{"id":249049,"date":"2026-09-16T12:00:38","date_gmt":"2026-09-16T06:30:38","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/icici-pru-retirement-fund-hybrid-cons-direct-growth-plan-review-2026\/"},"modified":"2026-09-16T12:00:38","modified_gmt":"2026-09-16T06:30:38","slug":"icici-pru-retirement-fund-hybrid-cons-direct-growth-plan-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/icici-pru-retirement-fund-hybrid-cons-direct-growth-plan-review-2026\/","title":{"rendered":"ICICI Pru Retirement Fund-Hybrid Cons Direct Growth Plan Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-retirement-fund-hybrid-cons-plan-g-direct-plan\">ICICI Pru Retirement Fund-Hybrid Cons Plan Direct Growth Plan<\/a> has a NAV of \u20b920.0805 as of 15 Sep 2026 and an AUM of \u20b997 Cr. Its 1-year, 3-year and 5-year returns are 5.21%, 9.5% and 8.61%, and the scheme sits in the Medium Risk category. Our view is that this is a solution-oriented retirement fund with a conservative-leaning structure, so the return pattern looks steadier than aggressive equity-led options, but still not strong enough to call it a high-momentum compounder.<\/p>\n<p>The 5-year number is reasonable, the 3-year figure is slightly better, and the 1-year return has been softer, which suggests recent weakness after a more stable longer run. The portfolio is anchored by government securities, cash-like holdings and debt exposure, so it may suit investors who want a long horizon and moderate risk rather than fast upside.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/icici-pru-retirement-fund-hybrid-cons-direct-growth-plan-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/icici-pru-retirement-fund-hybrid-cons-direct-growth-plan-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/icici-pru-retirement-fund-hybrid-cons-direct-growth-plan-review-2026\/#Should_you_BUY_or_HOLD_ICICI_Pru_Retirement_Fund-Hybrid_Cons_Plan\" title=\"Should you BUY or HOLD ICICI Pru Retirement Fund-Hybrid Cons Plan?\">Should you BUY or HOLD ICICI Pru Retirement Fund-Hybrid Cons Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/icici-pru-retirement-fund-hybrid-cons-direct-growth-plan-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/icici-pru-retirement-fund-hybrid-cons-direct-growth-plan-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/icici-pru-retirement-fund-hybrid-cons-direct-growth-plan-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/icici-pru-retirement-fund-hybrid-cons-direct-growth-plan-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/icici-pru-retirement-fund-hybrid-cons-direct-growth-plan-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/icici-pru-retirement-fund-hybrid-cons-direct-growth-plan-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/icici-pru-retirement-fund-hybrid-cons-direct-growth-plan-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/icici-pru-retirement-fund-hybrid-cons-direct-growth-plan-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b920.0805 as of 15 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b997 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.94%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>27 Feb 2019<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>Medium Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Solution Oriented<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>No exit load<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Manasvi Shah, Darshil Dedhia, Rohit Lakhotia<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Manasvi Shah, Darshil Dedhia, and Rohit Lakhotia.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>-1.65%<\/td>\n<td>-4.81%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>0.82%<\/td>\n<td>-3.63%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>5.21%<\/td>\n<td>-8.27%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>9.5%<\/td>\n<td>5.59%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>8.61%<\/td>\n<td>5.58%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>In the last month, the fund was negative, but it still held up better than the benchmark. The three-month return has turned mildly positive while the benchmark remained weaker, which tells us the fund has been more resilient in the shorter window even without showing strong upside.<\/p>\n<p>The 1-year picture is more useful for understanding the recent cycle. A 5.21% return versus the benchmark\u2019s -8.27% shows that the fund protected capital much better over that stretch, even though the absolute gain was modest. That is consistent with a portfolio built around government securities, debt and cash-like positions.<\/p>\n<p>Over 3 years and 5 years, the fund has compounded at 9.5% and 8.61%, both ahead of the benchmark\u2019s 5.59% and 5.58%. The longer record therefore looks healthier than the short-term patch, which suggests the fund has been able to deliver steady medium-term compounding without depending on sharp equity-like swings.<\/p>\n<p>The daily pattern through the recent periods also looks uneven rather than smooth. That matters because this is not a fund that seems to rely on one-way momentum; instead, it has moved through phases of modest gains and occasional pullbacks. For a retirement-oriented structure, that behaviour is not unusual, but it does mean investors should judge it on consistency over several years rather than on a single quarter.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_ICICI_Pru_Retirement_Fund-Hybrid_Cons_Plan\"><\/span>Should you BUY or HOLD ICICI Pru Retirement Fund-Hybrid Cons Plan?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>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.<\/p>\n<p><strong>Already holding ICICI Pru Retirement Fund-Hybrid Cons Plan? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-retirement-fund-hybrid-cons-plan-g-direct-plan\">ICICI Pru Retirement Fund-Hybrid Cons Plan Direct Growth Plan<\/a><\/td>\n<td>5.21%<\/td>\n<td>9.5%<\/td>\n<td>8.61%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/aditya-birla-sl-retirement-fund-30-g-direct-plan\">Aditya Birla SL Retirement Fund-30 Direct Growth Plan<\/a><\/td>\n<td>11.24%<\/td>\n<td>14.92%<\/td>\n<td>11.8%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/tata-retirement-sav-fund-prog-plan-g-direct-plan\">Tata Retirement Sav Fund &#8211; Prog Plan Direct Growth Plan<\/a><\/td>\n<td>7.73%<\/td>\n<td>12.85%<\/td>\n<td>11%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/tata-retirement-sav-fund-mod-plan-g-direct-plan\">Tata Retirement Sav Fund &#8211; Mod Plan Direct Growth Plan<\/a><\/td>\n<td>7.39%<\/td>\n<td>12.13%<\/td>\n<td>10.87%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-retirement-fund-hybrid-aggressive-plan-g-direct-plan\">ICICI Pru Retirement Fund-Hybrid Aggressive Plan Direct Growth Plan<\/a><\/td>\n<td>5.77%<\/td>\n<td>16.4%<\/td>\n<td>14.68%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/sbi-retirement-benefit-fund-aggressive-hybrid-plan-g-direct-plan\">SBI Retirement Benefit Fund-Aggressive Hybrid Plan Direct Growth Plan<\/a><\/td>\n<td>5.21%<\/td>\n<td>9.02%<\/td>\n<td>11.33%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>On the latest 1-year number, the fund trails Aditya Birla SL Retirement Fund-30 Direct Growth Plan, Tata Retirement Sav Fund &#8211; Prog Plan Direct Growth Plan and Tata Retirement Sav Fund &#8211; Mod Plan Direct Growth Plan. It is, however, ahead of SBI Retirement Benefit Fund-Aggressive Hybrid Plan Direct Growth Plan on the same period and slightly behind ICICI Pru Retirement Fund-Hybrid Aggressive Plan Direct Growth Plan.<\/p>\n<p>The longer record is less flattering than the recent short-term showing. The fund\u2019s 3-year and 5-year returns are below most of the peers listed here, including both Tata retirement funds and the Aditya Birla scheme, while the ICICI aggressive hybrid option has stronger long-term figures still. That makes the current fund look more conservative in outcome, even if the gap is not extreme.<\/p>\n<p>The short-term and longer-term comparisons tell slightly different stories. Recent resilience versus the benchmark is visible, but the peer set still shows stronger compounding elsewhere over 3 and 5 years. So the fund\u2019s case is more about stability and retirement-style structure than about standing out on raw return strength.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>6.94% Government Securities<\/td>\n<td>Government Securities<\/td>\n<td>23.71%<\/td>\n<\/tr>\n<tr>\n<td>TREPS<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>10.7%<\/td>\n<\/tr>\n<tr>\n<td>7.34% Government Securities<\/td>\n<td>Government Securities<\/td>\n<td>5.91%<\/td>\n<\/tr>\n<tr>\n<td>8.6% Housing and Urban Development Corporation Ltd. **<\/td>\n<td>Corporate Debt<\/td>\n<td>5.26%<\/td>\n<\/tr>\n<tr>\n<td>7.62% NABARD<\/td>\n<td>Corporate Debt<\/td>\n<td>5.12%<\/td>\n<\/tr>\n<tr>\n<td>8.3% Rural Electrification Corporation Ltd. **<\/td>\n<td>Corporate Debt<\/td>\n<td>4.18%<\/td>\n<\/tr>\n<tr>\n<td>6.9% Government Securities<\/td>\n<td>Government Securities<\/td>\n<td>3.72%<\/td>\n<\/tr>\n<tr>\n<td>8.5% Nirma Ltd. **<\/td>\n<td>Corporate Debt<\/td>\n<td>3.59%<\/td>\n<\/tr>\n<tr>\n<td>India Universal Trust Al1 **<\/td>\n<td>PTC &amp; Securitized Debt<\/td>\n<td>2.24%<\/td>\n<\/tr>\n<tr>\n<td>Life Insurance Corporation of India<\/td>\n<td>Insurance<\/td>\n<td>2.16%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top 10 holdings account for approximately 66.59% of the portfolio. That is a meaningful concentration in a limited set of positions, especially because the largest single holding alone is 23.71% and the second largest adds another 10.7% in cash-like exposure.<\/p>\n<p>The weight drops fairly quickly after the first few lines. From 23.71% to 10.7%, then to 5.91% and into the 5% range, the structure shows that the fund leans heavily on a handful of core allocations rather than spreading weight evenly across many similar positions.<\/p>\n<p>At the same time, the disclosed portfolio is not narrowly concentrated in one security only. There are 37 total holdings shown, so the tail is still long enough to provide breadth. Our view is that this mix may help keep the fund anchored by government securities and credit exposure while still leaving room for additional smaller positions to contribute in a supporting role.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-retirement-fund-hybrid-cons-plan-g-direct-plan\">ICICI Pru Retirement Fund-Hybrid Cons Plan Direct Growth Plan<\/a> page<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund fits investors who are comfortable with moderate risk and a retirement-style structure, rather than those who want fast upside. The 1-year return has been weaker than the 3-year and 5-year numbers, but the longer track record still shows better compounding than the benchmark over the same horizons.<\/p>\n<p>It is best viewed as a long-horizon option where steadier asset mix matters more than aggressive market participation. The main trade-off is that the portfolio\u2019s conservative tilt may help cushion swings, but it can also limit how quickly returns accelerate when risk assets rally.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load: No exit load.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>What is the current NAV of ICICI Pru Retirement Fund-Hybrid Cons Plan Direct Growth Plan?<\/strong><br \/>Its current NAV is \u20b920.0805 as of 15 Sep 2026.<\/p>\n<p><strong>What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/strong><br \/>The fund\u2019s returns are 5.21% for 1 year, 9.5% for 3 years and 8.61% for 5 years.<\/p>\n<p><strong>How does it compare with the benchmark?<\/strong><br \/>It has outpaced the benchmark over 1, 3 and 5 years. The benchmark\u2019s returns are -8.27% over 1 year, 5.59% over 3 years and 5.58% over 5 years.<\/p>\n<p><strong>How does it compare with other retirement funds in the peer set?<\/strong><br \/>Its recent return is below several peers, while its 3-year and 5-year figures are also weaker than most of the comparison funds shown here. The gap is most visible against Aditya Birla SL Retirement Fund-30 Direct Growth Plan and the two Tata retirement funds.<\/p>\n<p><strong>What is the minimum SIP amount?<\/strong><br \/>The minimum SIP amount is \u20b9100.<\/p>\n<p><strong>What are the risk, portfolio and exit-load features?<\/strong><br \/>The fund is in the Medium Risk category and has a portfolio led by government securities, TREPS and corporate debt. It has no exit load, and the fund is managed by Manasvi Shah, Darshil Dedhia and Rohit Lakhotia.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The fund\u2019s latest 1-year return looks softer than its 3-year and 5-year record, so the near-term picture is less convincing than the longer-term one. Against the benchmark, it has done better across all the main periods, but the peer set shows stronger compounding in several comparable retirement funds. The portfolio is anchored by government securities and other defensive positions, which supports a steadier profile. That makes it a more suitable fit for investors who want a medium-risk, long-horizon retirement-oriented allocation.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 16 September 2026 at 11:59 AM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"ICICI Pru Retirement Fund-Hybrid Cons Plan Direct Growth Plan\",\"identifier\":\"icici-pru-retirement-fund-hybrid-cons-plan-g-direct-plan\",\"category\":\"Solution Oriented\",\"dateCreated\":\"27 Feb 2019\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":20.0805,\"valueReference\":\"as of 15 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"97 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.94\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":5.21},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":9.5},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":8.61},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Manasvi Shah, Darshil Dedhia, Rohit Lakhotia\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of ICICI Pru Retirement Fund-Hybrid Cons Plan Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its current NAV is \u20b920.0805 as of 15 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s returns are 5.21% for 1 year, 9.5% for 3 years and 8.61% for 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has outpaced the benchmark over 1, 3 and 5 years. The benchmark\u2019s returns are -8.27% over 1 year, 5.59% over 3 years and 5.58% over 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with other retirement funds in the peer set?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its recent return is below several peers, while its 3-year and 5-year figures are also weaker than most of the comparison funds shown here. The gap is most visible against Aditya Birla SL Retirement Fund-30 Direct Growth Plan and the two Tata retirement funds.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b9100.\"}},{\"@type\":\"Question\",\"name\":\"What are the risk, portfolio and exit-load features?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is in the Medium Risk category and has a portfolio led by government securities, TREPS and corporate debt. It has no exit load, and the fund is managed by Manasvi Shah, Darshil Dedhia and Rohit Lakhotia.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ICICI Pru Retirement Fund-Hybrid Cons Plan Direct Growth Plan has a NAV of \u20b920.0805 as of 15 Sep 2026, with 1Y\/3Y\/5Y returns of 5.21%\/9.5%\/8.61% and Medium Risk.<\/p>\n","protected":false},"author":38,"featured_media":249046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-249049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["249046"],"rank_math_title":["ICICI Pru Retirement Fund Review 2026: NAV &amp; Returns"],"rank_math_description":["ICICI Pru Retirement Fund-Hybrid Cons Plan Direct Growth Plan NAV \u20b920.0805 as of 15 Sep 2026; 1Y return 5.21%. Review returns, portfolio and fit."],"rank_math_focus_keyword":["ICICI Pru Retirement Fund-Hybrid Cons Plan Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/ICICI_Pru_Retirement_Fund_Hybrid_Cons_Direct_Growth_Plan_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/249049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=249049"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/249049\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/249046"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=249049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=249049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=249049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}