ICICI Prudential Diversified Equity All Cap Active FOF Closes Today, March 16, 2026

The ICICI Prudential Diversified Equity All Cap Active FOF closes its new fund offer window today, March 16, 2026. The scheme, open from March 2 to March 16, 2026, is positioned as an open‑ended fund of funds aimed at long‑term capital appreciation.

It allocates money across active equity schemes of ICICI Prudential Mutual Fund covering large‑cap, mid‑cap and small‑cap segments. The fund is designed to shift dynamically across market caps depending on prevailing market and economic conditions.

Scheme Structure and Objectives

The fund invests primarily in active in‑house equity schemes rather than holding stocks directly. This structure allows investors to gain diversified equity exposure through a single fund while benefiting from the fund house’s established research and strategy framework.

The stated objective is to generate long‑term capital appreciation by investing in high‑conviction active strategies across market segments. The scheme is benchmarked against the Nifty 500 TRI, reflecting its all‑cap orientation.

Key Details and Investment Features

The fund is jointly managed by Dharmesh Kakkad and Sharmila D’Silva, both of whom began managing the scheme in March 2026. The minimum investment amount during the NFO period is ₹100, with subsequent purchases allowed in multiples of ₹1.

The exit load structure specifies a 1% charge if units are redeemed within 1 year, with no load applicable thereafter. The fund carries a “Very High” risk rating given its full equity orientation and dependence on active allocation strategies.

Investment Strategy and Allocation Approach

The scheme adopts an active asset allocation methodology across large‑cap, mid‑cap and small‑cap categories. Allocation is driven by in‑house macroeconomic research, taking into account economic growth trends, inflation patterns, interest rate movements and sectoral dynamics.

The fund invests in top‑performing in‑house active schemes, aiming to generate superior returns through both stock selection and dynamic allocation. The strategy enables rebalancing across market caps as conditions evolve, offering flexibility compared with traditional static allocation products.

Benefits Of the All‑Cap Active FOF Design

The all‑cap structure allows participation in different market segments depending on where opportunities emerge. Large‑caps may offer stability during uncertain phases, while mid‑caps and small‑caps could contribute higher growth during favourable cycles.

By investing across multiple established active schemes, the FOF provides built‑in diversification without requiring investors to select individual funds. This design can help capture broader market trends while reducing concentration risk, though the performance will depend on the underlying schemes’ outcomes and timely allocation decisions.

Read More: ICICI Prudential Equity & Debt Fund Turns ₹1,000 Monthly SIP Into ₹4 Crore in 26 Years.

Conclusion

ICICI Prudential’s Diversified Equity All Cap Active FOF concludes its NFO period today, March 16, 2026. The scheme offers exposure across market capitalisations through a fund‑of‑funds structure that relies on active management.

Its allocation strategy is driven by economic indicators and in‑house research to navigate shifts across large‑cap, mid‑cap and small‑cap segments. With a minimum investment of ₹100 and a very high‑risk profile, the scheme aims to serve investors seeking diversified equity exposure through an actively managed, all‑cap framework.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.