ICICI Prudential Retirement Fund Pure Equity Plan vs Mirae Asset Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Retirement Fund Pure Equity Plan is a Solution fund and Mirae Asset Flexi Cap Fund is a Flexi Cap fund. In the 3 years to 30-10-2026, ICICI Prudential Retirement Fund Pure Equity Plan (Direct) returned 18.8% a year and Mirae Asset Flexi Cap Fund (Direct) returned 12.3% a year. ICICI Prudential Retirement Fund Pure Equity Plan charges 0.93% a year and Mirae Asset Flexi Cap Fund 0.74% (Direct plans). Their portfolios overlap 32.7%: they hold 25 of the same securities.
ICICI Prudential Retirement Fund Pure Equity Plan
Solution
- 3 year return
- 18.8%
- Expense ratio
- 0.93%
- NAV
- ₹36.62
Mirae Asset Flexi Cap Fund
Flexi Cap
- 3 year return
- 12.3%
- Expense ratio
- 0.74%
- NAV
- ₹16.38
Which is better, ICICI Prudential Retirement Fund Pure Equity Plan or Mirae Asset Flexi Cap? 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 Pure Equity Plan returned more over 3 years: 18.8% a year against 12.3%.
- ICICI Prudential Retirement Fund Pure Equity Plan returned more over 1 year: −2.7% against −3.2%.
- Mirae Asset Flexi Cap costs less: 0.74% a year against 0.93% (Direct plans).
- Mirae Asset Flexi Cap swung less over 3 years: a standard deviation of 14.0% a year against 16.1%.
- Mirae Asset Flexi Cap fell less in its worst fall since 27-02-2023: −16.1% against −16.9%.
- Mirae Asset Flexi Cap holds more in large companies: 61.0% of the fund in large caps against 49.5%.
- Mirae Asset Flexi Cap is the larger fund: ₹4,369 Cr against ₹2,106 Cr.
- Their portfolios overlap 32.7%: 25 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 Pure Equity Plan | Mirae Asset Flexi Cap Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Mirae Asset Mutual Fund |
| Category | Solution | Flexi Cap |
| AUM | ₹2,106 Cr (30-09-2026) | ₹4,369 Cr (30-09-2026) |
| NAV | ₹36.62 (Direct) | ₹16.38 (Direct) |
| Expense ratio (Direct) | 0.93% | 0.74% |
| Expense ratio (Regular) | 2.16% | 2.11% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 27-02-2019 | 24-02-2023 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | 5 years, or until retirement if earlier | None |
| Fund managers | Darshil Dedhia, Rohit Lakhotia, Sanket Gaidhani, Sharmila D'mello | Varun Goel |
| Exit load | Nil | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 year. |
ICICI Prudential Retirement Fund Pure Equity Plan vs Mirae Asset Flexi Cap: 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 Pure Equity Plan (Direct) | −3.20% | −6.68% | −4.14% | −2.66% | +18.82% | +17.17% | -- |
| Mirae Asset Flexi Cap Fund (Direct) | −0.84% | −3.12% | −0.09% | −3.21% | +12.30% | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | -- | -- |
Category average: the average of the 46 Flexi Cap funds, same plan type.
ICICI Prudential Retirement Fund Pure Equity Plan vs Mirae Asset Flexi Cap: Year-wise Returns
| Year | ICICI Prudential Retirement Fund Pure Equity PlanICICI Prudential Retirement Fund Pure Equity Plan | Mirae Asset Flexi CapMirae Asset Flexi Cap | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −3.33% | −4.81% | −7.51% |
| 2025 | +15.56% | +10.44% | +7.76% |
| 2024 | +25.21% | +19.05% | +16.24% |
| 2023 | +39.85% | -- | +26.91% |
| 2022 | +3.60% | -- | +4.25% |
| 2021 | +49.34% | -- | +31.60% |
ICICI Prudential Retirement Fund Pure Equity Plan vs Mirae Asset Flexi Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 164 of them, one for each trading day from 27-02-2026 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 Pure Equity Plan (Direct)
Mirae Asset Flexi Cap Fund (Direct)
Nifty 500 TRI
to
Mar 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Retirement Fund Pure Equity Plan | 0.0 | 0.0 | 0.0 | 0.0 | 18.3 | 48.8 | 32.9 | 23.2% | 23.1% | 17.9% | 28.4% | 100% |
| Mirae Asset Flexi Cap | 0.0 | 0.0 | 0.0 | 59.1 | 40.9 | 0.0 | 0.0 | 14.5% | 14.4% | 10.9% | 18.8% | 100% |
| Nifty 500 TRI | 0.0 | 0.0 | 11.6 | 66.5 | 22.0 | 0.0 | 0.0 | 13.1% | 13.1% | 8.8% | 17.9% | -- |
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. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 27-02-2023. Past returns do not promise future returns.
ICICI Prudential Retirement Fund Pure Equity Plan vs Mirae Asset Flexi Cap: 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 01-02-2023 to 30-10-2026: 45 instalments, ₹4,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Retirement Fund Pure Equity PlanICICI Prudential Retirement Fund Pure Equity Plan (Direct) | ₹4,50,000 | ₹5,66,491 | ₹1,16,491 | 12.3% |
| Mirae Asset Flexi CapMirae Asset Flexi Cap Fund (Direct) | ₹4,50,000 | ₹5,22,213 | ₹72,213 | 7.9% |
ICICI Prudential Retirement Fund Pure Equity PlanICICI Prudential Retirement Fund Pure Equity Plan (Direct)
Mirae Asset Flexi CapMirae Asset Flexi Cap 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 Pure Equity Plan vs Mirae Asset Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Retirement Fund Pure Equity Plan (Direct) | Mirae Asset Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.66% | −3.21% |
| Standard deviation | 14.52% | 13.91% |
| Sharpe ratio | -0.54 | -0.61 |
| Sortino ratio | -0.74 | -0.82 |
| Maximum drawdown | −11.4% (30-03-2026) | −13.7% (30-03-2026) |
| Beta | 0.98 | 0.95 |
| Alpha | +4.46% | +3.55% |
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 Pure Equity Plan (Direct) | Mirae Asset Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.82% | +12.30% |
| Standard deviation | 16.08% | 14.03% |
| Sharpe ratio | 0.80 | 0.45 |
| Sortino ratio | 1.07 | 0.61 |
| Maximum drawdown | −16.9% (28-02-2025) | −16.1% (07-04-2025) |
| Beta | 1.08 | 0.97 |
| Alpha | +8.26% | +2.23% |
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 Pure Equity Plan (Direct) | Mirae Asset Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.43% | +14.39% |
| Standard deviation | 17.18% | 13.21% |
| Sharpe ratio | 0.77 | 0.62 |
| Sortino ratio | 1.04 | 0.85 |
| Maximum drawdown | −37.2% (23-03-2020) | −16.1% (07-04-2025) |
| Beta | 0.93 | 0.96 |
| Alpha | +5.43% | +1.76% |
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 Pure Equity Plan (Direct)
Mirae Asset Flexi Cap Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Retirement Fund Pure Equity Plan (Direct) | −16.9% | 26-09-2024 | 28-02-2025 | 06-06-2025 | 3 months | −8.8% |
| Mirae Asset Flexi Cap Fund (Direct) | −16.1% | 26-09-2024 | 07-04-2025 | 27-06-2025 | 3 months | −5.5% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 27-02-2023, 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 Pure Equity Plan (Direct)
Mirae Asset Flexi Cap Fund (Direct)
Nifty 500 TRI
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 Pure Equity Plan (Direct)
Mirae Asset Flexi Cap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Retirement Fund Pure Equity Plan (Direct) | 126% | 92% | 4.41% |
| Mirae Asset Flexi Cap Fund (Direct) | 98% | 87% | 2.54% |
From month-end values since 27-02-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
ICICI Prudential Retirement Fund Pure Equity Plan vs Mirae Asset Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Retirement Fund Pure Equity Plan, September 2026; Mirae Asset Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 32.7%
- Held by both
- 25
- Only in ICICI Prudential Retirement Fund Pure Equity Plan
- 61
- Only in Mirae Asset Flexi Cap
- 62
| Security | % of ICICI Prudential Retirement Fund Pure Equity Plan | % of Mirae Asset Flexi Cap |
|---|---|---|
| HDFC Bank Ltd. | 4.99% | 5.37% |
| Reliance Industries Ltd. | 3.94% | 3.79% |
| ICICI Bank Ltd. | 2.29% | 5.38% |
| Bharti Airtel Ltd. | 2.36% | 2.09% |
| Mahindra & Mahindra Ltd. | 2.00% | 1.81% |
| Larsen & Toubro Ltd. | 1.74% | 1.95% |
| Multi Commodity Exchange Of India Ltd. | 3.81% | 1.68% |
| The Phoenix Mills Ltd. | 1.51% | 1.62% |
| Tech Mahindra Ltd. | 1.58% | 1.20% |
| Ultratech Cement Ltd. | 1.66% | 1.13% |
| Cummins India Ltd. | 2.31% | 1.01% |
| Life Insurance Corporation of India | 2.11% | 0.98% |
| Britannia Industries Ltd. | 2.13% | 0.94% |
| Titan Company Ltd. | 1.44% | 0.92% |
| Hindustan Aeronautics Ltd. | 1.17% | 0.89% |
| ITC Ltd. | 1.69% | 0.86% |
| BSE Ltd. | 0.85% | 1.24% |
| Vedanta Aluminium Metal Ltd. | 0.90% | 0.82% |
| Jindal Steel Ltd. | 0.73% | 1.04% |
| The Indian Hotels Company Ltd. | 1.23% | 0.62% |
| Infosys Ltd. | 0.52% | 1.42% |
| Interglobe Aviation Ltd. | 1.46% | 0.44% |
| Schaeffler India Ltd. | 0.40% | 0.82% |
| Voltamp Transformers Ltd. | 1.12% | 0.38% |
| Pidilite Industries Ltd. | 0.92% | 0.16% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.7% means 32.7% 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 Pure Equity Plan
| Security | % of fund |
|---|---|
| Hindustan Unilever Ltd. | 3.60% |
| Apar Industries Ltd. | 2.29% |
| Avenue Supermarts Ltd. | 2.25% |
| Usha Martin Ltd. | 1.91% |
| United Spirits Ltd. | 1.81% |
Largest holdings only in Mirae Asset Flexi Cap Fund
| Security | % of fund |
|---|---|
| State Bank of India | 2.44% |
| Axis Bank Ltd. | 2.29% |
| Lenskart Solutions Ltd. | 1.72% |
| Indus Towers Ltd. | 1.61% |
| Engineers India Ltd. | 1.51% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Retirement Fund Pure Equity Plan | Mirae Asset Flexi Cap |
|---|---|---|
| Equity | 95.8% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.2% | 0.3% |
Market cap of stocks
| Market cap | ICICI Prudential Retirement Fund Pure Equity Plan | Mirae Asset Flexi Cap |
|---|---|---|
| Large Cap | 49.5% | 61.0% |
| Mid Cap | 24.7% | 19.2% |
| Small Cap | 20.6% | 14.5% |
| Not on AMFI's list | 0.9% | 5.0% |
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 Pure Equity Plan | Mirae Asset Flexi Cap |
|---|---|---|
| Banks | 7.3% | 16.2% |
| Electrical Equipment | 8.3% | 1.9% |
| Industrial Products | 7.6% | 1.0% |
| Capital Markets | 5.9% | 7.4% |
| Pharmaceuticals & Biotechnology | 2.1% | 7.0% |
| Finance | 0.7% | 5.3% |
| Diversified Fmcg | 5.3% | 0.0% |
| Consumer Durables | 4.7% | 4.3% |
| Petroleum Products | 3.9% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Retirement Fund Pure Equity Plan vs Mirae Asset Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Retirement Fund Pure Equity Plan | Mirae Asset Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.93% | 0.74% |
| Base expense ratio (Direct) | 0.68% | 0.46% |
| Total expense ratio (Regular) | 2.16% | 2.11% |
| Base expense ratio (Regular) | 1.75% | 1.62% |
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
ICICI Prudential Retirement Fund Pure Equity Plan vs Mirae Asset Flexi Cap Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Retirement Fund Pure Equity Plan and Mirae Asset Flexi Cap Fund?
ICICI Prudential Retirement Fund Pure Equity Plan is a Solution fund, Mirae Asset Flexi Cap Fund is a Flexi Cap fund, run by ICICI Prudential Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 32.7%. ICICI Prudential Retirement Fund Pure Equity Plan charges 0.93% a year and Mirae Asset Flexi Cap Fund 0.74%.
Which has given higher returns, ICICI Prudential Retirement Fund Pure Equity Plan or Mirae Asset Flexi Cap Fund?
Over 1 year: ICICI Prudential Retirement Fund Pure Equity Plan −2.66%, Mirae Asset Flexi Cap Fund −3.21%. Over 3 years: ICICI Prudential Retirement Fund Pure Equity Plan +18.82% a year, Mirae Asset Flexi Cap Fund +12.30% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Retirement Fund Pure Equity Plan or Mirae Asset Flexi Cap Fund?
Mirae Asset Flexi Cap Fund charges less: 0.74% a year against 0.93%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Retirement Fund Pure Equity Plan and Mirae Asset Flexi Cap Fund overlap?
32.7%. They hold 25 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Retirement Fund Pure Equity Plan or Mirae Asset Flexi Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,16,692 in ICICI Prudential Retirement Fund Pure Equity Plan (XIRR 7.7% a year) and ₹3,99,781 in Mirae Asset Flexi Cap Fund (XIRR 5.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Retirement Fund Pure Equity Plan and Mirae Asset Flexi Cap Fund?
Yes. 32.7% 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 Pure Equity Plan and Mirae Asset Flexi Cap Fund?
ICICI Prudential Retirement Fund Pure Equity Plan: Darshil Dedhia, Rohit Lakhotia, Sanket Gaidhani, Sharmila D'mello. Mirae Asset Flexi Cap Fund: Varun Goel.
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.