March 3, 2026
RA Jainee
📌 Fund Snapshot & Key Details
| Particulars | Details |
|---|---|
| Fund House | ICICI Prudential Mutual Fund |
| Scheme Type | Open-ended |
| Category | Equity: Flexi Cap (Fund of Funds) |
| Benchmark | NIFTY 500 TRI |
| NFO Opens | 02 March 2026 |
| NFO Closes | 16 March 2026 |
| Plan / Option | Growth |
| Minimum Investment (Rs.) | 100 |
| Exit Load | 1% for redemption within 1 year |
| Lock-in Period | NA |
| Riskometer | Very High |
| Registrar | Computer Age Management Services Ltd. (CAMS) |
⚖️ Sahifund NFO Review
ICICI Prudential Diversified Equity All Cap Active FoF – Direct | Growth
PLUS
• Diversified exposure across large-cap, mid-cap and small-cap equities through multiple active funds
• Managed by one of India’s most experienced mutual fund houses with a strong research ecosystem
• Fund-of-funds structure enables investors to access multiple strategies within a single portfolio
• Low minimum investment (Rs.100) improves accessibility for retail investors
• Broad market exposure reduces single-sector or single-stock concentration risk
MINUS
• FoF structure leads to an additional layer of expenses compared with direct equity funds
• Performance depends on underlying schemes rather than direct stock selection
• Limited flexibility to outperform the market during strong sector rotations
• Overlap risk if investors already hold ICICI Prudential equity funds
• Returns may broadly mirror diversified market performance rather than generating aggressive alpha
Sahifund View (Decisive Line)
A convenient diversified equity solution for new investors, but existing mutual fund investors may achieve similar diversification through direct schemes.
👉 Apply Online | Ask Us MF Queries |
⏱️ Last Updated: 10 March 2026, 10.00 AM
📊 Sahifund Interpretation of the Benchmark
NIFTY 500 TRI
The NIFTY 500 TRI represents the broadest cross-section of India’s equity market, covering the top 500 companies across large-cap, mid-cap and small-cap segments.
Because it includes nearly the entire investable equity universe, the index closely reflects India’s overall economic growth and corporate earnings expansion.
Benchmark Performance Snapshot
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | -2.95 | -2.95 | 16.53 | 13.72 | 10.61 |
| Total Return | -2.84 | -2.84 | 17.62 | 14.88 | 12.28 |
Statistics
| Statistics | 1 Year | 5 Years | Since Inception |
|---|---|---|---|
| Std. Deviation | 12.87 | 14.17 | 22.01 |
| Beta (NIFTY 50) | 1.04 | 1.00 | 0.94 |
| Correlation (NIFTY 50) | 0.96 | 0.96 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
|---|---|---|
| 23.50 | 3.6 | 1.12 |
Benchmark Portfolio Characteristics
| Parameter | Details |
|---|---|
| Methodology | Free Float Market Capitalization |
| No. of Constituents | 500 |
| Base Date | January 01, 1995 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Sahifund Insight:
The NIFTY 500 TRI behaves like a proxy for the entire Indian equity market, making it a suitable benchmark for diversified all-cap strategies.
🧠 Investment Strategy – Explained Simply
The scheme seeks to generate long-term capital appreciation by investing in a portfolio of diversified domestic active equity-oriented mutual fund schemes across market capitalisations.
Instead of directly selecting stocks, the fund invests in existing active equity funds, creating a layered portfolio approach.
This strategy effectively provides:
• Exposure to multiple fund managers
• Diversification across market caps
• Access to different investment styles
However, since it invests in other mutual funds, returns depend on the performance of the underlying schemes rather than direct stock selection.
👤 Sahifund Interpretation of Fund Managers & Their Performance
Dharmesh Kakkad
Dharmesh Kakkad has been associated with ICICI Prudential AMC since 2010, gaining extensive experience in portfolio execution and fund operations. His role in FoF strategies primarily involves portfolio construction, scheme allocation and rebalancing.
Sharmila D’Silva
Sharmila D’Silva joined ICICI Prudential AMC in 2016 and brings a strong background in finance and investment analysis. Her responsibilities include monitoring underlying schemes and maintaining portfolio diversification.
Sahifund Assessment:
In FoF strategies, fund managers focus less on stock selection and more on asset allocation across underlying funds. ICICI Prudential’s institutional research framework provides operational strength, but alpha generation depends largely on the performance of underlying schemes.
🎯 Suitable for Which Investors?
Suitable if you:
• Are new to mutual fund investing
• Want diversified exposure across market caps
• Prefer a simplified “one-fund portfolio” approach
• Have a long-term investment horizon of 5+ years
Avoid if you:
• Already hold multiple diversified equity funds
• Prefer direct equity funds with lower expense ratios
• Are seeking aggressive alpha generation
• Have a short-term investment horizon
❓ Should You Invest in This NFO?
Yes — but mainly for convenience and simplicity.
This NFO may suit investors who prefer a single diversified fund that allocates across multiple active strategies.
However, experienced investors may achieve similar diversification by directly holding a mix of large-cap, mid-cap and flexi-cap funds, potentially at lower cost.
Final Word:
A simple all-cap diversification tool designed more for convenience than aggressive outperformance.
⚠️ Disclaimer
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.
Quicklinks