COMPARE
ICICI Prudential Retirement Fund - Pure Equity - Direct Plan - Growth Option vs SBI Retirement Benefit Fund - Conservative Hybrid Plan - Direct Plan - Growth
ICICI Prudential Retirement Fund - Pure Equity and SBI Retirement Benefit Fund - Conservative Hybrid Plan are both in the Retirement Fund category, from ICICI Prudential Asset Management Company Limited and SBI Funds Management Limited respectively. ICICI Prudential Retirement Fund - Pure Equity 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 0.38 percentage points.
| ICICI Prudential Retirement Fund - Pure Equity - Direct Plan - Growth Option | SBI Retirement Benefit Fund - Conservative Hybrid Plan - Direct Plan - Growth | |
|---|---|---|
| Category | Retirement Fund | Retirement Fund |
| AMC | ICICI Prudential Asset Management Company Limited | SBI Funds Management Limited |
| Benchmark | Nifty 500 TRI | CRISIL Hybrid 50+50 - Moderate Index |
| NAV | ₹36.53 (2026-10-28) | ₹15.9693 (2026-10-28) |
| AUM | ₹2,064.909 Cr | ₹242.783 Cr |
| Expense Ratio (Direct) | 0.89% | 1.27% |
| Inception | 2019-02-07 | 2021-01-20 |
Returns
ICICI Prudential Retirement Fund - Pure Equity leads on 3-year rolling CAGR (25.7% vs SBI Retirement Benefit Fund - Conservative Hybrid Plan's 10.5%) - 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.
Portfolio Analytics
SBI Retirement Benefit Fund - Conservative Hybrid 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.
| ICICI Prudential Retirement Fund - Pure Equity - Direct Plan - Growth Option | SBI Retirement Benefit Fund - Conservative Hybrid Plan - Direct Plan - Growth | |
|---|---|---|
| P/E Ratio | 29.1874 | 32.3796 |
| P/B Ratio | 13.9543 | 11.6103 |
| Dividend Yield | 1.1504% | 0.8122% |
| Active Share | 67.99% | - |
| Portfolio Turnover | 41.8% | - |
| YTM | - | 8.3728% |
| Duration (Macaulay) | - | 4.42 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, ICICI Prudential Retirement Fund - Pure Equity or SBI Retirement Benefit Fund - Conservative Hybrid Plan?
ICICI Prudential Retirement Fund - Pure Equity's 3-year rolling CAGR of 25.7% is higher than SBI Retirement Benefit Fund - Conservative Hybrid Plan's 10.5%. ICICI Prudential Retirement Fund - Pure Equity sits in the 100th percentile of its category on this metric, versus the 48th percentile for SBI Retirement Benefit Fund - Conservative Hybrid 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, ICICI Prudential Retirement Fund - Pure Equity or SBI Retirement Benefit Fund - Conservative Hybrid Plan?
ICICI Prudential Retirement Fund - Pure Equity's direct-plan expense ratio is 0.38 percentage points lower than SBI Retirement Benefit Fund - Conservative Hybrid 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, ICICI Prudential Retirement Fund - Pure Equity or SBI Retirement Benefit Fund - Conservative Hybrid Plan?
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 SBI Retirement Benefit Fund - Conservative Hybrid 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 (0.59 for ICICI Prudential Retirement Fund - Pure Equity vs -0.22 for SBI Retirement Benefit Fund - Conservative Hybrid Plan) 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 - Pure Equity or SBI Retirement Benefit Fund - Conservative Hybrid Plan?
ICICI Prudential Retirement Fund - Pure Equity has ₹2,065 Cr in assets under management, versus ₹243 Cr for SBI Retirement Benefit Fund - Conservative Hybrid Plan. 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, ICICI Prudential Retirement Fund - Pure Equity or SBI Retirement Benefit Fund - Conservative Hybrid Plan?
ICICI Prudential Retirement Fund - Pure Equity launched on 2019-02-07, making it older than SBI Retirement Benefit Fund - Conservative Hybrid Plan (launched 2021-01-20). 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.