Axis Retirement Fund - Aggressive Plan vs Kotak 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 Kotak MSCI India ETF is an ETF fund. In the year to 30-10-2026, Axis Retirement Fund - Aggressive Plan (Direct) returned −5.2% and Kotak MSCI India ETF returned −8.0%. Axis Retirement Fund - Aggressive Plan charges 1.26% a year and Kotak MSCI India ETF 0.24%. Their portfolios overlap 48.6%: they hold 56 of the same securities.
Axis Retirement Fund - Aggressive Plan
Solution
- 1 year return
- −5.2%
- Expense ratio
- 1.26%
- NAV
- ₹19.59
Which is better, Axis Retirement Fund - Aggressive Plan or Kotak 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.
- Axis Retirement Fund - Aggressive Plan returned more over 1 year: −5.2% against −8.0%.
- Kotak MSCI India ETF costs less: 0.24% a year against 1.26%.
- Axis Retirement Fund - Aggressive Plan fell less in its worst fall since 25-02-2025: −12.0% against −14.6%.
- Kotak MSCI India ETF holds more in large companies: 80.6% of the fund in large caps against 52.3%.
- Kotak MSCI India ETF is the larger fund: ₹1,749 Cr against ₹666 Cr.
- Their portfolios overlap 48.6%: 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 | Kotak MSCI India ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Solution | ETF |
| AUM | ₹666 Cr (30-09-2026) | ₹1,749 Cr (30-09-2026) |
| NAV | ₹19.59 (Direct) | ₹28.23 |
| Expense ratio (Direct) | 1.26% | Not available |
| Expense ratio (Regular) | 2.51% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 25+75 - Aggressive Index | MSCI India TRI |
| Launch date | 20-12-2019 | 19-02-2025 |
| Minimum investment | ₹5,000 | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors (subject to transactions greater than INR 25 crores or such other amount as may be specified by SEBI from time to time) provided the value of units to |
| Lock in | 5 years, or until retirement if earlier | None |
| Fund managers | Jayesh Sundar, Devang Shah, Hardik Shah, Krishnaa N | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Nil | NIL |
Axis Retirement Fund - Aggressive Plan vs Kotak 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% | -- |
| Kotak MSCI India ETF | +0.29% | −5.98% | −3.50% | −8.03% | -- | -- | -- |
Axis Retirement Fund - Aggressive Plan vs Kotak MSCI India ETF: Year-wise Returns
| Year | Axis Retirement Fund - Aggressive PlanAxis Retirement Fund - Aggressive Plan | Kotak MSCI India ETFKotak MSCI India ETF |
|---|---|---|
| 2026to date | −4.53% | −8.95% |
| 2025 | +5.50% | -- |
| 2024 | +20.73% | -- |
| 2023 | +21.49% | -- |
| 2022 | −5.62% | -- |
| 2021 | +18.47% | -- |
Axis Retirement Fund - Aggressive Plan vs Kotak MSCI India ETF: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 168 of them, one for each trading day from 25-02-2026 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 Retirement Fund - Aggressive Plan (Direct)
Kotak MSCI India ETF
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 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 Retirement Fund - Aggressive Plan | 51.8 | 39.9 | 5.4 | 3.0 | 0.0 | 0.0 | 0.0 | 0.4% | −0.4% | −6.8% | 12.4% |
| Kotak MSCI India ETF | 46.4 | 36.7 | 11.4 | 3.6 | 1.8 | 0.0 | 0.0 | 0.9% | 0.2% | −9.8% | 15.8% |
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 25-02-2025. Past returns do not promise future returns.
Axis Retirement Fund - Aggressive Plan vs Kotak MSCI India ETF: 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 03-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Retirement Fund - Aggressive PlanAxis Retirement Fund - Aggressive Plan (Direct) | ₹2,10,000 | ₹2,08,316 | −₹1,684 | −0.9% |
| Kotak MSCI India ETFKotak MSCI India ETF | ₹2,10,000 | ₹2,04,302 | −₹5,698 | −3.0% |
Axis Retirement Fund - Aggressive PlanAxis Retirement Fund - Aggressive Plan (Direct)
Kotak MSCI India ETFKotak MSCI India ETF
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 Retirement Fund - Aggressive Plan vs Kotak 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) | Kotak MSCI India ETF |
|---|---|---|
| Return (CAGR) | −5.18% | −8.03% |
| Standard deviation | 11.31% | 14.22% |
| Sharpe ratio | -0.92 | -0.93 |
| Sortino ratio | -1.24 | -1.24 |
| Maximum drawdown | −11.9% (30-03-2026) | −14.6% (31-03-2026) |
| 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 Retirement Fund - Aggressive Plan (Direct) | Kotak MSCI India ETF |
|---|---|---|
| Return (CAGR) | +10.31% | +4.02% |
| Standard deviation | 12.56% | 13.78% |
| Sharpe ratio | 0.41 | -0.10 |
| Sortino ratio | 0.55 | -0.14 |
| 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)
Kotak 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) | −12.0% | 29-10-2025 | 30-03-2026 | Not yet | -- | −5.6% |
| Kotak MSCI India ETF | −14.6% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.1% |
From daily values since 25-02-2025, 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 Retirement Fund - Aggressive Plan (Direct)
Kotak MSCI India ETF
Axis Retirement Fund - Aggressive Plan vs Kotak MSCI India ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Retirement Fund - Aggressive Plan, September 2026; Kotak MSCI India ETF, September 2026
Holdings in common
- Overlap
- 48.6%
- Held by both
- 56
- Only in Axis Retirement Fund - Aggressive Plan
- 40
- Only in Kotak MSCI India ETF
- 109
| Security | % of Axis Retirement Fund - Aggressive Plan | % of Kotak MSCI India ETF |
|---|---|---|
| Reliance Industries Limited | 5.16% | 5.44% |
| ICICI Bank Limited | 4.93% | 5.60% |
| 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% | 1.91% |
| 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% | 0.89% |
| Shriram Finance Limited | 0.82% | 1.11% |
| 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% | 0.62% |
| Titan Company Limited | 0.57% | 1.30% |
| 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% | 0.66% |
| 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% |
| Britannia Industries Limited | 0.71% | 0.42% |
| HDFC Life Insurance Company Limited | 0.77% | 0.41% |
| Dixon Technologies (India) Limited | 0.73% | 0.38% |
| Indus Towers Limited | 0.44% | 0.37% |
| Solar Industries India Limited | 1.53% | 0.36% |
| Pidilite Industries Limited | 1.22% | 0.33% |
| Info Edge (India) Limited | 0.50% | 0.33% |
| Hindustan Unilever Limited | 0.32% | 1.06% |
| 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% | 1.08% |
| 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% | 0.43% |
| Hindalco Industries Limited | 0.23% | 0.97% |
| Sundaram Finance Limited | 0.44% | 0.22% |
| Mankind Pharma Limited | 0.70% | 0.21% |
| Mphasis Limited | 0.48% | 0.20% |
| Maruti Suzuki India Limited | 0.18% | 1.13% |
| Zydus Lifesciences Limited | 0.31% | 0.17% |
| HCL Technologies Limited | 0.15% | 0.87% |
| 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. 48.6% means 48.6% 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 Kotak 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 Limited | 0.83% |
| Eicher Motors Ltd. | 0.78% |
| Asian Paints(India) Ltd. | 0.74% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Retirement Fund - Aggressive Plan | Kotak MSCI India ETF |
|---|---|---|
| Equity | 72.8% | 100.0% |
| Debt | 21.9% | 0.0% |
| Cash and others | 5.2% | 0.0% |
Market cap of stocks
| Market cap | Axis Retirement Fund - Aggressive Plan | Kotak MSCI India ETF |
|---|---|---|
| Large Cap | 52.3% | 80.6% |
| Mid Cap | 10.8% | 19.4% |
| 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 | Kotak MSCI India ETF |
|---|---|---|
| Banks | 15.7% | 20.3% |
| IT - Software | 3.8% | 6.6% |
| Petroleum Products | 5.2% | 6.4% |
| Finance | 4.9% | 6.3% |
| Automobiles | 3.3% | 6.2% |
| Pharmaceuticals and Biotechnology | 0.0% | 5.6% |
| Pharmaceuticals & Biotechnology | 4.4% | 0.0% |
| Auto Components | 3.5% | 1.6% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Retirement Fund - Aggressive Plan vs Kotak MSCI India ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Retirement Fund - Aggressive Plan | Kotak MSCI India ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.26% | Not available |
| Base expense ratio (Direct) | 1.00% | 0.00% |
| Total expense ratio (Regular) | 2.51% | Not available |
| Base expense ratio (Regular) | 2.05% | 0.17% |
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 Kotak MSCI India ETF: Frequently Asked Questions
What is the difference between Axis Retirement Fund - Aggressive Plan and Kotak MSCI India ETF?
Axis Retirement Fund - Aggressive Plan is a Solution fund, Kotak MSCI India ETF is an ETF fund, run by Axis Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 48.6%. Axis Retirement Fund - Aggressive Plan charges 1.26% a year and Kotak MSCI India ETF 0.24%.
Which has given higher returns, Axis Retirement Fund - Aggressive Plan or Kotak MSCI India ETF?
Over 1 year: Axis Retirement Fund - Aggressive Plan −5.18%, Kotak MSCI India ETF −8.03%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Retirement Fund - Aggressive Plan or Kotak MSCI India ETF?
Kotak MSCI India ETF charges less: 0.24% a year against 1.26%. These are the total expense ratios reported to AMFI.
How much do Axis Retirement Fund - Aggressive Plan and Kotak MSCI India ETF overlap?
48.6%. They hold 56 of the same securities, the largest shared ones being RELIANCE, ICICIBANK, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Axis Retirement Fund - Aggressive Plan or Kotak MSCI India ETF?
On SEBI's riskometer, Axis Retirement Fund - Aggressive Plan is rated Very High and Kotak MSCI India ETF Very High. Over 1 years, the standard deviation of daily returns was 11.31% and 14.22% a year.
Can I invest in both Axis Retirement Fund - Aggressive Plan and Kotak MSCI India ETF?
Yes. 48.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis Retirement Fund - Aggressive Plan and Kotak MSCI India ETF?
Axis Retirement Fund - Aggressive Plan: Jayesh Sundar, Devang Shah, Hardik Shah, Krishnaa N. Kotak MSCI India ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar.
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.