Axis Retirement Fund - Conservative Plan vs SBI BSE 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Retirement Fund - Conservative Plan is a Solution fund and SBI BSE 100 ETF is a mutual fund. In the 3 years to 30-10-2026, Axis Retirement Fund - Conservative Plan (Direct) returned 7.2% a year and SBI BSE 100 ETF (Regular) returned 8.8% a year. Axis Retirement Fund - Conservative Plan charges 1.27% a year and SBI BSE 100 ETF 0.16%. Their portfolios overlap 27.4%: they hold 24 of the same securities.
Axis Retirement Fund - Conservative Plan
Solution
- 3 year return
- 7.2%
- Expense ratio
- 1.27%
- NAV
- ₹17.19
Which is better, Axis Retirement Fund - Conservative Plan or SBI BSE 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI BSE 100 ETF returned more over 5 years: 7.6% a year against 5.8%.
- SBI BSE 100 ETF returned more over 3 years: 8.8% a year against 7.2%.
- SBI BSE 100 ETF costs less: 0.16% a year against 1.27%.
- Axis Retirement Fund - Conservative Plan swung less over 3 years: a standard deviation of 5.5% a year against 13.5%.
- Axis Retirement Fund - Conservative Plan fell less in its worst fall since 27-12-2019: −12.7% against −38.2%.
- SBI BSE 100 ETF holds more in large companies: 90.2% of the fund in large caps against 31.9%.
- Axis Retirement Fund - Conservative Plan is the larger fund: ₹45 Cr against ₹9 Cr.
- Their portfolios overlap 27.4%: 24 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 | SBI BSE 100 ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | SBI Mutual Fund |
| Category | Solution | Not available |
| AUM | ₹45 Cr (30-09-2026) | ₹9 Cr (30-09-2026) |
| NAV | ₹17.19 (Direct) | ₹272.01 (Regular) |
| Expense ratio (Direct) | 1.27% | Not available |
| Expense ratio (Regular) | 2.16% | 0.16% |
| Riskometer | High | Not available |
| Benchmark | CRISIL Hybrid 75+25 - Conservative 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 - Conservative Plan vs SBI BSE 100 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 - Conservative Plan (Direct) | +0.35% | −3.13% | −0.50% | −2.72% | +7.19% | +5.76% | -- |
| SBI BSE 100 ETF (Regular) | +0.93% | −5.53% | −2.97% | −9.05% | +8.78% | +7.62% | +11.52% |
Axis Retirement Fund - Conservative Plan vs SBI BSE 100 ETF: Year-wise Returns
| Year | Axis Retirement Fund - Conservative PlanAxis Retirement Fund - Conservative Plan | SBI BSE 100 ETFSBI BSE 100 ETF |
|---|---|---|
| 2026to date | −3.86% | −9.80% |
| 2025 | +6.33% | +10.33% |
| 2024 | +13.10% | +13.11% |
| 2023 | +15.50% | +23.07% |
| 2022 | −2.64% | +5.85% |
| 2021 | +14.00% | +26.33% |
Axis Retirement Fund - Conservative Plan vs SBI BSE 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of SBI BSE 100 ETF
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)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
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 | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | 0% |
| SBI BSE 100 ETF | 0.0 | 0.0 | 5.2 | 34.4 | 43.6 | 11.3 | 5.4 | 16.3% | 15.7% | 6.8% | 32.6% | 1% |
| BSE 100 TRI | 0.0 | 0.0 | 4.6 | 33.0 | 44.8 | 12.0 | 5.7 | 16.5% | 15.9% | 7.0% | 32.8% | -- |
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. The benchmark is BSE 100 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. 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 SBI BSE 100 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 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% |
| SBI BSE 100 ETFSBI BSE 100 ETF (Regular) | ₹8,30,000 | ₹11,77,200 | ₹3,47,200 | 10.0% |
Axis Retirement Fund - Conservative PlanAxis Retirement Fund - Conservative Plan (Direct)
SBI BSE 100 ETFSBI BSE 100 ETF (Regular)
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 SBI BSE 100 ETF: 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) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | −2.72% | −9.05% |
| Standard deviation | 6.06% | 13.91% |
| Sharpe ratio | -1.32 | -1.03 |
| Sortino ratio | -1.73 | -1.36 |
| Maximum drawdown | −6.2% (02-04-2026) | −15.0% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.16% |
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) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +7.19% | +8.78% |
| Standard deviation | 5.53% | 13.55% |
| Sharpe ratio | 0.21 | 0.20 |
| Sortino ratio | 0.29 | 0.28 |
| Maximum drawdown | −7.0% (04-03-2025) | −16.7% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.18% |
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) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +5.76% | +7.62% |
| Standard deviation | 5.54% | 13.90% |
| Sharpe ratio | -0.01 | 0.13 |
| Sortino ratio | -0.01 | 0.18 |
| Maximum drawdown | −8.5% (17-06-2022) | −16.7% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.17% |
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) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +8.22% | +10.40% |
| Standard deviation | 6.30% | 15.99% |
| Sharpe ratio | 0.49 | 0.30 |
| Sortino ratio | 0.66 | 0.40 |
| Maximum drawdown | −12.7% (23-03-2020) | −38.2% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.44% |
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)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
| 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% |
| SBI BSE 100 ETF (Regular) | −38.2% | 17-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −10.6% |
| BSE 100 TRI | −38.0% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.4% |
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)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
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)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
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)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Retirement Fund - Conservative Plan (Direct) | 44% | 30% | 12.56% |
| SBI BSE 100 ETF (Regular) | 100% | 100% | 0.07% |
From month-end values since 27-12-2019. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis Retirement Fund - Conservative Plan vs SBI BSE 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Retirement Fund - Conservative Plan, September 2026; SBI BSE 100 ETF, September 2026
Holdings in common
- Overlap
- 27.4%
- Held by both
- 24
- Only in Axis Retirement Fund - Conservative Plan
- 11
- Only in SBI BSE 100 ETF
- 76
| Security | % of Axis Retirement Fund - Conservative Plan | % of SBI BSE 100 ETF |
|---|---|---|
| Reliance Industries Limited | 4.49% | 6.01% |
| Bharti Airtel Limited | 2.29% | 4.18% |
| Infosys Limited | 2.13% | 2.68% |
| State Bank of India | 2.13% | 3.04% |
| HDFC Bank Limited | 1.95% | 8.26% |
| ICICI Bank Limited | 1.82% | 7.24% |
| ITC Limited | 1.33% | 1.94% |
| Kotak Mahindra Bank Limited | 1.25% | 2.34% |
| Mahindra & Mahindra Limited | 1.17% | 2.01% |
| Larsen & Toubro Limited | 1.13% | 3.35% |
| NTPC Limited | 1.06% | 1.17% |
| HCL Technologies Limited | 1.37% | 0.99% |
| Sun Pharmaceutical Industries Limited | 0.88% | 1.50% |
| Tech Mahindra Limited | 0.65% | 0.75% |
| Apollo Hospitals Enterprise Limited | 2.62% | 0.63% |
| Cipla Limited | 0.57% | 0.58% |
| Hero MotoCorp Limited | 1.50% | 0.51% |
| Varun Beverages Limited | 0.94% | 0.45% |
| Britannia Industries Limited | 0.69% | 0.43% |
| HDFC Life Insurance Company Limited | 0.49% | 0.42% |
| Info Edge (India) Limited | 0.49% | 0.36% |
| Tata Consultancy Services Limited | 0.36% | 1.58% |
| Hindustan Unilever Limited | 0.20% | 1.28% |
| Bajaj Finance Limited | 0.19% | 1.96% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.4% means 27.4% 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% |
| 7.34% Government of India (22/04/2064) | 15.53% |
| 7.1% Government of India (08/04/2034) | 8.93% |
| Indus Infra Trust | 1.92% |
| Life Insurance Corporation Of India | 1.74% |
Largest holdings only in SBI BSE 100 ETF
| Security | % of fund |
|---|---|
| Axis Bank Ltd. | 2.68% |
| Eternal Ltd. | 1.76% |
| Titan Company Ltd. | 1.43% |
| Maruti Suzuki India Ltd. | 1.18% |
| Tata Steel Ltd. | 1.16% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Retirement Fund - Conservative Plan | SBI BSE 100 ETF |
|---|---|---|
| Equity | 35.3% | 100.0% |
| Debt | 59.0% | 0.0% |
| Cash and others | 5.7% | 0.0% |
Market cap of stocks
| Market cap | Axis Retirement Fund - Conservative Plan | SBI BSE 100 ETF |
|---|---|---|
| Large Cap | 31.9% | 90.2% |
| Mid Cap | 2.9% | 9.7% |
| Small Cap | 0.5% | 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 - Conservative Plan | SBI BSE 100 ETF |
|---|---|---|
| Banks | 7.2% | 26.7% |
| IT - Software | 4.5% | 7.5% |
| Petroleum Products | 4.5% | 6.8% |
| Automobiles | 2.7% | 6.5% |
| Finance | 0.4% | 5.8% |
| Telecom - Services | 2.3% | 4.5% |
| Pharmaceuticals & Biotechnology | 2.6% | 3.9% |
| Healthcare Services | 2.8% | 1.1% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Retirement Fund - Conservative Plan vs SBI BSE 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Retirement Fund - Conservative Plan | SBI BSE 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.27% | Not available |
| Base expense ratio (Direct) | 1.07% | 0.00% |
| Total expense ratio (Regular) | 2.16% | 0.16% |
| Base expense ratio (Regular) | 1.83% | 0.12% |
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 - Conservative Plan vs SBI BSE 100 ETF: Frequently Asked Questions
What is the difference between Axis Retirement Fund - Conservative Plan and SBI BSE 100 ETF?
Axis Retirement Fund - Conservative Plan is a Solution fund, SBI BSE 100 ETF is a mutual fund, run by Axis Mutual Fund and SBI Mutual Fund. Their portfolios overlap 27.4%. Axis Retirement Fund - Conservative Plan charges 1.27% a year and SBI BSE 100 ETF 0.16%.
Which has given higher returns, Axis Retirement Fund - Conservative Plan or SBI BSE 100 ETF?
Over 1 year: Axis Retirement Fund - Conservative Plan −2.72%, SBI BSE 100 ETF −9.05%. Over 3 years: Axis Retirement Fund - Conservative Plan +7.19% a year, SBI BSE 100 ETF +8.78% a year. Over 5 years: Axis Retirement Fund - Conservative Plan +5.76% a year, SBI BSE 100 ETF +7.62% 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 SBI BSE 100 ETF?
SBI BSE 100 ETF charges less: 0.16% a year against 1.27%. These are the total expense ratios reported to AMFI.
How much do Axis Retirement Fund - Conservative Plan and SBI BSE 100 ETF overlap?
27.4%. They hold 24 of the same securities, the largest shared ones being RELIANCE, BHARTIARTL, INFY. From each fund's latest monthly portfolio.
Which is better for SIP, Axis Retirement Fund - Conservative Plan or SBI BSE 100 ETF?
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 ₹7,13,638 in SBI BSE 100 ETF (XIRR 6.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Retirement Fund - Conservative Plan and SBI BSE 100 ETF?
Yes. 27.4% of each fund's money sits in the same holdings, so some 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.