Axis Retirement Fund - Conservative Plan vs Kotak Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Retirement Fund - Conservative Plan is a Solution fund and Kotak Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, Axis Retirement Fund - Conservative Plan (Direct) returned 7.2% a year and Kotak Balanced Advantage Fund (Direct) returned 9.2% a year. Axis Retirement Fund - Conservative Plan charges 1.27% a year and Kotak Balanced Advantage Fund 0.82% (Direct plans). Their portfolios overlap 27.6%: they hold 25 of the same securities.
Axis Retirement Fund - Conservative Plan
Solution
- 3 year return
- 7.2%
- Expense ratio
- 1.27%
- NAV
- ₹17.19
Kotak Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 9.2%
- Expense ratio
- 0.82%
- NAV
- ₹22.45
Which is better, Axis Retirement Fund - Conservative Plan or Kotak Balanced Advantage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Balanced Advantage returned more over 5 years: 8.4% a year against 5.8%.
- Kotak Balanced Advantage returned more over 3 years: 9.2% a year against 7.2%.
- Kotak Balanced Advantage costs less: 0.82% 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 −26.3%.
- Kotak Balanced Advantage holds more in large companies: 51.1% of the fund in large caps against 31.9%.
- Kotak Balanced Advantage is the larger fund: ₹16,618 Cr against ₹45 Cr.
- Their portfolios overlap 27.6%: 25 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 | Kotak Balanced Advantage Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Solution | Balanced Advantage |
| AUM | ₹45 Cr (30-09-2026) | ₹16,618 Cr (30-09-2026) |
| NAV | ₹17.19 (Direct) | ₹22.45 (Direct) |
| Expense ratio (Direct) | 1.27% | 0.82% |
| Expense ratio (Regular) | 2.16% | 1.88% |
| Riskometer | High | Very High |
| Benchmark | CRISIL Hybrid 75+25 - Conservative Index | NIFTY 50 Hybrid composite debt 50:50 Index (Total Return |
| Launch date | 20-12-2019 | 03-08-2018 |
| 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 | Rohit Tandon, Hiten Shah, Abhishek Bisen |
| Exit load | Nil | Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 180 days |
Axis Retirement Fund - Conservative Plan vs Kotak Balanced Advantage: 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% | -- |
| Kotak Balanced Advantage Fund (Direct) | −0.31% | −3.11% | +0.22% | −1.56% | +9.18% | +8.44% | -- |
| 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 Retirement Fund - Conservative Plan vs Kotak Balanced Advantage: Year-wise Returns
| Year | Axis Retirement Fund - Conservative PlanAxis Retirement Fund - Conservative Plan | Kotak Balanced AdvantageKotak Balanced Advantage |
|---|---|---|
| 2026to date | −3.86% | −2.17% |
| 2025 | +6.33% | +7.13% |
| 2024 | +13.10% | +15.67% |
| 2023 | +15.50% | +17.42% |
| 2022 | −2.64% | +5.06% |
| 2021 | +14.00% | +14.43% |
Axis Retirement Fund - Conservative Plan vs Kotak Balanced Advantage: 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)
Kotak Balanced Advantage 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% |
| Kotak Balanced Advantage | 0.0 | 0.0 | 3.7 | 85.9 | 9.8 | 0.5 | 0.0 | 12.8% | 12.6% | 8.5% | 22.4% |
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 Kotak Balanced Advantage: 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% |
| Kotak Balanced AdvantageKotak Balanced Advantage Fund (Direct) | ₹8,30,000 | ₹11,48,834 | ₹3,18,834 | 9.3% |
Axis Retirement Fund - Conservative PlanAxis Retirement Fund - Conservative Plan (Direct)
Kotak Balanced AdvantageKotak Balanced Advantage 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 Kotak Balanced Advantage: 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) | Kotak Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.72% | −1.56% |
| Standard deviation | 6.06% | 8.92% |
| Sharpe ratio | -1.32 | -0.76 |
| Sortino ratio | -1.73 | -1.02 |
| Maximum drawdown | −6.2% (02-04-2026) | −8.4% (30-03-2026) |
| 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 - Conservative Plan (Direct) | Kotak Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.19% | +9.18% |
| Standard deviation | 5.53% | 7.95% |
| Sharpe ratio | 0.21 | 0.40 |
| Sortino ratio | 0.29 | 0.55 |
| Maximum drawdown | −7.0% (04-03-2025) | −9.1% (28-02-2025) |
| 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) | Kotak Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.76% | +8.44% |
| Standard deviation | 5.54% | 7.33% |
| Sharpe ratio | -0.01 | 0.36 |
| Sortino ratio | -0.01 | 0.49 |
| Maximum drawdown | −8.5% (17-06-2022) | −9.1% (28-02-2025) |
| 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) | Kotak Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.22% | +10.31% |
| Standard deviation | 6.30% | 9.51% |
| Sharpe ratio | 0.49 | 0.53 |
| Sortino ratio | 0.66 | 0.70 |
| Maximum drawdown | −12.7% (23-03-2020) | −26.3% (23-03-2020) |
| 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)
Kotak Balanced Advantage 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% |
| Kotak Balanced Advantage Fund (Direct) | −26.3% | 12-02-2020 | 23-03-2020 | 21-07-2020 | 4 months | −4.4% |
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)
Kotak Balanced Advantage 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)
Kotak Balanced Advantage 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)
Kotak Balanced Advantage Fund (Direct)
Axis Retirement Fund - Conservative Plan vs Kotak Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Retirement Fund - Conservative Plan, September 2026; Kotak Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 27.6%
- Held by both
- 25
- Only in Axis Retirement Fund - Conservative Plan
- 10
- Only in Kotak Balanced Advantage
- 165
| Security | % of Axis Retirement Fund - Conservative Plan | % of Kotak Balanced Advantage |
|---|---|---|
| 7.34% Government of India (22/04/2064) | 15.53% | 5.67% |
| Reliance Industries Limited | 4.49% | 3.36% |
| Bharti Airtel Limited | 2.29% | 2.38% |
| State Bank of India | 2.13% | 3.64% |
| HDFC Bank Limited | 1.95% | 3.16% |
| ICICI Bank Limited | 1.82% | 4.93% |
| Infosys Limited | 2.13% | 1.48% |
| Kotak Mahindra Bank Limited | 1.25% | 1.25% |
| Mahindra & Mahindra Limited | 1.17% | 1.29% |
| Larsen & Toubro Limited | 1.13% | 1.99% |
| ITC Limited | 1.33% | 0.86% |
| NTPC Limited | 1.06% | 0.70% |
| Tech Mahindra Limited | 0.65% | 0.81% |
| Sun Pharmaceutical Industries Limited | 0.88% | 0.64% |
| Torrent Pharmaceuticals Limited | 0.42% | 0.52% |
| Life Insurance Corporation Of India | 1.74% | 0.37% |
| Tata Consultancy Services Limited | 0.36% | 0.64% |
| HDFC Life Insurance Company Limited | 0.49% | 0.29% |
| Apollo Hospitals Enterprise Limited | 2.62% | 0.28% |
| Cipla Limited | 0.57% | 0.22% |
| Hindustan Unilever Limited | 0.20% | 0.62% |
| Bajaj Finance Limited | 0.19% | 1.75% |
| Indus Infra Trust | 1.92% | 0.14% |
| Varun Beverages Limited | 0.94% | 0.03% |
| Mankind Pharma Limited | 0.69% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.6% means 27.6% 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% |
| Hero MotoCorp Limited | 1.50% |
| HCL Technologies Limited | 1.37% |
| Britannia Industries Limited | 0.69% |
Largest holdings only in Kotak Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Solar Industries India Limited | 1.67% |
| Ultratech Cement Ltd. | 1.55% |
| Power Finance Corporation Ltd. | 1.49% |
| Adani Ports and Special Economic Zone Limited | 1.40% |
| ETERNAL LIMITED | 1.35% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Retirement Fund - Conservative Plan | Kotak Balanced Advantage |
|---|---|---|
| Equity | 35.3% | 70.2% |
| Debt | 59.0% | 20.3% |
| Cash and others | 5.7% | 9.5% |
Market cap of stocks
| Market cap | Axis Retirement Fund - Conservative Plan | Kotak Balanced Advantage |
|---|---|---|
| Large Cap | 31.9% | 51.1% |
| Mid Cap | 2.9% | 9.0% |
| Small Cap | 0.5% | 9.6% |
| Not on AMFI's list | 0.0% | 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 | Kotak Balanced Advantage |
|---|---|---|
| Banks | 7.2% | 14.6% |
| IT - Software | 4.5% | 4.3% |
| Petroleum Products | 4.5% | 4.0% |
| Finance | 0.4% | 3.5% |
| Automobiles | 2.7% | 3.5% |
| Auto Components | 0.0% | 3.1% |
| Healthcare Services | 2.8% | 1.7% |
| Pharmaceuticals & Biotechnology | 2.6% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Retirement Fund - Conservative Plan vs Kotak Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Retirement Fund - Conservative Plan | Kotak Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.27% | 0.82% |
| Base expense ratio (Direct) | 1.07% | 0.54% |
| Total expense ratio (Regular) | 2.16% | 1.88% |
| Base expense ratio (Regular) | 1.83% | 1.44% |
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.
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Axis Retirement Fund - Conservative Plan vs Kotak Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Axis Retirement Fund - Conservative Plan and Kotak Balanced Advantage Fund?
Axis Retirement Fund - Conservative Plan is a Solution fund, Kotak Balanced Advantage Fund is a Balanced Advantage fund, run by Axis Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 27.6%. Axis Retirement Fund - Conservative Plan charges 1.27% a year and Kotak Balanced Advantage Fund 0.82%.
Which has given higher returns, Axis Retirement Fund - Conservative Plan or Kotak Balanced Advantage Fund?
Over 1 year: Axis Retirement Fund - Conservative Plan −2.72%, Kotak Balanced Advantage Fund −1.56%. Over 3 years: Axis Retirement Fund - Conservative Plan +7.19% a year, Kotak Balanced Advantage Fund +9.18% a year. Over 5 years: Axis Retirement Fund - Conservative Plan +5.76% a year, Kotak Balanced Advantage Fund +8.44% 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 Kotak Balanced Advantage Fund?
Kotak Balanced Advantage Fund charges less: 0.82% 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 Kotak Balanced Advantage Fund overlap?
27.6%. They hold 25 of the same securities, the largest shared ones being 7.34% Government of India (22/04/2064), RELIANCE, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Axis Retirement Fund - Conservative Plan or Kotak Balanced Advantage Fund?
On SEBI's riskometer, Axis Retirement Fund - Conservative Plan is rated High and Kotak Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 5.53% and 7.95% a year.
Which is better for SIP, Axis Retirement Fund - Conservative Plan or Kotak Balanced Advantage 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 ₹7,41,532 in Kotak Balanced Advantage Fund (XIRR 7.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Retirement Fund - Conservative Plan and Kotak Balanced Advantage Fund?
Yes. 27.6% 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 Kotak Balanced Advantage Fund?
Axis Retirement Fund - Conservative Plan: Jayesh Sundar, Devang Shah, Hardik Shah, Krishnaa N. Kotak Balanced Advantage Fund: Rohit Tandon, Hiten Shah, Abhishek Bisen.
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.