ICICI Prudential Income plus Arbitrage Omni FOF
ICICI Prudential Mutual Fund · Best Domestic Fund of Funds
This is the Regular plan of ICICI Prudential Income plus Arbitrage Omni FOF — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returns (+9.28% 3Y CAGR)NAV history
Scorecard
★★☆☆☆2/5 vs 68 of 127 FoF Domestic peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within FoF Domestic (same plan and option). 68 of the 127 FoF Domestic funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +6.15% · ranks 51 of 127 FoF Domestic funds
Volatility 5.3% vs 14.7% category avg
0.3% expense vs 0.7% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Less volatile than its FoF Domestic peers (5.3% vs 14.7%)
- Low expense ratio (0.25%) vs the FoF Domestic average of 0.66%
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- 1-year return (+6.41%) trails the FoF Domestic average (+21.70%)
- 3-year return (+6.15%) trails the FoF Domestic average (+14.59%)
- 5-year return (+3.68%) trails the FoF Domestic average (+9.21%)
- Weaker risk-adjusted returns — Sharpe -0.07 below the FoF Domestic average of 0.26
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark ratios
Not shown for FoF Domestic — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.
Fund vs category average (FoF Domestic)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.49% | +3.28% | -2.79% |
| 3M abs | +2.50% | +2.14% | +0.36% |
| 6M abs | +3.43% | +2.53% | +0.90% |
| 1Y CAGR | +6.41% | +21.70% | -15.29% |
| 3Y CAGR | +6.15% | +14.59% | -8.44% |
| 5Y CAGR | +3.68% | +9.21% | -5.53% |
Category average across peers in FoF Domestic (125 of 127 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 127 peers in FoF Domestic
Rolling returns
Return for every possible 1Y holding period, not just today’s
233 overlapping 1Y windows, sampled monthly across the fund’s history.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into ICICI Prudential Income plus Arbitrage Omni FOF, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +4.10% | |
| 2025 | +6.61% | |
| 2024 | +2.95% | |
| 2023 | +4.70% | |
| 2022 | -2.36% | |
| 2021 | +10.75% | |
| 2020 | +9.19% | |
| 2019 | +8.58% | |
| 2018 | +6.37% | |
| 2017 | +5.75% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Worst falls, and the wait to get back
How far this fund has dropped from a high, and how long it took to reclaim it.
- -20.8%07 Jan 2008 → 20 Nov 2008
Fell over 10 months, back to the old high on 31 Jul 2009 — 8 months under water after the low.
- -14.6%01 Jan 2008 → 02 Jan 2008
Fell over 1 day, back to the old high on 03 Jan 2008 — 1 day under water after the low.
- -14.1%20 Feb 2020 → 23 Mar 2020
Fell over 32 days, back to the old high on 17 Aug 2020 — 5 months under water after the low.
Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
Frequently asked questions
What is the NAV of ICICI Prudential Income plus Arbitrage Omni FOF?
As of 21 Aug 2026, the NAV of ICICI Prudential Income plus Arbitrage Omni FOF is ₹51.33 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has ICICI Prudential Income plus Arbitrage Omni FOF delivered?
ICICI Prudential Income plus Arbitrage Omni FOF has returned +6.41% over 1 year, +6.15% per year over 3 years, +3.68% per year over 5 years and +7.16% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of ICICI Prudential Income plus Arbitrage Omni FOF?
ICICI Prudential Income plus Arbitrage Omni FOF charges an expense ratio of 0.25% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of ICICI Prudential Income plus Arbitrage Omni FOF?
Its largest holdings are ICICI Prudential Arbitrage Direct-Growth (37.4%), ICICI Prudential Ultra Short Term Direct Plan -Growth (33.5%), ICICI Prudential Long Term Gilt Direct Plan-Growth (13.2%), ICICI Prudential Nifty PSU Bond Plus SDL Sep 2027 40:60 Index Fund Direct - Growth (10.0%) and ICICI Prudential Savings Direct Plan -Growth (3.9%). Holdings are disclosed monthly and change over time.
How risky is ICICI Prudential Income plus Arbitrage Omni FOF?
It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 5.3% and its worst peak-to-trough fall in our sample was -20.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of -0.07 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Income plus Arbitrage Omni FOF's -0.07 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of ICICI Prudential Income plus Arbitrage Omni FOF?
ICICI Prudential Income plus Arbitrage Omni FOF is benchmarked against the Nifty 500. Its alpha and beta on this page are measured against that index.
Who manages ICICI Prudential Income plus Arbitrage Omni FOF?
ICICI Prudential Income plus Arbitrage Omni FOF is managed by Ritesh Lunawat and Manish Banthia at ICICI Prudential.
How is ICICI Prudential Income plus Arbitrage Omni FOF taxed?
ICICI Prudential Income plus Arbitrage Omni FOF is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.