Axis Retirement Fund - Conservative Plan vs HDFC Dynamic Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Retirement Fund - Conservative Plan is a Solution fund and HDFC Dynamic Term Fund is a Dynamic Bond fund. In the 3 years to 30-10-2026, Axis Retirement Fund - Conservative Plan (Direct) returned 7.2% a year and HDFC Dynamic Term Fund (Direct) returned 6.5% a year. Axis Retirement Fund - Conservative Plan charges 1.27% a year and HDFC Dynamic Term Fund 0.75% (Direct plans). Their portfolios overlap 16.6%: they hold 2 of the same securities.
Axis Retirement Fund - Conservative Plan
Solution
- 3 year return
- 7.2%
- Expense ratio
- 1.27%
- NAV
- ₹17.19
HDFC Dynamic Term Fund
Dynamic Bond
- 3 year return
- 6.5%
- Expense ratio
- 0.75%
- NAV
- ₹102.71
Which is better, Axis Retirement Fund - Conservative Plan or HDFC Dynamic Term? 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 - Conservative Plan returned more over 5 years: 5.8% a year against 5.7%.
- Axis Retirement Fund - Conservative Plan returned more over 3 years: 7.2% a year against 6.5%.
- HDFC Dynamic Term costs less: 0.75% a year against 1.27% (Direct plans).
- HDFC Dynamic Term swung less over 3 years: a standard deviation of 2.3% a year against 5.5%.
- HDFC Dynamic Term fell less in its worst fall since 27-12-2019: −2.6% against −12.7%.
- HDFC Dynamic Term is the larger fund: ₹480 Cr against ₹45 Cr.
- Their portfolios overlap 16.6%: 2 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 - Conservative Plan | HDFC Dynamic Term Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | HDFC Mutual Fund |
| Category | Solution | Dynamic Bond |
| AUM | ₹45 Cr (30-09-2026) | ₹480 Cr (30-09-2026) |
| NAV | ₹17.19 (Direct) | ₹102.71 (Direct) |
| Expense ratio (Direct) | 1.27% | 0.75% |
| Expense ratio (Regular) | 2.16% | 1.40% |
| Riskometer | High | Moderately High |
| Benchmark | CRISIL Hybrid 75+25 - Conservative Index | NIFTY Composite Debt Index A-III |
| Launch date | 20-12-2019 | 28-04-1997 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | 5 years, or until retirement if earlier | None |
| Fund managers | Jayesh Sundar, Devang Shah, Hardik Shah, Krishnaa N | Anil Bamboli, Gopal Agrawal |
| Exit load | Nil | NIL |
Axis Retirement Fund - Conservative Plan vs HDFC Dynamic Term: 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 - Conservative Plan (Direct) | +0.35% | −3.13% | −0.50% | −2.72% | +7.19% | +5.76% | -- |
| HDFC Dynamic Term Fund (Direct) | −0.49% | −0.71% | +2.27% | +3.27% | +6.47% | +5.72% | +5.92% |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | +5.98% | +6.68% |
Category average: the average of the 22 Dynamic Bond funds, same plan type.
Axis Retirement Fund - Conservative Plan vs HDFC Dynamic Term: Year-wise Returns
| Year | Axis Retirement Fund - Conservative PlanAxis Retirement Fund - Conservative Plan | HDFC Dynamic TermHDFC Dynamic Term |
|---|---|---|
| 2026to date | −3.86% | +2.73% |
| 2025 | +6.33% | +5.45% |
| 2024 | +13.10% | +9.25% |
| 2023 | +15.50% | +7.87% |
| 2022 | −2.64% | +2.83% |
| 2021 | +14.00% | +8.16% |
Axis Retirement Fund - Conservative Plan vs HDFC Dynamic Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 937 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 Retirement Fund - Conservative Plan (Direct)
HDFC Dynamic Term Fund (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 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% |
| HDFC Dynamic Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.0% | 6.9% | 5.8% | 8.9% |
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 Retirement Fund - Conservative Plan vs HDFC Dynamic Term: 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 27-12-2019 to 30-10-2026: 83 instalments, ₹8,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Retirement Fund - Conservative PlanAxis Retirement Fund - Conservative Plan (Direct) | ₹8,30,000 | ₹10,45,384 | ₹2,15,384 | 6.6% |
| HDFC Dynamic TermHDFC Dynamic Term Fund (Direct) | ₹8,30,000 | ₹10,27,339 | ₹1,97,339 | 6.1% |
Axis Retirement Fund - Conservative PlanAxis Retirement Fund - Conservative Plan (Direct)
HDFC Dynamic TermHDFC Dynamic Term Fund (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 Retirement Fund - Conservative Plan vs HDFC Dynamic Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Retirement Fund - Conservative Plan (Direct) | HDFC Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.72% | +3.27% |
| Standard deviation | 6.06% | 2.67% |
| Sharpe ratio | -1.32 | -0.74 |
| Sortino ratio | -1.73 | -1.00 |
| Maximum drawdown | −6.2% (02-04-2026) | −2.3% (23-10-2026) |
| 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 - Conservative Plan (Direct) | HDFC Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.19% | +6.47% |
| Standard deviation | 5.53% | 2.33% |
| Sharpe ratio | 0.21 | 0.19 |
| Sortino ratio | 0.29 | 0.26 |
| Maximum drawdown | −7.0% (04-03-2025) | −2.6% (26-08-2025) |
| 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 Retirement Fund - Conservative Plan (Direct) | HDFC Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.76% | +5.72% |
| Standard deviation | 5.54% | 2.07% |
| Sharpe ratio | -0.01 | -0.04 |
| Sortino ratio | -0.01 | -0.05 |
| Maximum drawdown | −8.5% (17-06-2022) | −2.6% (26-08-2025) |
| 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 Retirement Fund - Conservative Plan (Direct) | HDFC Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.22% | +7.36% |
| Standard deviation | 6.30% | 3.33% |
| Sharpe ratio | 0.49 | 0.39 |
| Sortino ratio | 0.66 | 0.60 |
| Maximum drawdown | −12.7% (23-03-2020) | −7.5% (19-08-2013) |
| 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 - Conservative Plan (Direct)
HDFC Dynamic Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Retirement Fund - Conservative Plan (Direct) | −12.7% | 17-02-2020 | 23-03-2020 | 07-07-2020 | 3 months | −4.1% |
| HDFC Dynamic Term Fund (Direct) | −2.6% | 28-05-2025 | 26-08-2025 | 15-10-2025 | 50 days | −1.9% |
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 Retirement Fund - Conservative Plan (Direct)
HDFC Dynamic Term Fund (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 Retirement Fund - Conservative Plan (Direct)
HDFC Dynamic Term Fund (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 Retirement Fund - Conservative Plan (Direct)
HDFC Dynamic Term Fund (Direct)
Axis Retirement Fund - Conservative Plan vs HDFC Dynamic Term: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Retirement Fund - Conservative Plan, September 2026; HDFC Dynamic Term Fund, September 2026
Holdings in common
- Overlap
- 16.6%
- Held by both
- 2
- Only in Axis Retirement Fund - Conservative Plan
- 33
- Only in HDFC Dynamic Term
- 32
| Security | % of Axis Retirement Fund - Conservative Plan | % of HDFC Dynamic Term |
|---|---|---|
| 7.34% Government of India (22/04/2064) | 15.53% | 14.70% |
| Indus Infra Trust | 1.92% | 4.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.6% means 16.6% 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 - Conservative Plan
| Security | % of fund |
|---|---|
| 7.18% Government of India (24/07/2037) | 34.56% |
| 7.1% Government of India (08/04/2034) | 8.93% |
| Reliance Industries Limited | 4.49% |
| Apollo Hospitals Enterprise Limited | 2.62% |
| Bharti Airtel Limited | 2.29% |
Largest holdings only in HDFC Dynamic Term Fund
| Security | % of fund |
|---|---|
| REC Limited. | 5.34% |
| National Bank for Agri & Rural Dev. | 5.19% |
| Small Industries Development Bank | 5.09% |
| Union Bank of India | 5.09% |
| 6.9% GOI MAT 150465 | 4.67% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Retirement Fund - Conservative Plan | HDFC Dynamic Term |
|---|---|---|
| Equity | 35.3% | 0.0% |
| Debt | 59.0% | 73.9% |
| Cash and others | 5.7% | 26.1% |
Market cap of stocks
| Market cap | Axis Retirement Fund - Conservative Plan | HDFC Dynamic Term |
|---|---|---|
| Large Cap | 31.9% | -- |
| Mid Cap | 2.9% | -- |
| Small Cap | 0.5% | -- |
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 - Conservative Plan | HDFC Dynamic Term |
|---|---|---|
| Banks | 7.2% | 0.0% |
| IT - Software | 4.5% | 0.0% |
| Petroleum Products | 4.5% | 0.0% |
| Healthcare Services | 2.8% | 0.0% |
| Automobiles | 2.7% | 0.0% |
| Pharmaceuticals & Biotechnology | 2.6% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Retirement Fund - Conservative Plan vs HDFC Dynamic Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Retirement Fund - Conservative Plan | HDFC Dynamic Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.27% | 0.75% |
| Base expense ratio (Direct) | 1.07% | 0.63% |
| Total expense ratio (Regular) | 2.16% | 1.40% |
| Base expense ratio (Regular) | 1.83% | 1.18% |
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 Retirement Fund - Conservative Plan vs HDFC Dynamic Term Fund: Frequently Asked Questions
What is the difference between Axis Retirement Fund - Conservative Plan and HDFC Dynamic Term Fund?
Axis Retirement Fund - Conservative Plan is a Solution fund, HDFC Dynamic Term Fund is a Dynamic Bond fund, run by Axis Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 16.6%. Axis Retirement Fund - Conservative Plan charges 1.27% a year and HDFC Dynamic Term Fund 0.75%.
Which has given higher returns, Axis Retirement Fund - Conservative Plan or HDFC Dynamic Term Fund?
Over 1 year: Axis Retirement Fund - Conservative Plan −2.72%, HDFC Dynamic Term Fund +3.27%. Over 3 years: Axis Retirement Fund - Conservative Plan +7.19% a year, HDFC Dynamic Term Fund +6.47% a year. Over 5 years: Axis Retirement Fund - Conservative Plan +5.76% a year, HDFC Dynamic Term Fund +5.72% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Retirement Fund - Conservative Plan or HDFC Dynamic Term Fund?
HDFC Dynamic Term Fund charges less: 0.75% a year against 1.27%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Retirement Fund - Conservative Plan and HDFC Dynamic Term Fund overlap?
16.6%. They hold 2 of the same securities, the largest shared ones being 7.34% Government of India (22/04/2064), INDUSINVIT. From each fund's latest monthly portfolio.
Which is riskier, Axis Retirement Fund - Conservative Plan or HDFC Dynamic Term Fund?
On SEBI's riskometer, Axis Retirement Fund - Conservative Plan is rated High and HDFC Dynamic Term Fund Moderately High. Over 3 years, the standard deviation of daily returns was 5.53% and 2.33% a year.
Which is better for SIP, Axis Retirement Fund - Conservative Plan or HDFC Dynamic Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,99,301 in Axis Retirement Fund - Conservative Plan (XIRR 5.3% a year) and ₹7,07,315 in HDFC Dynamic Term Fund (XIRR 5.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Retirement Fund - Conservative Plan and HDFC Dynamic Term Fund?
Yes. 16.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Retirement Fund - Conservative Plan and HDFC Dynamic Term Fund?
Axis Retirement Fund - Conservative Plan: Jayesh Sundar, Devang Shah, Hardik Shah, Krishnaa N. HDFC Dynamic Term Fund: Anil Bamboli, Gopal Agrawal.
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.