ICICI Prudential Passive Multi-Asset Fund of Funds: NFO closes on 10th January 2022
ICICI Prudential Passive Multi-Asset Fund of Funds is an open-ended fund of funds scheme investing in equity, debt, gold and global index funds/exchange-traded funds.
| Good to know What is a passive multi-asset fund of funds?
Therefore, a passive multi-asset fund of funds is a fund whose portfolio consists of multiple other funds that invest in various types of securities such as equity, debt, and gold and consistently tries to track the market index to get maximum gains. |
Investment objective
ICICI Prudential Passive Multi-Asset Fund of Funds is a scheme whose primary objective is to generate returns by predominantly investing in passively managed funds launched in India and/or overseas. However, the fund does not assure or guarantee that the investment objective of the scheme would be achieved.
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Asset allocation
| Type of security | Indicative allocation (% of total assets) | Risk profile | |
| Particulars | Minimum | Maximum | Low/ Medium/ High |
| Units of mutual fund schemes as stated below: | 95 | 100 | |
| 1. Domestic Equity ETFs/Index Funds | 25 | 65 | High |
| 2. Domestic Debt ETFs/Index Funds | 25 | 65 | Low to Medium |
| 3. ETFs/Index Funds investing in Overseas securities | 10 | 30 | Medium to High |
| 4. Domestic Gold ETFs | 0 | 15 | Medium to High |
| Reverse Repo, Tri-Party Repo*@, Units of Debt oriented mutual fund schemes | 0 | 5 | Low to Medium |
Scheme details
| Name | ICICI Prudential Passive Multi-Asset Fund of Funds |
| Type | An open-ended fund of funds scheme investing in equity, debt, gold and global index funds/exchange traded funds |
| Category | Passive multi-asset fund of funds |
| Benchmark | CRISIL Hybrid 50+50 Moderate Index (80% weightage) + S&P Global 1200 Index (15% weightage) + Domestic Gold Price (5% weightage) |
| Entry/exit load | Entry load: Nil Exit load: If redeemed or switched out up to 12 months from allotment: 1.00% of applicable NAV If redeemed or switched out more than 12 months from allotment: Nil. However, the trustee shall have a right to prescribe or modify the load structure with prospective effect subject to a maximum prescribed under the regulations. |
| Fund Manager | Mr. Sankaran Naren, Mr. Manish Banthia, Mr. Ritesh Lunawat, Mr. Dharmesh Kakkad, Mr. Nishit Patel and Ms. Priyanka Khandewal. |
| Minimum application amount | ₹1,000 and in multiples of ₹1 thereafter |
| Expense ratio | Up to 1.00%, Up to 0.05%, Up to 0.30% |
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| This product is suitable for investors who are seeking*: | Riskometer |
| - Long term wealth creation - An open ended fund of funds scheme investing in equity, debt, gold and global index funds/exchange traded funds |
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by ICICI Prudential Mutual Fund. To read the entire document, click here.
Disclaimer: The above article is purely academic in nature and aims to provide knowledge about basic trading concepts & should not be construed as an opinion or advice to invest or trade. RKSV Securities India Private Limited (brand name Upstox) is the distributor of the mutual fund. Mutual fund investments are subject to market risks; please read all the related documents and/or consult your investment advisor before investing. Past performance of an investment asset does not guarantee future returns.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.