ICICI Prudential Dynamic Asset Allocation Passive FoF is a dynamic asset allocation hybrid fund from ICICI Prudential Mutual Fund. This page covers the direct plan, growth option, the version with no distributor commission inside its expense ratio. A fund in this category moves between equity and debt as the manager judges valuations, so its equity share changes over time.
It manages ₹17 crore of investors' money and charges an expense ratio of 0.69 percent a year, deducted before the NAV is struck. The scheme is managed by Manish Banthia. The riskometer places it at high risk.
Mutual fund gains are capital gains, taxed when you redeem, and the rate depends on what the scheme holds and how long you held the units. The rules below are those in force after the Finance Act of 2024 for redemptions from 23 July 2024, with the changes of April 2025 for gold, silver and international funds. Rupix is not a tax adviser; confirm the treatment for your own case.
A fund of funds that holds Indian schemes is taxed as a non-equity fund from 1 April 2025: units held for more than twenty-four months are long-term and taxed at twelve and a half percent without indexation, and shorter holdings at your slab rate. A fund of funds that holds equity exchange traded funds and keeps at least ninety percent in them is taxed as equity.
Reading the numbers, how to invest in a direct plan, and the terms used on this page
It is a dynamic asset allocation fund. A fund in this category moves between equity and debt as the manager judges valuations, so its equity share changes over time.
The direct plan charges 0.69 percent a year. The charge is taken out of the scheme's assets every day before the NAV is calculated, so every return figure shown is already net of it.
The scheme manages ₹17 crore across all its plans. Size is updated monthly by the fund house.
You can start with a SIP of ₹1,000 a month or a one-time investment of ₹1,000. The fund house may accept smaller top-ups once you hold units. Rupix does not take investments; buy direct from the fund house or through a platform that offers direct plans.
Yes. The scheme's exit load is: Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 12 months. An exit load is deducted from the redemption amount when you sell within the stated period.
The scheme is managed by Manish Banthia, as disclosed by the fund house. Managers change from time to time; the fund house's factsheet carries the current name.
The fund house's riskometer rates it high. The riskometer is a SEBI-mandated label based on what the scheme holds; it describes how much the value can swing, not whether the fund will make money.
From the NAV every fund house reports to the Association of Mutual Funds in India after the market closes. The NAV history chart goes back to the scheme's launch. The headline figure is the most recent close Rupix has recorded.