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Franklin India Retirement Fund - Direct - Growth vs ICICI Prudential Retirement Fund - Pure Equity - Direct Plan - Growth Option
Franklin India Retirement Fund and ICICI Prudential Retirement Fund - Pure Equity 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 - Pure Equity has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
ICICI Prudential Retirement Fund - Pure Equity has the lower direct-plan expense ratio, by 0.62 percentage points.
| Franklin India Retirement Fund - Direct - Growth | ICICI Prudential Retirement Fund - Pure Equity - 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 | Nifty 500 TRI |
| NAV | ₹235.2971 (2026-10-28) | ₹36.53 (2026-10-28) |
| AUM | ₹470.89 Cr | ₹2,064.909 Cr |
| Expense Ratio (Direct) | 1.51% | 0.89% |
| 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 - Pure Equity's 25.7%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
ICICI Prudential Retirement Fund - Pure Equity has been the more volatile of the two by standard deviation.
| Franklin India Retirement Fund - Direct - Growth | ICICI Prudential Retirement Fund - Pure Equity - Direct Plan - Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | -0.10 | 0.59 |
| 3Y Alpha | -0.703% | 8.174% |
| 3Y Std Deviation | 5.4753% | 15.9482% |
| 3Y Calmar Ratio | 1.11 | 0.98 |
Portfolio Analytics
ICICI Prudential Retirement Fund - Pure Equity carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Franklin India Retirement Fund - Direct - Growth | ICICI Prudential Retirement Fund - Pure Equity - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 26.1183 | 29.1874 |
| P/B Ratio | - | 13.9543 |
| Dividend Yield | 0.9332% | 1.1504% |
| Active Share | - | 67.99% |
| Portfolio Turnover | - | 41.8% |
| YTM | 8.1224% | - |
| Duration (Macaulay) | 0.24 yrs | - |
Punji Fund Health Score
ICICI Prudential Retirement Fund - Pure Equity 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 - Pure Equity?
Franklin India Retirement Fund's 3-year rolling CAGR of 9.7% is higher than ICICI Prudential Retirement Fund - Pure Equity's 25.7%. Franklin India Retirement Fund sits in the 41st percentile of its category on this metric, versus the 100th percentile for ICICI Prudential Retirement Fund - Pure Equity - 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 - Pure Equity?
ICICI Prudential Retirement Fund - Pure Equity's direct-plan expense ratio is 0.62 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 - Pure Equity?
By standard deviation (a measure of how much a fund's returns swing around its own average), ICICI Prudential Retirement Fund - Pure Equity 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 0.59 for ICICI Prudential Retirement Fund - Pure Equity) 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 - Pure Equity?
ICICI Prudential Retirement Fund - Pure Equity has ₹2,065 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 fund has a longer track record, Franklin India Retirement Fund or ICICI Prudential Retirement Fund - Pure Equity?
Franklin India Retirement Fund launched on 1997-03-31, making it older than ICICI Prudential Retirement Fund - Pure Equity (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.