ICICI Pru Retirement Fund-Hybrid Aggressive Direct Growth Plan Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
ICICI Pru Retirement Fund-Hybrid Aggressive Plan Direct Growth Plan is priced at ₹30.78 as of 15 September 2026, with scheme AUM of ₹1,320 Cr. Its 1-year, 3-year and 5-year returns are 5.77%, 16.4% and 14.68%, and it sits in the High Risk bucket. Our view is that this is a long-horizon solution-oriented fund for investors who can stay invested through equity-led swings and want a portfolio that has still compounded well over five years despite recent softness.
The fund’s benchmark is NIFTY 50, and the recent return pattern is weaker than the longer-term track. That makes it more suitable for investors who can tolerate volatility and are focused on retirement-style accumulation rather than short-term capital protection.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹30.78 as of 15 Sep 2026 |
| AUM | ₹1,320 Cr |
| Expense Ratio | 0.74% |
| Launch Date | 27 Feb 2019 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Solution Oriented |
| Exit Load | No exit load |
| Fund Managers | Manasvi Shah, Darshil Dedhia, Rohit Lakhotia |
The fund is managed by Manasvi Shah, Darshil Dedhia and Rohit Lakhotia.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -4.05% | -4.81% |
| 3M | -0.71% | -3.63% |
| 1Y | 5.77% | -8.27% |
| 3Y | 16.4% | 5.59% |
| 5Y | 14.68% | 5.58% |
Recent numbers show a choppy finish. The fund has slipped over the last month and quarter, although it has still done better than the benchmark in both time frames. That tells us the portfolio has not been immune to the latest market pullback, but it has cushioned the decline better than the NIFTY 50.
The 1-year result is more encouraging because the fund has stayed positive while the benchmark is negative. Even so, the gap between the 1-year and 3-year figures suggests returns have not been linear. For investors, that usually means the experience can feel uneven even when the longer path remains constructive.
Over 3 years and 5 years, the fund has clearly compounded ahead of the benchmark. The 3-year return of 16.4% is well above the benchmark’s 5.59%, and the 5-year return of 14.68% is also above the benchmark’s 5.58%. Our view is that the fund’s longer-term record is stronger than its recent patch, so the main question is whether an investor is comfortable with short-term drawdowns in exchange for a better multi-year outcome.
That mix is important for retirement planning. The fund’s pattern suggests it may suit investors who can tolerate interim volatility and who are judging the scheme over several years rather than over a few weak quarters.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD ICICI Pru Retirement Fund-Hybrid Aggressive Plan?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding ICICI Pru Retirement Fund-Hybrid Aggressive Plan? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Aditya Birla SL Retirement Fund-30 Direct Growth Plan | 11.24% | 14.92% | 11.8% |
| Tata Retirement Sav Fund – Prog Plan Direct Growth Plan | 7.73% | 12.85% | 11% |
| Tata Retirement Sav Fund – Mod Plan Direct Growth Plan | 7.39% | 12.13% | 10.87% |
| ICICI Pru Retirement Fund-Hybrid Aggressive Plan Direct Growth Plan | 5.77% | 16.4% | 14.68% |
| SBI Retirement Benefit Fund-Aggressive Hybrid Plan Direct Growth Plan | 5.21% | 9.02% | 11.33% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. In the recent 1-year window, the fund trails the stronger peer numbers shown by Aditya Birla SL Retirement Fund-30 and the two Tata retirement funds. The same pattern does not fully hold over longer periods, because this fund’s 3-year and 5-year returns are stronger than the peer group figures listed here.
That split matters. The fund looks softer on recent performance, but it stands out more clearly on multi-year compounding than most of the listed peers. So the short-term and longer-term comparisons tell different stories: one says momentum has cooled, while the other says the longer run has been stronger.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| TREPS | Cash & Cash Equivalents and Net Assets | 6.19% |
| Life Insurance Corporation of India | Insurance | 4.45% |
| Titan Company Ltd. | Diamond & Jewellery | 2.48% |
| Mahindra & Mahindra Ltd. | Automobile & Ancillaries | 2.34% |
| 9.31% Vedanta Ltd. | Corporate Debt | 2.29% |
| Samvardhana Motherson International Ltd. | Automobile & Ancillaries | 2.28% |
| HDFC Bank Ltd. | Bank | 2.2% |
| Indegene Ltd. | Business Services | 2.09% |
| Swiggy Ltd | Retailing | 2.01% |
| Reliance Industries Ltd. | Crude Oil | 1.87% |
The top 10 holdings account for approximately 28.2% of the portfolio.
To see all holdings, visit the ICICI Pru Retirement Fund-Hybrid Aggressive Plan Direct Growth Plan page
We see a modestly sized largest position in TREPS at 6.19%, which gives the portfolio some cash-like support but not enough to define the whole fund. The next few holdings are much smaller, with the tenth holding at 1.87%, so the weight drops fairly quickly after the top cash line and the first few equity names.
Because the top 10 together account for 28.2% across 67 disclosed holdings, the portfolio looks spread across a long tail rather than concentrated in only a handful of positions. That structure may reduce dependence on any single stock, while the listed holdings still could influence short-term returns because several positions sit in the 2% to 4% range.
Source data date: as of 15 Sep 2026
Who should invest
This fund suits investors who can tolerate High Risk and are comfortable with a retirement-oriented equity allocation that may move around in the short run. The 1-year return is modest, while the 3-year and 5-year figures are stronger, so the better fit is someone with a multi-year horizon rather than an investor who needs steady near-term outcomes.
The main trade-off is clear: you may accept recent volatility and benchmark weakness in exchange for stronger longer-term compounding. The portfolio is spread across many holdings, which may soften single-stock dependence, but the fund still carries enough equity exposure to demand patience through uneven market phases.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of ICICI Pru Retirement Fund-Hybrid Aggressive Plan Direct Growth Plan?
Its NAV is ₹30.78 as of 15 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The returns are 5.77% over 1 year, 16.4% over 3 years and 14.68% over 5 years.
How does it compare with the benchmark?
It has outperformed NIFTY 50 over 1 year, 3 years and 5 years. The benchmark figures are -8.27%, 5.59% and 5.58% for those same periods.
How does it compare with the listed peer funds on recent returns?
Its 1-year return is lower than Aditya Birla SL Retirement Fund-30 and the two Tata retirement funds listed here, but its 3-year and 5-year returns are stronger than the same peer set shown alongside it.
Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Manasvi Shah, Darshil Dedhia and Rohit Lakhotia. The exit load is nil.
Bottom line
This fund has a mixed recent-and-longer-term picture. The latest 1-year result is softer than its 3-year and 5-year track, yet the longer record remains ahead of the benchmark and stronger than the listed peers on multi-year numbers. The portfolio is fairly diversified across 67 disclosed holdings, with no single name dominating the entire fund. Our view is that it fits investors who can stay with a High Risk retirement-oriented scheme and who are more focused on long-term compounding than on smooth short-term returns.
Published on 16 September 2026 at 12:01 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.