Highlights:
An open-ended fund of funds scheme investing in equity, debt, gold and global index funds/exchange traded funds
The offering aims to be a simple investment solution providing a blend of various asset classes
Asset allocation: Domestic Equity ETFs/Index Funds (25%-65%), Domestic Debt ETFs/Index Funds (25%-65%), Gold ETFs (0%-15%) and Overseas ETFs and Index Funds (10%-30%)
The Scheme is capable to invest in any ETFs/ Index Fund launched by any other mutual fund in India
Minimum investment required during NFO: Rs. 1000/-
Mumbai, December 27, 2021: ICICI Prudential Mutual Fund has launched ICICI Prudential Passive Multi-Asset Fund of Funds. The offering aims to provide returns that closely correspond to the total return of the benchmark CRISIL Hybrid 50+50- Moderate Index (80% weightage) + S&P Global 1200 Index (15% weightage) + Domestic Gold Price (5% weightage) subject to tracking errors.
S Naren, ED & CIO, ICICI Prudential Mutual Fund believes over the last decade easy liquidity conditions and rate cuts by global central banks created a conducive environment for equity markets to perform. Now with the withdrawal of stimulus measures, multi asset philosophy is likely to provide better outcome in the near term.
Speaking on the launch of the product, Mr. Chintan Haria, Head – Product Development & Strategy, ICICI Prudential Mutual Fund said, “We believe this product is a simple solution for an investor looking for multi-asset allocation through the passive route. Apart from allocation to domestic equities ETFs/Index, debt ETFs/Index, and gold ETFs, an investor will also have exposure to ETFs/Index investing in global companies as well through this product, thus bringing in geographical diversification as well.”
ICICI Prudential Passive Multi-Asset Fund of Funds aims to be a simple solution for multiple problems. The Scheme provides a blend of all asset classes and follows the approach below.
Winner keeps on changing & various asset classes performs differently each year
The minimum application amount at the time of NFO is Rs. 1000. An investor can also opt for either Daily, Weekly, Fortnightly or Monthly SIP starting at Rs. 100.
Why should investors consider ICICI Prudential Passive Multi-Asset Fund of Funds?
Provides investors the opportunity to take exposure to an offering which is well-diversified across asset classes
Monitored regularly by experts to mitigate potential risks and provides tactical allocation to a particular sector
Active involvement in identifying asset class mix including exposure to select and innovative range of global ETFs
The offering is both cost and tax efficient as the investor will not attract any tax incidence when the FoF is rebalanced
Expertise in managing various philosophies that have mandate to invest across asset class or themes
NFO Details
For further information, please contact Adil Bakhshi – 022-66470274
Email: pr@icicipruamc.com
Riskometer and Disclaimer
ICICI Prudential Passive Multi-Asset Fund of Funds (An open ended fund of funds scheme investing in equity, debt, gold and global index funds/exchange traded funds)
It may be noted that the scheme risk-o-meter specified above is based on the scheme characteristics. The same shall be updated in accordance with provisions of SEBI circular dated October 5, 2020 on Product labelling in mutual fund schemes on ongoing basis.
Investors may please note that they will be bearing the recurring expenses of the relevant fund of funds scheme in addition to the expenses of the underlying schemes in which the fund of funds scheme makes investment.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
