Axis Conservative Hybrid Fund vs Zerodha Life Cycle Fund 2036
Direct Plan, Growth option · Data as on 30-10-2026
Axis Conservative Hybrid Fund is a Conservative Hybrid fund and Zerodha Life Cycle Fund 2036 is a mutual fund. Axis Conservative Hybrid Fund charges 1.16% a year and Zerodha Life Cycle Fund 2036 1.02% (Direct plans). Their portfolios overlap 27.2%: they hold 31 of the same securities.
Axis Conservative Hybrid Fund
Conservative Hybrid
- Expense ratio
- 1.16%
- NAV
- ₹35.59
Which is better, Axis Conservative Hybrid or Zerodha Life Cycle Fund 2036? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Zerodha Life Cycle Fund 2036 costs less: 1.02% a year against 1.16% (Direct plans).
- Axis Conservative Hybrid fell less in its worst fall since 13-07-2026: −3.1% against −8.8%.
- Zerodha Life Cycle Fund 2036 holds more in large companies: 37.2% of the fund in large caps against 17.9%.
- Axis Conservative Hybrid is the larger fund: ₹217 Cr against ₹21 Cr.
- Their portfolios overlap 27.2%: 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 Conservative Hybrid Fund | Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Fund house | Axis Mutual Fund | Zerodha Mutual Fund |
| Category | Conservative Hybrid | Not available |
| AUM | ₹217 Cr (30-09-2026) | ₹21 Cr (30-09-2026) |
| NAV | ₹35.59 (Direct) | ₹9.41 (Direct) |
| Expense ratio (Direct) | 1.16% | 1.02% |
| Expense ratio (Regular) | 2.15% | Not available |
| Riskometer | Moderately High | Very High |
| Benchmark | Nifty 50 Hybrid Composite Debt 15:85 Conservative Index | 50% Nifty 200 TRI + 5% Domestic prices of Physical Gold + 5% Domestic prices of Physical Silver + 40% CRISIL 10 year Gil |
| Launch date | 16-07-2010 | 10-07-2026 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | Not available |
| Fund managers | Devang Shah, Sachin Jai, Jayesh Sundar | Kedarnath Mirajkar |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months. | Nil |
Axis Conservative Hybrid vs Zerodha Life Cycle Fund 2036: 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 Conservative Hybrid Fund (Direct) | −0.01% | −1.82% | +0.41% | −0.11% | +6.52% | +5.66% | +7.13% |
| Zerodha Life Cycle Fund 2036 (Direct) | −2.14% | −5.76% | -- | -- | -- | -- | -- |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
Category average: the average of the 18 Conservative Hybrid funds, same plan type.
Axis Conservative Hybrid vs Zerodha Life Cycle Fund 2036: Year-wise Returns
| Year | Axis Conservative HybridAxis Conservative Hybrid | Zerodha Life Cycle Fund 2036Zerodha Life Cycle Fund 2036 |
|---|---|---|
| 2026to date | −1.12% | -- |
| 2025 | +8.03% | -- |
| 2024 | +8.89% | -- |
| 2023 | +9.91% | -- |
| 2022 | +1.86% | -- |
| 2021 | +11.91% | -- |
Axis Conservative Hybrid vs Zerodha Life Cycle Fund 2036: Rolling Returns
Every holding period of both funds
Axis Conservative Hybrid vs Zerodha Life Cycle Fund 2036: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Conservative Hybrid Fund (Direct) | Zerodha Life Cycle Fund 2036 (Direct) |
|---|---|---|
| Return (CAGR) | +8.34% | −18.09% |
| Standard deviation | 4.26% | 8.88% |
| Sharpe ratio | 0.54 | -2.63 |
| Sortino ratio | 0.71 | -3.09 |
| Maximum drawdown | −9.4% (23-03-2020) | −8.8% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 07-01-2013 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 Conservative Hybrid Fund (Direct)
Zerodha Life Cycle Fund 2036 (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Conservative Hybrid Fund (Direct) | −3.1% | 10-08-2026 | 23-10-2026 | Not yet | -- | −2.4% |
| Zerodha Life Cycle Fund 2036 (Direct) | −8.8% | 25-08-2026 | 23-10-2026 | Not yet | -- | −7.6% |
From daily values since 13-07-2026, the first day every fund has.
Axis Conservative Hybrid vs Zerodha Life Cycle Fund 2036: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Conservative Hybrid Fund, September 2026; Zerodha Life Cycle Fund 2036, September 2026
Holdings in common
- Overlap
- 27.2%
- Held by both
- 31
- Only in Axis Conservative Hybrid
- 17
- Only in Zerodha Life Cycle Fund 2036
- 222
| Security | % of Axis Conservative Hybrid | % of Zerodha Life Cycle Fund 2036 |
|---|---|---|
| 6.94% Government of India (11/05/2036) | 13.59% | 21.67% |
| Reliance Industries Limited | 1.76% | 1.98% |
| ICICI Bank Limited | 1.59% | 2.36% |
| HDFC Bank Limited | 1.51% | 4.24% |
| Infosys Limited | 1.12% | 0.88% |
| State Bank of India | 0.84% | 0.98% |
| Bharti Airtel Limited | 0.84% | 1.32% |
| Kotak Mahindra Bank Limited | 0.90% | 0.76% |
| Larsen & Toubro Limited | 0.55% | 1.09% |
| Mahindra & Mahindra Limited | 0.54% | 0.65% |
| ITC Limited | 0.51% | 0.63% |
| Titan Company Limited | 0.47% | 0.47% |
| NTPC Limited | 0.91% | 0.39% |
| Axis Bank Limited | 0.33% | 2.36% |
| Divi's Laboratories Limited | 0.63% | 0.29% |
| Sun Pharmaceutical Industries Limited | 0.28% | 0.48% |
| Tech Mahindra Limited | 0.24% | 0.23% |
| Tata Consultancy Services Limited | 0.22% | 0.52% |
| Apollo Hospitals Enterprise Limited | 0.49% | 0.20% |
| Cipla Limited | 1.01% | 0.18% |
| Bajaj Finance Limited | 0.18% | 0.64% |
| Cholamandalam Investment and Finance Company Ltd | 1.12% | 0.17% |
| Hindustan Unilever Limited | 0.15% | 0.41% |
| Britannia Industries Limited | 0.47% | 0.14% |
| InterGlobe Aviation Limited | 0.14% | 0.29% |
| HDFC Life Insurance Company Limited | 0.49% | 0.13% |
| LTM Limited | 0.44% | 0.10% |
| HCL Technologies Limited | 0.09% | 0.32% |
| Bharat Petroleum Corporation Limited | 0.07% | 0.16% |
| Sundaram Finance Limited | 0.03% | 0.24% |
| Tata Motors Ltd | 0.03% | 0.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.2% means 27.2% 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 Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| 7.18% Government of India (14/08/2033) | 15.71% |
| 6.79% Government of India (07/10/2034) | 11.70% |
| 7.64% Power Finance Corporation Limited (22/02/2033) | 6.82% |
| 7.18% Government of India (24/07/2037) | 4.13% |
| 5% GMR Airports Limited (13/02/2027) | 2.45% |
Largest holdings only in Zerodha Life Cycle Fund 2036
| Security | % of fund |
|---|---|
| Zerodha Gold ETF | 4.47% |
| Zerodha Silver ETF | 4.42% |
| BSE Ltd | 1.03% |
| Multi Commodity Exchange of India Limited | 0.69% |
| The Federal Bank Limited | 0.64% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Conservative Hybrid | Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Equity | 18.0% | 66.7% |
| Debt | 74.4% | 21.7% |
| Cash and others | 7.6% | 11.6% |
Market cap of stocks
| Market cap | Axis Conservative Hybrid | Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Large Cap | 17.9% | 37.2% |
| Mid Cap | 0.0% | 28.2% |
| Small Cap | 0.0% | 1.3% |
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 Conservative Hybrid | Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Banks | 5.2% | 13.9% |
| Pharmaceuticals & Biotechnology | 1.9% | 4.3% |
| IT - Software | 2.1% | 3.7% |
| Finance | 1.3% | 3.7% |
| Automobiles | 0.5% | 2.6% |
| Electrical Equipment | 0.0% | 2.6% |
| Petroleum Products | 1.8% | 2.5% |
| Power | 0.9% | 2.1% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Conservative Hybrid vs Zerodha Life Cycle Fund 2036: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Conservative Hybrid Fund | Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Total expense ratio (Direct) | 1.16% | 1.02% |
| Base expense ratio (Direct) | 0.98% | 0.42% |
| Total expense ratio (Regular) | 2.15% | Not available |
| Base expense ratio (Regular) | 1.85% | 0.00% |
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
Compare Axis Conservative Hybrid with
- Axis Conservative Hybrid vs Parag Parikh Conservative Hybrid
- Axis Conservative Hybrid vs HSBC Conservative Hybrid
- Axis Conservative Hybrid vs ICICI Prudential Conservative Hybrid
- Axis Conservative Hybrid vs Nippon India Conservative Hybrid
- Axis Conservative Hybrid vs Aditya Birla Sun Life Conservative Hybrid
Axis Conservative Hybrid Fund vs Zerodha Life Cycle Fund 2036: Frequently Asked Questions
What is the difference between Axis Conservative Hybrid Fund and Zerodha Life Cycle Fund 2036?
Axis Conservative Hybrid Fund is a Conservative Hybrid fund, Zerodha Life Cycle Fund 2036 is a mutual fund, run by Axis Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 27.2%. Axis Conservative Hybrid Fund charges 1.16% a year and Zerodha Life Cycle Fund 2036 1.02%.
Which has the lower expense ratio, Axis Conservative Hybrid Fund or Zerodha Life Cycle Fund 2036?
Zerodha Life Cycle Fund 2036 charges less: 1.02% a year against 1.16%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Conservative Hybrid Fund and Zerodha Life Cycle Fund 2036 overlap?
27.2%. They hold 31 of the same securities, the largest shared ones being 6.94% Government of India (11/05/2036), RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Axis Conservative Hybrid Fund or Zerodha Life Cycle Fund 2036?
On SEBI's riskometer, Axis Conservative Hybrid Fund is rated Moderately High and Zerodha Life Cycle Fund 2036 Very High. Over their common history, the standard deviation of daily returns was 4.26% and 8.88% a year.
Can I invest in both Axis Conservative Hybrid Fund and Zerodha Life Cycle Fund 2036?
Yes. 27.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Conservative Hybrid Fund and Zerodha Life Cycle Fund 2036?
Axis Conservative Hybrid Fund: Devang Shah, Sachin Jai, Jayesh Sundar. Zerodha Life Cycle Fund 2036: Kedarnath Mirajkar.
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.