FoFFoF DomesticDirectGrowthVery High

ICICI Prudential Multi-Asset Active FOF

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

As of 01 Oct 2026, the NAV of ICICI Prudential Multi-Asset Active FOF is ₹9.84 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Multi-Asset Active FOF delivered?

ICICI Prudential Multi-Asset Active FOF has returned -1.76% 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.

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

ICICI Prudential Multi-Asset Active 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.

Q: What are the top holdings of ICICI Prudential Multi-Asset Active FOF?

ICICI Prudential Multi-Asset Active FOF's largest holdings are ICICI Prudential Banking and Financial Services Fund - Direct - Growth (11.2%), ICICI Prudential Short Term Fund - Direct Plan - Growth Option (11.1%), ICICI Prudential Floating Interest Fund - Direct Plan (11.1%), ICICI Prudential Energy Opportunities Fund - Direct Plan - Growth (6.4%) and ICICI Prudential Large cap Fund - Direct Plan - Growth (5.3%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Multi-Asset Active FOF?

ICICI Prudential Multi-Asset Active FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 6.1% and its worst peak-to-trough fall in our sample was -4.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of ICICI Prudential Multi-Asset Active FOF?

ICICI Prudential Multi-Asset Active FOF is benchmarked against the Benchmark - 55% Nifty 200 TRI + 35% NIFTY Composite Debt Index + 7% Domestic Price of Gold + 3% Domestic Price of Silver. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Multi-Asset Active FOF?

ICICI Prudential Multi-Asset Active FOF is managed by Dharmesh Kakkad, Manish Banthia, Akhil Kakkar, Gaurav Chikane and Sharmila D'silva at ICICI Prudential.

Q: How is ICICI Prudential Multi-Asset Active FOF taxed?

ICICI Prudential Multi-Asset Active FOF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.

ICICI Prudential Mutual Fund · Best Domestic Fund of Funds

NAV

₹9.84

-0.53% 1D

as of 01 Oct 2026

This is the Direct plan of ICICI Prudential Multi-Asset Active FOF — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

-1.76%absolute

52-week rangePrev NAV ₹9.89

Latest ₹9.84

Low ₹9.840th percentile of its 52-week rangeHigh ₹10.24

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—

Not enough FoF Domestic peers to rank yet

RiskLow

Volatility 6.1% vs 17.8% category avg

CostAverage

0.3% expense vs 0.2% category avg

Consistency—

Not enough history for a rolling 3Y view

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 (6.1% vs 17.8%)

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.25%

Category 0.23%▲0.02%

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

—

Category —

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

—

Category 0.69

Scheme Info

Definitions

Plan

Direct · Growth

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

None

• NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 30% of the units (the limit) purchased or switched within 1 year from the date of allotment. • 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit within 1 Year from the date of allotment. • NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 Year from the date of allotment.The Trustees shall have a right to prescribe or modify the exit load structure with prospective effect subject to a maximum prescribed under the Regulations. For more details, refer section on ‘Load structure’.

Up to 1.00%

tiered — see the full terms

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

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

—

Benchmark - 55% Nifty 200 TRI + 35% NIFTY Composite Debt Index + 7% Domestic Price of Gold + 3% Domestic Price of Silver

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.

20 Jul 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

-3.04%

Absolute return over the last 3 months (not annualized)

-1.76%

Absolute return over the last 6 months (not annualized)

—

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

-1.76%

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.

-1.76%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

6.09%

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

-3.95%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

—

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 500 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)

—

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

—

Computed vs the Nifty 500 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. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (FoF Domestic)

Period	Fund	Category avg.	Diff
1M abs	-3.04%	-3.23%	+0.19%
3M abs	-1.76%	-0.25%	-1.51%
6M abs	—	+3.81%	—
1Y CAGR	—	+12.14%	—
3Y CAGR	—	+19.27%	—
5Y CAGR	—	+13.20%	—

Category average across peers in FoF Domestic (154 of 155 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.

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

₹20.00K

Current value

₹19.70K

Absolute

-1.52%

XIRR

-31.32%

Value vs. invested

ValueInvested

2 monthly installments of ₹10,000 into ICICI Prudential Multi-Asset Active FOF, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

Expense ratio

0.25%

Exit load

Taxation

Taxed as non-equity

This is a non-equity fund — a fund-of-funds, gold/silver, international or balanced-hybrid scheme. It isn't equity-oriented, but since FY 2025-26 it's no longer taxed like a pure-debt fund either: gains held over 2 years get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.

Short-term

30%

Held under 2 years

Added to your income at your slab rate

Long-term (LTCG)

12.5%

Held 2 years or more

No indexation, no ₹1.25 L exemption

Your income-tax slab

Sets the short-term (slab-rate) figure above.

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 · FoF Domestic

Compare all


ICICI Prudential Multi-Asset Active FOFThis fund ICICI Prudential · Direct · Growth	—	—	—	—	—	0.25%	—
Mirae Asset NYSE FANG + ETF Fund of Fund Mirae Asset · Direct · Growth	★★★★★	+46.31%	+59.01%	+36.50%	—	0.04%	₹2,418Cr
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Mirae Asset · Direct · Growth	★★★★★	+48.18%	+46.49%	+29.85%	—	0.04%	—
Aditya Birla Sun Life Silver ETF FOF Aditya Birla Sun Life · Direct · Growth	★★★★☆	+49.69%	+44.86%	—	—	0.32%	₹1,306Cr
Axis Silver Fund of Fund Axis · Direct · Growth	★★★★★	+48.85%	+43.37%	—	—	0.14%	₹1,209Cr
UTI Silver ETF Fund of Fund UTI · Direct · Growth	★★★★☆	+48.06%	+43.28%	—	—	0.14%	₹620.81Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other96.96%
Cash & Equivalents3.04%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

ICICI Prudential Banking and Financial Services Fund - Direct - Growth

11.20%

ICICI Prudential Short Term Fund - Direct Plan - Growth Option

11.13%

ICICI Prudential Floating Interest Fund - Direct Plan

11.13%

ICICI Prudential Energy Opportunities Fund - Direct Plan - Growth

6.40%

ICICI Prudential Large cap Fund - Direct Plan - Growth

5.32%

ICICI PRUDENTIAL SILVER ETF

5.18%

ICICI Prudential Commodities Fund - Direct - Growth

4.97%

ICICI Prudential Gold ETF

4.65%

ICICI Prudential Housing Opportunities Fund - Direct - Growth

4.14%

ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund - Direct Plan - Growth

4.12%

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

₹11,14,544Cr+1.0% QoQ

Avg AUM · April - June 2026

Website

icicipruamc.com

Fund Managers

DKDharmesh KakkadStart date not disclosed

Role

Senior Fund Manager - MF Equity

Total experience

Over 15 years

Education

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

Experience

Mr. Dharmesh Kakkad is a Senior Fund Manager and is associated with ICICI Prudential Asset Management Company Limited from June 2010. Prior to working in Investments function, he was working in the Operations Department of the AMC. ICICI Prudential Global Advantage Fund (FOF)

Funds managed (4)

All schemes Dharmesh Kakkad 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 21 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 - 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 (25)

All schemes Manish Banthia 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 (7)

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 →

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 (34)

All schemes Sharmila D'silva runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. 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.

Explore from here

Fund managers

Dharmesh Kakkad Manish Banthia Akhil Kakkar Gaurav Chikane Sharmila D'silva

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.

Run SIP calculator Add to compare

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.

From the blog

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07 Aug 2026
17 new schemes published a first NAV in July 2026, up from 5 in June. Life-cycle funds, multi-asset funds and momentum index products led the list.

Frequently asked questions

What is the NAV of ICICI Prudential Multi-Asset Active FOF?

As of 01 Oct 2026, the NAV of ICICI Prudential Multi-Asset Active FOF is ₹9.84 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Multi-Asset Active FOF delivered?

ICICI Prudential Multi-Asset Active FOF has returned -1.76% 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 Multi-Asset Active FOF?

ICICI Prudential Multi-Asset Active 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 Multi-Asset Active FOF?

ICICI Prudential Multi-Asset Active FOF's largest holdings are ICICI Prudential Banking and Financial Services Fund - Direct - Growth (11.2%), ICICI Prudential Short Term Fund - Direct Plan - Growth Option (11.1%), ICICI Prudential Floating Interest Fund - Direct Plan (11.1%), ICICI Prudential Energy Opportunities Fund - Direct Plan - Growth (6.4%) and ICICI Prudential Large cap Fund - Direct Plan - Growth (5.3%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Multi-Asset Active FOF?

ICICI Prudential Multi-Asset Active FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 6.1% and its worst peak-to-trough fall in our sample was -4.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of ICICI Prudential Multi-Asset Active FOF?

ICICI Prudential Multi-Asset Active FOF is benchmarked against the Benchmark - 55% Nifty 200 TRI + 35% NIFTY Composite Debt Index + 7% Domestic Price of Gold + 3% Domestic Price of Silver. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Multi-Asset Active FOF?

ICICI Prudential Multi-Asset Active FOF is managed by Dharmesh Kakkad, Manish Banthia, Akhil Kakkar, Gaurav Chikane and Sharmila D'silva at ICICI Prudential.

How is ICICI Prudential Multi-Asset Active FOF taxed?

ICICI Prudential Multi-Asset Active FOF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.

ICICI Prudential Multi-Asset Active FOF

Performance

Scorecard

Strengths & concerns

Strengths

Concerns

Key Metrics

Scheme Info

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

Annualized returns (≥1Y — CAGR)

Fund vs category average (FoF Domestic)

Backtest this fund

Taxation

Peer comparison · FoF Domestic

Asset allocation

AMC Profile

Fund Managers

Explore from here

ICICI Prudential in the news

From the blog

New mutual funds in July 2026: 17 launches

Frequently asked questions

Peer comparison · FoF Domestic