ICICI Prudential Gold ETF FOF vs ICICI Prudential Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Gold ETF FOF is a Fund of Funds fund and ICICI Prudential Multi Asset Allocation Fund is a Multi Asset fund. In the 3 years to 30-10-2026, ICICI Prudential Gold ETF FOF (Direct) returned 30.5% a year and ICICI Prudential Multi Asset Allocation Fund (Direct) returned 12.9% a year. ICICI Prudential Gold ETF FOF charges 0.14% a year and ICICI Prudential Multi Asset Allocation Fund 0.85% (Direct plans). Their portfolios overlap 10.1%: they hold 1 of the same security.
ICICI Prudential Gold ETF FOF
Fund of Funds
- 3 year return
- 30.5%
- Expense ratio
- 0.14%
- NAV
- ₹44.54
ICICI Prudential Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 12.9%
- Expense ratio
- 0.85%
- NAV
- ₹853.87
Which is better, ICICI Prudential Gold ETF FOF or ICICI Prudential Multi Asset Allocation? 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 Gold ETF FOF returned more over 5 years: 22.6% a year against 13.9%.
- ICICI Prudential Gold ETF FOF returned more over 3 years: 30.5% a year against 12.9%.
- ICICI Prudential Gold ETF FOF costs less: 0.14% a year against 0.85% (Direct plans).
- ICICI Prudential Multi Asset Allocation swung less over 3 years: a standard deviation of 8.3% a year against 21.9%.
- ICICI Prudential Gold ETF FOF fell less in its worst fall since 02-01-2013: −25.8% against −30.6%.
- ICICI Prudential Multi Asset Allocation is the larger fund: ₹84,108 Cr against ₹7,067 Cr.
- Their portfolios overlap 10.1%: 1 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 Gold ETF FOF | ICICI Prudential Multi Asset Allocation Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Fund of Funds | Multi Asset |
| AUM | ₹7,067 Cr (30-09-2026) | ₹84,108 Cr (30-09-2026) |
| NAV | ₹44.54 (Direct) | ₹853.87 (Direct) |
| Expense ratio (Direct) | 0.14% | 0.85% |
| Expense ratio (Regular) | 0.56% | 1.43% |
| Riskometer | Not available | Not available |
| Benchmark | Gold Index | Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + i |
| Launch date | 11-10-2011 | 31-10-2002 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Manish Banthia, Nishit Patel, Ahswini Bharucha, Venus Ahuja | Sankaran Naren, Manish Banthia, Gaurav Chikane, Sharmila D'silva, Antariksha Banerjee, Akhil Kakkar, Masoomi Jurmarvala |
| Exit load | Exit load of 1% if redeemed within 15 days | Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 365 days. |
ICICI Prudential Gold ETF FOF vs ICICI Prudential Multi Asset Allocation: 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 Gold ETF FOF (Direct) | −5.32% | −1.82% | −6.80% | +16.06% | +30.52% | +22.64% | +15.12% |
| ICICI Prudential Multi Asset Allocation Fund (Direct) | −1.72% | −5.05% | −3.78% | −3.66% | +12.92% | +13.95% | +14.80% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | +12.56% | +12.92% |
Category average: the average of the 37 Multi Asset funds, same plan type.
ICICI Prudential Gold ETF FOF vs ICICI Prudential Multi Asset Allocation: Year-wise Returns
| Year | Gold ETF FOFICICI Prudential Gold ETF FOF | Multi Asset AllocationICICI Prudential Multi Asset Allocation |
|---|---|---|
| 2026to date | +4.37% | −5.73% |
| 2025 | +72.52% | +19.46% |
| 2024 | +19.71% | +17.08% |
| 2023 | +13.81% | +24.98% |
| 2022 | +13.03% | +17.61% |
| 2021 | −4.98% | +35.54% |
ICICI Prudential Gold ETF FOF vs ICICI Prudential Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,622 of them, one for each trading day from 04-01-2016 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 Gold ETF FOF (Direct)
ICICI Prudential Multi Asset Allocation Fund (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 Gold ETF FOF | 10.2 | 22.7 | 15.6 | 19.9 | 16.1 | 4.7 | 10.9 | 11.7% | 10.5% | −7.2% | 44.7% |
| ICICI Prudential Multi Asset Allocation | 0.6 | 5.8 | 6.5 | 27.0 | 28.3 | 23.0 | 8.7 | 16.6% | 17.4% | −3.8% | 35.2% |
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 02-01-2013. Past returns do not promise future returns.
ICICI Prudential Gold ETF FOF vs ICICI Prudential Multi Asset Allocation: 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Gold ETF FOFICICI Prudential Gold ETF FOF (Direct) | ₹16,60,000 | ₹53,67,336 | ₹37,07,336 | 15.6% |
| ICICI Prudential Multi Asset AllocationICICI Prudential Multi Asset Allocation Fund (Direct) | ₹16,60,000 | ₹51,81,831 | ₹35,21,831 | 15.2% |
ICICI Prudential Gold ETF FOFICICI Prudential Gold ETF FOF (Direct)
ICICI Prudential Multi Asset AllocationICICI Prudential Multi Asset Allocation Fund (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 Gold ETF FOF vs ICICI Prudential Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Gold ETF FOF (Direct) | ICICI Prudential Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.06% | −3.66% |
| Standard deviation | 31.54% | 10.29% |
| Sharpe ratio | 0.34 | -0.86 |
| Sortino ratio | 0.47 | -1.16 |
| Maximum drawdown | −25.8% (23-03-2026) | −9.5% (23-03-2026) |
| 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 Gold ETF FOF (Direct) | ICICI Prudential Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +30.52% | +12.92% |
| Standard deviation | 21.91% | 8.29% |
| Sharpe ratio | 1.12 | 0.83 |
| Sortino ratio | 1.58 | 1.16 |
| Maximum drawdown | −25.8% (23-03-2026) | −9.5% (23-03-2026) |
| 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 Gold ETF FOF (Direct) | ICICI Prudential Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +22.64% | +13.95% |
| Standard deviation | 18.36% | 8.38% |
| Sharpe ratio | 0.92 | 0.97 |
| Sortino ratio | 1.31 | 1.36 |
| Maximum drawdown | −25.8% (23-03-2026) | −9.5% (23-03-2026) |
| 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 Gold ETF FOF (Direct) | ICICI Prudential Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.47% | +15.43% |
| Standard deviation | 16.52% | 11.61% |
| Sharpe ratio | 0.27 | 0.81 |
| Sortino ratio | 0.38 | 1.11 |
| Maximum drawdown | −25.8% (23-03-2026) | −30.6% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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 Gold ETF FOF (Direct)
ICICI Prudential Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Gold ETF FOF (Direct) | −25.8% | 29-01-2026 | 23-03-2026 | Not yet | -- | −22.0% |
| ICICI Prudential Multi Asset Allocation Fund (Direct) | −30.6% | 17-01-2020 | 23-03-2020 | 01-12-2020 | 8 months | −7.1% |
From daily values since 02-01-2013, 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 Gold ETF FOF (Direct)
ICICI Prudential Multi Asset Allocation Fund (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 Gold ETF FOF (Direct)
ICICI Prudential Multi Asset Allocation Fund (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 Gold ETF FOF (Direct)
ICICI Prudential Multi Asset Allocation Fund (Direct)
ICICI Prudential Gold ETF FOF vs ICICI Prudential Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Gold ETF FOF, September 2026; ICICI Prudential Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 10.1%
- Held by both
- 1
- Only in ICICI Prudential Gold ETF FOF
- 0
- Only in ICICI Prudential Multi Asset Allocation
- 225
| Security | % of ICICI Prudential Gold ETF FOF | % of ICICI Prudential Multi Asset Allocation |
|---|---|---|
| ICICI Prudential Gold ETF | 99.96% | 10.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.1% means 10.1% 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 Gold ETF FOF
Every holding of this fund is also held by the other.
Largest holdings only in ICICI Prudential Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 6.07% |
| Life Insurance Corporation of India | 3.76% |
| ICICI Bank Ltd. | 3.57% |
| Reliance Industries Ltd. | 3.17% |
| Bajaj Finserv Ltd. | 2.55% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Gold ETF FOF | ICICI Prudential Multi Asset Allocation |
|---|---|---|
| Equity | 0.0% | 67.3% |
| Debt | 0.0% | 15.0% |
| Cash and others | 100.0% | 17.7% |
Market cap of stocks
| Market cap | ICICI Prudential Gold ETF FOF | ICICI Prudential Multi Asset Allocation |
|---|---|---|
| Large Cap | -- | 49.2% |
| Mid Cap | -- | 12.1% |
| Small Cap | -- | 5.4% |
| Foreign stocks | -- | 0.2% |
| Not on AMFI's list | -- | 0.4% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | ICICI Prudential Gold ETF FOF | ICICI Prudential Multi Asset Allocation |
|---|---|---|
| Banks | 0.0% | 15.5% |
| Insurance | 0.0% | 6.5% |
| Finance | 0.0% | 4.5% |
| Automobiles | 0.0% | 4.1% |
| Petroleum Products | 0.0% | 3.4% |
| Retailing | 0.0% | 3.3% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Gold ETF FOF vs ICICI Prudential Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Gold ETF FOF | ICICI Prudential Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.14% | 0.85% |
| Base expense ratio (Direct) | 0.12% | 0.57% |
| Total expense ratio (Regular) | 0.56% | 1.43% |
| Base expense ratio (Regular) | 0.48% | 1.07% |
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.
More comparisons
Each fund against the others of its category
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ICICI Prudential Gold ETF FOF vs ICICI Prudential Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Gold ETF FOF and ICICI Prudential Multi Asset Allocation Fund?
ICICI Prudential Gold ETF FOF is a Fund of Funds fund, ICICI Prudential Multi Asset Allocation Fund is a Multi Asset fund, run by ICICI Prudential Mutual Fund. Their portfolios overlap 10.1%. ICICI Prudential Gold ETF FOF charges 0.14% a year and ICICI Prudential Multi Asset Allocation Fund 0.85%.
Which has given higher returns, ICICI Prudential Gold ETF FOF or ICICI Prudential Multi Asset Allocation Fund?
Over 1 year: ICICI Prudential Gold ETF FOF +16.06%, ICICI Prudential Multi Asset Allocation Fund −3.66%. Over 3 years: ICICI Prudential Gold ETF FOF +30.52% a year, ICICI Prudential Multi Asset Allocation Fund +12.92% a year. Over 5 years: ICICI Prudential Gold ETF FOF +22.64% a year, ICICI Prudential Multi Asset Allocation Fund +13.95% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Gold ETF FOF or ICICI Prudential Multi Asset Allocation Fund?
ICICI Prudential Gold ETF FOF charges less: 0.14% a year against 0.85%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Gold ETF FOF and ICICI Prudential Multi Asset Allocation Fund overlap?
10.1%. They hold 1 of the same securities, the largest shared ones being GOLDIETF. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Gold ETF FOF or ICICI Prudential Multi Asset Allocation Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹11,76,824 in ICICI Prudential Gold ETF FOF (XIRR 26.2% a year) and ₹8,21,595 in ICICI Prudential Multi Asset Allocation Fund (XIRR 11.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Gold ETF FOF and ICICI Prudential Multi Asset Allocation Fund?
Yes. 10.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Gold ETF FOF and ICICI Prudential Multi Asset Allocation Fund?
ICICI Prudential Gold ETF FOF: Manish Banthia, Nishit Patel, Ahswini Bharucha, Venus Ahuja. ICICI Prudential Multi Asset Allocation Fund: Sankaran Naren, Manish Banthia, Gaurav Chikane, Sharmila D'silva, Antariksha Banerjee, Akhil Kakkar, Masoomi Jurmarvala.
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.