ICICI Prudential Conservative Hybrid Fund vs ICICI Prudential Medium Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Conservative Hybrid Fund is a Conservative Hybrid fund and ICICI Prudential Medium Term Fund is a Medium Duration fund. In the 3 years to 30-10-2026, ICICI Prudential Conservative Hybrid Fund (Direct) returned 8.4% a year and ICICI Prudential Medium Term Fund (Direct) returned 8.2% a year. ICICI Prudential Conservative Hybrid Fund charges 1.04% a year and ICICI Prudential Medium Term Fund 0.73% (Direct plans). Their portfolios overlap 28.2%: they hold 33 of the same securities.
ICICI Prudential Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 8.4%
- Expense ratio
- 1.04%
- NAV
- ₹86.38
ICICI Prudential Medium Term Fund
Medium Duration
- 3 year return
- 8.2%
- Expense ratio
- 0.73%
- NAV
- ₹53.57
Which is better, ICICI Prudential Conservative Hybrid or ICICI Prudential Medium Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Conservative Hybrid returned more over 5 years: 7.9% a year against 7.2%.
- ICICI Prudential Conservative Hybrid returned more over 3 years: 8.4% a year against 8.2%.
- ICICI Prudential Medium Term costs less: 0.73% a year against 1.04% (Direct plans).
- ICICI Prudential Medium Term swung less over 3 years: a standard deviation of 1.2% a year against 3.2%.
- ICICI Prudential Medium Term fell less in its worst fall since 24-01-2013: −5.1% against −8.8%.
- ICICI Prudential Medium Term is the larger fund: ₹5,331 Cr against ₹3,270 Cr.
- Their portfolios overlap 28.2%: 33 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | ICICI Prudential Conservative Hybrid Fund | ICICI Prudential Medium Term Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Conservative Hybrid | Medium Duration |
| AUM | ₹3,270 Cr (30-09-2026) | ₹5,331 Cr (30-09-2026) |
| NAV | ₹86.38 (Direct) | ₹53.57 (Direct) |
| Expense ratio (Direct) | 1.04% | 0.73% |
| Expense ratio (Regular) | 1.73% | 1.36% |
| Riskometer | Not available | Not available |
| Benchmark | Nifty 50 Hybrid Composite Debt 15:85 Conservative Index | NIFTY Medium Duration Debt Index A-III |
| Launch date | 30-03-2004 | 15-09-2004 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Manish Banthia , Akhil Kakkar, Roshan Chutkey | Manish Banthia, Akhil Kakkar |
| Exit load | Exit load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days. |
ICICI Prudential Conservative Hybrid vs ICICI Prudential Medium Term: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Conservative Hybrid Fund (Direct) | −0.49% | −1.74% | +0.73% | +1.04% | +8.45% | +7.91% | +9.10% |
| ICICI Prudential Medium Term Fund (Direct) | −0.38% | +0.25% | +2.96% | +5.75% | +8.16% | +7.21% | +7.75% |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
| Medium Duration average | −0.34% | −0.09% | +2.51% | +4.72% | +7.66% | +6.88% | +6.78% |
Category average: the average of the 18 Conservative Hybrid funds and the 13 Medium Duration funds, same plan type.
ICICI Prudential Conservative Hybrid vs ICICI Prudential Medium Term: Year-wise Returns
| Year | Conservative HybridICICI Prudential Conservative Hybrid | Medium TermICICI Prudential Medium Term |
|---|---|---|
| 2026to date | +0.46% | +4.41% |
| 2025 | +8.72% | +9.66% |
| 2024 | +12.22% | +8.71% |
| 2023 | +12.24% | +7.72% |
| 2022 | +5.93% | +4.88% |
| 2021 | +10.91% | +6.26% |
ICICI Prudential Conservative Hybrid vs ICICI Prudential Medium Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,603 of them, one for each trading day from 25-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
ICICI Prudential Conservative Hybrid Fund (Direct)
ICICI Prudential Medium Term Fund (Direct)
to
Dec 2016Oct 2015
to
Oct 2018Aug 2017
to
Aug 2020Jun 2019
to
Jun 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Conservative Hybrid | 0.0 | 0.0 | 35.9 | 60.7 | 3.3 | 0.0 | 0.0 | 10.7% | 10.4% | 5.9% | 17.2% |
| ICICI Prudential Medium Term | 0.0 | 0.0 | 88.1 | 11.9 | 0.0 | 0.0 | 0.0 | 8.4% | 8.4% | 6.1% | 12.2% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 24-01-2013. Past returns do not promise future returns.
ICICI Prudential Conservative Hybrid vs ICICI Prudential Medium Term: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 04-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Conservative HybridICICI Prudential Conservative Hybrid Fund (Direct) | ₹16,60,000 | ₹33,16,366 | ₹16,56,366 | 9.5% |
| ICICI Prudential Medium TermICICI Prudential Medium Term Fund (Direct) | ₹16,60,000 | ₹29,72,899 | ₹13,12,899 | 8.0% |
ICICI Prudential Conservative HybridICICI Prudential Conservative Hybrid Fund (Direct)
ICICI Prudential Medium TermICICI Prudential Medium Term Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
ICICI Prudential Conservative Hybrid vs ICICI Prudential Medium Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Conservative Hybrid Fund (Direct) | ICICI Prudential Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.04% | +5.75% |
| Standard deviation | 3.58% | 1.60% |
| Sharpe ratio | -1.18 | 0.31 |
| Sortino ratio | -1.57 | 0.44 |
| Maximum drawdown | −3.0% (30-03-2026) | −0.9% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Conservative Hybrid Fund (Direct) | ICICI Prudential Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.45% | +8.16% |
| Standard deviation | 3.17% | 1.23% |
| Sharpe ratio | 0.77 | 1.74 |
| Sortino ratio | 1.07 | 2.56 |
| Maximum drawdown | −3.0% (30-03-2026) | −0.9% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Conservative Hybrid Fund (Direct) | ICICI Prudential Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.91% | +7.21% |
| Standard deviation | 3.16% | 1.27% |
| Sharpe ratio | 0.67 | 1.11 |
| Sortino ratio | 0.92 | 1.53 |
| Maximum drawdown | −3.1% (07-03-2022) | −1.1% (06-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Conservative Hybrid Fund (Direct) | ICICI Prudential Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.03% | +8.38% |
| Standard deviation | 4.13% | 1.88% |
| Sharpe ratio | 0.96 | 1.24 |
| Sortino ratio | 1.33 | 1.79 |
| Maximum drawdown | −8.8% (23-03-2020) | −5.1% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 04-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
ICICI Prudential Conservative Hybrid Fund (Direct)
ICICI Prudential Medium Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Conservative Hybrid Fund (Direct) | −8.8% | 20-02-2020 | 23-03-2020 | 06-07-2020 | 3 months | −2.2% |
| ICICI Prudential Medium Term Fund (Direct) | −5.1% | 06-06-2013 | 19-08-2013 | 27-11-2013 | 3 months | −0.6% |
From daily values since 24-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Conservative Hybrid Fund (Direct)
ICICI Prudential Medium Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Conservative Hybrid Fund (Direct)
ICICI Prudential Medium Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Conservative Hybrid Fund (Direct)
ICICI Prudential Medium Term Fund (Direct)
ICICI Prudential Conservative Hybrid vs ICICI Prudential Medium Term: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Conservative Hybrid Fund, September 2026; ICICI Prudential Medium Term Fund, September 2026
Holdings in common
- Overlap
- 28.2%
- Held by both
- 33
- Only in ICICI Prudential Conservative Hybrid
- 98
- Only in ICICI Prudential Medium Term
- 65
| Security | % of ICICI Prudential Conservative Hybrid | % of ICICI Prudential Medium Term |
|---|---|---|
| Government Securities | 4.50% | 3.20% |
| Government Securities | 4.12% | 3.19% |
| Adani Enterprises Ltd. | 3.05% | 3.28% |
| Adani Power Ltd. | 1.52% | 2.33% |
| Siddhivinayak Securitisation Trust | 1.46% | 2.24% |
| Vedanta Ltd. | 1.54% | 1.42% |
| Muthoot Finance Ltd. | 1.53% | 1.41% |
| Godrej Industries Ltd. | 1.12% | 1.15% |
| Godrej Industries Ltd. | 1.12% | 1.15% |
| 360 One Prime Ltd | 1.54% | 1.04% |
| Godrej Properties Ltd. | 2.30% | 0.94% |
| 360 One Prime Ltd | 1.52% | 0.93% |
| Vedanta Ltd. | 0.92% | 3.20% |
| Tata Projects Ltd. | 0.76% | 2.81% |
| Government Securities | 0.73% | 1.70% |
| Aavas Financiers Ltd. | 0.61% | 0.84% |
| Aptus Value Housing Finance India Ltd. | 0.61% | 0.60% |
| Muthoot Finance Ltd. | 0.79% | 0.49% |
| Eris Lifesciences Ltd. | 1.53% | 0.47% |
| LIC Housing Finance Ltd. | 0.76% | 0.47% |
| State Government of Telangana | 0.60% | 0.37% |
| State Government of Maharashtra | 0.36% | 0.44% |
| State Government of Rajasthan | 0.57% | 0.35% |
| Corporate Debt Market Development Fund (Class A2) | 0.31% | 0.36% |
| State Government of Maharashtra | 0.29% | 0.29% |
| State Government of Maharashtra | 0.29% | 0.35% |
| State Government of Odisha | 0.23% | 0.28% |
| State Government of Karnataka | 0.20% | 0.24% |
| Sheela Foam Ltd. | 0.15% | 0.28% |
| EMBASSY OFFICE PARKS REIT | 0.11% | 3.63% |
| State Government of West Bengal | 0.08% | 0.05% |
| MINDSPACE BUSINESS PARKS REIT | 0.02% | 0.05% |
| State Government of Uttar Pradesh | 0.03% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.2% means 28.2% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in ICICI Prudential Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| Manappuram Finance Ltd. | 3.03% |
| NABARD | 2.29% |
| Government Securities | 1.69% |
| Indostar Capital Finance Ltd. | 1.53% |
| Eris Lifesciences Ltd. | 1.53% |
Largest holdings only in ICICI Prudential Medium Term Fund
| Security | % of fund |
|---|---|
| JTPM Metal Traders Ltd. | 3.04% |
| Oberoi Realty Ltd. | 2.80% |
| Government Securities | 2.64% |
| Capital Infra Trust InvIT | 2.14% |
| TVS Credit Services Ltd. | 2.08% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Conservative Hybrid | ICICI Prudential Medium Term |
|---|---|---|
| Equity | 23.0% | 0.0% |
| Debt | 71.5% | 84.9% |
| Cash and others | 5.6% | 15.1% |
Market cap of stocks
| Market cap | ICICI Prudential Conservative Hybrid | ICICI Prudential Medium Term |
|---|---|---|
| Large Cap | 14.4% | -- |
| Mid Cap | 3.2% | -- |
| Small Cap | 5.4% | -- |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | ICICI Prudential Conservative Hybrid | ICICI Prudential Medium Term |
|---|---|---|
| Banks | 4.4% | 0.0% |
| Insurance | 3.5% | 0.0% |
| Pharmaceuticals & Biotechnology | 2.2% | 0.0% |
| Automobiles | 1.7% | 0.0% |
| Retailing | 1.4% | 0.0% |
| Food Products | 1.0% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Conservative Hybrid vs ICICI Prudential Medium Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Conservative Hybrid Fund | ICICI Prudential Medium Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.04% | 0.73% |
| Base expense ratio (Direct) | 0.84% | 0.62% |
| Total expense ratio (Regular) | 1.73% | 1.36% |
| Base expense ratio (Regular) | 1.43% | 1.16% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare ICICI Prudential Conservative Hybrid with
ICICI Prudential Conservative Hybrid Fund vs ICICI Prudential Medium Term Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Conservative Hybrid Fund and ICICI Prudential Medium Term Fund?
ICICI Prudential Conservative Hybrid Fund is a Conservative Hybrid fund, ICICI Prudential Medium Term Fund is a Medium Duration fund, run by ICICI Prudential Mutual Fund. Their portfolios overlap 28.2%. ICICI Prudential Conservative Hybrid Fund charges 1.04% a year and ICICI Prudential Medium Term Fund 0.73%.
Which has given higher returns, ICICI Prudential Conservative Hybrid Fund or ICICI Prudential Medium Term Fund?
Over 1 year: ICICI Prudential Conservative Hybrid Fund +1.04%, ICICI Prudential Medium Term Fund +5.75%. Over 3 years: ICICI Prudential Conservative Hybrid Fund +8.45% a year, ICICI Prudential Medium Term Fund +8.16% a year. Over 5 years: ICICI Prudential Conservative Hybrid Fund +7.91% a year, ICICI Prudential Medium Term Fund +7.21% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Conservative Hybrid Fund or ICICI Prudential Medium Term Fund?
ICICI Prudential Medium Term Fund charges less: 0.73% a year against 1.04%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Conservative Hybrid Fund and ICICI Prudential Medium Term Fund overlap?
28.2%. They hold 33 of the same securities, the largest shared ones being Government Securities, Government Securities, Adani Enterprises Ltd.. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Conservative Hybrid Fund or ICICI Prudential Medium Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,38,010 in ICICI Prudential Conservative Hybrid Fund (XIRR 7.4% a year) and ₹7,41,020 in ICICI Prudential Medium Term Fund (XIRR 7.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Conservative Hybrid Fund and ICICI Prudential Medium Term Fund?
Yes. 28.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Conservative Hybrid Fund and ICICI Prudential Medium Term Fund?
ICICI Prudential Conservative Hybrid Fund: Manish Banthia , Akhil Kakkar, Roshan Chutkey. ICICI Prudential Medium Term Fund: Manish Banthia, Akhil Kakkar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.