ICICI Prudential Dynamic Asset Allocation Active FOF Growth

Diversified

Hybrid

India Multi Asset

Others

Aggressive growth Investor Profile

Investor Profile

4–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Icici Prudential Asset Allocator Fund(Fof) Growth mixes stocks and bonds for balanced growth and stability.

What This Strategy Does

ICICI Prudential Dynamic Asset Allocation Active FOF Growth is an equity fund of funds which captures India's multi-asset opportunity through active allocation across asset classes, deploying capital across financials, technology, and consumer sectors to achieve broad-based earnings growth.

CW Expert Research Notes

Resilient Outcomes

The fund's dynamic asset allocation strategy has delivered consistent outperformance across market cycles, exhibiting resilience through earnings downturns and capturing upside during expansions.

Balanced Construction

The fund's portfolio construction reflects a balanced approach, with meaningful allocations across market capitalization segments and sectors like financials, technology, and consumer discretionary.

Diversifying Portfolio Role

As a fund of funds, the strategy offers a diversifying portfolio role, with potential catalysts including policy shifts, capex cycles, and earnings revisions across underlying holdings.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

0.0% AnnuallyAlpha

+11.3% vs +9.9% benchmarkSince Inception

+9.9% vs +6.0% benchmark3Y Annualized

+10.1% vs +6.3% benchmark5Y Annualized

ICICI Prudential Dynamic Asset Allocation Active FOF Growth

Benchmark Index

Benchmark Performance Comparison

Icici Prudential Asset Allocator Fund

NIFTY 50 + FD Returns

Risk Profile

Standard Deviation9.7%

Maximum Drawdown-7.7% | Jan 2026

Sharpe Ratio-0.09

Detailed Risks

Market Risk

Potential recession in India driven by high inflation could undermine consumer demand, impacting fund holdings; however, dynamic asset allocation mitigates cyclical risks.

Liquidity Risk

Concentrated mid-cap exposure could face liquidity stress during market sell-offs, hindering rebalancing; large-cap tilt and cash buffers provide mitigation.

Concentration Risk

Significant mid-cap tilt exposes fund to idiosyncratic risks in concentrated holdings; diversification across sectors and disciplined position sizing limits downside impact.

Specific Strategy Risk

Regulatory changes to fund-of-funds structure or taxation could disrupt strategy execution; rigorous monitoring of policy landscape and contingency planning are embedded.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Provides dynamic asset allocation across equity, debt, and cash to navigate changing market conditions. This flexible approach aims to optimize risk-adjusted returns by actively shifting exposures based on the fund manager's assessment of relative valuations and macro environment.

Broader Market View

Market Outlook

Equity markets appear to be entering a mid-cycle phase, with consumption and earnings recovery gaining traction. This normalization backdrop, supported by trends like reviving capex and credit growth, presents an opportune entry point. However, risks such as competitive pressures and margin cyclicality warrant a balanced approach aligned with sectors poised to capitalize on domestic demand formalization.

Why This Strategy is Attractive Now

The strategy's portfolio construction seems well-suited for the current environment. Its holdings are diversified across consumer, financial, and technology sectors that stand to benefit from formalization tailwinds. The presence of established leaders complemented by a moderate risk profile could allow for flexibility in navigating cyclical dynamics. With around 70 holdings providing balance, this strategy appears positioned to harness opportunities arising from the evolving market landscape.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach offers exposure to resilient businesses with pricing power and sustainable growth trajectories.

High-Level Investment Process

Sourcing: The strategy appears to favor companies with strong franchises, healthy balance sheets, and attractive growth runways across a range of sectors. Selection: The process suggests a preference for businesses with robust profitability, high returns on capital, and reasonable valuations relative to growth prospects. Construction: Portfolio construction is consistent with managing exposures across investment factors while maintaining a focus on quality characteristics.

Portfolio Holdings Overview

SectoralAllocation

Energy & Infra6.94%

Financial Services26.93%

Services13.83%

Utilities4.39%

Capital Goods18.18%

Technology13.17%

Consumers16.55%

Geographic Allocation

Domestic99.13158%

International0.86841%

Top Stock Holdings

CompanySectorAllocation

ICICI Pru All Seasons Bond Dir GrUtilities11.04%

ICICI Prudential Value Dir GrUtilities11.00%

ICICI Pru Savings Dir GrUtilities8.84%

ICICI Pru Focused Equity Dir GrUtilities5.66%

ICICI Pru Innovt Dir GrUtilities4.93%

ICICI Pru Banking & Fin Svcs Dir GrUtilities4.92%

ICICI Pru Technology Dir GrUtilities4.92%

ICICI Pru Large & Mid Cap Dir GrUtilities4.91%

ICICI Pru Infrastructure Dir GrUtilities4.46%

ICICI Pru Short Term Dir GrUtilities4.32%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Ritesh Lunawat

Mr. Ritesh Lunawat has experience of 13 years. Manages 128 funds at ICICI Prudential Asset Management Co Ltd with an AUM of approximately ₹28,974 Cr Holds a B.Com degree.

42 years

Combined Team Experience

₹ 3,61,441 Cr

Assets Under Management

Dharmesh Kakkad

Co-Portfolio Manager

Mr. Dharmesh Kakkad has experience of 16 years. Manages 44 funds at ICICI Prudential Asset Management Co Ltd with an AUM of approximately ₹1,49,755 Cr Holds a B.com degree.

Sharmila D'Silva

Co-Portfolio Manager

Ms. Sharmila D'Silva has experience of 12 years. Manages 336 funds at ICICI Prudential Asset Management Co Ltd with an AUM of approximately ₹1,82,712 Cr Holds a BAF degree.

CW Expert Take

ICICI Prudential combines scale with specialization. Their investment philosophy centers on understanding business economics rather than following market momentum. The fund house has built distinct expertise across asset classes, from equity research teams focused on sectoral deep-dives to fixed income desks with strong credit assessment capabilities.

Investment Philosophy & Approach

Disciplined Approach

ICICI Prudential AMC follows a disciplined investment approach with robust risk management.

Dynamic Asset Allocation

The fund house employs dynamic asset allocation strategies across asset classes.

Long-Term Perspective

ICICI Prudential AMC maintains a long-term perspective in portfolio construction.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)2.02%

Exit Load1

Regulatory & Tax Information

INF109K01837

ISIN

DailyDealing Frequency

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)