ICICI Prudential Mutual Fund has launched the ICICI Prudential Multi-Asset Active FOF, an open-ended Fund of Funds (FOF).
This scheme provides a streamlined solution for multi-asset diversification by investing in active equity and debt schemes, alongside Gold and Silver ETFs.
The New Fund Offer (NFO) is open from 30-June-2026 to 14-July-2026, with units priced at ₹ 10.
ICICI Prudential Multi-Asset Active FOF NFO Details
Feature | Details |
Fund Name | ICICI Prudential Multi-Asset Active FOF |
Fund Type | Open ended fund of funds scheme |
Category | Other Scheme – FOF – Hybrid FoF (Domestic) – Multi Asset Allocation FoF |
Benchmark | 55% Nifty 200 TRI + 35% NIFTY Composite Debt Index + 7% Domestic Price of Gold + 3% Domestic Price of Silver |
Fund Managers | Mr. Dharmesh Kakkad, Mr. Manish Banthia, Mr. Akhil Kakkar, Mr. Gaurav Chikane, Ms. Sharmila D’silva |
NFO Open Date | 30-June-2026 |
NFO Close Date | 14-July-2026 |
Allotment Date | 22-July-2026 |
Minimum Investment | ₹ 1,000/- |
Additional Investment | ₹ 1,000/- |
SIP | ₹ 1000/- |
NAV | ₹ 10/- |
Stamp Duty | 0.005% of transaction value |
Entry Load | Nil |
Exit Load | 1% if redeemed within 1 year (for amounts > 30% of units); Nil after 1 year |
Company Details
Feature | Details |
AMC Name | ICICI Prudential Asset Management Company Limited |
AUM | ₹11,69,422 crores |
Website | |
Address | 12th Floor, Narain Manzil, 23, Barakhamba Road, New Delhi – 110 001 |
Contact Number | 1800222999 (MTNL/BSNL); 18002006666 (Others) |
Source: AMFI India : New fund offer
What has ICICI Prudential Mutual Fund launched?
ICICI Prudential Mutual Fund has introduced a Multi-Asset Active Fund of Funds. Unlike a traditional mutual fund that buys individual stocks or bonds directly, this FOF invests its corpus into units of other existing mutual fund schemes.
Specifically, it allocates capital across active equity schemes, debt schemes, and Gold/Silver ETFs to maintain a diversified portfolio.
How does the strategy work?
The scheme follows an active investment strategy. This means the fund managers do not just “buy and hold” a static mix of assets.
The managers continuously evaluate the macroeconomic environment, including interest rates, inflation, corporate sector performance, and market liquidity to determine the appropriate allocation for each asset class.
Strategy process
Step | What happens? |
1. Analysis | Fund managers assess prevailing market conditions and macro indicators. |
2. Selection | The team identifies suitable active equity, debt, and precious metal ETFs. |
3. Allocation | Capital is deployed across these identified underlying schemes. |
4. Monitoring | The portfolio is reviewed regularly to ensure alignment with market changes. |
5. Rebalancing | Periodic rebalancing occurs to maintain the desired asset allocation. |
Let’s see through an example
Imagine you wish to invest ₹10,000. Instead of you manually purchasing an equity fund, a debt fund, and a gold ETF, you invest the full ₹10,000 into the ICICI Prudential Multi-Asset Active FOF.
The fund manager then uses this capital to buy the underlying units of various equity funds, debt funds, and precious metal ETFs based on their internal assessment of the market.
Potential benefits
Potential benefit | Why does it matter? |
Diversification | It combines multiple asset classes (equity, debt, gold/silver) in one fund, reducing reliance on any single asset. |
Professional Management | Experienced fund managers make allocation decisions based on market analysis. |
Gold/Silver Exposure | It provides built-in exposure to precious metals as a potential hedge against market volatility. |
Simplicity | You manage one fund instead of tracking multiple separate schemes. |
What are the key risks?
Risk | What Does It Mean? |
Very High Risk | The scheme carries a “Very High” risk profile on the risk-o-meter, indicating potential for significant value fluctuations. |
Underlying Fund Risk | If the underlying schemes perform poorly, this fund’s performance will also be negatively impacted. |
Market Risk | Equity and commodity markets are inherently volatile, which may affect the NAV. |
Double Expense | You bear the recurring expenses of this FOF in addition to the expenses of the underlying schemes. |
Who may consider this fund?
Investor Type | Why? |
Long-term Investors | Aiming for long-term wealth creation with a multi-asset approach. |
Diversification Seekers | Want exposure to equity, debt, and gold/silver without managing separate portfolios. |
High Risk Tolerant | Comfortable with “Very High” risk, as indicated by the scheme’s riskometer. |
Who may not find it suitable?
Investor Type | Why? |
Conservative Investors | Seeking capital preservation; the “Very High” risk rating is likely not appropriate. |
Short-term Investors | The strategy is designed for long-term wealth creation, not short-term gains. |
Cost-Sensitive Investors | Aware that FOF structures involve expenses at both the FOF and underlying fund levels. |
ICICI Prudential Multi-Asset Active FOF vs Traditional Investment Options
Option | Return Potential | Risk | Complexity |
Fixed Deposit | Low | Low | Low |
Debt Mutual Fund | Moderate | Moderate | Moderate |
Hybrid Mutual Fund | Moderate to High | Moderate to High | Moderate |
Equity Mutual Fund | High | High | Moderate |
New Fund (FOF) | Variable | Very High | Moderate |
Zenith Finserve’s view
The fund’s structure relies heavily on the performance of the underlying actively managed schemes.
You should focus on how this fund fits into your existing portfolio while diversification across equity, debt, and precious metals is a foundational principle of risk management.
How can Zenith Finserve help?
At Zenith Finserve, we follow a process-driven investment framework. We assess your goals, cash flows, risk profile, time horizon, existing investments, loans, and tax situation before suggesting investments.
We align our investment suggestions to match your needs. Then, we review them periodically to keep them aligned with your changing life and financial position.
Frequently Asked Questions
Is there an entry load for this fund?
No, there is no entry load charged for this scheme.
What is the minimum investment required?
The minimum application amount for the NFO and ongoing offer is ₹ 1,000.
Does this fund guarantee returns?
No, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Can I exit the fund at any time?
Yes, as an open-ended scheme, you can redeem your units on any business day, subject to applicable exit loads.
How is this different from a regular equity fund?
Unlike a dedicated equity fund, this FOF invests in a mix of equity, debt, and Gold/Silver ETFs, providing a broader asset class diversification.
What is the risk level of this scheme?
According to the riskometer, the risk of the scheme is “Very High”.
Is a Systematic Investment Plan (SIP) available?
Yes, SIP registration facility is available during the NFO.
Will the scheme be listed on stock exchanges?
Being an open-ended scheme, the units will not be listed on any stock exchange at present, though the Trustees reserve the right to list them in the future.
