Axis Retirement Fund - Aggressive Plan vs DSP MSCI India ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Retirement Fund - Aggressive Plan is a Solution fund and DSP MSCI India ETF is a mutual fund. Axis Retirement Fund - Aggressive Plan charges 1.26% a year and DSP MSCI India ETF 0.16%. Their portfolios overlap 48.7%: they hold 56 of the same securities.
Axis Retirement Fund - Aggressive Plan
Solution
- Expense ratio
- 1.26%
- NAV
- ₹19.59
Which is better, Axis Retirement Fund - Aggressive Plan or DSP MSCI India ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP MSCI India ETF costs less: 0.16% a year against 1.26%.
- Axis Retirement Fund - Aggressive Plan fell less in its worst fall since 25-11-2025: −11.9% against −14.6%.
- DSP MSCI India ETF holds more in large companies: 80.5% of the fund in large caps against 52.3%.
- Axis Retirement Fund - Aggressive Plan is the larger fund: ₹666 Cr against ₹3 Cr.
- Their portfolios overlap 48.7%: 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 | Axis Retirement Fund - Aggressive Plan | DSP MSCI India ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | DSP Mutual Fund |
| Category | Solution | Not available |
| AUM | ₹666 Cr (30-09-2026) | ₹3 Cr (30-09-2026) |
| NAV | ₹19.59 (Direct) | ₹27.96 |
| Expense ratio (Direct) | 1.26% | Not available |
| Expense ratio (Regular) | 2.51% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | CRISIL Hybrid 25+75 - Aggressive Index | Not available |
| Launch date | 20-12-2019 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | 5 years, or until retirement if earlier | Not available |
| Fund managers | Jayesh Sundar, Devang Shah, Hardik Shah, Krishnaa N | Not available |
| Exit load | Nil | Not available |
Axis Retirement Fund - Aggressive Plan vs DSP MSCI India ETF: 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 Retirement Fund - Aggressive Plan (Direct) | +0.05% | −3.73% | −0.10% | −5.18% | +10.83% | +6.66% | -- |
| DSP MSCI India ETF | +0.34% | −5.94% | −3.51% | -- | -- | -- | -- |
Axis Retirement Fund - Aggressive Plan vs DSP MSCI India ETF: Year-wise Returns
| Year | Axis Retirement Fund - Aggressive PlanAxis Retirement Fund - Aggressive Plan | DSP MSCI India ETFDSP MSCI India ETF |
|---|---|---|
| 2026to date | −4.53% | −8.97% |
| 2025 | +5.50% | -- |
| 2024 | +20.73% | -- |
| 2023 | +21.49% | -- |
| 2022 | −5.62% | -- |
| 2021 | +18.47% | -- |
Axis Retirement Fund - Aggressive Plan vs DSP MSCI India ETF: Rolling Returns
Every holding period of both funds
Axis Retirement Fund - Aggressive Plan vs DSP MSCI India ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Retirement Fund - Aggressive Plan (Direct) | DSP MSCI India ETF |
|---|---|---|
| Return (CAGR) | +10.31% | −8.48% |
| Standard deviation | 12.56% | 14.60% |
| Sharpe ratio | 0.41 | -0.94 |
| Sortino ratio | 0.55 | -1.24 |
| Maximum drawdown | −25.9% (23-03-2020) | −14.6% (31-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 27-12-2019 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 Retirement Fund - Aggressive Plan (Direct)
DSP MSCI India ETF
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Retirement Fund - Aggressive Plan (Direct) | −11.9% | 02-01-2026 | 30-03-2026 | 10-08-2026 | 4 months | −5.5% |
| DSP MSCI India ETF | −14.6% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.1% |
From daily values since 25-11-2025, the first day every fund has.
Axis Retirement Fund - Aggressive Plan vs DSP MSCI India ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Retirement Fund - Aggressive Plan, September 2026; DSP MSCI India ETF, September 2026
Holdings in common
- Overlap
- 48.7%
- Held by both
- 56
- Only in Axis Retirement Fund - Aggressive Plan
- 40
- Only in DSP MSCI India ETF
- 108
| Security | % of Axis Retirement Fund - Aggressive Plan | % of DSP MSCI India ETF |
|---|---|---|
| Reliance Industries Limited | 5.16% | 5.44% |
| ICICI Bank Limited | 4.93% | 5.59% |
| HDFC Bank Limited | 4.66% | 6.44% |
| Bharti Airtel Limited | 2.73% | 3.93% |
| Mahindra & Mahindra Limited | 2.14% | 2.05% |
| Larsen & Toubro Limited | 2.01% | 2.02% |
| Kotak Mahindra Bank Limited | 2.27% | 1.82% |
| Infosys Limited | 1.82% | 2.41% |
| Bajaj Finance Limited | 1.69% | 1.90% |
| State Bank of India | 2.12% | 1.41% |
| Axis Bank Limited | 1.28% | 2.25% |
| Eternal Limited | 1.47% | 1.22% |
| NTPC Limited | 1.40% | 1.12% |
| Divi's Laboratories Limited | 1.34% | 0.90% |
| Shriram Finance Limited | 0.82% | 1.10% |
| Sun Pharmaceutical Industries Limited | 0.81% | 1.30% |
| InterGlobe Aviation Limited | 0.86% | 0.75% |
| Apollo Hospitals Enterprise Limited | 1.13% | 0.66% |
| Hindustan Aeronautics Limited | 0.99% | 0.63% |
| Titan Company Limited | 0.57% | 1.29% |
| Samvardhana Motherson International Limited | 0.77% | 0.55% |
| Cipla Limited | 0.53% | 0.54% |
| Tata Consultancy Services Limited | 0.50% | 1.33% |
| Tech Mahindra Limited | 0.49% | 0.65% |
| The Indian Hotels Company Limited | 0.76% | 0.48% |
| Varun Beverages Limited | 0.68% | 0.44% |
| Cholamandalam Investment and Finance Company Ltd | 0.44% | 0.55% |
| CG Power and Industrial Solutions Limited | 0.71% | 0.43% |
| Tata Power Company Limited | 0.66% | 0.43% |
| HDFC Life Insurance Company Limited | 0.77% | 0.41% |
| Britannia Industries Limited | 0.71% | 0.41% |
| Dixon Technologies (India) Limited | 0.73% | 0.40% |
| Solar Industries India Limited | 1.53% | 0.38% |
| Indus Towers Limited | 0.44% | 0.37% |
| Pidilite Industries Limited | 1.22% | 0.33% |
| Info Edge (India) Limited | 0.50% | 0.33% |
| Hindustan Unilever Limited | 0.32% | 1.05% |
| United Spirits Limited | 0.75% | 0.31% |
| ITC Limited | 0.31% | 0.63% |
| Tata Motors Ltd | 0.31% | 0.62% |
| Bharat Electronics Limited | 0.31% | 1.07% |
| Fortis Healthcare Limited | 0.84% | 0.30% |
| The Phoenix Mills Limited | 1.03% | 0.29% |
| REC Limited | 0.31% | 0.28% |
| Tata Steel Limited | 0.28% | 1.10% |
| TVS Motor Company Limited | 0.26% | 0.78% |
| GE Vernova T&D India Limited | 0.25% | 0.42% |
| Hindalco Industries Limited | 0.23% | 0.97% |
| Sundaram Finance Limited | 0.44% | 0.22% |
| Mphasis Limited | 0.48% | 0.21% |
| Mankind Pharma Limited | 0.70% | 0.20% |
| Maruti Suzuki India Limited | 0.18% | 1.11% |
| Zydus Lifesciences Limited | 0.31% | 0.17% |
| HCL Technologies Limited | 0.15% | 0.86% |
| Voltas Limited | 0.13% | 0.17% |
| Avenue Supermarts Limited | 0.03% | 0.44% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.7% means 48.7% 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 Retirement Fund - Aggressive Plan
| Security | % of fund |
|---|---|
| 7.1% Government of India (08/04/2034) | 6.36% |
| 6.79% Government of India (07/10/2034) | 5.14% |
| 7.25% Government of India (12/06/2063) | 3.52% |
| 7.18% Government of India (24/07/2037) | 2.99% |
| 7.57% Government of India (17/06/2033) | 1.38% |
Largest holdings only in DSP MSCI India ETF
| Security | % of fund |
|---|---|
| Ultratech Cement Limited | 0.89% |
| Power Grid Corporation of India Limited | 0.87% |
| Adani Ports and Special Economic Zone Limited | 0.83% |
| Eicher Motors Limited | 0.77% |
| Asian Paints Limited | 0.73% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Retirement Fund - Aggressive Plan | DSP MSCI India ETF |
|---|---|---|
| Equity | 72.8% | 99.5% |
| Debt | 21.9% | 0.0% |
| Cash and others | 5.2% | 0.5% |
Market cap of stocks
| Market cap | Axis Retirement Fund - Aggressive Plan | DSP MSCI India ETF |
|---|---|---|
| Large Cap | 52.3% | 80.5% |
| Mid Cap | 10.8% | 19.0% |
| Small Cap | 9.8% | 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 Retirement Fund - Aggressive Plan | DSP MSCI India ETF |
|---|---|---|
| Banks | 15.7% | 20.3% |
| IT - Software | 3.8% | 6.5% |
| Petroleum Products | 5.2% | 6.4% |
| Finance | 4.9% | 6.3% |
| Automobiles | 3.3% | 6.2% |
| Pharmaceuticals & Biotechnology | 4.4% | 5.6% |
| Auto Components | 3.5% | 1.3% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Retirement Fund - Aggressive Plan vs DSP MSCI India ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Retirement Fund - Aggressive Plan | DSP MSCI India ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.26% | Not available |
| Base expense ratio (Direct) | 1.00% | 0.11% |
| Total expense ratio (Regular) | 2.51% | Not available |
| Base expense ratio (Regular) | 2.05% | 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.
Axis Retirement Fund - Aggressive Plan vs DSP MSCI India ETF: Frequently Asked Questions
What is the difference between Axis Retirement Fund - Aggressive Plan and DSP MSCI India ETF?
Axis Retirement Fund - Aggressive Plan is a Solution fund, DSP MSCI India ETF is a mutual fund, run by Axis Mutual Fund and DSP Mutual Fund. Their portfolios overlap 48.7%. Axis Retirement Fund - Aggressive Plan charges 1.26% a year and DSP MSCI India ETF 0.16%.
Which has the lower expense ratio, Axis Retirement Fund - Aggressive Plan or DSP MSCI India ETF?
DSP MSCI India ETF charges less: 0.16% a year against 1.26%. These are the total expense ratios reported to AMFI.
How much do Axis Retirement Fund - Aggressive Plan and DSP MSCI India ETF overlap?
48.7%. They hold 56 of the same securities, the largest shared ones being RELIANCE, ICICIBANK, HDFCBANK. From each fund's latest monthly portfolio.
Can I invest in both Axis Retirement Fund - Aggressive Plan and DSP MSCI India ETF?
Yes. 48.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.