NFO Alert: ICICI Prudential Mutual Fund Launches Balanced Hybrid Fund

ICICI Prudential Mutual Fund has opened subscriptions for the ICICI Pru Balanced Hybrid Fund, a new open-ended scheme in the balanced hybrid category. The New Fund Offer (NFO) opened on 30 June 2026 and will remain available until 14 July 2026.  

After the allotment process is completed, the scheme will reopen for regular purchases and redemptions. The fund's Net Asset Value (NAV) will be calculated on a daily basis. 

Scheme to Invest Across Equity and Debt 

The scheme will invest in a combination of equity and debt instruments. According to the Scheme Information Document, its objective is to generate capital appreciation while also seeking income through investments across the two asset classes.  

The document also states that the objective is not a guarantee of returns, and there is no assurance that it will be achieved. 

Balanced hybrid funds are required to maintain exposure to both equity and debt. The allocation between the two is managed in accordance with the investment mandate and applicable regulations. 

Key Features of the Fund 

The minimum investment during the NFO has been set at ₹500, while subsequent investments can be made from ₹100. The scheme has been classified under the high-risk category on the riskometer. Roshan Chutkey has been named as the fund manager. 

The fund is structured as an open-ended scheme, allowing transactions after the NFO period. An exit load will apply at the time of redemption in line with the conditions specified in the scheme documents. 

Hybrid Funds as a Category 

Hybrid mutual funds combine multiple asset classes within a single portfolio. In a balanced hybrid fund, investments are spread across equity and fixed-income securities rather than being concentrated in one segment.  

The mix is intended to provide exposure to different market segments through a single scheme, while performance remains linked to movements in both equity and debt markets. 

Read More: NFO Alert: Tata Mutual Fund Launches Multi Sector Passive FoF! 

Conclusion 

The new balanced hybrid scheme from ICICI Prudential Mutual Fund is available for subscription between 30 June and 14 July 2026. The fund seeks to invest in equity and debt securities and carries a high-risk classification. 

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