COMPARE
Bandhan Retirement Fund - Direct Plan - Growth vs ICICI Prudential Retirement Fund - Hybrid Conservative - Direct Plan - Growth Option
Bandhan Retirement Fund and ICICI Prudential Retirement Fund - Hybrid Conservative are both in the Retirement Fund category, from Bandhan AMC Limited and ICICI Prudential Asset Management Company Limited respectively. ICICI Prudential Retirement Fund - Hybrid Conservative has posted a higher 3-year rolling CAGR. Bandhan Retirement Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Bandhan Retirement Fund has the lower direct-plan expense ratio, by 0.09 percentage points.
| Bandhan Retirement Fund - Direct Plan - Growth | ICICI Prudential Retirement Fund - Hybrid Conservative - Direct Plan - Growth Option | |
|---|---|---|
| Category | Retirement Fund | Retirement Fund |
| AMC | Bandhan AMC Limited | ICICI Prudential Asset Management Company Limited |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | NIFTY 50 Hybrid Composite Debt 15:85 Index |
| NAV | ₹12.658 (2026-10-28) | ₹19.6899 (2026-10-28) |
| AUM | ₹173.751 Cr | ₹93.99 Cr |
| Expense Ratio (Direct) | 0.96% | 1.05% |
| Inception | 2023-09-28 | 2019-02-07 |
Returns
ICICI Prudential Retirement Fund - Hybrid Conservative leads on 3-year rolling CAGR (9.8% vs Bandhan Retirement Fund's 8.7%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Bandhan Retirement Fund has been the more volatile of the two by standard deviation.
Portfolio Analytics
Bandhan Retirement Fund carries the higher portfolio YTM.
| Bandhan Retirement Fund - Direct Plan - Growth | ICICI Prudential Retirement Fund - Hybrid Conservative - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 23.4329 | 11.4737 |
| P/B Ratio | 6.656 | 3.84 |
| Dividend Yield | 1.3386% | 0.9478% |
| Active Share | - | - |
| Portfolio Turnover | 17% | - |
| YTM | 7.8% | 7.5689% |
| Duration (Macaulay) | 8.61 yrs | 4.523 yrs |
Punji Fund Health Score
Bandhan Retirement Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Bandhan Retirement Fund or ICICI Prudential Retirement Fund - Hybrid Conservative?
ICICI Prudential Retirement Fund - Hybrid Conservative's 3-year rolling CAGR of 9.8% is higher than Bandhan Retirement Fund's 8.7%. ICICI Prudential Retirement Fund - Hybrid Conservative sits in the 44th percentile of its category on this metric, versus the 22nd percentile for Bandhan Retirement Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Bandhan Retirement Fund or ICICI Prudential Retirement Fund - Hybrid Conservative?
Bandhan Retirement Fund's direct-plan expense ratio is 0.09 percentage points lower than ICICI Prudential Retirement Fund - Hybrid Conservative's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Bandhan Retirement Fund or ICICI Prudential Retirement Fund - Hybrid Conservative?
By standard deviation (a measure of how much a fund's returns swing around its own average), Bandhan Retirement Fund has been more volatile than ICICI Prudential Retirement Fund - Hybrid Conservative over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.14 for Bandhan Retirement Fund vs 0.33 for ICICI Prudential Retirement Fund - Hybrid Conservative) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Bandhan Retirement Fund or ICICI Prudential Retirement Fund - Hybrid Conservative?
Bandhan Retirement Fund has ₹174 Cr in assets under management, versus ₹94 Cr for ICICI Prudential Retirement Fund - Hybrid Conservative. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which has a higher yield to maturity (YTM), Bandhan Retirement Fund or ICICI Prudential Retirement Fund - Hybrid Conservative?
Bandhan Retirement Fund's portfolio YTM (7.8%) is higher than ICICI Prudential Retirement Fund - Hybrid Conservative's. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which has longer duration (more interest-rate sensitivity), Bandhan Retirement Fund or ICICI Prudential Retirement Fund - Hybrid Conservative?
Bandhan Retirement Fund has the longer Macaulay duration of the two, meaning its NAV is more sensitive to interest-rate changes - a longer-duration debt fund tends to gain more when rates fall and lose more when rates rise, compared to a shorter-duration fund. Duration is expressed in years but isn't literally about how long you hold the fund; it's a measure of price sensitivity to rate moves. If you expect rates to fall, the longer-duration fund benefits more; if you expect rates to rise or want to minimize that swing, the shorter-duration fund is the more conservative pick.
Which fund has a longer track record, Bandhan Retirement Fund or ICICI Prudential Retirement Fund - Hybrid Conservative?
ICICI Prudential Retirement Fund - Hybrid Conservative launched on 2019-02-07, making it older than Bandhan Retirement Fund (launched 2023-09-28). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.