ICICI Prudential Diversified Debt Strategy Active FOF vs ICICI Prudential Multi-Asset 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 Multi-Asset Active FOF is a Fund of Funds fund. ICICI Prudential Diversified Debt Strategy Active FOF charges 0.45% a year and ICICI Prudential Multi-Asset Active FOF 0.25% (Direct plans). Their portfolios overlap 26.8%: they hold 4 of the same securities.
ICICI Prudential Diversified Debt Strategy Active FOF
Fund of Funds
- Expense ratio
- 0.45%
- NAV
- ₹49.53
ICICI Prudential Multi-Asset Active FOF
Fund of Funds
- Expense ratio
- 0.25%
- NAV
- ₹9.74
Which is better, ICICI Prudential Diversified Debt Strategy Active FOF or ICICI Prudential Multi-Asset 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 Multi-Asset Active FOF costs less: 0.25% a year against 0.45% (Direct plans).
- ICICI Prudential Diversified Debt Strategy Active FOF fell less in its worst fall since 20-07-2026: −1.4% against −6.4%.
- ICICI Prudential Multi-Asset Active FOF is the larger fund: ₹2,513 Cr against ₹106 Cr.
- Their portfolios overlap 26.8%: 4 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 Multi-Asset 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) | ₹2,513 Cr (30-09-2026) |
| NAV | ₹49.53 (Direct) | ₹9.74 (Direct) |
| Expense ratio (Direct) | 0.45% | 0.25% |
| Expense ratio (Regular) | 0.65% | 1.34% |
| Riskometer | Not available | High |
| Benchmark | NIFTY Composite Debt Index A-III | 55% Nifty 200 TRI + 35% NIFTY Composite Debt Index + 7% Domestic Price of Gold + 3% Domestic Price of Silver |
| Launch date | 18-12-2003 | 17-07-2026 |
| Minimum investment | ₹100 | ICIC/O/O/FOD/26/01/0204 |
| Lock in | None | None |
| Fund managers | Manish Banthia, Ritesh Lunawat | Dharmesh Kakkad, Manish Banthia, Akhil Kakkar, Gaurav Chikane, 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. | • NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 30% of the units (the limit) purchased or switched within 1 year from the date of allotment. • 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit within 1 Year from the date of allotment. • NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 Year from the date of allotment.The Trustees shall have a right to prescribe or modify the exit load structure with prospective effect subject to a maximum prescribed under the Regulations. For more details, refer section on ‘Load structure’. |
ICICI Prudential Diversified Debt Strategy Active FOF vs ICICI Prudential Multi-Asset 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 Multi-Asset Active FOF (Direct) | −1.60% | −3.06% | -- | -- | -- | -- | -- |
ICICI Prudential Diversified Debt Strategy Active FOF vs ICICI Prudential Multi-Asset Active FOF: Year-wise Returns
| Year | Diversified Debt StrategyICICI Prudential Diversified Debt Strategy Active FOF | Multi-AssetICICI Prudential Multi-Asset Active FOF |
|---|---|---|
| 2026to date | +2.88% | -- |
| 2025 | +7.79% | -- |
| 2024 | +8.29% | -- |
| 2023 | +7.75% | -- |
| 2022 | +4.36% | -- |
| 2021 | +4.48% | -- |
ICICI Prudential Diversified Debt Strategy Active FOF vs ICICI Prudential Multi-Asset Active FOF: Rolling Returns
Every holding period of both funds
ICICI Prudential Diversified Debt Strategy Active FOF vs ICICI Prudential Multi-Asset 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 Multi-Asset Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | +7.87% | −9.72% |
| Standard deviation | 1.95% | 6.90% |
| Sharpe ratio | 0.94 | -2.16 |
| Sortino ratio | 1.59 | -2.58 |
| Maximum drawdown | −4.6% (19-08-2013) | −6.4% (23-10-2026) |
| 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 Multi-Asset 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) | −1.4% | 14-08-2026 | 23-10-2026 | Not yet | -- | −1.2% |
| ICICI Prudential Multi-Asset Active FOF (Direct) | −6.4% | 25-08-2026 | 23-10-2026 | Not yet | -- | −5.0% |
From daily values since 20-07-2026, the first day every fund has.
ICICI Prudential Diversified Debt Strategy Active FOF vs ICICI Prudential Multi-Asset Active FOF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Diversified Debt Strategy Active FOF, September 2026; ICICI Prudential Multi-Asset Active FOF, September 2026
Holdings in common
- Overlap
- 26.8%
- Held by both
- 4
- Only in ICICI Prudential Diversified Debt Strategy Active FOF
- 1
- Only in ICICI Prudential Multi-Asset Active FOF
- 15
| Security | % of ICICI Prudential Diversified Debt Strategy Active FOF | % of ICICI Prudential Multi-Asset Active FOF |
|---|---|---|
| ICICI Prudential Short Term Fund - Direct Plan - Growth Option | 32.56% | 10.61% |
| ICICI Prudential Gilt Fund - Direct Plan - Growth | 7.47% | 6.53% |
| ICICI Prudential Floating Interest Rates Fund - Direct Plan | 5.65% | 7.63% |
| ICICI Prudential Dynamic Term Fund - Direct Plan - Growth | 40.65% | 3.98% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.8% means 26.8% 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
| Security | % of fund |
|---|---|
| ICICI Prudential Medium Term Fund - Direct Plan - Growth | 11.66% |
Largest holdings only in ICICI Prudential Multi-Asset Active FOF
| Security | % of fund |
|---|---|
| ICICI Prudential Banking & Financial Services Fund - Direct - Growth | 10.87% |
| ICICI Prudential Gold ETF | 6.72% |
| ICICI Prudential Energy Opportunities Fund - Direct Plan - Growth | 6.44% |
| ICICI Prudential Housing Opportunities Fund - Direct - Growth | 6.09% |
| ICICI Prudential Commodities Fund - Direct - Growth | 5.08% |
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 Multi-Asset 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 Multi-Asset 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 Multi-Asset Active FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.45% | 0.25% |
| Base expense ratio (Direct) | 0.38% | 0.18% |
| Total expense ratio (Regular) | 0.65% | 1.34% |
| Base expense ratio (Regular) | 0.55% | 1.14% |
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 Multi-Asset Active FOF: Frequently Asked Questions
What is the difference between ICICI Prudential Diversified Debt Strategy Active FOF and ICICI Prudential Multi-Asset Active FOF?
ICICI Prudential Diversified Debt Strategy Active FOF is a Fund of Funds fund, ICICI Prudential Multi-Asset Active FOF is a Fund of Funds fund, run by ICICI Prudential Mutual Fund. Their portfolios overlap 26.8%. ICICI Prudential Diversified Debt Strategy Active FOF charges 0.45% a year and ICICI Prudential Multi-Asset Active FOF 0.25%.
Which has the lower expense ratio, ICICI Prudential Diversified Debt Strategy Active FOF or ICICI Prudential Multi-Asset Active FOF?
ICICI Prudential Multi-Asset Active FOF charges less: 0.25% 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 Multi-Asset Active FOF overlap?
26.8%. They hold 4 of the same securities, the largest shared ones being ICICI Prudential Short Term Fund - Direct Plan - Growth Option, ICICI Prudential Gilt Fund - Direct Plan - Growth, ICICI Prudential Floating Interest Rates Fund - Direct Plan. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Diversified Debt Strategy Active FOF and ICICI Prudential Multi-Asset Active FOF?
Yes. 26.8% 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 Multi-Asset Active FOF?
ICICI Prudential Diversified Debt Strategy Active FOF: Manish Banthia, Ritesh Lunawat. ICICI Prudential Multi-Asset Active FOF: Dharmesh Kakkad, Manish Banthia, Akhil Kakkar, Gaurav Chikane, 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.