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.
The ICICI Prudential Retirement Fund Hybrid Conservative Plan Regular Growth has an AUM of 92.95 crores & has delivered CAGR of 8.24% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 2.11%. The minimum investment in ICICI Prudential Retirement Fund Hybrid Conservative Plan Regular Growth is Rs 5000 and the minimum SIP is Rs 100.
As per morningstar the risk & return rating of the fund are Low & Moderate respectively.
The major sectors where the fund is invested are Auto & Truck Manufacturers, Iron & Steel, Construction - Raw Materials & Communications Services.
Some of the similar funds are Aditya Birla Sun Life Retirement Fund - The 40s Pln Regular Growth, Axis Retirement Fund - Conservative Plan Regular Growth, PGIM India Retirement Fund Regular Growth, ICICI Prudential Retirement Fund Hybrid Conservative Plan Regular Growth, ICICI Prudential Retirement Fund Pure Debt Plan Regular Growth. ICICI Prudential Retirement Fund Hybrid Conservative Plan Regular Growth has a sharpe ratio of 0.86 & a standard deviation of 4.52%.
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