ICICI Prudential Retirement Fund-Pure Equity Plan

April 4, 2026 RA Jainee Leave a reply

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ICICI Prudential Retirement Fund-Pure Equity Plan

⚖️ Sahifund Review – ICICI Prudential Retirement Fund-Pure Equity Plan ✔

✓ PLUS: This is one of the more impressive retirement-oriented equity funds in the market right now. It has delivered a very strong 3-year return of 24.79% and 5-year return of 21.35%, comfortably outperforming both the benchmark NIFTY 500 TRI and flexi-cap category averages. The fund also benefits from the credibility of ICICI Prudential Mutual Fund, which adds confidence for long-term retirement investing. Its 100-stock portfolio provides broad diversification, reducing stock-specific risk despite a pure equity mandate. The expense ratio of 0.71% is reasonable for an actively managed long-term product, and the built-in 5-year lock-in can actually help disciplined wealth creation by discouraging premature exits. For SIP investors with a retirement goal, this fund has shown strong suitability and long-term compounding potential.

⚖️ MINUS: The biggest limitation is that this is still a retirement fund with a lock-in, so liquidity is restricted and it may not suit investors who want flexibility. Compared with top flexi-cap peers, the fund’s portfolio P/E of 32.51 suggests a relatively expensive portfolio, which can increase valuation risk in volatile markets. Its 1-year return of 12.61% is good, but a part of this outperformance could normalize if market leadership changes. The turnover of 51% is not alarming, but it is still higher than some long-term compounder-style peers. Also, despite good diversification, the fund is not a “best of all worlds” solution — investors should remember it is still an equity-heavy, very high-risk retirement product, not a low-risk retirement solution.

Sahifund View (Decisive Line):

A strong retirement-focused equity fund for long-term SIP investors — ideal for disciplined wealth creation, provided you are comfortable with lock-in and equity volatility.

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| NFO Guidance |

What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail. 

Suitable For Which Investors? 
Flexi-cap funds are suitable for investors: 
1. Seeking exposure in a diversified set of stocks for high returns 
2. Aiming for long-term wealth creation 
3. With a 5+ year investment horizon 
4. Who are at ease with the market’s ups and downs 
Note: 
• Invest only through SIP 
• The fund carries a lock-in period of 5 years or till the investor attains retirement age, whichever is earlier 

Fund’s Investment Strategy: 
The scheme seeks to generate long-term capital appreciation and income generation to investors from a portfolio that is predominantly invested in equity and equity related securities. 

Fund Manager: 

1) Darshil Dedhia 
Education: Mr. Dedhia has done CA and CFA. 
Experience: He has been working with ICICI Prudential Mutual Fund since 2013. 
2) Rohit Lakhotia 
Education: Mr. Lakhotia has done B.Tech from NIT(Rourkela) and MBA from National Institute of Industrial Engineering 
Experience: Prior to joining ICICI Prudential Mutual Fund, he has worked with Yes Bank and Samsung Electronics 
3) Sanket Gaidhani 
Education: Chartered Accountant 
Experience: He joined ICICI Prudential AMC, he has been part of the Research Team, Relationship Manager of the AMC