ICICI Prudential Mutual Fund launches ICICI Prudential Passive Multi Asset Fund of Funds

NFO period: 27^th December, 2021 - 10^th January, 2022

Highlights of the NFO:

• Scheme type - An open ended fund of funds scheme investing in equity, debt, gold and global index funds/exchange traded funds


• Investment objective - ICICI Prudential Passive Multi-Asset Fund of Funds is a Fund of Funds scheme with the primary objective to generate returns by predominantly investing in passively managed funds launched in India and/or overseas. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.


• Product suitability - This product is suitable for investors who are seeking long term wealth creation. An open ended fund of funds scheme investing in equity, debt, gold and global index funds/exchange traded funds.


• Minimum Application Amount - First investment is Rs. 1,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available - Direct Plan and Regular Plan having Growth Option and Income Distribution cum capital withdrawal option (IDCW) with Payout of Income Distribution cum capital withdrawal (IDCW Payout) sub-option and Reinvestment of Income Distribution cum capital withdrawal (IDCW Reinvestment) sub-options.


• Fund Managers - Mr. Sankaran Naren, Mr. Manish Banthia, Mr. Ritesh Lunawat, Mr. Dharmesh Kakkad, Mr. Nishit Patel and Ms. Priyanka Khandewal


• Benchmark - CRISIL Hybrid 50+50- Moderate Index (80% weightage) + S&P Global 1200 Index (15% weightage) + Domestic Gold Price (5% weightage)