Axis Retirement Fund - Dynamic Plan vs Axis Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Retirement Fund - Dynamic Plan is a Solution fund and Axis Value Fund is a Value and Contra fund. In the 3 years to 30-10-2026, Axis Retirement Fund - Dynamic Plan (Direct) returned 11.6% a year and Axis Value Fund (Direct) returned 17.7% a year. Axis Retirement Fund - Dynamic Plan charges 1.34% a year and Axis Value Fund 0.88% (Direct plans). Their portfolios overlap 51.3%: they hold 51 of the same securities.
Axis Retirement Fund - Dynamic Plan
Solution
- 3 year return
- 11.6%
- Expense ratio
- 1.34%
- NAV
- ₹20.94
Which is better, Axis Retirement Fund - Dynamic Plan or Axis Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Value returned more over 5 years: 14.9% a year against 7.1%.
- Axis Value returned more over 3 years: 17.7% a year against 11.6%.
- Axis Value costs less: 0.88% a year against 1.34% (Direct plans).
- Axis Retirement Fund - Dynamic Plan swung less over 3 years: a standard deviation of 11.9% a year against 14.0%.
- Axis Retirement Fund - Dynamic Plan fell less in its worst fall since 28-09-2021: −17.1% against −20.2%.
- Axis Value is the larger fund: ₹1,836 Cr against ₹269 Cr.
- Their portfolios overlap 51.3%: 51 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 - Dynamic Plan | Axis Value Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Axis Mutual Fund |
| Category | Solution | Value and Contra |
| AUM | ₹269 Cr (30-09-2026) | ₹1,836 Cr (30-09-2026) |
| NAV | ₹20.94 (Direct) | ₹20.68 (Direct) |
| Expense ratio (Direct) | 1.34% | 0.88% |
| Expense ratio (Regular) | 2.56% | 2.22% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | Nifty 500 TRI |
| Launch date | 20-12-2019 | 22-09-2021 |
| 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 | Nitin Arora, Krishnaa N |
| Exit load | Nil | Exit Load for units in excess of 20% of the investment,1% will be charged for redemption within 12 months. |
Axis Retirement Fund - Dynamic Plan vs Axis Value: 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 - Dynamic Plan (Direct) | −0.19% | −3.46% | +0.53% | −5.38% | +11.61% | +7.14% | -- |
| Axis Value Fund (Direct) | −0.67% | −2.13% | +3.50% | +1.22% | +17.74% | +14.91% | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | -- |
Category average: the average of the 30 Value and Contra funds, same plan type.
Axis Retirement Fund - Dynamic Plan vs Axis Value: Year-wise Returns
| Year | Retirement Fund - Dynamic PlanAxis Retirement Fund - Dynamic Plan | ValueAxis Value |
|---|---|---|
| 2026to date | −4.38% | +0.88% |
| 2025 | +2.77% | +6.44% |
| 2024 | +25.87% | +29.70% |
| 2023 | +22.15% | +42.11% |
| 2022 | −4.81% | +0.48% |
| 2021 | +21.33% | -- |
Axis Retirement Fund - Dynamic Plan vs Axis Value: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Axis Value Fund
Rolling returns
Every 3-year holding period, 520 of them, one for each trading day from 30-09-2024 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 - Dynamic Plan (Direct)
Axis Value Fund (Direct)
Nifty 500 TRI
to
Nov 2024Apr 2022
to
Apr 2025Aug 2022
to
Aug 2025Dec 2022
to
Dec 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 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 - Dynamic Plan | 0.0 | 0.0 | 0.0 | 63.1 | 36.9 | 0.0 | 0.0 | 14.5% | 14.2% | 10.3% | 19.9% | 21% |
| Axis Value | 0.0 | 0.0 | 0.0 | 0.0 | 14.2 | 67.7 | 18.1 | 22.8% | 23.0% | 16.2% | 30.5% | 100% |
| Nifty 500 TRI | 0.0 | 0.0 | 3.7 | 36.7 | 54.0 | 5.6 | 0.0 | 15.3% | 15.4% | 8.8% | 22.3% | -- |
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 Nifty 500 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 28-09-2021. Past returns do not promise future returns.
Axis Retirement Fund - Dynamic Plan vs Axis Value: 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 01-09-2021 to 30-10-2026: 62 instalments, ₹6,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Retirement Fund - Dynamic PlanAxis Retirement Fund - Dynamic Plan (Direct) | ₹6,20,000 | ₹7,59,914 | ₹1,39,914 | 7.8% |
| Axis ValueAxis Value Fund (Direct) | ₹6,20,000 | ₹9,17,269 | ₹2,97,269 | 15.2% |
Axis Retirement Fund - Dynamic PlanAxis Retirement Fund - Dynamic Plan (Direct)
Axis ValueAxis Value 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 - Dynamic Plan vs Axis Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Retirement Fund - Dynamic Plan (Direct) | Axis Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.38% | +1.22% |
| Standard deviation | 12.40% | 14.09% |
| Sharpe ratio | -0.86 | -0.29 |
| Sortino ratio | -1.15 | -0.38 |
| Maximum drawdown | −13.3% (30-03-2026) | −12.1% (30-03-2026) |
| Beta | -- | 0.96 |
| Alpha | -- | +8.07% |
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 - Dynamic Plan (Direct) | Axis Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.61% | +17.74% |
| Standard deviation | 11.88% | 14.05% |
| Sharpe ratio | 0.47 | 0.83 |
| Sortino ratio | 0.64 | 1.13 |
| Maximum drawdown | −15.7% (28-02-2025) | −17.1% (28-02-2025) |
| Beta | -- | 0.96 |
| Alpha | -- | +7.70% |
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 - Dynamic Plan (Direct) | Axis Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.14% | +14.91% |
| Standard deviation | 11.11% | 14.32% |
| Sharpe ratio | 0.12 | 0.64 |
| Sortino ratio | 0.16 | 0.86 |
| Maximum drawdown | −17.1% (17-06-2022) | −20.2% (20-06-2022) |
| Beta | -- | 0.96 |
| Alpha | -- | +6.22% |
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 - Dynamic Plan (Direct) | Axis Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.39% | +15.35% |
| Standard deviation | 11.35% | 14.41% |
| Sharpe ratio | 0.55 | 0.67 |
| Sortino ratio | 0.75 | 0.90 |
| Maximum drawdown | −17.1% (17-06-2022) | −20.2% (20-06-2022) |
| Beta | -- | 0.96 |
| Alpha | -- | +6.80% |
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 - Dynamic Plan (Direct)
Axis Value Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Retirement Fund - Dynamic Plan (Direct) | −17.1% | 16-11-2021 | 17-06-2022 | 06-07-2023 | 13 months | −6.7% |
| Axis Value Fund (Direct) | −20.2% | 17-01-2022 | 20-06-2022 | 30-11-2022 | 5 months | −6.0% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 28-09-2021, 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 - Dynamic Plan (Direct)
Axis Value Fund (Direct)
Nifty 500 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 - Dynamic Plan (Direct)
Axis Value Fund (Direct)
Nifty 500 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 - Dynamic Plan (Direct)
Axis Value Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Retirement Fund - Dynamic Plan (Direct) | 84% | 84% | 5.02% |
| Axis Value Fund (Direct) | 115% | 87% | 4.00% |
From month-end values since 28-09-2021. 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 - Dynamic Plan vs Axis Value: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Retirement Fund - Dynamic Plan, September 2026; Axis Value Fund, September 2026
Holdings in common
- Overlap
- 51.3%
- Held by both
- 51
- Only in Axis Retirement Fund - Dynamic Plan
- 44
- Only in Axis Value
- 35
| Security | % of Axis Retirement Fund - Dynamic Plan | % of Axis Value |
|---|---|---|
| ICICI Bank Limited | 5.39% | 5.28% |
| HDFC Bank Limited | 5.05% | 4.54% |
| Reliance Industries Limited | 5.15% | 3.22% |
| Bharti Airtel Limited | 2.86% | 2.41% |
| State Bank of India | 2.12% | 2.19% |
| Larsen & Toubro Limited | 2.02% | 2.04% |
| Infosys Limited | 1.81% | 1.90% |
| Mahindra & Mahindra Limited | 2.14% | 1.74% |
| Apar Industries Limited | 1.79% | 1.47% |
| Bajaj Finance Limited | 1.70% | 1.45% |
| Minda Corporation Limited | 1.43% | 1.77% |
| Eternal Limited | 1.42% | 1.58% |
| Axis Bank Limited | 1.27% | 1.48% |
| Apollo Hospitals Enterprise Limited | 1.23% | 1.35% |
| NTPC Limited | 1.22% | 2.20% |
| PNB Housing Finance Limited | 1.22% | 1.41% |
| Kotak Mahindra Bank Limited | 2.26% | 1.19% |
| Sona BLW Precision Forgings Limited | 0.89% | 2.29% |
| Hindustan Aeronautics Limited | 1.00% | 0.87% |
| Shriram Finance Limited | 0.84% | 2.43% |
| Fortis Healthcare Limited | 0.84% | 0.84% |
| Sun Pharmaceutical Industries Limited | 0.81% | 1.69% |
| Vijaya Diagnostic Centre Limited | 1.79% | 0.80% |
| United Spirits Limited | 0.84% | 0.80% |
| Sansera Engineering Limited | 1.16% | 0.78% |
| Samvardhana Motherson International Limited | 0.76% | 0.89% |
| Premier Energies Limited | 0.75% | 1.10% |
| HDFC Life Insurance Company Limited | 0.79% | 0.66% |
| Ather Energy Limited | 0.55% | 1.11% |
| The Phoenix Mills Limited | 1.04% | 0.53% |
| Dixon Technologies (India) Limited | 0.82% | 0.46% |
| SBI Life Insurance Company Limited | 0.45% | 0.62% |
| RBL Bank Limited | 0.44% | 1.59% |
| Indus Towers Limited | 0.44% | 0.74% |
| Cholamandalam Investment and Finance Company Ltd | 0.43% | 0.70% |
| InterGlobe Aviation Limited | 0.85% | 0.42% |
| Piramal Pharma Limited | 0.42% | 0.40% |
| Tech Mahindra Limited | 0.40% | 1.64% |
| Varun Beverages Limited | 0.72% | 0.38% |
| Amber Enterprises India Limited | 0.37% | 0.73% |
| Bharat Electronics Limited | 0.31% | 1.17% |
| CG Power and Industrial Solutions Limited | 0.71% | 0.27% |
| Tata Steel Limited | 0.25% | 0.26% |
| Hindalco Industries Limited | 0.24% | 0.30% |
| GE Vernova T&D India Limited | 0.24% | 0.97% |
| Hyundai Motor India Ltd | 0.22% | 1.01% |
| Global Health Limited | 0.21% | 0.46% |
| ITC Limited | 0.34% | 0.19% |
| Cipla Limited | 0.56% | 0.15% |
| HCL Technologies Limited | 0.15% | 0.42% |
| Coforge Limited | 0.01% | 0.47% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 51.3% means 51.3% 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 - Dynamic Plan
| Security | % of fund |
|---|---|
| 7.3% Government of India (19/06/2053) | 5.36% |
| 7.25% Government of India (12/06/2063) | 2.80% |
| 7.18% Government of India (24/07/2037) | 1.85% |
| Divi's Laboratories Limited | 1.34% |
| Pidilite Industries Limited | 1.22% |
Largest holdings only in Axis Value Fund
| Security | % of fund |
|---|---|
| Welspun Corp Limited | 2.53% |
| Bharat Heavy Electricals Limited | 2.00% |
| Torrent Pharmaceuticals Limited | 1.81% |
| Multi Commodity Exchange of India Limited | 1.61% |
| City Union Bank Limited | 1.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Retirement Fund - Dynamic Plan | Axis Value |
|---|---|---|
| Equity | 78.8% | 93.0% |
| Debt | 10.9% | 0.0% |
| Cash and others | 10.3% | 7.0% |
Market cap of stocks
| Market cap | Axis Retirement Fund - Dynamic Plan | Axis Value |
|---|---|---|
| Large Cap | 51.7% | 57.1% |
| Mid Cap | 13.8% | 15.3% |
| Small Cap | 13.2% | 19.5% |
| Not on AMFI's list | 0.0% | 1.1% |
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 - Dynamic Plan | Axis Value |
|---|---|---|
| Banks | 16.5% | 21.4% |
| Electrical Equipment | 3.9% | 7.1% |
| Finance | 5.0% | 7.1% |
| Auto Components | 4.8% | 6.6% |
| Pharmaceuticals & Biotechnology | 5.3% | 5.6% |
| Automobiles | 3.1% | 5.5% |
| Petroleum Products | 5.2% | 4.1% |
| Healthcare Services | 4.1% | 4.3% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Retirement Fund - Dynamic Plan vs Axis Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Retirement Fund - Dynamic Plan | Axis Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.34% | 0.88% |
| Base expense ratio (Direct) | 1.07% | 0.60% |
| Total expense ratio (Regular) | 2.56% | 2.22% |
| Base expense ratio (Regular) | 2.10% | 1.78% |
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 - Dynamic Plan vs Axis Value Fund: Frequently Asked Questions
What is the difference between Axis Retirement Fund - Dynamic Plan and Axis Value Fund?
Axis Retirement Fund - Dynamic Plan is a Solution fund, Axis Value Fund is a Value and Contra fund, run by Axis Mutual Fund. Their portfolios overlap 51.3%. Axis Retirement Fund - Dynamic Plan charges 1.34% a year and Axis Value Fund 0.88%.
Which has given higher returns, Axis Retirement Fund - Dynamic Plan or Axis Value Fund?
Over 1 year: Axis Retirement Fund - Dynamic Plan −5.38%, Axis Value Fund +1.22%. Over 3 years: Axis Retirement Fund - Dynamic Plan +11.61% a year, Axis Value Fund +17.74% a year. Over 5 years: Axis Retirement Fund - Dynamic Plan +7.14% a year, Axis Value Fund +14.91% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Retirement Fund - Dynamic Plan or Axis Value Fund?
Axis Value Fund charges less: 0.88% a year against 1.34%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Retirement Fund - Dynamic Plan and Axis Value Fund overlap?
51.3%. They hold 51 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Axis Retirement Fund - Dynamic Plan or Axis Value Fund?
On SEBI's riskometer, Axis Retirement Fund - Dynamic Plan is rated Very High and Axis Value Fund Very High. Over 3 years, the standard deviation of daily returns was 11.88% and 14.05% a year.
Which is better for SIP, Axis Retirement Fund - Dynamic Plan or Axis Value Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,45,270 in Axis Retirement Fund - Dynamic Plan (XIRR 7.8% a year) and ₹8,96,589 in Axis Value Fund (XIRR 15.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Retirement Fund - Dynamic Plan and Axis Value Fund?
Yes. 51.3% 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 - Dynamic Plan and Axis Value Fund?
Axis Retirement Fund - Dynamic Plan: Jayesh Sundar, Devang Shah, Hardik Shah, Krishnaa N. Axis Value Fund: Nitin Arora, Krishnaa N.
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.