The ICICI Prudential Retirement Fund – Hybrid Aggressive – Direct Plan closed at a net asset value (NAV) of ₹31.65 on September 2, 2026, according to the latest available data. The fund, managed by ICICI Prudential Asset Management Co. Ltd., is classified as a hybrid scheme with a focus on aggressive equity exposure.
Fund structure and investment strategy
The scheme is designed as an open-ended hybrid fund, primarily investing in equity and equity-related securities to drive capital appreciation. While its core allocation targets stocks, the fund may also hold debt instruments, gold or gold exchange-traded funds (ETFs), and units of real estate investment trusts (REITs) and infrastructure investment trusts (InvITs).
Its benchmark is the CRISIL Hybrid 35+65 – Aggressive Index, which reflects a similar mix of asset classes. The fund was launched on February 7, 2019, and operates from the company’s headquarters in Mumbai’s Bandra Kurla Complex.
Portfolio composition and sector exposure
The fund’s holdings are concentrated in a few key industries. Financial services dominate, with significant positions in private-sector banks, non-banking financial companies (NBFCs), and public-sector lenders. Other major allocations include construction and engineering, gems and precious metals, and real estate investment trusts.
Some of its top individual holdings include Samvardhana Motherson International Ltd., Bharat Petroleum Corporation Ltd., and HDFC Life Insurance Company Ltd.. The fund also holds units of Brookfield India Real Estate Trust REIT, reflecting its exposure to commercial real estate.
Still, the fund’s performance over shorter periods has been uneven. Its one-year return of 11.37% trails its three-year average of 18.52%, while the five-year return stands at 15.65%. Those numbers don’t account for market volatility or the impact of dividend payouts under the IDCW (income distribution cum capital withdrawal) option.
Assets under management and investor profile
The fund’s assets under management (AUM) total ₹1,273.22 crore, a figure that reflects both investor inflows and the performance of its underlying holdings. While not among the largest retirement funds, its size suggests steady participation from individuals planning for long-term financial goals.
Investors in the direct plan benefit from lower expense ratios compared to regular plans, which include distributor commissions. The IDCW variant allows for periodic payouts, which can appeal to retirees seeking regular income. However, those payouts reduce the fund’s NAV over time, potentially affecting long-term growth.
Past performance, as always, doesn’t guarantee future results. The fund’s returns have fluctuated with broader market trends. For investors considering it, the risk-reward balance may depend on their comfort level with equity exposure in their retirement portfolio.
