis Retirement Fund - Conservative Plan 1.27% (Direct plans). Their portfolios overlap 28.2%: they hold 31 of the same securities.
Axis Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 11.5%
- Expense ratio
- 1.00%
- NAV
- ₹23.69
Axis Retirement Fund - Conservative Plan
Solution
- 3 year return
- 7.2%
- Expense ratio
- 1.27%
- NAV
- ₹17.19
Which is better, Axis Balanced Advantage or Axis Retirement Fund - Conservative Plan? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Balanced Advantage returned more over 5 years: 9.1% a year against 5.8%.
- Axis Balanced Advantage returned more over 3 years: 11.5% a year against 7.2%.
- Axis Balanced Advantage costs less: 1.00% a year against 1.27% (Direct plans).
- Axis Retirement Fund - Conservative Plan swung less over 3 years: a standard deviation of 5.5% a year against 8.0%.
- Axis Retirement Fund - Conservative Plan fell less in its worst fall since 27-12-2019: −12.7% against −17.2%.
- Axis Balanced Advantage holds more in large companies: 58.2% of the fund in large caps against 31.9%.
- Axis Balanced Advantage is the larger fund: ₹3,651 Cr against ₹45 Cr.
- Their portfolios overlap 28.2%: 31 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 | Axis Balanced Advantage Fund | Axis Retirement Fund - Conservative Plan |
|---|---|---|
| Fund house | Axis Mutual Fund | Axis Mutual Fund |
| Category | Balanced Advantage | Solution |
| AUM | ₹3,651 Cr (30-09-2026) | ₹45 Cr (30-09-2026) |
| NAV | ₹23.69 (Direct) | ₹17.19 (Direct) |
| Expense ratio (Direct) | 1.00% | 1.27% |
| Expense ratio (Regular) | 2.18% | 2.16% |
| Riskometer | Very High | High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | CRISIL Hybrid 75+25 - Conservative Index |
| Launch date | 01-08-2017 | 20-12-2019 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | Jayesh Sundar, Devang Shah, Hardik Shah | Jayesh Sundar, Devang Shah, Hardik Shah, Krishnaa N |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. | Nil |
Axis Balanced Advantage vs Axis Retirement Fund - Conservative 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 |
|---|---|---|---|---|---|---|---|
| Axis Balanced Advantage Fund (Direct) | +0.59% | −2.63% | +0.25% | −1.41% | +11.50% | +9.11% | -- |
| Axis Retirement Fund - Conservative Plan (Direct) | +0.35% | −3.13% | −0.50% | −2.72% | +7.19% | +5.76% | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
Axis Balanced Advantage vs Axis Retirement Fund - Conservative Plan: Year-wise Returns
| Year | Balanced AdvantageAxis Balanced Advantage | Retirement Fund - Conservative PlanAxis Retirement Fund - Conservative Plan |
|---|---|---|
| 2026to date | −2.35% | −3.86% |
| 2025 | +8.16% | +6.33% |
| 2024 | +18.99% | +13.10% |
| 2023 | +21.46% | +15.50% |
| 2022 | +0.91% | −2.64% |
| 2021 | +17.23% | +14.00% |
Axis Balanced Advantage vs Axis Retirement Fund - Conservative Plan: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 953 of them, one for each trading day from 27-12-2022 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Balanced Advantage Fund (Direct)
Axis Retirement Fund - Conservative Plan (Direct)
to
Apr 2023Dec 2020
to
Dec 2023Aug 2021
to
Aug 2024Apr 2022
to
Apr 2025Nov 2022
to
Nov 2025Jul 2023
to
Jul 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Balanced Advantage | 0.0 | 0.0 | 5.4 | 70.5 | 24.1 | 0.0 | 0.0 | 13.7% | 13.7% | 8.2% | 17.9% |
| Axis Retirement Fund - Conservative Plan | 0.0 | 0.0 | 64.7 | 35.3 | 0.0 | 0.0 | 0.0 | 9.6% | 9.6% | 6.5% | 12.3% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 27-12-2019. Past returns do not promise future returns.
Axis Balanced Advantage vs Axis Retirement Fund - Conservative Plan: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-12-2019 to 30-10-2026: 83 instalments, ₹8,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Balanced AdvantageAxis Balanced Advantage Fund (Direct) | ₹8,30,000 | ₹11,88,006 | ₹3,58,006 | 10.2% |
| Axis Retirement Fund - Conservative PlanAxis Retirement Fund - Conservative Plan (Direct) | ₹8,30,000 | ₹10,45,384 | ₹2,15,384 | 6.6% |
Axis Balanced AdvantageAxis Balanced Advantage Fund (Direct)
Axis Retirement Fund - Conservative PlanAxis Retirement Fund - Conservative Plan (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Balanced Advantage vs Axis Retirement Fund - Conservative Plan: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Balanced Advantage Fund (Direct) | Axis Retirement Fund - Conservative Plan (Direct) |
|---|---|---|
| Return (CAGR) | −1.41% | −2.72% |
| Standard deviation | 8.19% | 6.06% |
| Sharpe ratio | -0.81 | -1.32 |
| Sortino ratio | -1.10 | -1.73 |
| Maximum drawdown | −7.8% (30-03-2026) | −6.2% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 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.
| Measure | Axis Balanced Advantage Fund (Direct) | Axis Retirement Fund - Conservative Plan (Direct) |
|---|---|---|
| Return (CAGR) | +11.50% | +7.19% |
| Standard deviation | 8.03% | 5.53% |
| Sharpe ratio | 0.68 | 0.21 |
| Sortino ratio | 0.95 | 0.29 |
| Maximum drawdown | −7.8% (30-03-2026) | −7.0% (04-03-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 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.
| Measure | Axis Balanced Advantage Fund (Direct) | Axis Retirement Fund - Conservative Plan (Direct) |
|---|---|---|
| Return (CAGR) | +9.11% | +5.76% |
| Standard deviation | 7.79% | 5.54% |
| Sharpe ratio | 0.42 | -0.01 |
| Sortino ratio | 0.58 | -0.01 |
| Maximum drawdown | −9.6% (17-06-2022) | −8.5% (17-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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.
| Measure | Axis Balanced Advantage Fund (Direct) | Axis Retirement Fund - Conservative Plan (Direct) |
|---|---|---|
| Return (CAGR) | +9.71% | +8.22% |
| Standard deviation | 8.12% | 6.30% |
| Sharpe ratio | 0.54 | 0.49 |
| Sortino ratio | 0.73 | 0.66 |
| Maximum drawdown | −17.2% (23-03-2020) | −12.7% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 07-08-2017 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.
Axis Balanced Advantage Fund (Direct)
Axis Retirement Fund - Conservative Plan (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Balanced Advantage Fund (Direct) | −17.2% | 13-02-2020 | 23-03-2020 | 09-10-2020 | 7 months | −3.9% |
| Axis Retirement Fund - Conservative Plan (Direct) | −12.7% | 17-02-2020 | 23-03-2020 | 07-07-2020 | 3 months | −4.1% |
From daily values since 27-12-2019, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Balanced Advantage Fund (Direct)
Axis Retirement Fund - Conservative Plan (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Balanced Advantage Fund (Direct)
Axis Retirement Fund - Conservative Plan (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Balanced Advantage Fund (Direct)
Axis Retirement Fund - Conservative Plan (Direct)
Axis Balanced Advantage vs Axis Retirement Fund - Conservative Plan: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Balanced Advantage Fund, September 2026; Axis Retirement Fund - Conservative Plan, September 2026
Holdings in common
- Overlap
- 28.2%
- Held by both
- 31
- Only in Axis Balanced Advantage
- 120
- Only in Axis Retirement Fund - Conservative Plan
- 4
| Security | % of Axis Balanced Advantage | % of Axis Retirement Fund - Conservative Plan |
|---|---|---|
| Reliance Industries Limited | 4.43% | 4.49% |
| Bharti Airtel Limited | 2.38% | 2.29% |
| State Bank of India | 3.26% | 2.13% |
| Infosys Limited | 2.20% | 2.13% |
| HDFC Bank Limited | 5.65% | 1.95% |
| Apollo Hospitals Enterprise Limited | 1.83% | 2.62% |
| ICICI Bank Limited | 5.81% | 1.82% |
| Kotak Mahindra Bank Limited | 2.39% | 1.25% |
| Mahindra & Mahindra Limited | 2.01% | 1.17% |
| Larsen & Toubro Limited | 2.20% | 1.13% |
| NTPC Limited | 1.56% | 1.06% |
| Indus Infra Trust | 0.89% | 1.92% |
| Sun Pharmaceutical Industries Limited | 1.19% | 0.88% |
| ITC Limited | 0.70% | 1.33% |
| Britannia Industries Limited | 0.72% | 0.69% |
| Varun Beverages Limited | 0.63% | 0.94% |
| HDFC Life Insurance Company Limited | 0.60% | 0.49% |
| Mankind Pharma Limited | 0.38% | 0.69% |
| Info Edge (India) Limited | 0.33% | 0.49% |
| Tech Mahindra Limited | 0.33% | 0.65% |
| Torrent Pharmaceuticals Limited | 0.32% | 0.42% |
| Cipla Limited | 0.25% | 0.57% |
| Hindustan Unilever Limited | 0.62% | 0.20% |
| Bajaj Finance Limited | 1.17% | 0.19% |
| Tata Consultancy Services Limited | 0.19% | 0.36% |
| Global Health Limited | 0.17% | 0.15% |
| 7.1% Government of India (08/04/2034) | 0.14% | 8.93% |
| HCL Technologies Limited | 0.11% | 1.37% |
| ITC Hotels Limited | 0.40% | 0.08% |
| 7.34% Government of India (22/04/2064) | 0.02% | 15.53% |
| Hero MotoCorp Limited | 0.01% | 1.50% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.2% means 28.2% 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 Axis Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Cholamandalam Investment and Finance Company Ltd (27/02/2029) (FRN) | 1.78% |
| Axis Bank Limited | 1.53% |
| Eternal Limited | 1.51% |
| 7.61% Government of India (09/05/2030) | 1.40% |
| 7.97% Mankind Pharma Limited (16/11/2027) | 1.37% |
Largest holdings only in Axis Retirement Fund - Conservative Plan
| Security | % of fund |
|---|---|
| 7.18% Government of India (24/07/2037) | 34.56% |
| Life Insurance Corporation Of India | 1.74% |
| Cyient Dlm Ltd | 0.32% |
| Sundaram Finance Limited | 0.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Balanced Advantage | Axis Retirement Fund - Conservative Plan |
|---|---|---|
| Equity | 72.9% | 35.3% |
| Debt | 22.8% | 59.0% |
| Cash and others | 4.3% | 5.7% |
Market cap of stocks
| Market cap | Axis Balanced Advantage | Axis Retirement Fund - Conservative Plan |
|---|---|---|
| Large Cap | 58.2% | 31.9% |
| Mid Cap | 9.1% | 2.9% |
| Small Cap | 5.3% | 0.5% |
| Not on AMFI's list | 0.3% | 0.0% |
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 | Axis Balanced Advantage | Axis Retirement Fund - Conservative Plan |
|---|---|---|
| Banks | 19.3% | 7.2% |
| Petroleum Products | 4.8% | 4.5% |
| IT - Software | 3.6% | 4.5% |
| Finance | 4.3% | 0.4% |
| Automobiles | 4.2% | 2.7% |
| Pharmaceuticals & Biotechnology | 3.1% | 2.6% |
| Healthcare Services | 2.7% | 2.8% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Balanced Advantage vs Axis Retirement Fund - Conservative Plan: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Balanced Advantage Fund | Axis Retirement Fund - Conservative Plan |
|---|---|---|
| Total expense ratio (Direct) | 1.00% | 1.27% |
| Base expense ratio (Direct) | 0.66% | 1.07% |
| Total expense ratio (Regular) | 2.18% | 2.16% |
| Base expense ratio (Regular) | 1.64% | 1.83% |
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.
More comparisons
Each fund against the others of its category
Axis Balanced Advantage Fund vs Axis Retirement Fund - Conservative Plan: Frequently Asked Questions
What is the difference between Axis Balanced Advantage Fund and Axis Retirement Fund - Conservative Plan?
Axis Balanced Advantage Fund is a Balanced Advantage fund, Axis Retirement Fund - Conservative Plan is a Solution fund, run by Axis Mutual Fund. Their portfolios overlap 28.2%. Axis Balanced Advantage Fund charges 1.00% a year and Axis Retirement Fund - Conservative Plan 1.27%.
Which has given higher returns, Axis Balanced Advantage Fund or Axis Retirement Fund - Conservative Plan?
Over 1 year: Axis Balanced Advantage Fund −1.41%, Axis Retirement Fund - Conservative Plan −2.72%. Over 3 years: Axis Balanced Advantage Fund +11.50% a year, Axis Retirement Fund - Conservative Plan +7.19% a year. Over 5 years: Axis Balanced Advantage Fund +9.11% a year, Axis Retirement Fund - Conservative Plan +5.76% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Balanced Advantage Fund or Axis Retirement Fund - Conservative Plan?
Axis Balanced Advantage Fund charges less: 1.00% a year against 1.27%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Balanced Advantage Fund and Axis Retirement Fund - Conservative Plan overlap?
28.2%. They hold 31 of the same securities, the largest shared ones being RELIANCE, BHARTIARTL, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Axis Balanced Advantage Fund or Axis Retirement Fund - Conservative Plan?
On SEBI's riskometer, Axis Balanced Advantage Fund is rated Very High and Axis Retirement Fund - Conservative Plan High. Over 3 years, the standard deviation of daily returns was 8.03% and 5.53% a year.
Which is better for SIP, Axis Balanced Advantage Fund or Axis Retirement Fund - Conservative Plan?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,67,696 in Axis Balanced Advantage Fund (XIRR 9.0% a year) and ₹6,99,301 in Axis Retirement Fund - Conservative Plan (XIRR 5.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Balanced Advantage Fund and Axis Retirement Fund - Conservative Plan?
Yes. 28.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Balanced Advantage Fund and Axis Retirement Fund - Conservative Plan?
Axis Balanced Advantage Fund: Jayesh Sundar, Devang Shah, Hardik Shah. Axis Retirement Fund - Conservative 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.