NFO Alert: ICICI Prudential Mutual Fund Launches ICICI Pru Dynamic Asset Allocation Passive FoF

ICICI Prudential Mutual Fund has opened the New Fund Offer (NFO) for ICICI Pru Dynamic Asset Allocation Passive FoF on 26 August 2026.  

The subscription window will close on 9 September 2026. The scheme is open-ended and falls under the hybrid dynamic asset allocation category. 

The fund has a minimum investment requirement of ₹1,000 and offers a Growth plan. There is no lock-in period. The scheme has been assigned a Very High risk rating and will use the CRISIL Hybrid 50+50 Moderate Index as its benchmark. 

Investment Structure 

The scheme will invest primarily in units of passive equity-oriented and debt-oriented schemes. Its stated objective is to generate capital appreciation through a portfolio built around these underlying passive funds. 

The structure places the scheme in the fund-of-funds category, with exposure to equity and debt obtained through investments in other passive schemes. The mix of the two asset classes forms the basis of its classification as a dynamic asset allocation fund. 

Exit Load Conditions 

The scheme has specified an exit load for certain redemptions. A charge of 1% will apply to units redeemed within 12 months where those units exceed 30% of the investment. 

No exit load details beyond this condition have been specified in the information provided. Investors redeeming units within the first year would therefore be subject to the charge only on the portion covered by the stated condition. 

Fund Management 

The scheme will be managed by Manan Tijoriwala, Manish Banthia, Nishit Patel, Ritesh Lunawat and Sharmila D'Silva. It is being offered under ICICI Prudential Mutual Fund. 

The fund joins the mutual fund house's range of hybrid schemes and will follow a portfolio approach based primarily on passive equity-oriented and debt-oriented funds. 

Subscription Window 

Subscriptions for the ICICI Pru Dynamic Asset Allocation Passive FoF will remain open until 9 September 2026. The scheme has set ₹1,000 as the minimum investment amount and does not carry a lock-in period, while the specified exit load applies to certain early redemptions. 

Read More: Upcoming NFOs: 6 New Mutual Fund Schemes Open for Subscription This Week! 

Conclusion  

ICICI Pru Dynamic Asset Allocation Passive FoF offers exposure to passive equity and debt-oriented schemes. The open-ended fund carries a Very High risk rating. 

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.