Rating : N/A

Axis Retirement Savings Fund - Conservative Plan Direct Growth

Hybrid

  

Retirement Fund

NAV

11.2694 +0.0333

(as on 27 Nov, 2020)

RETURNS

NA

Fund Type

Open Ended

Investment Plan

Growth

Investment Plan

0%

Benchmark

NIFTY 50 Hybrid Shrt Dur Dbt 25:75

Asset Size

103.16 Cr.

(As of 31 Oct, 2020)

Risk

Moderately High

Objective

The investment objective of the Investment Plan(s) under the Scheme is to provide long-term capital appreciation / income by investing in a mix of equity, debt and other instruments to help investors meet their retirement goals. However, there can be no assurance that the investment objective of the Scheme will be achieved. To generate regular income through investments predominantly in debt and money market instruments and to generate long term capital appreciation by investing certain portion of the portfolio in equity and equity related securities. The Investment Plan may also invest in units of Gold ETF or units of REITs & InvITs for income generation / wealth creation.

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Fund manager

R Sivakumar

Exit load

N / A

(If redeemed within 1825 days)

Minimum sip

₹1000

Minimum investment

₹5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

6.8% Govt Stock 2060

9.88%

National Highways Authority of India

9.38%

Power Finance Corporation Limited

9.29%

Rural Electrification Corporation Limited

9.27%

Sector Allocation

About the Scheme Type

For investors with a clear goal of having a corpus for their retirement phase, a Retirement Fund could be a good option. These come with a lock-in period of 5 years or until retirement, whichever is earlier. SEBI has purposefully mandated the lock-inso as to give impetus to long term saving as they also come with tax benefits. Also, there’s a pretty hefty exit load – 3 to 4%, in case of premature withdrawals. Given that they’re only been there since a few years, there are limited number of Retirement Funds today.

Ratings

This fund is rated 0 stars by Morning Star Ratings.

N/A

Overview of Axis Asset Management Company Limited

Axis Mutual Fund has grown strongly since the time it launched its first scheme in October 2009. The vision statement of Axis Mutual Fund has been to responsibly manage money and risks to help people feel financially secure and confident of a brighter and prosperous future. We attribute our success, thus far, to Axis Mutual Fund’s 3 founding principles

  • Long term wealth creation
  • Outside in (Customer) view
  • Long term relationship

Our product, sales and service strategy is entirely guided by this. We, at Axis Mutual Fund, aim to provide quality financial and investment solutions to help customers feel financially secure and confident of a brighter and prosperous future. We lay a strong emphasis on risk management and planning. We encourage our investors and our partners to take a holistic view which extends beyond mere investing surpluses to investing with an underlying dream, aspiration or goal.

Investment Philosophy of Axis Mutual Fund:

  • Business to be built on three pillars
    • Outside-in View
    • Investor at the heart of every single decision
    • Communication in investor’s language, not in ours
  • Enduring Wealth Creation
    • Playing a serious and credible role in investor’s money basket
    • Encouraging investors to build a long-term perspective of the mutual fund category
  • Long-term Relationships
    • Outside-in View
    • Aiming at building relationships rather than being transactional