ICICI Prudential MF introduces Dynamic Asset Allocation Passive FOF
ICICI Prudential Mutual Fund has launched ICICI Prudential Dynamic Asset Allocation Passive FOF, an open-ended fund of funds scheme investing dynamically in units of passive equity and debt-oriented schemes.
The NFO opens for subscription on August 26, 2026 and closes on September 09, 2026. No Entry Load will be charged for the scheme. The Exit load: If units purchased or switched in from another scheme of the Fund are redeemed or switched out up to 30% of the units (the limit) purchased or switched within 1 year from the date of allotment - Nil; If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 12 months from the date of allotment - 1% of the Applicable NAV; If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 12 months from the date of allotment - Nil. The minimum subscription amount is Rs 1000/- plus in multiple of Re 1.
The performance of the Scheme will be benchmarked against CRISIL Hybrid 50+50 Moderate Index and its fund managers are Manish Banthia, Manan Tijoriwala, Ritesh Lunawat, Sharmila D'Silva and Nishit Patel.
