Fundalysisby DARKHORSESTOCKS

Scheme

ICICI Prudential Retirement Fund Hybrid Conservative Plan

Holds 20 companies worth ₹21.5 Cr in Sept 2026.

  • Fund house

    ICICIThe fund house that runs this scheme.

  • AUM

    ₹95.3 CrICICI Prudential Retirement Fund Hybrid Conservative Plan's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.4% on Aug 2026, ₹97.6 Cr.

  • Largest holding

    LIC of India LtdLIC of India Ltd is 2.1% of this scheme's NAV.

  • Fund manager

    Rohit LakhotiaRuns its co-manager part since 12 Jun 2023, as the fund house dates it. With Darshil Dedhia (co-manager), Manasvi Shah (co-manager).

Overview(13 Jan 2026)

Fund managers3

  1. Rohit LakhotiaCo-manager · Jun 2023 · 14y · CFA MBA
  2. Darshil DedhiaCo-manager · Jan 2024 · 12y
  3. Manasvi ShahCo-manager · Aug 2025 · 9y · B.Com
  1. Lalit KumarJun 2023 – Sept 2025

Key facts

Benchmark
Nifty 50 Hybrid Composite Debt 15:85 Conservative Index
Expense
Regular 2.12% · Direct 0.94%
Exit load
Nil
Started
27 Feb 2019
Minimum
₹5,000

Source.Its Scheme Summary Document as of 13 Jan 2026 at AMFI.

What changed(5 changes)

Sept 2025

2 changes
  1. Manasvi Shah joined
    9 Septas co-manager
  2. Lalit Kumar left
    9 Septran it as co-manager from Jun 2023

Aug 2025

1 change
  1. Expense ratio
    11 AugRegular 2.11% → 2.12%Direct 0.87% → 0.94%

Jul 2025

1 change
  1. Expense ratio
    10 JulRegular 2.1% → 2.11%Direct 0.78% → 0.87%

Source.Its filings at NSE, since May 2025.

Fund managers over time(Jun 2023 – now)

  1. Rohit Lakhotia
  2. Darshil Dedhia
  3. Manasvi Shah
  4. Lalit Kumar
MainCoSlice202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(May 2025 – Jan 2026)

Every change to the expense ratio, newest first.
4 changesRegularDirectΔ pt
11 Aug 20252.12%0.94%0.07
10 Jul 20252.11%0.87%0.09
9 Jun 20252.10%0.78%0.09
8 May 20252.09%0.69%–
Direct plan, 11 Aug 2025
0.94%
Regular plan 2.12% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(13 Jan 2026)

Objective

To generate regular income through investments predominantly in debt and money market instruments. The Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. However, there is no assurance or guarantee that the investment objective of the plan would be achieved.

Risk, type and benchmark

At launch
Moderately High
Type
Open Ended
Benchmark
Nifty 50 Hybrid Composite Debt 15:85 Conservative Index

Asset allocation it may hold% of NAV

  1. Debt Securities, money market instruments
    Allowed70–95%Holds77.4%
  2. Equity & Equity related instruments
    Allowed5–30%Holds22.6%
  3. Units issued by InvITs
    Allowed0–10%Holds0.0%

Holds in Sept 2026.22.6% equity · 77.4% debt and cash

How to invest(13 Jan 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
SIP how often
Daily, Weekly, Fortnightly, Monthly, Quarterly
SIP dates
All dates
SIP minimum
100 Choti SIP = Monthly = Rs. 250 only (For classifying as Choti SIP amount should not be more or less than Rs.250/-), then multiples of Re. 1
SIP instalments
Daily, Weekly, Fortnightly, Monthly will be 6 and Quarterly 4 Choti SIP = Monthly = 60

Selling and switching

To redeem
Any amount
Switch minimum
₹5,000
Switch multiples
Any amount
STP how often
Daily,Weekly,Fortnightly, Monthly,Quarterly
STP dates
Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Fortnightly = 1st and 16th day of each month as applicable Monthly = Any date* Quarterly = Any date* *In case the date chosen for STP falls on a non-business day or on a day which is not available in a particular month, the STP will be processed on the immediate next business day.
STP minimum
Monthly, Weekly, Fortnightly, Quarterly = Rs. 1,000 Daily = Rs. 250, then re. 1/-
STP instalments
Daily,Weekly, Fortnightly, Monthly = 6 Quarterly = 4
SWP how often
Monthly, Quarterly, Half Yearly, Annual
SWP dates
All dates
SWP minimum
Any amount, then multiples of Re. 1
SWP instalments
2

Scheme details(13 Jan 2026)

What it is

Category
Solution Oriented - Retirement Fund
Offer
7 Feb 2019 to 21 Feb 2019
Started
27 Feb 2019
Reopened
7 Mar 2019
Plans
ICICI Prudential Retirement Fund - Hybrid Conservative Plan - Direct Plan - Growth · ICICI Prudential Retirement Fund - Hybrid Conservative Plan - Direct Plan - IDCW · ICICI Prudential Retirement Fund - Hybrid Conservative Plan - Regular Plan - Growth · ICICI Prudential Retirement Fund - Hybrid Conservative Plan - Regular Plan - IDCW
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
HDFC Bank Limited, SBI-SG Global Securities Services Pvt. Ltd., Citibank N. A. and Hongkong and Shanghai Banking Corporation Limited (HSBC)
Auditor
BSR & Co. LLP
Registrar
Computer Age Management Services Limited
SEBI code
ICIC/O/S/RET/18/10/0087