ICICI Prudential Dynamic Asset Allocation Active FOF vs ICICI Prudential Multi-Asset Active FOF
Direct Plan, Growth option · Data as on 29-10-2026
ICICI Prudential Dynamic Asset Allocation Active FOF is a Fund of Funds fund and ICICI Prudential Multi-Asset Active FOF is a Fund of Funds fund. ICICI Prudential Dynamic Asset Allocation Active FOF charges 0.41% a year and ICICI Prudential Multi-Asset Active FOF 0.25% (Direct plans). Their portfolios overlap 40.9%: they hold 16 of the same securities.
ICICI Prudential Dynamic Asset Allocation Active FOF
Fund of Funds
- Expense ratio
- 0.41%
- NAV
- ₹134.62
ICICI Prudential Multi-Asset Active FOF
Fund of Funds
- Expense ratio
- 0.25%
- NAV
- ₹9.74
Which is better, ICICI Prudential Dynamic Asset Allocation 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 0.41% (Direct plans).
- ICICI Prudential Dynamic Asset Allocation Active FOF fell less in its worst fall since 20-07-2026: −6.2% against −6.4%.
- ICICI Prudential Dynamic Asset Allocation Active FOF is the larger fund: ₹27,321 Cr against ₹2,513 Cr.
- Their portfolios overlap 40.9%: 16 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 Dynamic Asset Allocation 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 | ₹27,321 Cr (30-09-2026) | ₹2,513 Cr (30-09-2026) |
| NAV | ₹134.62 (Direct) | ₹9.74 (Direct) |
| Expense ratio (Direct) | 0.41% | 0.25% |
| Expense ratio (Regular) | 1.35% | 1.34% |
| Riskometer | Not available | High |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | 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 | ₹5,000 | ICIC/O/O/FOD/26/01/0204 |
| Lock in | None | None |
| Fund managers | Dharmesh Kakkad, Manish Banthia, Ritesh Lunawat, Sharmila D'Silva | Dharmesh Kakkad, Manish Banthia, Akhil Kakkar, Gaurav Chikane, Sharmila D’silva |
| Exit load | Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year. | • 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 Dynamic Asset Allocation Active FOF vs ICICI Prudential Multi-Asset 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Dynamic Asset Allocation Active FOF (Direct) | −0.51% | −3.72% | −0.96% | −2.07% | +10.07% | +10.17% | +11.85% |
| ICICI Prudential Multi-Asset Active FOF (Direct) | −1.60% | −3.06% | -- | -- | -- | -- | -- |
ICICI Prudential Dynamic Asset Allocation Active FOF vs ICICI Prudential Multi-Asset Active FOF: Year-wise Returns
| Year | Dynamic Asset AllocationICICI Prudential Dynamic Asset Allocation Active FOF | Multi-AssetICICI Prudential Multi-Asset Active FOF |
|---|---|---|
| 2026to date | −2.73% | -- |
| 2025 | +11.51% | -- |
| 2024 | +14.68% | -- |
| 2023 | +19.54% | -- |
| 2022 | +9.49% | -- |
| 2021 | +18.07% | -- |
ICICI Prudential Dynamic Asset Allocation Active FOF vs ICICI Prudential Multi-Asset Active FOF: Rolling Returns
Every holding period of both funds
ICICI Prudential Dynamic Asset Allocation 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 Dynamic Asset Allocation Active FOF (Direct) | ICICI Prudential Multi-Asset Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | +11.72% | −9.72% |
| Standard deviation | 8.95% | 6.90% |
| Sharpe ratio | 0.63 | -2.16 |
| Sortino ratio | 0.87 | -2.58 |
| Maximum drawdown | −26.4% (23-03-2020) | −6.4% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 11-01-2013 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.
ICICI Prudential Dynamic Asset Allocation 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 Dynamic Asset Allocation Active FOF (Direct) | −6.2% | 03-08-2026 | 23-10-2026 | Not yet | -- | −4.8% |
| 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 Dynamic Asset Allocation Active FOF vs ICICI Prudential Multi-Asset Active FOF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Dynamic Asset Allocation Active FOF, September 2026; ICICI Prudential Multi-Asset Active FOF, September 2026
Holdings in common
- Overlap
- 40.9%
- Held by both
- 16
- Only in ICICI Prudential Dynamic Asset Allocation Active FOF
- 12
- Only in ICICI Prudential Multi-Asset Active FOF
- 3
| Security | % of ICICI Prudential Dynamic Asset Allocation Active FOF | % of ICICI Prudential Multi-Asset Active FOF |
|---|---|---|
| ICICI Prudential Gilt Fund - Direct Plan - Growth | 6.23% | 6.53% |
| ICICI Prudential Large cap Fund - Direct Plan - Growth | 9.02% | 4.97% |
| ICICI Prudential Banking & Financial Services Fund - Direct - Growth | 4.33% | 10.87% |
| ICICI Prudential Floating Interest Rates Fund - Direct Plan | 4.11% | 7.63% |
| ICICI Prudential Dynamic Term Fund - Direct Plan - Growth | 9.98% | 3.98% |
| ICICI Prudential Short Term Fund - Direct Plan - Growth Option | 3.57% | 10.61% |
| ICICI Prudential Technology Fund - Direct - Growth | 4.75% | 2.91% |
| ICICI Prudential Housing Opportunities Fund - Direct - Growth | 1.81% | 6.09% |
| ICICI Prudential Healthcare Fund - Direct Plan - Growth | 1.71% | 4.78% |
| ICICI Prudential Corporate Bond Fund- Direct Plan - Growth | 3.44% | 1.60% |
| ICICI Prudential Commodities Fund - Direct - Growth | 1.56% | 5.08% |
| ICICI Prudential Bharat Consumption Fund - Direct - Growth | 1.15% | 1.71% |
| ICICI Prudential Exports and Services Fund - Direct - Growth | 1.07% | 3.45% |
| ICICI Prudential Energy Opportunities Fund - Direct Plan - Growth | 0.79% | 6.44% |
| ICICI Prudential FMCG Fund - Direct Plan - Growth | 0.65% | 2.13% |
| ICICI Prudential Credit Risk Fund - Direct Plan - Growth | 0.43% | 3.82% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.9% means 40.9% 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 Dynamic Asset Allocation Active FOF
| Security | % of fund |
|---|---|
| ICICI Prudential Value Fund - Direct Plan - Growth | 14.17% |
| 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% |
| ICICI Prudential Infrastructure Fund - Direct Plan - Growth | 4.50% |
Largest holdings only in ICICI Prudential Multi-Asset Active FOF
| Security | % of fund |
|---|---|
| ICICI Prudential Gold ETF | 6.72% |
| ICICI Prudential Silver ETF | 5.05% |
| ICICI Prudential Transportation & Logistic Fund - Direct Plan - Growth | 3.75% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Dynamic Asset Allocation 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 Dynamic Asset Allocation 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 Dynamic Asset Allocation Active FOF | ICICI Prudential Multi-Asset Active FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.41% | 0.25% |
| Base expense ratio (Direct) | 0.34% | 0.18% |
| Total expense ratio (Regular) | 1.35% | 1.34% |
| Base expense ratio (Regular) | 1.15% | 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 Dynamic Asset Allocation Active FOF vs ICICI Prudential Multi-Asset Active FOF: Frequently Asked Questions
What is the difference between ICICI Prudential Dynamic Asset Allocation Active FOF and ICICI Prudential Multi-Asset Active FOF?
ICICI Prudential Dynamic Asset Allocation 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 40.9%. ICICI Prudential Dynamic Asset Allocation Active FOF charges 0.41% a year and ICICI Prudential Multi-Asset Active FOF 0.25%.
Which has the lower expense ratio, ICICI Prudential Dynamic Asset Allocation Active FOF or ICICI Prudential Multi-Asset Active FOF?
ICICI Prudential Multi-Asset Active FOF charges less: 0.25% a year against 0.41%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Dynamic Asset Allocation Active FOF and ICICI Prudential Multi-Asset Active FOF overlap?
40.9%. They hold 16 of the same securities, the largest shared ones being ICICI Prudential Gilt Fund - Direct Plan - Growth, ICICI Prudential Large cap Fund - Direct Plan - Growth, ICICI Prudential Banking & Financial Services Fund - Direct - Growth. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Dynamic Asset Allocation Active FOF and ICICI Prudential Multi-Asset Active FOF?
Yes. 40.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages ICICI Prudential Dynamic Asset Allocation Active FOF and ICICI Prudential Multi-Asset Active FOF?
ICICI Prudential Dynamic Asset Allocation Active FOF: Dharmesh Kakkad, Manish Banthia, Ritesh Lunawat, Sharmila D'Silva. 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.