Axis Retirement Fund - Conservative Plan vs Tata Retirement Savings Fund-Moderate Plan
Axis Retirement Fund - Conservative Plan and Tata Retirement Savings Fund-Moderate Plan are both Retirement Funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +8.09% vs +12.59%, 5-year CAGR +6.34% vs +10.43%, volatility 7.09% vs 14.35%, maximum drawdown −12.73% vs −29.64%. Their portfolios overlap by 10.9% (8 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 | Tata Retirement Savings Fund-Moderate Plan | |
|---|---|---|
| Fund house | Axis Mutual Fund | Tata Mutual Fund |
| Compared as | Retirement Funds | Retirement Funds |
| NAV | ₹17.7654 | ₹81.8094 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 27 Dec 2019 | 4 Jan 2013 |
| Track record | 6.9 yrs | 13.8 yrs |
| Fund size (AUM) | ₹45 Cr | ₹2,115 Cr |
| Securities held | 35 | 66 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Axis Retirement Fund - Conservative Plan | Tata Retirement Savings Fund-Moderate Plan | |
|---|---|---|
| 1 month | +3.86% | +3.44% |
| 3 months | −0.63% | −1.07% |
| 6 months | +2.22% | +3.38% |
| 1 year | +0.54% | +6.31% |
| 3 years (CAGR) | +8.09% | +12.59% |
| 5 years (CAGR) | +6.34% | +10.43% |
| 7 years (CAGR) | — | +13.19% |
| 10 years (CAGR) | — | +13.11% |
| Since launch (CAGR) | +8.71% | +14.79% |
| SIP return (XIRR, 5 years) ⓘ | +6.57% | +11.56% |
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 | Tata Retirement Savings Fund-Moderate Plan | |
|---|---|---|
| 2026 (year to date) | −0.65% | +5.06% |
| 2025 | +6.33% | +2.48% |
| 2024 | +13.10% | +21.22% |
| 2023 | +15.50% | +27.12% |
| 2022 | −2.64% | −0.46% |
| 2021 | +14.00% | +22.26% |
Risk
| Axis Retirement Fund - Conservative Plan | Tata Retirement Savings Fund-Moderate Plan | |
|---|---|---|
| Volatility (annualised) ⓘ | 7.09% | 14.35% |
| Downside volatility ⓘ | 5.27% | 9.47% |
| Sharpe ratio ⓘ | 0.22 | 0.42 |
| Sortino ratio ⓘ | 0.30 | 0.64 |
| Maximum drawdown ⓘ | −12.73% | −29.64% |
| Recovery from that fall | 3 months | 6 months |
| Current fall from peak | −0.91% | −2.36% |
| Rolling 1-year return: worst | −4.01% | −22.52% |
| Rolling 1-year return: median | +8.76% | +13.67% |
| Rolling 1-year return: best | +29.78% | +76.53% |
| Share of 1-year periods with a loss | 14.44% | 13.43% |
Against each fund's benchmark
| Axis Retirement Fund - Conservative Plan | Tata Retirement Savings Fund-Moderate Plan | |
|---|---|---|
| Beta ⓘ | 0.44 | 0.88 |
| Alpha (Jensen's, annualised) ⓘ | −0.49% | +2.64% |
| R² ⓘ | 86.01 | 82.97 |
| Upside capture | 55.84% | 98.42% |
| Downside capture | 41.98% | 81.83% |
| Tracking error | 8.69% | 6.18% |
| Information ratio | -0.15 | 0.42 |
| Treynor ratio | 1.58 | 5.18 |
Portfolio
Asset mix
| Axis Retirement Fund - Conservative Plan | Tata Retirement Savings Fund-Moderate Plan | |
|---|---|---|
| Debt | 59.02% | 14.06% |
| Equity | 37.20% | 79.08% |
| Cash & equivalents | 3.78% | 6.86% |
Market-cap split (share of fund assets)
| Axis Retirement Fund - Conservative Plan | Tata Retirement Savings Fund-Moderate Plan | |
|---|---|---|
| Large Cap | 31.87% | 43.08% |
| Mid Cap | 2.94% | 17.12% |
| Small Cap | 0.47% | 16.93% |
| Unclassified | 1.92% | 1.95% |
Concentration
| Axis Retirement Fund - Conservative Plan | Tata Retirement Savings Fund-Moderate Plan | |
|---|---|---|
| Top 10 holdings | 76.55% | 29.64% |
| Effective number of stocks ⓘ | 6.3 | 55.2 |
| Securities held | 35 | 66 |
Portfolio overlap: 10.9%
8 companies are held by both funds; by weight, 10.9% 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 | Tata Retirement Savings Fund-Moderate Plan |
|---|---|---|
| Reliance Industries Limited | 4.49% | 3.23% |
| ICICI Bank Limited | 1.82% | 4.27% |
| HCL Technologies Ltd. | 1.37% | 1.41% |
| Kotak Mahindra Bank Limited | 1.25% | 1.90% |
| Apollo Hospitals Enterprise Limited | 2.62% | 1.15% |
| Sun Pharmaceutical Industries Limited | 0.88% | 1.70% |
| Varun Beverages Limited | 0.94% | 0.85% |
| Tata Consultancy Services Limited | 0.36% | 0.79% |
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%
Tata Retirement Savings Fund-Moderate Plan
- Solar Industries India Limited4.74%
- ICICI Bank Limited4.27%
- Eternal Limited3.49%
- Reliance Industries Limited3.23%
- Multi Commodity Exchange of India Limited3.23%
- Radico Khaitan Limited2.60%
- 6.36% GOI 16-Feb-20312.09%
- Adani Ports and Special Economic Zone Limited2.07%
- 360 One WAM Limited1.97%
- Kirloskar Pneumatic Company Limited1.95%
Sector exposure
| Axis Retirement Fund - Conservative Plan | Tata Retirement Savings Fund-Moderate Plan | |
|---|---|---|
| Sovereign | 59.02% | 7.31% |
| Capital Markets | 0.00% | 9.90% |
| Banks | 7.15% | 9.06% |
| Chemicals & Petrochemicals | 0.00% | 4.74% |
| IT - Software | 4.51% | 2.72% |
| Petroleum Products | 4.49% | 3.23% |
| Industrial Products | 0.00% | 4.11% |
| Retailing | 0.49% | 3.49% |
| Beverages | 0.94% | 3.45% |
| Consumer Durables | 0.00% | 3.26% |
| Auto Components | 0.00% | 3.23% |
| Food Products | 0.69% | 3.12% |
| Financial Technology (Fintech) | 0.00% | 2.98% |
| Healthcare Services | 2.77% | 2.88% |
Questions people ask
What is the difference between Axis Retirement Fund - Conservative Plan and Tata Retirement Savings Fund-Moderate Plan returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +0.54% vs +6.31%; 3-year CAGR +8.09% vs +12.59%; 5-year CAGR +6.34% vs +10.43%; 10-year CAGR — vs +13.11%. Past returns do not indicate future returns.
How do Axis Retirement Fund - Conservative Plan and Tata Retirement Savings Fund-Moderate Plan compare on risk?
Volatility (36 monthly returns, annualised) 7.09% vs 14.35%; Sharpe ratio 0.22 vs 0.42; Sortino ratio 0.30 vs 0.64; maximum drawdown −12.73% vs −29.64%; beta 0.44 vs 0.88.
How much do Axis Retirement Fund - Conservative Plan and Tata Retirement Savings Fund-Moderate Plan overlap?
By weight, 10.9% of the two portfolios is invested in the same companies; 8 stocks are held by both, the largest shared positions being Reliance Industries Limited, ICICI Bank Limited, HCL Technologies Ltd.. 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 Tata Retirement Savings Fund-Moderate Plan?
Axis Retirement Fund - Conservative Plan: large cap 31.9%, mid cap 2.9%, small cap 0.5%. Tata Retirement Savings Fund-Moderate Plan: large cap 43.1%, mid cap 17.1%, small cap 16.9% (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 6 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.