ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI 10 year Constant Maturity Gilt Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Retirement Fund Hybrid Conservative Plan is a Solution fund and UTI 10 year Constant Maturity Gilt Fund is a Gilt fund. In the 3 years to 30-10-2026, ICICI Prudential Retirement Fund Hybrid Conservative Plan (Direct) returned 9.1% a year and UTI 10 year Constant Maturity Gilt Fund (Direct) returned 6.5% a year. ICICI Prudential Retirement Fund Hybrid Conservative Plan charges 1.03% a year and UTI 10 year Constant Maturity Gilt Fund 0.33% (Direct plans). Their portfolios overlap 35.7%: they hold 2 of the same securities.
ICICI Prudential Retirement Fund Hybrid Conservative Plan
Solution
- 3 year return
- 9.1%
- Expense ratio
- 1.03%
- NAV
- ₹19.71
UTI 10 year Constant Maturity Gilt Fund
Gilt
- 3 year return
- 6.5%
- Expense ratio
- 0.33%
- NAV
- ₹13.10
Which is better, ICICI Prudential Retirement Fund Hybrid Conservative Plan or UTI 10 year Constant Maturity Gilt? 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 Retirement Fund Hybrid Conservative Plan returned more over 3 years: 9.1% a year against 6.5%.
- ICICI Prudential Retirement Fund Hybrid Conservative Plan returned more over 1 year: 2.0% against 1.4%.
- UTI 10 year Constant Maturity Gilt costs less: 0.33% a year against 1.03% (Direct plans).
- UTI 10 year Constant Maturity Gilt swung less over 3 years: a standard deviation of 2.7% a year against 4.6%.
- UTI 10 year Constant Maturity Gilt fell less in its worst fall since 03-08-2022: −3.3% against −4.3%.
- UTI 10 year Constant Maturity Gilt is the larger fund: ₹105 Cr against ₹95 Cr.
- Their portfolios overlap 35.7%: 2 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 Retirement Fund Hybrid Conservative Plan | UTI 10 year Constant Maturity Gilt Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | UTI Mutual Fund |
| Category | Solution | Gilt |
| AUM | ₹95 Cr (30-09-2026) | ₹105 Cr (30-09-2026) |
| NAV | ₹19.71 (Direct) | ₹13.10 (Direct) |
| Expense ratio (Direct) | 1.03% | 0.33% |
| Expense ratio (Regular) | 2.24% | 0.77% |
| Riskometer | Not available | Not available |
| Benchmark | Nifty 50 Hybrid Composite Debt 15:85 Conservative Index | CRISIL 10 Year Gilt Index |
| Launch date | 27-02-2019 | 01-08-2022 |
| Minimum investment | ₹5,000 | Direct Plan-Growth-Rs.5000, Regular Plan-Growth-Rs.5000 "Note - Fresh subscriptions in Income Distribution Cum Capital Withdrawal (IDCW) option through all modes such as Lump Sum mode (including Switches) and fresh registration of Systematic Investment Pl |
| Lock in | 5 years, or until retirement if earlier | None |
| Fund managers | Darshil Dedhia, Rohit Lakhotia, Manasvi Shah | Jaydeep Bhowal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Nil | Nil |
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI 10 year Constant Maturity Gilt: 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 Retirement Fund Hybrid Conservative Plan (Direct) | −1.39% | −2.41% | +0.44% | +2.02% | +9.12% | +8.17% | -- |
| UTI 10 year Constant Maturity Gilt Fund (Direct) | −0.93% | −2.25% | +1.02% | +1.45% | +6.55% | -- | -- |
| Gilt average | −0.69% | −1.34% | +1.62% | +2.12% | +6.19% | -- | -- |
Category average: the average of the 28 Gilt funds, same plan type.
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI 10 year Constant Maturity Gilt: Year-wise Returns
| Year | ICICI Prudential Retirement Fund Hybrid Conservative PlanICICI Prudential Retirement Fund Hybrid Conservative Plan | UTI 10 year Constant Maturity GiltUTI 10 year Constant Maturity Gilt |
|---|---|---|
| 2026to date | +0.28% | +0.62% |
| 2025 | +10.28% | +7.09% |
| 2024 | +10.96% | +9.57% |
| 2023 | +16.28% | +7.81% |
| 2022 | +2.70% | -- |
| 2021 | +8.85% | -- |
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI 10 year Constant Maturity Gilt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 299 of them, one for each trading day from 04-08-2025 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 Retirement Fund Hybrid Conservative Plan (Direct)
UTI 10 year Constant Maturity Gilt Fund (Direct)
to
Sept 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 2026
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 Retirement Fund Hybrid Conservative Plan | 0.0 | 0.0 | 10.4 | 89.6 | 0.0 | 0.0 | 0.0 | 11.6% | 11.9% | 8.9% | 13.4% |
| UTI 10 year Constant Maturity Gilt | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.6% | 7.8% | 6.2% | 8.9% |
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 03-08-2022. Past returns do not promise future returns.
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI 10 year Constant Maturity Gilt: 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 01-08-2022 to 30-10-2026: 51 instalments, ₹5,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Retirement Fund Hybrid Conservative PlanICICI Prudential Retirement Fund Hybrid Conservative Plan (Direct) | ₹5,10,000 | ₹6,01,648 | ₹91,648 | 7.7% |
| UTI 10 year Constant Maturity GiltUTI 10 year Constant Maturity Gilt Fund (Direct) | ₹5,10,000 | ₹5,71,078 | ₹61,078 | 5.3% |
ICICI Prudential Retirement Fund Hybrid Conservative PlanICICI Prudential Retirement Fund Hybrid Conservative Plan (Direct)
UTI 10 year Constant Maturity GiltUTI 10 year Constant Maturity Gilt 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 Retirement Fund Hybrid Conservative Plan vs UTI 10 year Constant Maturity Gilt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Retirement Fund Hybrid Conservative Plan (Direct) | UTI 10 year Constant Maturity Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.02% | +1.45% |
| Standard deviation | 4.56% | 3.26% |
| Sharpe ratio | -0.71 | -1.16 |
| Sortino ratio | -0.92 | -1.61 |
| Maximum drawdown | −4.3% (23-10-2026) | −3.3% (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 Retirement Fund Hybrid Conservative Plan (Direct) | UTI 10 year Constant Maturity Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.12% | +6.55% |
| Standard deviation | 4.57% | 2.72% |
| Sharpe ratio | 0.68 | 0.19 |
| Sortino ratio | 0.92 | 0.27 |
| Maximum drawdown | −4.3% (23-10-2026) | −3.3% (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 Retirement Fund Hybrid Conservative Plan (Direct) | UTI 10 year Constant Maturity Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.24% | +6.41% |
| Standard deviation | 4.53% | 2.90% |
| Sharpe ratio | 0.90 | 0.09 |
| Sortino ratio | 1.21 | 0.13 |
| Maximum drawdown | −10.2% (23-03-2020) | −3.3% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-02-2019 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 Retirement Fund Hybrid Conservative Plan (Direct)
UTI 10 year Constant Maturity Gilt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Retirement Fund Hybrid Conservative Plan (Direct) | −4.3% | 14-08-2026 | 23-10-2026 | Not yet | -- | −3.6% |
| UTI 10 year Constant Maturity Gilt Fund (Direct) | −3.3% | 14-08-2026 | 23-10-2026 | Not yet | -- | −2.9% |
From daily values since 03-08-2022, 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 Retirement Fund Hybrid Conservative Plan (Direct)
UTI 10 year Constant Maturity Gilt 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 Retirement Fund Hybrid Conservative Plan (Direct)
UTI 10 year Constant Maturity Gilt Fund (Direct)
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI 10 year Constant Maturity Gilt: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Retirement Fund Hybrid Conservative Plan, September 2026; UTI 10 year Constant Maturity Gilt Fund, September 2026
Holdings in common
- Overlap
- 35.7%
- Held by both
- 2
- Only in ICICI Prudential Retirement Fund Hybrid Conservative Plan
- 32
- Only in UTI 10 year Constant Maturity Gilt
- 4
| Security | % of ICICI Prudential Retirement Fund Hybrid Conservative Plan | % of UTI 10 year Constant Maturity Gilt |
|---|---|---|
| Government Securities | 32.70% | 56.19% |
| Government Securities | 3.77% | 2.99% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.7% means 35.7% 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 Retirement Fund Hybrid Conservative Plan
| Security | % of fund |
|---|---|
| Government Securities | 5.99% |
| Housing and Urban Development Corporation Ltd. | 5.35% |
| NABARD | 5.24% |
| Rural Electrification Corporation Ltd. | 4.26% |
| Nirma Ltd. | 3.68% |
Largest holdings only in UTI 10 year Constant Maturity Gilt Fund
| Security | % of fund |
|---|---|
| 06.48% GSEC Mat- 06/10/2035 | 13.64% |
| 07.18% GSEC MAT -24/07/2037 | 8.54% |
| 6.79% GOVT BONDS - 07/10/2034 | 4.65% |
| 7.24% GSEC MAT- 18/08/2055 | 0.90% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Retirement Fund Hybrid Conservative Plan | UTI 10 year Constant Maturity Gilt |
|---|---|---|
| Equity | 22.6% | 0.0% |
| Debt | 71.5% | 86.9% |
| Cash and others | 5.9% | 13.1% |
Market cap of stocks
| Market cap | ICICI Prudential Retirement Fund Hybrid Conservative Plan | UTI 10 year Constant Maturity Gilt |
|---|---|---|
| Large Cap | 15.9% | -- |
| Mid Cap | 3.6% | -- |
| Small Cap | 3.1% | -- |
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 Retirement Fund Hybrid Conservative Plan | UTI 10 year Constant Maturity Gilt |
|---|---|---|
| Banks | 2.6% | 0.0% |
| Ferrous Metals | 2.6% | 0.0% |
| Auto Components | 2.5% | 0.0% |
| Retailing | 2.4% | 0.0% |
| Insurance | 2.1% | 0.0% |
| Consumer Durables | 1.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI 10 year Constant Maturity Gilt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Retirement Fund Hybrid Conservative Plan | UTI 10 year Constant Maturity Gilt Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | 0.33% |
| Base expense ratio (Direct) | 0.79% | 0.28% |
| Total expense ratio (Regular) | 2.24% | 0.77% |
| Base expense ratio (Regular) | 1.84% | 0.68% |
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 UTI 10 year Constant Maturity Gilt with
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI 10 year Constant Maturity Gilt Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Retirement Fund Hybrid Conservative Plan and UTI 10 year Constant Maturity Gilt Fund?
ICICI Prudential Retirement Fund Hybrid Conservative Plan is a Solution fund, UTI 10 year Constant Maturity Gilt Fund is a Gilt fund, run by ICICI Prudential Mutual Fund and UTI Mutual Fund. Their portfolios overlap 35.7%. ICICI Prudential Retirement Fund Hybrid Conservative Plan charges 1.03% a year and UTI 10 year Constant Maturity Gilt Fund 0.33%.
Which has given higher returns, ICICI Prudential Retirement Fund Hybrid Conservative Plan or UTI 10 year Constant Maturity Gilt Fund?
Over 1 year: ICICI Prudential Retirement Fund Hybrid Conservative Plan +2.02%, UTI 10 year Constant Maturity Gilt Fund +1.45%. Over 3 years: ICICI Prudential Retirement Fund Hybrid Conservative Plan +9.12% a year, UTI 10 year Constant Maturity Gilt Fund +6.55% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Retirement Fund Hybrid Conservative Plan or UTI 10 year Constant Maturity Gilt Fund?
UTI 10 year Constant Maturity Gilt Fund charges less: 0.33% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Retirement Fund Hybrid Conservative Plan and UTI 10 year Constant Maturity Gilt Fund overlap?
35.7%. They hold 2 of the same securities, the largest shared ones being Government Securities, Government Securities. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Retirement Fund Hybrid Conservative Plan or UTI 10 year Constant Maturity Gilt Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,04,250 in ICICI Prudential Retirement Fund Hybrid Conservative Plan (XIRR 5.7% a year) and ₹3,95,313 in UTI 10 year Constant Maturity Gilt Fund (XIRR 4.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Retirement Fund Hybrid Conservative Plan and UTI 10 year Constant Maturity Gilt Fund?
Yes. 35.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Retirement Fund Hybrid Conservative Plan and UTI 10 year Constant Maturity Gilt Fund?
ICICI Prudential Retirement Fund Hybrid Conservative Plan: Darshil Dedhia, Rohit Lakhotia, Manasvi Shah. UTI 10 year Constant Maturity Gilt Fund: Jaydeep Bhowal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4.
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.