Fundalysisby DARKHORSESTOCKS

Scheme

ICICI Prudential Multi Asset Allocation Fund

Holds 130 companies worth ₹57,691 Cr in Sept 2026.

  • Fund house

    ICICIThe fund house that runs this scheme.

  • AUM

    ₹84,108 CrICICI Prudential Multi Asset Allocation Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.2% on Aug 2026, ₹87,833 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 6.1% of this scheme's NAV.

  • Fund manager

    Akhil KakkarRuns it since 22 Jan 2024, as the fund house dates it. With Masoomi Jhurmarvala (fund manager), Antariksha Banerjee (fund manager), Sankaran Naren (co-manager), Gaurav Chikane (co-manager), Manish Banthia (co-manager), Sharmila D'silva (co-manager).

Overview(1 Sept 2026)

Fund managers7

  1. Akhil KakkarFund manager · Jan 2024 · 18y · PGDM B.Tech
  2. Masoomi JhurmarvalaFund manager · Nov 2024 · 8y · M.Com B.Com
  3. Antariksha BanerjeeFund manager · Jun 2026 · 8y · MBA PGDM
  4. Sankaran NarenCo-manager · Feb 2012 · 35y · PGDM B.Tech
  5. Gaurav ChikaneCo-manager · Aug 2021 · 10y · MBA B.E.
  6. Manish BanthiaCo-manager · Jan 2024 · 22y · MBA B.Com
  7. Sharmila D'silvaCo-manager · Aug 2026

    Key facts

    Benchmark
    Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + iCOMDEX Composite Index (3%) (Benchmark)
    Risk
    High
    Expense
    Regular 1.42% · Direct 0.83%
    Exit load
    30% within 1 year
    Started
    31 Oct 2002
    Minimum
    ₹500

    Source.Its Scheme Summary Document as of 1 Sept 2026 at AMFI.

    What changed(15 changes)

    Aug 2026

    6 changes
    2. Renamed
      31 AugICICI Prudential Multi-Asset Fund → ICICI Prudential Multi Asset Allocation Fund
    3. Sharmila D'silva joined
      2 Augas co-manager
    4. Sri Sharma left
      2 Augran it as co-manager from Apr 2021
    5. Sharmila D'mello left
      2 Augran it as co-manager from Aug 2021

    Jun 2026

    3 changes
    1. Antariksha Banerjee joined
      14 Junas fund manager
    2. Ihab Dalwai left
      14 Junran it as fund manager from Jun 2017
    3. Expense ratio
      14 JunRegular 1.33% → 1.23%Direct 0.64% → 0.61%

    Jan 2026

    1 change
    1. Expense ratio
      5 JanRegular 1.38% → 1.33%Direct 0.66% → 0.64%

    Source.Its filings at NSE, since Nov 2024.

    Fund managers over time(Feb 2012 – now)

    1. Akhil Kakkar
    2. Masoomi Jhurmarvala
    3. Antariksha Banerjee
    4. Sankaran Naren
    5. Gaurav Chikane
    6. Manish Banthia
    7. Sharmila D'silva
    8. Sri Sharma
    9. Sharmila D'mello
    10. Ihab Dalwai
    MainCoSlice2013201520172019202120232025
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Nov 2024 – Sept 2026)

    Every change to the expense ratio, newest first.
    9 changesRegularDirectΔ pt
    31 Aug 20261.42%0.83%0.01
    2 Aug 20261.41%0.82%0.21
    14 Jun 20261.23%0.61%0.03
    5 Jan 20261.33%0.64%0.02
    24 Sept 20251.38%0.66%0.01
    9 Jun 20251.40%0.67%0.01
    8 May 20251.41%0.66%0.06
    9 Jan 20251.46%0.72%0.02
    7 Nov 20241.46%0.70%–
    Direct plan, 31 Aug 2026
    0.83%
    Regular plan 1.42% · Exit load 30% within 1 year
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(1 Sept 2026)

    Objective

    To generate capital appreciation for investors by investing predominantly in equity and equity related instruments and income by investing across other asset classes. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

    Risk, type and benchmark

    Riskometer
    High
    At launch
    Very High
    Type
    Open Ended
    Benchmark
    Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + iCOMDEX Composite Index (3%) (Benchmark)

    Asset allocation it may hold% of NAV

    1. Equity & Equity related instruments
      Allowed65–100%Holds68.4%
    2. Debt and Money Market Instruments including Units of Debt oriented mutual fund schemes
      Allowed10–35%
    3. Units of Gold ETFs/Units of Silver ETFs/Exchange Traded Commodity Derivatives
      Allowed10–30%
    4. Units issued by INVITs
      Allowed0–10%Holds0.2%

    Holds in Sept 2026.68.4% equity · 31.4% debt and cash · 0.2% REITs and InvITs

    How to invest(1 Sept 2026)

    Buying

    To start
    ₹500, then in multiples of ₹1
    To add
    ₹500, then in multiples of ₹1
    SIP how often
    Daily,Weekly,Fortnightly,Monthly,Quarterly
    SIP dates
    Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Fortnightly = 1st and 16th day of each month as applicable Monthly = Any day* Quarterly = Any day* *In case the date chosen for SIP falls on a Non-Business Day or on a date which is not available in a particular month, the SIP will beprocessed on the immediate next Business Day.
    SIP minimum
    Daily = Rs.20 Weekly,Fortnightly,Monthly = Rs. 100 Quarterly = Rs. 5,000 Choti SIP = Monthly = Rs. 250 only (For classifying as Choti SIP amount should not be more or less than Rs.250/-), then re. 1/-
    SIP instalments
    Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4 Choti SIP = Monthly = 60

    Selling and switching

    To redeem
    Any amount
    Switch minimum
    ₹500
    Switch multiples
    Any amount
    STP how often
    Daily,Weekly,Monthly,Quarterly,Fortnightly
    STP dates
    Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Monthly = Any day* Quarterly = Any day* Fortnightly = 1st and 16th day of each month as applicable *In case the date chosen for STP falls on a non-business day or on a day which is not available in a particular month, the STP will be processed on the immediate next business day.
    STP minimum
    Monthly, Weekly, Quarterly ,Fortnightly= Rs. 1,000 Daily = Rs. 250, then re. 1/-
    STP instalments
    Daily,Weekly,Monthly,Fortnightly = 6 Quarterly = 4
    SWP how often
    Monthly,Quarterly, Half Yearly,Annual
    SWP dates
    Monthly = Any day* Quarterly= Any day* Half Yearly = Any day* Annual = Any day* *In case none of the frequencies has been selected then Monthly frequency shall be considered as the Default frequency and where no withdrawal date is selected, 1st business day of the month shall be considered as the default SWP date.
    SWP instalments
    2

    Scheme details(1 Sept 2026)

    What it is

    Category
    Hybrid - Multi Asset Allocation
    Offer
    7 Oct 2002 to 18 Oct 2002
    Started
    31 Oct 2002
    Reopened
    12 Jan 2004
    Plans
    ICICI Prudential Multi Asset Allocation Fund - Direct Plan - Growth · ICICI Prudential Multi Asset Allocation Fund - Direct Plan - IDCW · ICICI Prudential Multi Asset Allocation Fund - Growth · ICICI Prudential Multi Asset Allocation Fund - IDCW
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    Provisions for Segregated Portfolio have been added as as enabler
    Custodian
    Citibank N.A., HDFC Bank Limited, HSBC, SBI-SG Global Securities Services Private Limited and Orbis Financial Corporation Limited
    Auditor
    BSR & Co. LLP
    Registrar
    Computer Age Management Services Limited
    SEBI code
    ICIC/O/H/MAA/02/09/0018