ICICI Prudential AMC Stops Inflows into 2 Fund-of-Funds Schemes: Passive Multi Asset FoF and Global Advantage Fund

ICICI Prudential Mutual Fund has announced the grandfathering of 2 of its fund-of-funds (FoF) schemes, effective January 27, 2026.  

The schemes affected are the ICICI Prudential Passive Multi Asset FoF and the ICICI Prudential Global Advantage Fund. This move bars fresh inflows into these schemes while allowing existing investors to remain. 

Details of the Grandfathering 

The decision to grandfather the ICICI Prudential Passive Multi Asset FoF and the ICICI Prudential Global Advantage Fund was taken as these schemes could not be classified under any of the categories specified under SEBI's framework for the launch of fund of funds schemes with multiple underlying funds. 

The ICICI Prudential Passive Multi Asset FoF currently has assets under management of ₹1,416 crore as of December 31, 2025, and invests in a mix of domestic equity and debt ETFs and index funds.  

The ICICI Prudential Global Advantage FoF has assets under management of ₹368 crore and invests in schemes that, in turn, invest in international markets. 

Read More: ICICI Prudential Mutual Fund Resumes Overseas Subscriptions in Select Schemes Effective January 27, 2026! 

Impact on Investors 

Effective January 27, 2026, the fund house will stop accepting fresh subscriptions, including lump-sum investments, new SIPs, and STPs.  

All purchase and switch-in transactions timestamped on or before 3 pm on January 23, 2026, will be processed at the applicable net asset value.  

Existing SIPs and STPs, including those under the IDCW reinvestment option and other special facilities, will be discontinued from February 5, 2026. 

Conclusion 

ICICI Prudential Mutual Fund's decision to grandfather two fund-of-funds schemes underscores regulatory compliance and strategic portfolio management. Existing investors will continue to hold their investments, while new inflows will be barred. 

Disclaimer:This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.