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ICICI Prudential Retirement Fund Hybrid Conservative

Q: What is the NAV of ICICI Prudential Retirement Fund Hybrid Conservative?

As of 20 Aug 2026, the NAV of ICICI Prudential Retirement Fund Hybrid Conservative is ₹20.39 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Retirement Fund Hybrid Conservative delivered?

ICICI Prudential Retirement Fund Hybrid Conservative has returned +7.48% over 1 year, +10.96% per year over 3 years, +9.27% per year over 5 years and +9.99% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of ICICI Prudential Retirement Fund Hybrid Conservative?

ICICI Prudential Retirement Fund Hybrid Conservative charges an expense ratio of 1.06% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ICICI Prudential Retirement Fund Hybrid Conservative?

Its largest holdings are GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100 (24.1%), GOVERNMENT OF INDIA 34238 GOI 22AP64 7.34 FV RS 100 (6.0%), HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED SERIES I 8.6 BD 12NV28 FVRS10LAC (5.3%), NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23I 7.62 LOA 31JN28 FVRS1LAC (5.2%) and REC LIMITED SR GOI - VIII 8.30 BD 25MR29 FVRS10LAC (4.3%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Retirement Fund Hybrid Conservative?

It is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.6% and its worst peak-to-trough fall in our sample was -10.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.97 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Retirement Fund Hybrid Conservative's 0.97 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of ICICI Prudential Retirement Fund Hybrid Conservative?

ICICI Prudential Retirement Fund Hybrid Conservative is benchmarked against the NIFTY 50 Hybrid Composite Debt 15:85 Conservative Index. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Retirement Fund Hybrid Conservative?

ICICI Prudential Retirement Fund Hybrid Conservative is managed by Darshil Dedhia and Rohit Lakhotia at ICICI Prudential.

Q: How is ICICI Prudential Retirement Fund Hybrid Conservative taxed?

ICICI Prudential Retirement Fund Hybrid Conservative is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

ICICI Prudential Mutual Fund · Best Retirement Mutual Funds

NAV

₹20.39

-0.09% 1D

as of 20 Aug 2026

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Performance

+7.60%CAGR

52-week rangePrev NAV ₹20.41

Latest ₹20.39

Low ₹18.7696th percentile of its 52-week rangeHigh ₹20.45

Scorecard

★★★★☆4/5 vs 28 Retirement Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Retirement Fund (same plan and option).

PerformanceAverage

3Y CAGR +10.96% · ranks 14 of 28 Retirement Funds

RiskLow

Volatility 4.6% vs 9.2% category avg

CostAverage

1.1% expense vs 1.1% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

1-year return (+7.48%) beats the Retirement Fund average (+4.81%)
Stronger risk-adjusted returns — Sharpe 0.97 vs 0.41 Retirement Fund average
Less volatile than its Retirement Fund peers (4.6% vs 9.2%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

3-year return (+10.96%) trails the Retirement Fund average (+11.66%)
5-year return (+9.27%) trails the Retirement Fund average (+10.55%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 1.12%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

Category 25.17

Excess return per unit of total volatility (rf = 6.5%)

0.97

Category 0.41▲0.56

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

28 Feb 2019

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+1.14%

Absolute return over the last 3 months (not annualized)

+3.83%

Absolute return over the last 6 months (not annualized)

+3.16%

Absolute return since 1 Jan of this year (not annualized)

+3.58%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+7.48%

3-year annualized return (CAGR)

+10.96%

5-year annualized return (CAGR)

+9.27%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the fund's inception

+9.99%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

4.61%

Excess return per unit of total volatility (rf = 6.5%)

0.97

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

1.33

Largest peak-to-trough decline over full history

-10.16%

Benchmark ratios (vs Nifty 500 · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500

2.35%

Sensitivity to Nifty 500 moves; 1 = moves with the index

0.27

How much of the fund's movement Nifty 500 explains

89.5%

Excess return per unit of beta (market risk)

15.15

Active return over the benchmark per unit of tracking error

-0.08

Annualized std dev of fund-minus-benchmark returns

11.17%

Fund's share of benchmark gains in up months (100 = matches index)

46.4%

Fund's share of benchmark losses in down months (lower is better)

12.7%

Computed vs the Nifty 500 price index — the closest match to this fund's mandate. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Retirement Fund)

Period	Fund	Category avg.	Diff
1M abs	+1.14%	+1.31%	-0.17%
3M abs	+3.83%	+5.07%	-1.24%
6M abs	+3.16%	+3.45%	-0.29%
1Y CAGR	+7.48%	+4.81%	+2.67%
3Y CAGR	+10.96%	+11.66%	-0.70%
5Y CAGR	+9.27%	+10.55%	-1.28%

Category average across peers in Retirement Fund (up to 28 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 28 peers in Retirement Fund

1Y return

+7.48%

Beats 78.6% · rank #7

3Y return

+10.96%

Beats 48% · rank #14

5Y return

+9.27%

Beats 45.8% · rank #14

Sharpe

0.97

Beats 92.9% · rank #3

Sortino

1.33

Beats 92.9% · rank #3

Rolling returns

Return for every possible 1Y holding period, not just today’s

This fundNifty 500

Average

+10.1%

Median

+9.6%

Best

+20.9%

Worst

+0.8%

Positive periods

100.0%

78 overlapping 1Y windows, sampled monthly across the fund’s history.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-10.2%14 Feb 2020 → 23 Mar 2020
Fell over 38 days, back to the old high on 22 Jun 2020 — 3 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500	Diff
2026part	+3.70%	-1.50%	+5.20%
2025	+10.28%	+6.69%	+3.59%
2024	+10.96%	+15.16%	-4.20%
2023	+16.28%	+25.76%	-9.48%
2022	+2.70%	+3.02%	-0.32%
2021	+8.85%	+30.19%	-21.34%
2020	+13.63%	+16.67%	-3.04%
2019part	+8.69%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

Fund size over time

Quarterly average AUM · AMFI

₹91.73Cr

April - June 2026

+1%

since January - March 2026

At or near its largest, ₹91.73Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.68L

Absolute

+27.97%

XIRR

+10.12%

Value vs. invested

60 monthly installments of ₹10,000 into ICICI Prudential Retirement Fund Hybrid Conservative, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

1,808

Expense ratio

AUM

Portfolio turnover

Exit load

P/E ratio

P/B ratio

Avg market cap

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Retirement Fund

Compare all


ICICI Prudential Retirement Fund Hybrid ConservativeThis fund ICICI Prudential	★★★★☆	+7.48%	+10.96%	+9.27%	—	1.06%	₹91.73Cr
ICICI Prudential Retirement Fund Pure Equity ICICI Prudential	★★★★★	+10.47%	+22.59%	+21.22%	28.33	0.87%	₹1,884Cr
ICICI Prudential Retirement Fund Hybrid Aggressive ICICI Prudential	★★★★★	+10.97%	+20.11%	+16.71%	29.33	1.18%	₹1,173Cr
Aditya Birla Sun Life Retirement Fund-The 30s Aditya Birla Sun Life	★★★☆☆	+15.64%	+17.79%	+13.89%	29.50	1.35%	₹434.17Cr
Union Retirement Fund Union	★★★★☆	+8.42%	+15.52%	—	25.55	1.39%	₹197.16Cr
Tata Retirement Savings Fund-Progressive Tata	★★★★☆	+8.38%	+15.50%	+12.64%	30.26	0.82%	₹2,087Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap63.7%
Mid cap18.0%
Small cap18.3%

ICICI Prudential in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

Frequently asked questions

What is the NAV of ICICI Prudential Retirement Fund Hybrid Conservative?

As of 20 Aug 2026, the NAV of ICICI Prudential Retirement Fund Hybrid Conservative is ₹20.39 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Retirement Fund Hybrid Conservative delivered?

ICICI Prudential Retirement Fund Hybrid Conservative has returned +7.48% over 1 year, +10.96% per year over 3 years, +9.27% per year over 5 years and +9.99% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of ICICI Prudential Retirement Fund Hybrid Conservative?

ICICI Prudential Retirement Fund Hybrid Conservative charges an expense ratio of 1.06% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of ICICI Prudential Retirement Fund Hybrid Conservative?

Its largest holdings are GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100 (24.1%), GOVERNMENT OF INDIA 34238 GOI 22AP64 7.34 FV RS 100 (6.0%), HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED SERIES I 8.6 BD 12NV28 FVRS10LAC (5.3%), NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23I 7.62 LOA 31JN28 FVRS1LAC (5.2%) and REC LIMITED SR GOI - VIII 8.30 BD 25MR29 FVRS10LAC (4.3%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Retirement Fund Hybrid Conservative?

It is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.6% and its worst peak-to-trough fall in our sample was -10.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.97 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Retirement Fund Hybrid Conservative's 0.97 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of ICICI Prudential Retirement Fund Hybrid Conservative?

ICICI Prudential Retirement Fund Hybrid Conservative is benchmarked against the NIFTY 50 Hybrid Composite Debt 15:85 Conservative Index. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Retirement Fund Hybrid Conservative?

ICICI Prudential Retirement Fund Hybrid Conservative is managed by Darshil Dedhia and Rohit Lakhotia at ICICI Prudential.

How is ICICI Prudential Retirement Fund Hybrid Conservative taxed?

ICICI Prudential Retirement Fund Hybrid Conservative is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.