COMPARE
ICICI Prudential Retirement Fund - Hybrid Conservative - Direct Plan - Growth Option vs Union Retirement Fund - Direct Plan - Growth Option
ICICI Prudential Retirement Fund - Hybrid Conservative and Union Retirement Fund are both in the Retirement Fund category, from ICICI Prudential Asset Management Company Limited and Union Asset Management Company Private 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 0.32 percentage points.
| ICICI Prudential Retirement Fund - Hybrid Conservative - Direct Plan - Growth Option | Union Retirement Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Retirement Fund | Retirement Fund |
| AMC | ICICI Prudential Asset Management Company Limited | Union Asset Management Company Private Limited |
| Benchmark | NIFTY 50 Hybrid Composite Debt 15:85 Index | BSE 500 TRI |
| NAV | ₹19.6899 (2026-10-28) | ₹16.37 (2026-10-28) |
| AUM | ₹93.99 Cr | ₹200.058 Cr |
| Expense Ratio (Direct) | 1.05% | 1.37% |
| Inception | 2019-02-07 | 2022-09-01 |
Returns
ICICI Prudential Retirement Fund - Hybrid Conservative leads on 3-year rolling CAGR (9.8% vs Union Retirement Fund's 18.0%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Union Retirement Fund has been the more volatile of the two by standard deviation.
Portfolio Analytics
ICICI Prudential Retirement Fund - Hybrid Conservative carries the higher portfolio YTM.
| ICICI Prudential Retirement Fund - Hybrid Conservative - Direct Plan - Growth Option | Union Retirement Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 11.4737 | 29.5478 |
| P/B Ratio | 3.84 | 7.6038 |
| Dividend Yield | 0.9478% | 0.744% |
| Active Share | - | 64.35% |
| Portfolio Turnover | - | 44% |
| YTM | 7.5689% | 5.3857% |
| Duration (Macaulay) | 4.523 yrs | - |
Punji Fund Health Score
Union Retirement Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, ICICI Prudential Retirement Fund - Hybrid Conservative or Union Retirement Fund?
ICICI Prudential Retirement Fund - Hybrid Conservative's 3-year rolling CAGR of 9.8% is higher than Union Retirement Fund's 18.0%. ICICI Prudential Retirement Fund - Hybrid Conservative sits in the 44th percentile of its category on this metric, versus the 89th percentile for Union 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, ICICI Prudential Retirement Fund - Hybrid Conservative or Union Retirement Fund?
ICICI Prudential Retirement Fund - Hybrid Conservative's direct-plan expense ratio is 0.32 percentage points lower than Union 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, ICICI Prudential Retirement Fund - Hybrid Conservative or Union Retirement Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Union 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 (0.33 for ICICI Prudential Retirement Fund - Hybrid Conservative vs 0.19 for Union Retirement 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 Retirement Fund - Hybrid Conservative or Union Retirement Fund?
Union Retirement Fund has ₹200 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), ICICI Prudential Retirement Fund - Hybrid Conservative or Union Retirement Fund?
ICICI Prudential Retirement Fund - Hybrid Conservative's portfolio YTM (7.5689%) is higher than Union Retirement 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 Retirement Fund - Hybrid Conservative or Union Retirement Fund?
ICICI Prudential Retirement Fund - Hybrid Conservative launched on 2019-02-07, making it older than Union Retirement Fund (launched 2022-09-01). 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.