Axis Retirement Fund - Conservative Plan vs Franklin India Retirement Fund
Axis Retirement Fund - Conservative Plan and Franklin India Retirement Fund are both Retirement Funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +8.07% vs +7.94%, 5-year CAGR +6.27% vs +7.00%, volatility 7.05% vs 6.04%, maximum drawdown −12.73% vs −13.81%. Their portfolios overlap by 11.7% (11 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Axis Retirement Fund - Conservative Plan | Franklin India Retirement | |
|---|---|---|
| Fund house | Axis Mutual Fund | Franklin Templeton Mutual Fund |
| Compared as | Retirement Funds | Retirement Funds |
| NAV | ₹17.7023 | ₹241.4897 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 27 Dec 2019 | 1 Jan 2013 |
| Track record | 6.9 yrs | 13.8 yrs |
| Fund size (AUM) | ₹45 Cr | ₹479 Cr |
| Securities held | 35 | 63 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Axis Retirement Fund - Conservative Plan | Franklin India Retirement | |
|---|---|---|
| 1 month | +3.21% | +1.51% |
| 3 months | −0.76% | −0.87% |
| 6 months | +1.49% | +0.89% |
| 1 year | +0.27% | −0.81% |
| 3 years (CAGR) | +8.07% | +7.94% |
| 5 years (CAGR) | +6.27% | +7.00% |
| 7 years (CAGR) | — | +8.28% |
| 10 years (CAGR) | — | +7.93% |
| Since launch (CAGR) | +8.66% | +9.55% |
| SIP return (XIRR, 5 years) ⓘ | +6.42% | +6.68% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Axis Retirement Fund - Conservative Plan | Franklin India Retirement | |
|---|---|---|
| 2026 (year to date) | −1.01% | −0.84% |
| 2025 | +6.33% | +5.10% |
| 2024 | +13.10% | +13.46% |
| 2023 | +15.50% | +14.93% |
| 2022 | −2.64% | +4.34% |
| 2021 | +14.00% | +10.57% |
Risk
| Axis Retirement Fund - Conservative Plan | Franklin India Retirement | |
|---|---|---|
| Volatility (annualised) ⓘ | 7.05% | 6.04% |
| Downside volatility ⓘ | 5.27% | 4.44% |
| Sharpe ratio ⓘ | 0.23 | 0.24 |
| Sortino ratio ⓘ | 0.30 | 0.33 |
| Maximum drawdown ⓘ | −12.73% | −13.81% |
| Recovery from that fall | 3 months | 7 months |
| Current fall from peak | −1.26% | −1.43% |
| Rolling 1-year return: worst | −4.01% | −5.75% |
| Rolling 1-year return: median | +8.76% | +9.00% |
| Rolling 1-year return: best | +29.78% | +41.23% |
| Share of 1-year periods with a loss | 14.44% | 4.65% |
Against each fund's benchmark
| Axis Retirement Fund - Conservative Plan | Franklin India Retirement | |
|---|---|---|
| Beta ⓘ | 0.44 | 0.39 |
| Alpha (Jensen's, annualised) ⓘ | −0.49% | −0.31% |
| R² ⓘ | 86.01 | 89.75 |
| Upside capture | 55.84% | 51.64% |
| Downside capture | 41.98% | 34.88% |
| Tracking error | 8.69% | 9.22% |
| Information ratio | -0.15 | -0.13 |
| Treynor ratio | 1.58 | 2.06 |
Portfolio
Asset mix
| Axis Retirement Fund - Conservative Plan | Franklin India Retirement | |
|---|---|---|
| Debt | 59.02% | 56.87% |
| Equity | 37.20% | 35.12% |
| Cash & equivalents | 3.78% | 7.40% |
| Mutual Fund Units | 0.00% | 0.64% |
Market-cap split (share of fund assets)
| Axis Retirement Fund - Conservative Plan | Franklin India Retirement | |
|---|---|---|
| Large Cap | 31.87% | 20.89% |
| Mid Cap | 2.94% | 6.19% |
| Small Cap | 0.47% | 7.48% |
| Unclassified | 1.92% | 0.54% |
Concentration
| Axis Retirement Fund - Conservative Plan | Franklin India Retirement | |
|---|---|---|
| Top 10 holdings | 76.55% | 51.88% |
| Effective number of stocks ⓘ | 6.3 | 29.1 |
| Securities held | 35 | 63 |
Portfolio overlap: 11.7%
11 companies are held by both funds; by weight, 11.7% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Axis Retirement Fund - Conservative Plan | Franklin India Retirement |
|---|---|---|
| State Bank of India | 2.13% | 1.60% |
| ICICI Bank Limited | 1.82% | 1.60% |
| HDFC Bank Limited | 1.95% | 1.48% |
| Bharti Airtel Limited | 2.29% | 1.28% |
| Infosys Limited | 2.13% | 1.17% |
| Mahindra & Mahindra Limited | 1.17% | 1.17% |
| Larsen & Toubro Limited | 1.13% | 1.18% |
| Reliance Industries Limited | 4.49% | 0.87% |
| Britannia Industries Ltd. | 0.69% | 0.71% |
| Cipla Limited | 0.57% | 0.76% |
| Global Health Limited | 0.15% | 0.71% |
Top 10 holdings
Axis Retirement Fund - Conservative Plan
- 7.18% Government of India (24/07/2037)34.56%
- 7.34% GOI MAT 22046415.53%
- 7.1% Government of India (08/04/2034)8.93%
- Reliance Industries Limited4.49%
- Apollo Hospitals Enterprise Limited2.62%
- Bharti Airtel Limited2.29%
- Infosys Limited2.13%
- State Bank of India2.13%
- HDFC Bank Limited1.95%
- Indus Infra Trust1.92%
Franklin India Retirement
- 7.48% National Bank For Agriculture and Rural Development (15/09/2028)9.37%
- 0.00% Jubilant Bevco Ltd (31-May-2028)6.26%
- 7.68% Small Industries Development Bank Of India (10-Aug-2027)5.42%
- 7.90% Bajaj Housing Finance Ltd (28-Apr-2028)5.37%
- 7.70% Poonawalla Fincorp Ltd (21-Apr-2028)5.35%
- LIC Housing Finance Ltd.5.33%
- 7.03% National Bank for Financing Infrastructure and Development (08/04/2030)5.25%
- 0.00% Jubilant Beverages Ltd (31-May-2028)4.17%
- Canara Bank (30/11/2026)3.10%
- Bharti Telecom Ltd.2.27%
Sector exposure
| Axis Retirement Fund - Conservative Plan | Franklin India Retirement | |
|---|---|---|
| Sovereign | 59.02% | 0.00% |
| CRISIL AAA | 0.00% | 41.19% |
| CRISIL AA | 0.00% | 10.43% |
| Banks | 7.15% | 7.11% |
| IT - Software | 4.51% | 1.17% |
| Petroleum Products | 4.49% | 0.87% |
| CRISIL A1+ | 0.00% | 3.10% |
| Healthcare Services | 2.77% | 1.37% |
| Automobiles | 2.67% | 2.32% |
| Pharmaceuticals & Biotechnology | 2.56% | 1.93% |
| Telecom - Services | 2.29% | 1.28% |
| Insurance | 2.23% | 0.46% |
| SOVEREIGN | 0.00% | 2.15% |
| Transport Infrastructure | 1.92% | 0.00% |
Questions people ask
What is the difference between Axis Retirement Fund - Conservative Plan and Franklin India Retirement returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +0.27% vs −0.81%; 3-year CAGR +8.07% vs +7.94%; 5-year CAGR +6.27% vs +7.00%; 10-year CAGR — vs +7.93%. Past returns do not indicate future returns.
How do Axis Retirement Fund - Conservative Plan and Franklin India Retirement compare on risk?
Volatility (36 monthly returns, annualised) 7.05% vs 6.04%; Sharpe ratio 0.23 vs 0.24; Sortino ratio 0.30 vs 0.33; maximum drawdown −12.73% vs −13.81%; beta 0.44 vs 0.39.
How much do Axis Retirement Fund - Conservative Plan and Franklin India Retirement overlap?
By weight, 11.7% of the two portfolios is invested in the same companies; 11 stocks are held by both, the largest shared positions being State Bank of India, ICICI Bank Limited, HDFC Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Axis Retirement Fund - Conservative Plan and Franklin India Retirement?
Axis Retirement Fund - Conservative Plan: large cap 31.9%, mid cap 2.9%, small cap 0.5%. Franklin India Retirement: large cap 20.9%, mid cap 6.2%, small cap 7.5% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.