COMPARE
ICICI Prudential Conservative Hybrid Fund - Direct Plan - Growth vs Kotak Conservative Hybrid Fund - Growth - Direct
ICICI Prudential Conservative Hybrid Fund and Kotak Conservative Hybrid Fund are both in the Conservative Hybrid Fund category, from ICICI Prudential Asset Management Company Limited and Kotak Mahindra Asset Management Company Limited. respectively. Kotak Conservative Hybrid Fund has posted a higher 3-year rolling CAGR. Kotak Conservative Hybrid Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Kotak Conservative Hybrid Fund has the lower direct-plan expense ratio, by 0.43 percentage points.
| ICICI Prudential Conservative Hybrid Fund - Direct Plan - Growth | Kotak Conservative Hybrid Fund - Growth - Direct | |
|---|---|---|
| Category | Conservative Hybrid Fund | Conservative Hybrid Fund |
| AMC | ICICI Prudential Asset Management Company Limited | Kotak Mahindra Asset Management Company Limited. |
| Benchmark | NIFTY 50 Hybrid Composite Debt 15:85 Index | CRISIL Hybrid 85+15 - Conservative Index |
| NAV | ₹86.289 (2026-10-28) | ₹68.5352 (2026-10-28) |
| AUM | ₹3,221.968 Cr | ₹2,606.32 Cr |
| Expense Ratio (Direct) | 1.04% | 0.6114% |
| Inception | 2004-03-30 | 2003-12-02 |
Returns
Kotak Conservative Hybrid Fund leads on 3-year rolling CAGR (11.4% vs ICICI Prudential Conservative Hybrid Fund's 10.4%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Kotak Conservative Hybrid Fund has been the more volatile of the two by standard deviation.
Portfolio Analytics
ICICI Prudential Conservative Hybrid Fund carries the higher portfolio YTM.
Punji Fund Health Score
ICICI Prudential Conservative Hybrid Fund and Kotak Conservative Hybrid Fund carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, ICICI Prudential Conservative Hybrid Fund or Kotak Conservative Hybrid Fund?
Kotak Conservative Hybrid Fund's 3-year rolling CAGR of 11.4% is higher than ICICI Prudential Conservative Hybrid Fund's 10.4%. Kotak Conservative Hybrid Fund sits in the 95th percentile of its category on this metric, versus the 86th percentile for ICICI Prudential Conservative Hybrid 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, ICICI Prudential Conservative Hybrid Fund or Kotak Conservative Hybrid Fund?
Kotak Conservative Hybrid Fund's direct-plan expense ratio is 0.43 percentage points lower than ICICI Prudential Conservative Hybrid 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, ICICI Prudential Conservative Hybrid Fund or Kotak Conservative Hybrid Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Kotak Conservative Hybrid Fund has been more volatile than ICICI Prudential Conservative Hybrid 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 (0.31 for ICICI Prudential Conservative Hybrid Fund vs 0.15 for Kotak Conservative Hybrid Fund) 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, ICICI Prudential Conservative Hybrid Fund or Kotak Conservative Hybrid Fund?
ICICI Prudential Conservative Hybrid Fund has ₹3,222 Cr in assets under management, versus ₹2,606 Cr for Kotak Conservative Hybrid 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), ICICI Prudential Conservative Hybrid Fund or Kotak Conservative Hybrid Fund?
ICICI Prudential Conservative Hybrid Fund's portfolio YTM (8.3792%) is higher than Kotak Conservative Hybrid Fund'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 fund has a longer track record, ICICI Prudential Conservative Hybrid Fund or Kotak Conservative Hybrid Fund?
Kotak Conservative Hybrid Fund launched on 2003-12-02, making it older than ICICI Prudential Conservative Hybrid Fund (launched 2004-03-30). 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.