ICICI Prudential Retirement Fund Hybrid Conservative Plan vs Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Retirement Fund Hybrid Conservative Plan is a Solution fund and Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund is an Index fund. ICICI Prudential Retirement Fund Hybrid Conservative Plan charges 1.03% a year and Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund 0.79% (Direct plans). Their portfolios overlap 35.9%: they hold 17 of the same securities.
ICICI Prudential Retirement Fund Hybrid Conservative Plan
Solution
- Expense ratio
- 1.03%
- NAV
- ₹19.71
Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund
Index
- Expense ratio
- 0.79%
- NAV
- ₹9.68
Which is better, ICICI Prudential Retirement Fund Hybrid Conservative Plan or Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index costs less: 0.79% a year against 1.03% (Direct plans).
- ICICI Prudential Retirement Fund Hybrid Conservative Plan fell less in its worst fall since 22-04-2026: −4.3% against −8.4%.
- Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index holds more in large companies: 35.8% of the fund in large caps against 15.9%.
- ICICI Prudential Retirement Fund Hybrid Conservative Plan is the larger fund: ₹95 Cr against ₹14 Cr.
- Their portfolios overlap 35.9%: 17 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 | Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Zerodha Mutual Fund |
| Category | Solution | Index |
| AUM | ₹95 Cr (30-09-2026) | ₹14 Cr (30-09-2026) |
| NAV | ₹19.71 (Direct) | ₹9.68 (Direct) |
| Expense ratio (Direct) | 1.03% | 0.79% |
| Expense ratio (Regular) | 2.24% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Nifty 50 Hybrid Composite Debt 15:85 Conservative Index | Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 TRI |
| Launch date | 27-02-2019 | 20-04-2026 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | 5 years, or until retirement if earlier | None |
| Fund managers | Darshil Dedhia, Rohit Lakhotia, Manasvi Shah | Kedarnath Mirajkar |
| Exit load | Nil | Nil |
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index: 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% | -- |
| Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund (Direct) | −1.25% | −5.60% | −2.41% | -- | -- | -- | -- |
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index: Year-wise Returns
| Year | ICICI Prudential Retirement Fund Hybrid Conservative PlanICICI Prudential Retirement Fund Hybrid Conservative Plan | Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 IndexZerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index |
|---|---|---|
| 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 Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index: Rolling Returns
Every holding period of both funds
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index: 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) | Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.24% | −6.50% |
| Standard deviation | 4.53% | 9.24% |
| Sharpe ratio | 0.90 | -1.28 |
| Sortino ratio | 1.21 | -1.65 |
| Maximum drawdown | −10.2% (23-03-2020) | −8.4% (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)
Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index 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% |
| Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund (Direct) | −8.4% | 10-08-2026 | 23-10-2026 | Not yet | -- | −6.9% |
From daily values since 22-04-2026, the first day every fund has.
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Retirement Fund Hybrid Conservative Plan, September 2026; Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund, September 2026
Holdings in common
- Overlap
- 35.9%
- Held by both
- 17
- Only in ICICI Prudential Retirement Fund Hybrid Conservative Plan
- 17
- Only in Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index
- 234
| Security | % of ICICI Prudential Retirement Fund Hybrid Conservative Plan | % of Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index |
|---|---|---|
| Government Securities | 32.70% | 29.83% |
| HDFC Bank Ltd. | 1.09% | 2.93% |
| Kotak Mahindra Bank Ltd. | 1.54% | 0.83% |
| Mahindra & Mahindra Ltd. | 1.60% | 0.71% |
| Titan Company Ltd. | 1.20% | 0.51% |
| Life Insurance Corporation of India | 2.09% | 0.43% |
| Tata Steel Ltd. | 0.98% | 0.41% |
| Swiggy Ltd | 1.38% | 0.32% |
| Interglobe Aviation Ltd. | 1.00% | 0.29% |
| Hindustan Aeronautics Ltd. | 1.42% | 0.23% |
| Apollo Hospitals Enterprise Ltd. | 1.38% | 0.22% |
| Biocon Ltd. | 0.60% | 0.22% |
| Jindal Stainless Ltd. | 0.67% | 0.20% |
| Samvardhana Motherson International Ltd. | 1.76% | 0.19% |
| Nippon Life India Asset Management Ltd | 0.92% | 0.16% |
| Tata Consumer Products Ltd. | 0.85% | 0.16% |
| Jindal Steel Ltd. | 0.95% | 0.11% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.9% means 35.9% 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 Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 2.55% |
| Reliance Industries Limited | 2.14% |
| Bharti Airtel Limited | 1.44% |
| Larsen & Toubro Limited | 1.18% |
| State Bank of India | 1.07% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Retirement Fund Hybrid Conservative Plan | Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index |
|---|---|---|
| Equity | 22.6% | 68.7% |
| Debt | 71.5% | 29.8% |
| Cash and others | 5.9% | 1.4% |
Market cap of stocks
| Market cap | ICICI Prudential Retirement Fund Hybrid Conservative Plan | Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index |
|---|---|---|
| Large Cap | 15.9% | 35.8% |
| Mid Cap | 3.6% | 32.1% |
| Small Cap | 3.1% | 0.9% |
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 | Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index |
|---|---|---|
| Banks | 2.6% | 11.8% |
| Pharmaceuticals & Biotechnology | 1.3% | 4.6% |
| Finance | 0.0% | 4.5% |
| IT - Software | 0.0% | 3.8% |
| Retailing | 2.4% | 3.0% |
| Automobiles | 1.6% | 2.8% |
| Ferrous Metals | 2.6% | 1.3% |
| Auto Components | 2.5% | 1.9% |
| Consumer Durables | 1.9% | 2.3% |
| Insurance | 2.1% | 1.7% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Retirement Fund Hybrid Conservative Plan vs Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Retirement Fund Hybrid Conservative Plan | Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | 0.79% |
| Base expense ratio (Direct) | 0.79% | 0.30% |
| Total expense ratio (Regular) | 2.24% | Not available |
| Base expense ratio (Regular) | 1.84% | 0.00% |
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 Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Retirement Fund Hybrid Conservative Plan and Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund?
ICICI Prudential Retirement Fund Hybrid Conservative Plan is a Solution fund, Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund is an Index fund, run by ICICI Prudential Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 35.9%. ICICI Prudential Retirement Fund Hybrid Conservative Plan charges 1.03% a year and Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund 0.79%.
Which has the lower expense ratio, ICICI Prudential Retirement Fund Hybrid Conservative Plan or Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund?
Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund charges less: 0.79% 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 Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund overlap?
35.9%. They hold 17 of the same securities, the largest shared ones being Government Securities, HDFCBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Retirement Fund Hybrid Conservative Plan and Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund?
Yes. 35.9% 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 Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund?
ICICI Prudential Retirement Fund Hybrid Conservative Plan: Darshil Dedhia, Rohit Lakhotia, Manasvi Shah. Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund: Kedarnath Mirajkar.
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.