ICICI Prudential Diversified Debt Strategy Active FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Diversified Debt Strategy Active FOF is a Fund of Funds fund and ICICI Prudential Dynamic Asset Allocation Active FOF is a Fund of Funds fund. In the 3 years to 30-10-2026, ICICI Prudential Diversified Debt Strategy Active FOF (Direct) returned 6.8% a year and ICICI Prudential Dynamic Asset Allocation Active FOF (Direct) returned 10.1% a year. ICICI Prudential Diversified Debt Strategy Active FOF charges 0.45% a year and ICICI Prudential Dynamic Asset Allocation Active FOF 0.41% (Direct plans). Their portfolios overlap 25.3%: they hold 5 of the same securities.
ICICI Prudential Diversified Debt Strategy Active FOF
Fund of Funds
- 3 year return
- 6.8%
- Expense ratio
- 0.45%
- NAV
- ₹49.53
ICICI Prudential Dynamic Asset Allocation Active FOF
Fund of Funds
- 3 year return
- 10.1%
- Expense ratio
- 0.41%
- NAV
- ₹134.62
Which is better, ICICI Prudential Diversified Debt Strategy Active 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.
- ICICI Prudential Dynamic Asset Allocation Active FOF returned more over 5 years: 10.2% a year against 6.3%.
- ICICI Prudential Dynamic Asset Allocation Active FOF returned more over 3 years: 10.1% a year against 6.8%.
- ICICI Prudential Dynamic Asset Allocation Active FOF costs less: 0.41% a year against 0.45% (Direct plans).
- ICICI Prudential Diversified Debt Strategy Active FOF swung less over 3 years: a standard deviation of 1.4% a year against 6.3%.
- ICICI Prudential Diversified Debt Strategy Active FOF fell less in its worst fall since 11-01-2013: −4.6% against −26.4%.
- ICICI Prudential Dynamic Asset Allocation Active FOF is the larger fund: ₹27,321 Cr against ₹106 Cr.
- Their portfolios overlap 25.3%: 5 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 | ICICI Prudential Diversified Debt Strategy Active FOF | ICICI Prudential Dynamic Asset Allocation Active FOF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Fund of Funds | Fund of Funds |
| AUM | ₹106 Cr (30-09-2026) | ₹27,321 Cr (30-09-2026) |
| NAV | ₹49.53 (Direct) | ₹134.62 (Direct) |
| Expense ratio (Direct) | 0.45% | 0.41% |
| Expense ratio (Regular) | 0.65% | 1.35% |
| Riskometer | Not available | Not available |
| Benchmark | NIFTY Composite Debt Index A-III | CRISIL Hybrid 50+50 - Moderate Index |
| Launch date | 18-12-2003 | 18-12-2003 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Manish Banthia, Ritesh Lunawat | Dharmesh Kakkad, Manish Banthia, Ritesh Lunawat, Sharmila D'Silva |
| Exit load | • 0.25 % of applicable Net Asset Value If the amount sought to be redeemed or switch out within 15 days from allotment. • Nil If the amount sought to be redeemed or switched out more than 15 days. | Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year. |
ICICI Prudential Diversified Debt Strategy Active FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Diversified Debt Strategy Active FOF (Direct) | −0.59% | −0.47% | +2.05% | +3.80% | +6.85% | +6.25% | +7.02% |
| ICICI Prudential Dynamic Asset Allocation Active FOF (Direct) | −0.51% | −3.72% | −0.96% | −2.07% | +10.07% | +10.17% | +11.85% |
ICICI Prudential Diversified Debt Strategy Active FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF: Year-wise Returns
| Year | Diversified Debt StrategyICICI Prudential Diversified Debt Strategy Active FOF | Dynamic Asset AllocationICICI Prudential Dynamic Asset Allocation Active FOF |
|---|---|---|
| 2026to date | +2.88% | −2.73% |
| 2025 | +7.79% | +11.51% |
| 2024 | +8.29% | +14.68% |
| 2023 | +7.75% | +19.54% |
| 2022 | +4.36% | +9.49% |
| 2021 | +4.48% | +18.07% |
ICICI Prudential Diversified Debt Strategy Active FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,613 of them, one for each trading day from 11-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
ICICI Prudential Diversified Debt Strategy Active FOF (Direct)
ICICI Prudential Dynamic Asset Allocation Active FOF (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Diversified Debt Strategy Active FOF | 0.0 | 0.0 | 86.3 | 13.7 | 0.0 | 0.0 | 0.0 | 8.1% | 8.1% | 5.5% | 12.2% |
| ICICI Prudential Dynamic Asset Allocation Active FOF | 0.1 | 1.6 | 11.8 | 61.8 | 23.3 | 1.4 | 0.1 | 13.2% | 13.7% | −0.4% | 26.0% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 11-01-2013. Past returns do not promise future returns.
ICICI Prudential Diversified Debt Strategy Active FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 04-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Diversified Debt Strategy Active FOFICICI Prudential Diversified Debt Strategy Active FOF (Direct) | ₹16,60,000 | ₹28,17,794 | ₹11,57,794 | 7.3% |
| ICICI Prudential Dynamic Asset Allocation Active FOFICICI Prudential Dynamic Asset Allocation Active FOF (Direct) | ₹16,60,000 | ₹40,01,364 | ₹23,41,364 | 11.9% |
ICICI Prudential Diversified Debt Strategy Active FOFICICI Prudential Diversified Debt Strategy Active FOF (Direct)
ICICI Prudential Dynamic Asset Allocation Active FOFICICI Prudential Dynamic Asset Allocation Active FOF (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
ICICI Prudential Diversified Debt Strategy Active 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 | ICICI Prudential Diversified Debt Strategy Active FOF (Direct) | ICICI Prudential Dynamic Asset Allocation Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | +3.80% | −2.07% |
| Standard deviation | 1.85% | 7.92% |
| Sharpe ratio | -0.78 | -0.92 |
| Sortino ratio | -1.06 | -1.25 |
| Maximum drawdown | −1.4% (23-10-2026) | −7.9% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. 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.
| Measure | ICICI Prudential Diversified Debt Strategy Active FOF (Direct) | ICICI Prudential Dynamic Asset Allocation Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | +6.85% | +10.07% |
| Standard deviation | 1.36% | 6.32% |
| Sharpe ratio | 0.61 | 0.64 |
| Sortino ratio | 0.85 | 0.90 |
| Maximum drawdown | −1.4% (23-10-2026) | −7.9% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. 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.
| Measure | ICICI Prudential Diversified Debt Strategy Active FOF (Direct) | ICICI Prudential Dynamic Asset Allocation Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | +6.25% | +10.17% |
| Standard deviation | 1.30% | 5.46% |
| Sharpe ratio | 0.35 | 0.80 |
| Sortino ratio | 0.49 | 1.14 |
| Maximum drawdown | −1.4% (23-10-2026) | −7.9% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. 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.
| Measure | ICICI Prudential Diversified Debt Strategy Active FOF (Direct) | ICICI Prudential Dynamic Asset Allocation Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | +7.87% | +11.72% |
| Standard deviation | 1.95% | 8.95% |
| Sharpe ratio | 0.94 | 0.63 |
| Sortino ratio | 1.59 | 0.87 |
| Maximum drawdown | −4.6% (19-08-2013) | −26.4% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 04-01-2013 to 30-10-2026. 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.
ICICI Prudential Diversified Debt Strategy Active 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 |
|---|---|---|---|---|---|---|
| ICICI Prudential Diversified Debt Strategy Active FOF (Direct) | −4.6% | 05-06-2013 | 19-08-2013 | 30-12-2013 | 4 months | −1.2% |
| ICICI Prudential Dynamic Asset Allocation Active FOF (Direct) | −26.4% | 12-02-2020 | 23-03-2020 | 13-08-2020 | 5 months | −4.8% |
From daily values since 11-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Diversified Debt Strategy Active FOF (Direct)
ICICI Prudential Dynamic Asset Allocation Active FOF (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Diversified Debt Strategy Active FOF (Direct)
ICICI Prudential Dynamic Asset Allocation Active FOF (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Diversified Debt Strategy Active FOF (Direct)
ICICI Prudential Dynamic Asset Allocation Active FOF (Direct)
ICICI Prudential Diversified Debt Strategy Active FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Diversified Debt Strategy Active FOF, September 2026; ICICI Prudential Dynamic Asset Allocation Active FOF, September 2026
Holdings in common
- Overlap
- 25.3%
- Held by both
- 5
- Only in ICICI Prudential Diversified Debt Strategy Active FOF
- 0
- Only in ICICI Prudential Dynamic Asset Allocation Active FOF
- 23
| Security | % of ICICI Prudential Diversified Debt Strategy Active FOF | % of ICICI Prudential Dynamic Asset Allocation Active FOF |
|---|---|---|
| ICICI Prudential Dynamic Term Fund - Direct Plan - Growth | 40.65% | 9.98% |
| ICICI Prudential Gilt Fund - Direct Plan - Growth | 7.47% | 6.23% |
| ICICI Prudential Floating Interest Rates Fund - Direct Plan | 5.65% | 4.11% |
| ICICI Prudential Short Term Fund - Direct Plan - Growth Option | 32.56% | 3.57% |
| ICICI Prudential Medium Term Fund - Direct Plan - Growth | 11.66% | 1.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 25.3% means 25.3% 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 ICICI Prudential Diversified Debt Strategy Active FOF
Every holding of this fund is also held by the other.
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 Large cap Fund - Direct Plan - Growth | 9.02% |
| ICICI Prudential Focused Fund - Direct - Growth | 6.07% |
| ICICI Prudential Innovation Fund - Direct Plan - Growth | 5.29% |
| ICICI Prudential Large & Mid Cap Fund - Direct Plan - Growth | 5.03% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Diversified Debt Strategy Active 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% |
ICICI Prudential Diversified Debt Strategy Active FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Diversified Debt Strategy Active FOF | ICICI Prudential Dynamic Asset Allocation Active FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.45% | 0.41% |
| Base expense ratio (Direct) | 0.38% | 0.34% |
| Total expense ratio (Regular) | 0.65% | 1.35% |
| Base expense ratio (Regular) | 0.55% | 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.
ICICI Prudential Diversified Debt Strategy Active FOF vs ICICI Prudential Dynamic Asset Allocation Active FOF: Frequently Asked Questions
What is the difference between ICICI Prudential Diversified Debt Strategy Active FOF and ICICI Prudential Dynamic Asset Allocation Active FOF?
ICICI Prudential Diversified Debt Strategy Active FOF is a Fund of Funds fund, ICICI Prudential Dynamic Asset Allocation Active FOF is a Fund of Funds fund, run by ICICI Prudential Mutual Fund. Their portfolios overlap 25.3%. ICICI Prudential Diversified Debt Strategy Active FOF charges 0.45% a year and ICICI Prudential Dynamic Asset Allocation Active FOF 0.41%.
Which has given higher returns, ICICI Prudential Diversified Debt Strategy Active FOF or ICICI Prudential Dynamic Asset Allocation Active FOF?
Over 1 year: ICICI Prudential Diversified Debt Strategy Active FOF +3.80%, ICICI Prudential Dynamic Asset Allocation Active FOF −2.07%. Over 3 years: ICICI Prudential Diversified Debt Strategy Active FOF +6.85% a year, ICICI Prudential Dynamic Asset Allocation Active FOF +10.07% a year. Over 5 years: ICICI Prudential Diversified Debt Strategy Active FOF +6.25% a year, ICICI Prudential Dynamic Asset Allocation Active FOF +10.17% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Diversified Debt Strategy Active FOF or ICICI Prudential Dynamic Asset Allocation Active FOF?
ICICI Prudential Dynamic Asset Allocation Active FOF charges less: 0.41% a year against 0.45%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Diversified Debt Strategy Active FOF and ICICI Prudential Dynamic Asset Allocation Active FOF overlap?
25.3%. They hold 5 of the same securities, the largest shared ones being ICICI Prudential Dynamic Term Fund - Direct Plan - Growth, ICICI Prudential Gilt Fund - Direct Plan - Growth, ICICI Prudential Floating Interest Rates Fund - Direct Plan. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Diversified Debt Strategy Active FOF or ICICI Prudential Dynamic Asset Allocation Active FOF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,18,778 in ICICI Prudential Diversified Debt Strategy Active FOF (XIRR 6.4% a year) and ₹7,66,073 in ICICI Prudential Dynamic Asset Allocation Active FOF (XIRR 8.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Diversified Debt Strategy Active FOF and ICICI Prudential Dynamic Asset Allocation Active FOF?
Yes. 25.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Diversified Debt Strategy Active FOF and ICICI Prudential Dynamic Asset Allocation Active FOF?
ICICI Prudential Diversified Debt Strategy Active FOF: Manish Banthia, Ritesh Lunawat. 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.