HybridMulti Asset AllocationRegularGrowthHigh

ICICI Prudential Multi-Asset Fund

Q: What is the NAV of ICICI Prudential Multi-Asset Fund?

The last published NAV of ICICI Prudential Multi-Asset Fund was ₹22.85 per unit, on 24 Apr 2020. The scheme has not published a NAV since then — it has likely been merged, wound up or discontinued, so this figure is historical, not a current price.

Q: What is the expense ratio of ICICI Prudential Multi-Asset Fund?

ICICI Prudential Multi-Asset Fund charges an expense ratio of 1.42% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: How risky is ICICI Prudential Multi-Asset Fund?

ICICI Prudential Multi-Asset Fund sits at the high level on our estimate of SEBI's risk-o-meter scale and its worst peak-to-trough fall in our sample was 30.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: Who manages ICICI Prudential Multi-Asset Fund?

ICICI Prudential Multi-Asset Fund is managed by Sharmila D'silva, Manish Banthia, Priyanka Khandelwal, Sankaran Naren, Nitya Mishra, Akhil Kakkar, Gaurav Chikane, Masoomi Jhurmarvala and Ihab Dalwai at ICICI Prudential.

Q: How is ICICI Prudential Multi-Asset Fund taxed?

ICICI Prudential Multi-Asset Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

ICICI Prudential Mutual Fund · Best Multi Asset Allocation Mutual Funds

NAV

₹22.85

as of 24 Apr 2020

This is the Regular plan of ICICI Prudential Multi-Asset Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

This scheme hasn’t published a NAV since 24 Apr 2020 — it appears to have been discontinued or merged. Trailing return and risk metrics need recent pricing, so they can’t be computed; only the NAV history and lifetime drawdown are shown below.

Performance

-14.18%CAGR

52-week rangePrev NAV ₹23.20

Latest ₹22.85

Low ₹19.6337th percentile of its 52-week rangeHigh ₹28.29

Scorecard

Not rated

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. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

No 3-year record to rank on yet

Risk—

Volatility not available yet

CostLow

1.4% expense vs 2.2% category avg

ConsistencyHigh

99% 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

Low expense ratio (1.42%) vs the Multi Asset Allocation average of 2.18%
Consistent — positive in 99% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.42%

Direct 0.83% · Regular 1.42%

Category 2.18%▼0.76%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.71

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Dispatch of redemption proceeds As per the Regulations, the redemption proceeds shall be dispatched within 3 business Days of receiving the redemption request subject to exceptional situations and additional timelines for redemption payments provided by AMFI vide its letter no. AMFI/ 35P/ MEM-COR/ 74 / 2022-23 dated January 16, 2023”. A penal interest of 15% p.a. or such other rate as may be presc

—

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Benchmark

—

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

16 May 2011

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

—

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

Absolute return since 1 Jan of this year (not annualized)

—

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

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Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

—

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-30.61%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

—

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 50 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

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Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty 50 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees; price means no free daily yield exists for that index, so the fund's alpha includes roughly the index's dividend yield. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.25L

Absolute

+4.09%

XIRR

+1.63%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ICICI Prudential Multi-Asset Fund, 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	Nifty 50 TRI	Diff
2020part	-17.55%	—	—
2019	+8.52%	+13.43%	-4.91%
2018	-1.11%	+4.40%	-5.51%
2017	+29.37%	+30.12%	-0.75%
2016	+13.38%	+4.44%	+8.94%
2015	-0.53%	—	—
2014	+38.02%	—	—
2013	+17.55%	—	—
2012	+31.55%	—	—
2011part	-16.53%	—	—

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; those years show no benchmark comparison.

History points

2,197

Expense ratio

1.42%

AUM

₹83,732Cr

Exit load

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

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.

Peer comparison · Multi Asset Allocation

Compare all


ICICI Prudential Multi-Asset FundThis fund ICICI Prudential · Institutional · Growth	—	—	—	—	—	1.42%	—
Quant Multi Asset Allocation Fund quant · Direct · Growth	★★★★☆	+10.52%	+21.67%	+17.83%	21.34	1.13%	₹6,467Cr
Quant Multi Asset Allocation Fund quant · Regular · Growth	★★★☆☆	+9.21%	+20.16%	+16.15%	—	2.28%	₹6,467Cr
Nippon India Multi Asset Allocation Fund Nippon India · Direct · Growth	★★★★★	+5.21%	+17.98%	+14.17%	20.06	0.48%	₹17,454Cr
DSP Multi Asset Allocation Fund DSP · Direct · Growth	★★★★★	+6.42%	+17.34%	—	16.85	0.62%	₹10,742Cr
Kotak Multi Asset Allocation Fund Kotak Mahindra · Direct · Growth	★★★☆☆	+5.74%	+16.66%	—	15.70	0.63%	₹15,048Cr

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.

-30.6%17 Jan 2020 → 23 Mar 2020
Still below that high — 2 months down, and no recovery yet.
-19.9%25 Jul 2011 → 20 Dec 2011
Fell over 5 months, back to the old high on 14 Sep 2012 — 9 months under water after the low.
-18.8%03 Mar 2015 → 29 Feb 2016
Fell over 12 months, back to the old high on 12 Jul 2016 — 4 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.

Fund size over time

Quarterly average AUM · AMFI

₹83,732Cr

April - June 2026

+4%

since January - March 2026

+₹3,158Cr

est. net flow, last quarter

At or near its largest, ₹83,732Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.

Launched

11 Oct 1993

Total AUM

₹11,55,871Cr+3.7% QoQ

Avg AUM · July - September 2026

Website

icicipruamc.com

Fund Managers

SDSharmila D'silvaStart date not disclosed

Role

Fund Manager – MF Equity

Total experience

Over 8 years

Education

CA and Bachelor of Commerce in Accounting and Finance (BAF)

Experience

Sharmila D’silva is associated with ICICI in Prudential Asset Management Company Limited from September 2016. She is involved in economics research, strategy research and business cycle research.

Funds managed (33)

All schemes Sharmila D'silva runs →

MBManish BanthiaStart date not disclosed

Role

Chief Investment Officer - Fixed Income

Education

Chartered Accountant, MBA and B.Com

Experience

Mr. Manish Banthia is the Chief Investment Officer for the Fixed Income Investments. He is associated with ICICI Prudential Asset Management Company Limited since October 2005. He has an overall work experience of around 22 years. Past Experience: ~ ICICI Prudential Asset Management Company Limited - Fixed Income Investments August 2007 to October 2009. ~ ICICI Prudential Asset Management Company Limited - New Product Development ICICI Prudential Corporate Bond Fund October 2005 to July 2007. ~ Aditya Birla Nuvo Ltd. – June 2005 to October 2005. ~ Aditya Birla Management Corporation Ltd. – May 2004 to May 2005.

Funds managed (24)

All schemes Manish Banthia runs →

PKPriyanka KhandelwalStart date not disclosed

Role

Fund Manager – MF Equity

Education

Asset Chartered Accountant, Company Secretary, and B.Com

Experience

She joined ICICI Prudential Asset Management Company Limited October 2014 and has over 10 years of experience. Past Experience: ~ ICICI Prudential Asset Management Company Limited - Deputy Manager- Finance - October 2014 to January 2016.

Funds managed (12)

All schemes Priyanka Khandelwal runs →

SNSankaran NarenStart date not disclosed

Education

IIM Kolkata

Experience

Mr. Sankaran Naren is the Executive Director and Chief Investment Officer of our Company. He holds a bachelor’s degree in technology in mechanical engineering from the Indian Institute of Technology, Madras, and a post graduate diploma in management from the Indian Institute of Management, Calcutta. He has more than 25 years of experience in the financial services industry including, including, inter alia, investment banking, fund management, equity research, and stock broking operations. He is presently a member of committee on equity matters at AMFI. He has previously been associated with Refco - Sify Securities India Private Limited, HDFC Securities Limited, The Hongkong and Shanghai Banking Corporation Limited and Yoha Securities Limited He received the “CIO of the Year” award in the subcategory for India at the Asia Asset Management 2023 Best of the Best Awards.

Funds managed (11)

All schemes Sankaran Naren runs →

NMNitya MishraStart date not disclosed

Role

Fund Manager – MF Equity

Total experience

Over 13 years

Education

Chartered Financial Analyst (CFA), PGDM – Finance from Xavier Institute of Management, Bhubaneswar, Bachelor of Technical Engineering in Electronics Communication NIT Bhopal.

Experience

She is associated with ICICI Prudential Asset Management Company in Limited from September 2016. She is involved in economics research, strategy research and business cycle research. She had joined the AMC in May 2018 as a Senior – Manager in the Risk Management Department of the AMC. & She has been appointed as a fund manager of certain schemes of the fund from July 2024. Past Experience: ~ SBI Capital Markets Limited - Manager-April 2015 to April 2018. ~ Crisil Limited – Senior Rating Analyst- April 2012 to March 2015. ~ Fidelity Investments Private Limited- Intern - April 2011 to June 2011. ~ DXC Technology Application Developer April 2008 to June 2010.

Funds managed (7)

All schemes Nitya Mishra runs →

AKAkhil KakkarStart date not disclosed

Role

Senior Fund Manager – Fixed Income

Education

PGDM (Finance) and B. Tech (Electrical)

Experience

Mr. Akhil joined ICICI Prudential Asset Management Company Limited in September 2015. He has around 18 years of experience. Past Experience: ~ Kotak Mahindra Bank Vice President, Debt Capital Markets - February 2010 to September 2015. ~ SBI Capital Markets Associate, Project Advisory ICICI Prudential Credit Risk Fund & Structured Finance - May 2009 to February 2010. ~Goldman Sachs Services Pvt Ltd - Analyst Developer - June 2005 to June 2007.

Funds managed (6)

All schemes Akhil Kakkar runs →

GCGaurav ChikaneStart date not disclosed

Role

Senior Manager – Dealing

Total experience

Over 10 years

Education

B.E. (IT), MBA (Finance) Since this is a new scheme, of the fund manager for this Scheme is not available.

Experience

appointed as the in the Department Company July 1, is currently a ICICI Prudential Gold ETF Exchange Traded Inditrade Business Limited – Limited – Accenture Services – IT

Funds managed (6)

All schemes Gaurav Chikane runs →

MJMasoomi JhurmarvalaStart date not disclosed

Role

Fund Manager – MF Equity

Total experience

Over 8 years

Education

Chartered Accountant and B.Com

Experience

Ms. Masoomi had joined ICICI Prudential Asset Management Company Limited in October 2016 and since then she worked as a Research Analyst in the Investment department of the AMC. During November 2024, she was appointed as fund manager for certain schemes.

Funds managed (6)

All schemes Masoomi Jhurmarvala runs →

IDIhab DalwaiStart date not disclosed

Role

Senior Fund Manager – MF Equity

Total experience

Over 14 years

Education

Chartered Financial Analyst (CFA), Chartered Accountant and B. Com

Experience

Mr. Ihab Dalwai started career with ICICI Prudential Asset Management Company Limited in April 2011. Prior to his present role, he was working as an Investment Analyst in the Investments Department of the AMC.

Funds managed (4)

All schemes Ihab Dalwai runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

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Fund managers

Sharmila D'silva Manish Banthia Priyanka Khandelwal Sankaran Naren Nitya Mishra Akhil Kakkar Gaurav Chikane Masoomi Jhurmarvala Ihab Dalwai

ICICI Prudential in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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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.

About Multi Asset Allocation funds

Multi asset funds spread money across at least three asset classes — typically equity, debt and gold — each at 10% or more. The mix aims to reduce the impact of any one asset having a bad year.

Frequently asked questions

What is the NAV of ICICI Prudential Multi-Asset Fund?

The last published NAV of ICICI Prudential Multi-Asset Fund was ₹22.85 per unit, on 24 Apr 2020. The scheme has not published a NAV since then — it has likely been merged, wound up or discontinued, so this figure is historical, not a current price.

What is the expense ratio of ICICI Prudential Multi-Asset Fund?

ICICI Prudential Multi-Asset Fund charges an expense ratio of 1.42% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

How risky is ICICI Prudential Multi-Asset Fund?

ICICI Prudential Multi-Asset Fund sits at the high level on our estimate of SEBI's risk-o-meter scale and its worst peak-to-trough fall in our sample was 30.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Who manages ICICI Prudential Multi-Asset Fund?

ICICI Prudential Multi-Asset Fund is managed by Sharmila D'silva, Manish Banthia, Priyanka Khandelwal, Sankaran Naren, Nitya Mishra, Akhil Kakkar, Gaurav Chikane, Masoomi Jhurmarvala and Ihab Dalwai at ICICI Prudential.

How is ICICI Prudential Multi-Asset Fund taxed?

ICICI Prudential Multi-Asset Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.