ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI Balanced Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Retirement Fund Hybrid Conservative Plan is a Solution fund and UTI Balanced Hybrid Fund is a Hybrid fund. ICICI Prudential Retirement Fund Hybrid Conservative Plan charges 1.03% a year and UTI Balanced Hybrid Fund 1.93% (Direct plans). Their portfolios overlap 19.7%: they hold 5 of the same securities.
ICICI Prudential Retirement Fund Hybrid Conservative Plan
Solution
- Expense ratio
- 1.03%
- NAV
- ₹19.71
Which is better, ICICI Prudential Retirement Fund Hybrid Conservative Plan or UTI Balanced Hybrid? 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 costs less: 1.03% a year against 1.93% (Direct plans).
- UTI Balanced Hybrid fell less in its worst fall since 07-09-2026: −3.1% against −3.5%.
- UTI Balanced Hybrid is the larger fund: ₹160 Cr against ₹95 Cr.
- Their portfolios overlap 19.7%: 5 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 Balanced Hybrid Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | UTI Mutual Fund |
| Category | Solution | Hybrid |
| AUM | ₹95 Cr (30-09-2026) | ₹160 Cr (30-09-2026) |
| NAV | ₹19.71 (Direct) | ₹9.82 (Direct) |
| Expense ratio (Direct) | 1.03% | 1.93% |
| Expense ratio (Regular) | 2.24% | 3.23% |
| Riskometer | Not available | High |
| Benchmark | Nifty 50 Hybrid Composite Debt 15:85 Conservative Index | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 27-02-2019 | 02-09-2026 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | 5 years, or until retirement if earlier | None |
| Fund managers | Darshil Dedhia, Rohit Lakhotia, Manasvi Shah | Ajay Tyagi FM 1, Kamal Gada FM 2, Anurag Mittal FM 3 |
| Exit load | Nil | Redemption / switch-out of 10% of Units allotted on or before completion of 12 months from the date of allotment- Nil exit loadRedemption/ switch out in excess of the 10% of Units allotted on or before completion of 12 months from the date of allotment – 1.00% exit loadIf redeemed / switched out after 12 months from the date of allotment – Nil exit load |
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI Balanced Hybrid: 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 Balanced Hybrid Fund (Direct) | −1.01% | -- | -- | -- | -- | -- | -- |
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI Balanced Hybrid: Year-wise Returns
| Year | ICICI Prudential Retirement Fund Hybrid Conservative PlanICICI Prudential Retirement Fund Hybrid Conservative Plan | UTI Balanced HybridUTI Balanced Hybrid |
|---|---|---|
| 2026to date | +0.28% | -- |
| 2025 | +10.28% | -- |
| 2024 | +10.96% | -- |
| 2023 | +16.28% | -- |
| 2022 | +2.70% | -- |
| 2021 | +8.85% | -- |
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI Balanced Hybrid: Rolling Returns
Every holding period of both funds
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI Balanced Hybrid: 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 Balanced Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.24% | −12.23% |
| Standard deviation | 4.53% | 5.56% |
| Sharpe ratio | 0.90 | -3.17 |
| Sortino ratio | 1.21 | -3.62 |
| Maximum drawdown | −10.2% (23-03-2020) | −3.1% (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 Balanced Hybrid 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) | −3.5% | 08-09-2026 | 23-10-2026 | Not yet | -- | −2.8% |
| UTI Balanced Hybrid Fund (Direct) | −3.1% | 18-09-2026 | 23-10-2026 | Not yet | -- | −2.2% |
From daily values since 07-09-2026, the first day every fund has.
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI Balanced Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Retirement Fund Hybrid Conservative Plan, September 2026; UTI Balanced Hybrid Fund, September 2026
Holdings in common
- Overlap
- 19.7%
- Held by both
- 5
- Only in ICICI Prudential Retirement Fund Hybrid Conservative Plan
- 29
- Only in UTI Balanced Hybrid
- 22
| Security | % of ICICI Prudential Retirement Fund Hybrid Conservative Plan | % of UTI Balanced Hybrid |
|---|---|---|
| Government Securities | 32.70% | 15.35% |
| Kotak Mahindra Bank Ltd. | 1.54% | 2.94% |
| HDFC Bank Ltd. | 1.09% | 2.77% |
| Interglobe Aviation Ltd. | 1.00% | 2.47% |
| Jindal Stainless Ltd. | 0.67% | 1.40% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.7% means 19.7% 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% |
| Government Securities | 3.77% |
Largest holdings only in UTI Balanced Hybrid Fund
| Security | % of fund |
|---|---|
| EQ - ICICI BANK LTD | 2.69% |
| EQ - SCHAEFFLER INDIA LTD | 2.51% |
| EQ - ETERNAL LIMITED | 2.39% |
| EQ - HYUNDAI MOTOR INDIA LTD | 1.83% |
| EQ - SUN PHARMACEUTICALS INDUSTRIES | 1.60% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Retirement Fund Hybrid Conservative Plan | UTI Balanced Hybrid |
|---|---|---|
| Equity | 22.6% | 38.9% |
| Debt | 71.5% | 15.3% |
| Cash and others | 5.9% | 45.8% |
Market cap of stocks
| Market cap | ICICI Prudential Retirement Fund Hybrid Conservative Plan | UTI Balanced Hybrid |
|---|---|---|
| Large Cap | 15.9% | 20.4% |
| Mid Cap | 3.6% | 14.4% |
| Small Cap | 3.1% | 4.2% |
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 Balanced Hybrid |
|---|---|---|
| Banks | 2.6% | 8.4% |
| Chemicals & Petrochemicals | 0.0% | 3.5% |
| Retailing | 2.4% | 3.1% |
| Ferrous Metals | 2.6% | 1.4% |
| Auto Components | 2.5% | 2.5% |
| Transport Services | 1.0% | 2.5% |
| Pharmaceuticals & Biotechnology | 1.3% | 2.3% |
| Insurance | 2.1% | 0.0% |
| Consumer Durables | 1.9% | 1.5% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI Balanced Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Retirement Fund Hybrid Conservative Plan | UTI Balanced Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | 1.93% |
| Base expense ratio (Direct) | 0.79% | 0.75% |
| Total expense ratio (Regular) | 2.24% | 3.23% |
| Base expense ratio (Regular) | 1.84% | 1.85% |
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.
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs UTI Balanced Hybrid Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Retirement Fund Hybrid Conservative Plan and UTI Balanced Hybrid Fund?
ICICI Prudential Retirement Fund Hybrid Conservative Plan is a Solution fund, UTI Balanced Hybrid Fund is a Hybrid fund, run by ICICI Prudential Mutual Fund and UTI Mutual Fund. Their portfolios overlap 19.7%. ICICI Prudential Retirement Fund Hybrid Conservative Plan charges 1.03% a year and UTI Balanced Hybrid Fund 1.93%.
Which has the lower expense ratio, ICICI Prudential Retirement Fund Hybrid Conservative Plan or UTI Balanced Hybrid Fund?
ICICI Prudential Retirement Fund Hybrid Conservative Plan charges less: 1.03% a year against 1.93%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Retirement Fund Hybrid Conservative Plan and UTI Balanced Hybrid Fund overlap?
19.7%. They hold 5 of the same securities, the largest shared ones being Government Securities, KOTAKBANK, HDFCBANK. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Retirement Fund Hybrid Conservative Plan and UTI Balanced Hybrid Fund?
Yes. 19.7% 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 Balanced Hybrid Fund?
ICICI Prudential Retirement Fund Hybrid Conservative Plan: Darshil Dedhia, Rohit Lakhotia, Manasvi Shah. UTI Balanced Hybrid Fund: Ajay Tyagi FM 1, Kamal Gada FM 2, Anurag Mittal FM 3.
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.