COMPARE
ICICI Prudential Retirement Fund - Pure Equity - Direct Plan - Growth Option vs Union Retirement Fund - Direct Plan - Growth Option
ICICI Prudential Retirement Fund - Pure Equity 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 - 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 0.48 percentage points.
| ICICI Prudential Retirement Fund - Pure Equity - 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 500 TRI | BSE 500 TRI |
| NAV | ₹36.53 (2026-10-28) | ₹16.37 (2026-10-28) |
| AUM | ₹2,064.909 Cr | ₹200.058 Cr |
| Expense Ratio (Direct) | 0.89% | 1.37% |
| Inception | 2019-02-07 | 2022-09-01 |
Returns
ICICI Prudential Retirement Fund - Pure Equity leads on 3-year rolling CAGR (25.7% vs Union Retirement Fund's 18.0%) - 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
Union Retirement Fund 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 | Union Retirement Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 29.1874 | 29.5478 |
| P/B Ratio | 13.9543 | 7.6038 |
| Dividend Yield | 1.1504% | 0.744% |
| Active Share | 67.99% | 64.35% |
| Portfolio Turnover | 41.8% | 44% |
| YTM | - | 5.3857% |
| Duration (Macaulay) | - | - |
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 Union Retirement Fund?
ICICI Prudential Retirement Fund - Pure Equity's 3-year rolling CAGR of 25.7% is higher than Union Retirement Fund's 18.0%. ICICI Prudential Retirement Fund - Pure Equity sits in the 100th 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 - Pure Equity or Union Retirement Fund?
ICICI Prudential Retirement Fund - Pure Equity's direct-plan expense ratio is 0.48 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 - Pure Equity or Union Retirement Fund?
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 Union 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 (0.59 for ICICI Prudential Retirement Fund - Pure Equity 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 - Pure Equity or Union Retirement Fund?
ICICI Prudential Retirement Fund - Pure Equity has ₹2,065 Cr in assets under management, versus ₹200 Cr for Union 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, ICICI Prudential Retirement Fund - Pure Equity or Union Retirement Fund?
ICICI Prudential Retirement Fund - Pure Equity 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.