The ICICI Prudential Multi-Asset Fund Direct Plan-Growth has delivered strong performance with ₹4,761 returns over 3 years at 17.52% CAGR. As per latest data from Angel One, the fund's Net Asset Value (NAV) stands at ₹889.45 as of June 28, 2026. The fund maintains an expense ratio of 0.61% and has been operational since its launch on January 1, 2013, demonstrating consistent long-term performance across multiple market cycles.
ICICI Prudential Mutual Fund has launched Multi-Asset Active FOF, an open-ended fund of funds scheme that invests in units of active equity-oriented schemes, debt-oriented schemes, and Gold ETFs/Silver ETFs. According to reports from Business Standard, the NFO opened on June 30, 2026 and will close on July 14, 2026. The scheme is now open for subscription with a minimum investment amount of ₹1,000 and is available in both Direct Plan and Regular Plan. The fund will be managed by Dharmesh Kakkad, Manish Banthia, Akhil Kakkar, Sharmila D'silva and Gaurav Chikane.
The fund aims to balance equity, debt and precious metal exposure through a structured approach that combines three broad objectives: equity exposure for potential long-term wealth creation, debt exposure for relatively stable income generation, and gold and silver exposure for diversification and possible inflation protection. As reported by Business Standard, Sankaran Naren, Executive Director and Chief Investment Officer at ICICI Prudential AMC, emphasized that different asset classes perform differently across economic and market cycles, making disciplined asset allocation an important component of long-term investing. The scheme brings together active equity, debt and Gold ETF/Silver ETF in a single portfolio using proprietary valuation and macroeconomic models to actively adjust allocations.
The portfolio allocation framework comprises 30-80% in units of active equity-oriented schemes, 10-60% in units of active debt-oriented schemes, and 10-30% in Gold ETFs and silver ETFs. According to the fund details reported by Business Standard, considering current market conditions, exposure to Gold ETFs will be restricted to 5% of AUM, and this will be reviewed over time. The fund can also allocate portions to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), and preference shares, providing comprehensive diversification across multiple asset classes. The benchmark comprises 55% Nifty 200 TRI + 35% NIFTY Composite Debt Index + 7% Domestic Price of Gold + 3% Domestic Price of Silver.
