Axis Multi-Asset Omni FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF
Direct Plan, Growth option · Data as on 29-10-2026
Axis Multi-Asset Omni FOF is a Fund of Funds fund and ICICI Prudential Dynamic Asset Allocation Active FOF is a Fund of Funds fund. Axis Multi-Asset Omni FOF charges 0.16% a year and ICICI Prudential Dynamic Asset Allocation Active FOF 0.41% (Direct plans). Their portfolios overlap 10.3%: they hold 3 of the same securities.
ICICI Prudential Dynamic Asset Allocation Active FOF
Fund of Funds
- Expense ratio
- 0.41%
- NAV
- ₹134.62
Which is better, Axis Multi-Asset Omni FOF or ICICI Prudential Dynamic Asset Allocation Active FOF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Multi-Asset Omni FOF costs less: 0.16% a year against 0.41% (Direct plans).
- ICICI Prudential Dynamic Asset Allocation Active FOF fell less in its worst fall since 17-12-2025: −7.9% against −11.4%.
- ICICI Prudential Dynamic Asset Allocation Active FOF is the larger fund: ₹27,321 Cr against ₹1,321 Cr.
- Their portfolios overlap 10.3%: 3 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Multi-Asset Omni FOF | ICICI Prudential Dynamic Asset Allocation Active FOF |
|---|---|---|
| Fund house | Axis Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Fund of Funds | Fund of Funds |
| AUM | ₹1,321 Cr (30-09-2026) | ₹27,321 Cr (30-09-2026) |
| NAV | ₹10.45 (Direct) | ₹134.62 (Direct) |
| Expense ratio (Direct) | 0.16% | 0.41% |
| Expense ratio (Regular) | 1.31% | 1.35% |
| Riskometer | Very High | Not available |
| Benchmark | 45% NIFTY 500 TRI + 45% NIFTY Composite Debt Index + 5% Domestic Price of Physical Gold + 5% Domestic Price of Physical | CRISIL Hybrid 50+50 - Moderate Index |
| Launch date | 11-12-2025 | 18-12-2003 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Devang Shah, Aditya Pagaria, Shreyash Devalkar, Mayank Hyanki | Dharmesh Kakkad, Manish Banthia, Ritesh Lunawat, Sharmila D'Silva |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. | Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year. |
Axis Multi-Asset Omni FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF: Returns Comparison
Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Multi-Asset Omni FOF (Direct) | −1.38% | −1.52% | +1.23% | -- | -- | -- | -- |
| ICICI Prudential Dynamic Asset Allocation Active FOF (Direct) | −0.51% | −3.72% | −0.96% | −2.07% | +10.07% | +10.17% | +11.85% |
Axis Multi-Asset Omni FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF: Year-wise Returns
| Year | Axis Multi-Asset OmniAxis Multi-Asset Omni FOF | ICICI Prudential Dynamic Asset Allocation ActiveICICI Prudential Dynamic Asset Allocation Active FOF |
|---|---|---|
| 2026to date | +2.70% | −2.73% |
| 2025 | -- | +11.51% |
| 2024 | -- | +14.68% |
| 2023 | -- | +19.54% |
| 2022 | -- | +9.49% |
| 2021 | -- | +18.07% |
Axis Multi-Asset Omni FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF: Rolling Returns
Every holding period of both funds
Axis Multi-Asset Omni FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Multi-Asset Omni FOF (Direct) | ICICI Prudential Dynamic Asset Allocation Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | +4.42% | +11.72% |
| Standard deviation | 12.76% | 8.95% |
| Sharpe ratio | -0.06 | 0.63 |
| Sortino ratio | -0.08 | 0.87 |
| Maximum drawdown | −11.4% (23-03-2026) | −26.4% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 17-12-2025 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis Multi-Asset Omni FOF (Direct)
ICICI Prudential Dynamic Asset Allocation Active FOF (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Multi-Asset Omni FOF (Direct) | −11.4% | 29-01-2026 | 23-03-2026 | 05-08-2026 | 4 months | −5.6% |
| ICICI Prudential Dynamic Asset Allocation Active FOF (Direct) | −7.9% | 02-01-2026 | 30-03-2026 | 03-07-2026 | 3 months | −4.8% |
From daily values since 17-12-2025, the first day every fund has.
Axis Multi-Asset Omni FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Multi-Asset Omni FOF, September 2026; ICICI Prudential Dynamic Asset Allocation Active FOF, September 2026
Holdings in common
- Overlap
- 10.3%
- Held by both
- 3
- Only in Axis Multi-Asset Omni FOF
- 14
- Only in ICICI Prudential Dynamic Asset Allocation Active FOF
- 25
| Security | % of Axis Multi-Asset Omni FOF | % of ICICI Prudential Dynamic Asset Allocation Active FOF |
|---|---|---|
| ICICI Prudential Banking and Financial Services Fund - Direct Plan - Growth | 8.77% | 4.33% |
| ICICI Prudential Technology Fund - Direct Plan - Growth | 3.81% | 4.75% |
| ICICI Prudential Infrastructure Fund Direct Growth | 2.19% | 4.50% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.3% means 10.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Multi-Asset Omni FOF
| Security | % of fund |
|---|---|
| Axis Gold ETF | 13.07% |
| Axis Large & Mid Cap Fund - Direct Plan - Growth | 11.31% |
| Axis Liquid Fund - Direct Plan - Growth Option | 10.48% |
| Axis Medium Term Fund-Direct Plan-Growth Option | 9.60% |
| Axis Value Fund - Direct Plan - Growth | 8.95% |
Largest holdings only in ICICI Prudential Dynamic Asset Allocation Active FOF
| Security | % of fund |
|---|---|
| ICICI Prudential Value Fund - Direct Plan - Growth | 14.17% |
| ICICI Prudential Dynamic Term Fund - Direct Plan - Growth | 9.98% |
| ICICI Prudential Large cap Fund - Direct Plan - Growth | 9.02% |
| ICICI Prudential Gilt Fund - Direct Plan - Growth | 6.23% |
| ICICI Prudential Focused Fund - Direct - Growth | 6.07% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Multi-Asset Omni FOF | ICICI Prudential Dynamic Asset Allocation Active FOF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
Axis Multi-Asset Omni FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Multi-Asset Omni FOF | ICICI Prudential Dynamic Asset Allocation Active FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.16% | 0.41% |
| Base expense ratio (Direct) | 0.12% | 0.34% |
| Total expense ratio (Regular) | 1.31% | 1.35% |
| Base expense ratio (Regular) | 1.12% | 1.15% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
Axis Multi-Asset Omni FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF: Frequently Asked Questions
What is the difference between Axis Multi-Asset Omni FOF and ICICI Prudential Dynamic Asset Allocation Active FOF?
Axis Multi-Asset Omni FOF is a Fund of Funds fund, ICICI Prudential Dynamic Asset Allocation Active FOF is a Fund of Funds fund, run by Axis Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 10.3%. Axis Multi-Asset Omni FOF charges 0.16% a year and ICICI Prudential Dynamic Asset Allocation Active FOF 0.41%.
Which has the lower expense ratio, Axis Multi-Asset Omni FOF or ICICI Prudential Dynamic Asset Allocation Active FOF?
Axis Multi-Asset Omni FOF charges less: 0.16% a year against 0.41%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Multi-Asset Omni FOF and ICICI Prudential Dynamic Asset Allocation Active FOF overlap?
10.3%. They hold 3 of the same securities, the largest shared ones being ICICI Prudential Banking and Financial Services Fund - Direct Plan - Growth, ICICI Prudential Technology Fund - Direct Plan - Growth, ICICI Prudential Infrastructure Fund Direct Growth. From each fund's latest monthly portfolio.
Can I invest in both Axis Multi-Asset Omni FOF and ICICI Prudential Dynamic Asset Allocation Active FOF?
Yes. 10.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Multi-Asset Omni FOF and ICICI Prudential Dynamic Asset Allocation Active FOF?
Axis Multi-Asset Omni FOF: Devang Shah, Aditya Pagaria, Shreyash Devalkar, Mayank Hyanki. ICICI Prudential Dynamic Asset Allocation Active FOF: Dharmesh Kakkad, Manish Banthia, Ritesh Lunawat, Sharmila D'Silva.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.