ICICI Prudential NFO: New Dynamic Asset Allocation Passive FOF
ICICI Prudential MF Launches Dynamic Asset Allocation Passive FOF
ICICI Prudential Mutual Fund has introduced the ICICI Prudential Dynamic Asset Allocation Passive FOF, an open-ended fund of funds scheme that invests dynamically in units of passive equity and debt-oriented schemes.
The NFO opened for subscription on August 26, 2026, and will remain open until September 9, 2026.
Subscription Details
The scheme does not charge an entry load. The minimum subscription amount is Rs 1,000, plus in multiples of Re 1.
The scheme has an exit-load structure based on the number of units redeemed or switched out and the holding period:
- Redemptions/switches of up to 30% of units purchased within 1 year of allotment: No exit load
- Redemptions/switches beyond this limit within 12 months: 1% of applicable NAV
- Redemptions/switches after 12 months: No exit load
Benchmark and Fund Managers
The scheme's performance will be benchmarked against the CRISIL Hybrid 50+50 Moderate Index.
The fund managers for the scheme are Manish Banthia, Manan Tijoriwala, Ritesh Lunawat, Sharmila D'Silva and Nishit Patel.
Key Highlights
| Scheme | ICICI Prudential Dynamic Asset Allocation Passive FOF |
|---|---|
| Scheme Type | Open-ended Fund of Funds |
| Investment Approach | Dynamic investment in passive equity and debt-oriented schemes |
| NFO Opens | August 26, 2026 |
| NFO Closes | September 9, 2026 |
| Entry Load | Nil |
| Minimum Subscription | Rs 1,000, plus in multiples of Re 1 |
| Benchmark | CRISIL Hybrid 50+50 Moderate Index |
| Fund Managers | Manish Banthia, Manan Tijoriwala, Ritesh Lunawat, Sharmila D'Silva, Nishit Patel |
What to Watch Next
- Investors can track the scheme's subscription period, which closes on September 9, 2026.
- They may review the scheme's investment approach and portfolio allocation before considering an investment.
- Investors can also monitor the scheme's performance against the CRISIL Hybrid 50+50 Moderate Index after its launch.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
Other News
Cyient: HDFC Mutual Fund Reduces Stake to 2.95% After Selling 25.05 Lakh Shares
HDFC Mutual Fund has disclosed a reduction in its shareholding in Cyient Limited, with its aggregate stake declining to 2.95% of the company's paid-up equity share capital as of August 18, 2026. The mutual fund sold 25,05,419 equity shares through an open market transaction.
Nalanda Fund Raises Stake in IndiaMART to 7.71%
Nalanda India Equity Fund Limited has increased its stake in IndiaMART InterMesh Limited through open market purchases, taking its shareholding to 7.71%. The acquisition triggered a disclosure under SEBI's takeover regulations after the fund's holding crossed the prescribed reporting threshold.
SBI Mutual Fund Reduces Stake in V-Guard Industries To 7.02%
SBI Mutual Fund reduced its stake in V-Guard Industries Limited. Now it owns 7.02% of the company down from 9.04%. This change was made under SEBI's rules. The fund's holding decreased by more than 2 percentage points.