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    Fund Comparison

    ICICI Prudential Retirement Fund Pure Equity Plan vs HDFC Focused Fund — Which is Better in 2026?

    ICICI Prudential Retirement Fund Pure Equity Plan vs HDFC Focused Fund: 27.560% vs 23.160% 3Y returns. Compare risk, portfolio overlap & expense ratios ...

    AI GeneratedReviewed by Shivank RastogiUpdated 17 March 2026 3 min read
    Overlap
    11.49%

    Common portfolio exposure between the two funds.

    Common Stocks
    6

    Shared holdings driving the overlap score.

    Compared Funds
    2

    Head-to-head breakdown of returns, risk, and portfolio positioning.

    Returns Comparison

    Return comparison across the ranked funds using trailing 1Y, 3Y, and 5Y performance.

    Rolling Returns

    Rolling return ranges show how consistently each fund has delivered over time.

    Max Drawdown

    Drawdown highlights the peak-to-trough downside each fund has faced in recent periods.

    Portfolio Overlap

    Portfolio overlap shows which shared holdings contribute most to similarity between the compared funds.

    Common Holdings

    CompanyContribution
    HDFC Bank Ltd.3.96%
    ICICI Bank Ltd.2.99%
    Bharti Airtel Ltd.2.33%
    Bajaj Auto Ltd.1.14%
    Interglobe Aviation Ltd.0.96%
    Crompton Greaves Consumer Electricals Ltd.0.11%

    Detailed Fund Metrics

    Fund NameAUM (Cr)Exp RatioAlphaSharpe Ratio1Y Ret3Y Ret5Y RetRoll 3YDD 1YRecovery 1Y
    ICICI Prudential Retirement Fund Pure Equity Plan Direct GrowthEquity • Flexi Cap
    ₹1652.050.740%7.64921.264322.970%27.560%22.860%28.40%6.88%310d
    HDFC Focused Fund Direct GrowthEquity • Flexi Cap
    ₹26332.200.630%7.70491.551716.580%23.160%23.100%23.61%4.91%317d

    Introduction: The Battle of the Heavyweights

    In the dynamic world of mutual funds, choosing the right fund can significantly impact your investment journey. Today, we put two heavyweights in the Equity -> Flexi Cap category head-to-head: ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth and HDFC Focused Fund Direct Growth. Both funds have their unique strengths and cater to different investor profiles. Let's dive into the data to see which fund might be the better choice for your investment goals.

    Performance Breakdown: Returns vs Risk

    Rolling Returns

    When it comes to rolling returns, ICICI Prudential Retirement Fund has outperformed HDFC Focused Fund across all time frames:

    • 1-Year Rolling Return: ICICI Prudential at 25.46% vs. HDFC Focused at 17.27%
    • 3-Year Rolling Return: ICICI Prudential at 28.4% vs. HDFC Focused at 23.61%
    • 5-Year Rolling Return: ICICI Prudential at 22.71% vs. HDFC Focused at 22.78%

    Capital Protection: Max Drawdown and Recovery

    In terms of capital protection during market downturns, HDFC Focused Fund demonstrated better resilience:

    • 1-Year Max Drawdown: HDFC Focused at -4.91% vs. ICICI Prudential at -6.88%
    • 3-Year Max Drawdown: HDFC Focused at -11.57% vs. ICICI Prudential at -16.85%

    HDFC Focused Fund also had slightly longer recovery days, indicating a steadier recovery post-drawdown.

    Risk-Adjusted Performance

    • Sharpe Ratio: HDFC Focused Fund (1.5517) outperforms ICICI Prudential (1.2643), indicating better returns per unit of risk.
    • Sortino Ratio: HDFC Focused Fund (2.4820) again leads over ICICI Prudential (1.8555), showcasing superior downside risk protection.
    • Alpha: HDFC Focused Fund (7.7049) slightly edges out ICICI Prudential (7.6492) in terms of outperformance against the benchmark.

    Overall, HDFC Focused Fund emerges as the better compounder on a risk-adjusted basis.

    Portfolio Overlap & Sector Bets

    Sector Allocation

    • ICICI Prudential Retirement Fund: Diversified sector allocation with top sectors being Financial (12.59%), Services (11.96%), and Construction (11.11%).
    • HDFC Focused Fund: Heavy concentration in Financials (40.9%), followed by Automobile (13.37%) and Healthcare (6.82%).

    The stark difference in sector allocation explains the variance in returns. HDFC's significant bet on Financials has provided stability and consistent returns, while ICICI's diversified approach offers exposure to multiple growth sectors.

    Portfolio Overlap

    Both funds share a portfolio overlap of 11.49%, with common holdings in major companies like HDFC Bank Ltd. and ICICI Bank Ltd. This overlap suggests some similarity in core holdings, yet their sector strategies diverge significantly.

    The Final Verdict: Which Should You Buy?

    For investors, the choice between these two funds depends on your risk appetite and investment horizon:

    • Aggressive Investors: ICICI Prudential Retirement Fund may appeal due to its higher rolling returns and diversified sector exposure, suitable for those seeking growth with moderate risk.
    • Conservative and Long-Term Investors: HDFC Focused Fund is ideal, offering superior risk-adjusted returns, better capital protection, and a strong focus on the financial sector, which can provide stability and consistent growth over time.

    In conclusion, both funds have their merits, but aligning your choice with your investment goals and risk tolerance is key to maximizing your portfolio's potential.

    Optimize Your Specific Portfolio

    Our AI doesn't just rank funds; it analyzes your exact holdings to find overlap, high expenses, and underperformance.

    Our Methodology

    Nivesh Composite Score

    Funds are ranked using a min-max normalised composite score computed across all active funds in the same sub-category. Each metric is scaled 0–100 relative to category peers and then weighted:

    FactorWeightWhy it matters
    5-Year Return30%Long-term compounding ability
    3-Year Return30%Medium-term consistency
    1-Year Return20%Recent momentum
    Sharpe Ratio15%Return generated per unit of risk
    Alpha5%Outperformance vs benchmark

    A fund scoring 85/100 means it ranks in the top 15% of its category across all five dimensions combined.

    Rolling Returns (CAGR)

    We compute point-to-point CAGR from actual daily NAV data rather than relying on declared fund returns. For periods over 1 year, the formula is:

    CAGR = (Latest NAV ÷ Historical NAV)^(1/years) − 1

    NAV values are matched within a ±15-day window to handle weekends and market holidays. Periods covered: 6 months, 1 year, 3 years, and 5 years.

    Maximum Drawdown

    Drawdown measures the worst peak-to-trough fall a fund experienced over a given period. We track:

    • Max Drawdown %: The deepest decline from any previous all-time high within the window
    • Recovery Days: How many calendar days the fund took to climb back to its pre-drawdown peak (null = still recovering)

    We compute drawdowns over 1-year and 3-year windows from daily NAV data.

    Annualised Volatility

    Volatility is calculated as the standard deviation of daily logarithmic returns, annualised by multiplying by √252 (trading days per year). A fund with 18% annualised volatility means a ₹1,00,000 investment could swing by roughly ±₹18,000 in a typical year.

    Data Sources

    All NAV data is sourced from AMFI India. Performance metrics, holdings, and AUM figures come from fund house disclosures and are refreshed daily. Expense ratios, Sharpe ratios, Sortino ratios, and Alpha are sourced from standardised SEBI-mandated fund factsheets.

    Related Reads

    Compared Funds

    Fund 1
    Moderately High Risk

    ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth

    Alpha7.65
    Sortino1.86
    Roll 3Y28.40%
    DD 1Y6.88%
    Top Holdings
    HDFC Bank Ltd.3.96%
    ICICI Bank Ltd.2.99%
    Hindustan Unilever Ltd.2.88%
    Overlap Snapshot
    Shared portfolio11.49%
    Common stocks6
    ₹1652.05 CrExp: 0.740%
    Fund 2
    Very High Risk

    HDFC Focused Fund Direct Growth

    Alpha7.70
    Sortino2.48
    Roll 3Y23.61%
    DD 1Y4.91%
    Top Holdings
    HDFC Bank Ltd.9.89%
    ICICI Bank Ltd.9.62%
    Axis Bank Ltd.7.81%
    Overlap Snapshot
    Shared portfolio11.49%
    Common stocks6
    ₹26332.20 CrExp: 0.630%