If you are planning to invest in a new mutual fund, here’s an option to consider.
ICICI Prudential Mutual Fund has launched the ICICI Prudential Multi-Asset Active Fund of Funds (FOF), a new fund offering (NFO) that is now open for investment.
The scheme allows investors to put their money into multiple asset classes through a single fund. It mainly invests in active equity funds, debt funds, and Gold and Silver ETFs, helping investors diversify their portfolios.
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NFO Open Till July 14
The New Fund Offer (NFO) is currently open and will remain available for investment until July 14.
According to the fund house, the scheme will actively change its allocation among equity, debt, gold, and silver based on market conditions, valuations, and broader economic trends.
The aim is to adjust the portfolio as the market changes instead of following a fixed allocation.
Why This Fund Stands Out
According to S. Naren, Executive Director and Chief Investment Officer (CIO) of ICICI Prudential Asset Management Company, different asset classes perform differently during different market cycles.
This fund combines equity, debt, and precious metals in one portfolio.
It uses valuation and macroeconomic models to adjust investments across these asset classes, with the goal of providing a more balanced and consistent investing experience over the long term.
How Will the Money Be Invested?
The scheme will distribute investments across three major asset classes:
30% to 80% in active equity-oriented mutual fund schemes.
10% to 60% in active debt-oriented mutual fund schemes.
10% to 30% in Gold ETFs and/or Silver ETFs.
This flexible allocation allows the fund to increase or reduce exposure to different asset classes depending on market opportunities.
Benefits of Diversification
The fund follows a diversified investment strategy by combining:
Equity funds for long-term wealth creation.
Debt funds for relatively stable returns.
Gold and Silver ETFs to improve diversification and provide some protection during periods of inflation and market uncertainty.
Minimum Investment and Fund Managers
You can start investing in this NFO with a minimum amount of ₹1,000. Additional investments can be made in multiples of this amount.
The scheme is available under both Direct and Regular plans.
The fund will be managed by Dharmesh Kakkar, Manish Banthia, Akhil Kakkar, Sharmila D’Silva, and Gaurav Chikne.
Its benchmark combines the Nifty 200 TRI, Nifty Composite Debt Index, domestic gold prices, and domestic silver prices to measure the fund’s performance across different asset classes.