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Franklin India Retirement Fund - Direct - Growth vs ICICI Prudential Retirement Fund - Hybrid Aggressive - Direct Plan - Growth Option
Franklin India Retirement Fund and ICICI Prudential Retirement Fund - Hybrid Aggressive are both in the Retirement Fund category, from Franklin Templeton Asset Management (India) Private Limited and ICICI Prudential Asset Management Company Limited respectively. Franklin India Retirement Fund has posted a higher 3-year rolling CAGR. ICICI Prudential Retirement Fund - Hybrid Aggressive has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
ICICI Prudential Retirement Fund - Hybrid Aggressive has the lower direct-plan expense ratio, by 0.28 percentage points.
| Franklin India Retirement Fund - Direct - Growth | ICICI Prudential Retirement Fund - Hybrid Aggressive - Direct Plan - Growth Option | |
|---|---|---|
| Category | Retirement Fund | Retirement Fund |
| AMC | Franklin Templeton Asset Management (India) Private Limited | ICICI Prudential Asset Management Company Limited |
| Benchmark | CRISIL Short Term Debt Hybrid 60+40 Index | CRISIL Hybrid 35+65 - Aggressive Index |
| NAV | ₹235.2971 (2026-10-28) | ₹29.16 (2026-10-28) |
| AUM | ₹470.89 Cr | ₹1,223.544 Cr |
| Expense Ratio (Direct) | 1.51% | 1.23% |
| Inception | 1997-03-31 | 2019-02-07 |
Returns
Franklin India Retirement Fund leads on 3-year rolling CAGR (9.7% vs ICICI Prudential Retirement Fund - Hybrid Aggressive's 20.7%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
ICICI Prudential Retirement Fund - Hybrid Aggressive has been the more volatile of the two by standard deviation.
| Franklin India Retirement Fund - Direct - Growth | ICICI Prudential Retirement Fund - Hybrid Aggressive - Direct Plan - Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | -0.10 | 0.52 |
| 3Y Alpha | -0.703% | 6.3201% |
| 3Y Std Deviation | 5.4753% | 13.8114% |
| 3Y Calmar Ratio | 1.11 | 0.97 |
Portfolio Analytics
Franklin India Retirement Fund carries the higher portfolio YTM.
| Franklin India Retirement Fund - Direct - Growth | ICICI Prudential Retirement Fund - Hybrid Aggressive - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 26.1183 | - |
| P/B Ratio | - | - |
| Dividend Yield | 0.9332% | 0.87% |
| Active Share | - | - |
| Portfolio Turnover | - | - |
| YTM | 8.1224% | 7.8919% |
| Duration (Macaulay) | 0.24 yrs | 2.87 yrs |
Punji Fund Health Score
ICICI Prudential Retirement Fund - Hybrid Aggressive has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Franklin India Retirement Fund or ICICI Prudential Retirement Fund - Hybrid Aggressive?
Franklin India Retirement Fund's 3-year rolling CAGR of 9.7% is higher than ICICI Prudential Retirement Fund - Hybrid Aggressive's 20.7%. Franklin India Retirement Fund sits in the 41st percentile of its category on this metric, versus the 96th percentile for ICICI Prudential Retirement Fund - Hybrid Aggressive - 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, Franklin India Retirement Fund or ICICI Prudential Retirement Fund - Hybrid Aggressive?
ICICI Prudential Retirement Fund - Hybrid Aggressive's direct-plan expense ratio is 0.28 percentage points lower than Franklin India Retirement Fund'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, Franklin India Retirement Fund or ICICI Prudential Retirement Fund - Hybrid Aggressive?
By standard deviation (a measure of how much a fund's returns swing around its own average), ICICI Prudential Retirement Fund - Hybrid Aggressive has been more volatile than Franklin India Retirement Fund 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 (-0.10 for Franklin India Retirement Fund vs 0.52 for ICICI Prudential Retirement Fund - Hybrid Aggressive) 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, Franklin India Retirement Fund or ICICI Prudential Retirement Fund - Hybrid Aggressive?
ICICI Prudential Retirement Fund - Hybrid Aggressive has ₹1,224 Cr in assets under management, versus ₹471 Cr for Franklin India Retirement Fund. 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), Franklin India Retirement Fund or ICICI Prudential Retirement Fund - Hybrid Aggressive?
Franklin India Retirement Fund's portfolio YTM (8.1224%) is higher than ICICI Prudential Retirement Fund - Hybrid Aggressive'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), Franklin India Retirement Fund or ICICI Prudential Retirement Fund - Hybrid Aggressive?
ICICI Prudential Retirement Fund - Hybrid Aggressive 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, Franklin India Retirement Fund or ICICI Prudential Retirement Fund - Hybrid Aggressive?
Franklin India Retirement Fund launched on 1997-03-31, making it older than ICICI Prudential Retirement Fund - Hybrid Aggressive (launched 2019-02-07). 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.