ICICI Prudential MF rolls out multi-asset active FOF: equity, debt and gold/silver ETFs under one portfolio
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ICICI Prudential Mutual Fund has launched a multi-asset active fund of funds (FOF), an open-ended scheme that will invest predominantly in active equity-oriented schemes, active debt-oriented schemes, and Gold ETFs/Silver ETFs.
ICICI Prudential Multi-Asset Active Fund of Funds opened for subscription on June 30, 2026, and will close on July 14, 2026.
The fund aims to provide investors with a diversified portfolio by actively allocating investments across equity, debt, and precious metals using the asset management company's proprietary valuation and macroeconomic frameworks. The strategy seeks to capture growth opportunities while managing risk across changing market cycles, ICICI Prudential MF said in a release.
Sankaran Naren, Executive Director and Chief Investment Officer at ICICI Prudential AMC, said different asset classes tend to perform differently across economic and market cycles, making disciplined asset allocation an important element of long-term investing.
New FOF to invest across active equity, debt and Gold/Silver ETFs
He said the multi-asset active FOF combines active equity, debt and Gold ETF/Silver ETF investments within a single portfolio while using the AMC's proprietary valuation and macroeconomic models to dynamically adjust allocations as market conditions evolve.
The objective, he added, is to help investors participate in opportunities across multiple asset classes through a structured and research-driven investment process.
The scheme will invest 30-80% of its corpus in units of active equity-oriented schemes, 10-60% in active debt-oriented schemes, and 10-30% in Gold ETFs and/or Silver ETFs. The asset allocation will be actively managed depending on prevailing market conditions, valuation signals and the relative attractiveness of each asset class.
The fund house said it currently intends to restrict exposure to Gold ETFs to 5% of the scheme's assets under management, subject to periodic review based on market conditions.
AMC bets on diversified investing to navigate market cycles
According to the AMC, the investment philosophy is based on the view that equity, debt and precious metals outperform at different stages of the economic cycle. Instead of attempting to predict the best-performing asset class, the scheme seeks to allocate capital across these segments based on relative valuation and macroeconomic indicators.
The fund aims to balance three key investment objectives: long-term wealth creation through equities, relatively stable accrual income through debt, and portfolio diversification and potential inflation protection through investments in gold and silver.
ICICI Prudential Mutual Fund believes the current market environment supports a diversified investment approach, with India's structural economic growth favouring equities, fixed income providing portfolio stability, and gold and silver serving as potential hedges against inflation and geopolitical uncertainties.
The scheme has a minimum investment requirement of ₹1,000 and will be available under both Direct and Regular plans.
It will be benchmarked against a composite index comprising 55% Nifty 200 TRI, 35% NIFTY Composite Debt Index, 7% Domestic Price of Gold and 3% Domestic Price of Silver.
The fund will be managed by Dharmesh Kakkad, Manish Banthia, Akhil Kakkar, Sharmila D'Silva and Gaurav Chikane.
The AMC also noted that investors who remain invested in the scheme for 24 months or more will qualify for long-term capital gains tax under the prevailing tax regulations.