COMPARE
HDFC Retirement Fund - Hybrid-Debt Plan - Growth Option - Direct Plan vs ICICI Prudential Retirement Fund - Hybrid Conservative - Direct Plan - Growth Option
HDFC Retirement Fund - Hybrid-Debt Plan and ICICI Prudential Retirement Fund - Hybrid Conservative are both in the Retirement Fund category, from HDFC Asset Management Company Limited and ICICI Prudential Asset Management Company Limited respectively. ICICI Prudential Retirement Fund - Hybrid Conservative has posted a higher 3-year rolling CAGR. ICICI Prudential Retirement Fund - Hybrid Conservative has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
ICICI Prudential Retirement Fund - Hybrid Conservative has the lower direct-plan expense ratio, by 0.30 percentage points.
| HDFC Retirement Fund - Hybrid-Debt Plan - Growth Option - Direct Plan | ICICI Prudential Retirement Fund - Hybrid Conservative - Direct Plan - Growth Option | |
|---|---|---|
| Category | Retirement Fund | Retirement Fund |
| AMC | HDFC Asset Management Company Limited | ICICI Prudential Asset Management Company Limited |
| Benchmark | NIFTY 50 Hybrid Composite Debt 15:85 Index | NIFTY 50 Hybrid Composite Debt 15:85 Index |
| NAV | ₹24.3657 (2026-10-28) | ₹19.6899 (2026-10-28) |
| AUM | ₹139.314 Cr | ₹93.99 Cr |
| Expense Ratio (Direct) | 1.35% | 1.05% |
| Inception | 2016-02-05 | 2019-02-07 |
Returns
ICICI Prudential Retirement Fund - Hybrid Conservative leads on 3-year rolling CAGR (9.8% vs HDFC Retirement Fund - Hybrid-Debt Plan's 9.3%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
ICICI Prudential Retirement Fund - Hybrid Conservative has been the more volatile of the two by standard deviation.
Portfolio Analytics
HDFC Retirement Fund - Hybrid-Debt Plan 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.
| HDFC Retirement Fund - Hybrid-Debt Plan - Growth Option - Direct Plan | ICICI Prudential Retirement Fund - Hybrid Conservative - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 23.0094 | 11.4737 |
| P/B Ratio | 4.9243 | 3.84 |
| Dividend Yield | 1.1739% | 0.9478% |
| Active Share | - | - |
| Portfolio Turnover | - | - |
| YTM | - | 7.5689% |
| Duration (Macaulay) | - | 4.523 yrs |
Punji Fund Health Score
ICICI Prudential Retirement Fund - Hybrid Conservative has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, HDFC Retirement Fund - Hybrid-Debt Plan or ICICI Prudential Retirement Fund - Hybrid Conservative?
ICICI Prudential Retirement Fund - Hybrid Conservative's 3-year rolling CAGR of 9.8% is higher than HDFC Retirement Fund - Hybrid-Debt Plan's 9.3%. ICICI Prudential Retirement Fund - Hybrid Conservative sits in the 44th percentile of its category on this metric, versus the 33rd percentile for HDFC Retirement Fund - Hybrid-Debt Plan - 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, HDFC Retirement Fund - Hybrid-Debt Plan or ICICI Prudential Retirement Fund - Hybrid Conservative?
ICICI Prudential Retirement Fund - Hybrid Conservative's direct-plan expense ratio is 0.30 percentage points lower than HDFC Retirement Fund - Hybrid-Debt Plan'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, HDFC Retirement Fund - Hybrid-Debt Plan or ICICI Prudential Retirement Fund - Hybrid Conservative?
By standard deviation (a measure of how much a fund's returns swing around its own average), ICICI Prudential Retirement Fund - Hybrid Conservative has been more volatile than HDFC Retirement Fund - Hybrid-Debt Plan 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 (-0.26 for HDFC Retirement Fund - Hybrid-Debt Plan 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, HDFC Retirement Fund - Hybrid-Debt Plan or ICICI Prudential Retirement Fund - Hybrid Conservative?
HDFC Retirement Fund - Hybrid-Debt Plan has ₹139 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 fund has a longer track record, HDFC Retirement Fund - Hybrid-Debt Plan or ICICI Prudential Retirement Fund - Hybrid Conservative?
HDFC Retirement Fund - Hybrid-Debt Plan launched on 2016-02-05, making it older than ICICI Prudential Retirement Fund - Hybrid Conservative (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.