Contents
Returns vs category
3 years: 14.48% a year, 11th of 15 multi asset allocation funds
Direct-Growth plan, a year, to 9 November 2026, from AMFI NAVs. Ranks and averages cover the 37 multi asset allocation funds AMFI lists that are old enough for each period.
Year by year
Ahead of the category average in 7 of the last 10 calendar years
- 2016+13.4%avg +10.3%
- 2017+29.4%avg +15.3%
- 2018−1.1%avg +1.1%
- 2019+8.5%avg +10.3%
- 2020+10.7%avg +18.1%
- 2021+35.5%avg +26.2%
- 2022+17.6%avg +7.5%
- 2023+25.0%avg +23.2%
- 2024+17.1%avg +17.1%
- 2025+19.5%avg +17.8%
- 2026to 9 Nov−0.4%avg +3.3%
Calendar-year returns of the Direct-Growth plan. The average covers today’s multi asset allocation funds that had a full year then.
3-year returns
3-year returns since 2013 ranged from −3.8% to 35.2% a year
- Lowest
- −3.8%
- to March 2020
- Middle
- +17.4%
- Highest
- +35.2%
- to March 2023
Every 3-year holding period ending on a NAV day from 4 January 2016 to 9 November 2026 (2,674 periods), annualised.
Worst fall
Worst fall: 30.6% (Jan 2020–Mar 2020), back at its high 8 months later
- High
- 17 Jan 2020
- Low
- 23 Mar 2020
- Back at the high
- 1 Dec 2020
- Now
- 1.9% below the 11 Feb 2026 high
Fall from the highest NAV to the lowest that followed, on daily direct plan NAVs since 2 January 2013.
Cost
The regular plan costs 0.58% a year more: about ₹1.47 lakh on ₹10 lakh over 10 years
₹10 lakh invested once and held 10 years, assuming 12% a year before costs (an assumption, not a forecast). Expense ratios as disclosed on 8 November 2026. Try your own numbers in the fee calculator.
Size and facts
₹86,744 crore of assets: the largest of 37 multi asset allocation funds
- Former name
- ICICI Prudential Multi-Asset Fund
- Average assets, July–September 2026
- ₹86,744 crore
- Fund house
- ICICI Prudential Mutual Fund
- Category
- Multi asset allocation
Similar funds
Other multi asset allocation funds of a similar size
- SBI Multi Asset Allocation Fund3 years 14.67% a year · expense ratio 0.67%
- Kotak Multi Asset Allocation Fund3 years 17.47% a year · expense ratio 0.65%
- DSP Multi Asset Allocation Fund3 years 18.38% a year · expense ratio 0.62%
- UTI Multi Asset Allocation Fund3 years 14.62% a year · expense ratio 0.91%
Every multi asset allocation fund compared, from the category guide.
Questions people ask
Yes. ICICI Prudential Multi-Asset Fund was renamed ICICI Prudential Multi Asset Allocation Fund; it is the same scheme, with the same NAV history and AMFI scheme code (120334). Fund houses have renamed many schemes so that the name matches the SEBI category.
₹901.8433 on 9 November 2026, as published by AMFI, up 0.34% from 6 November 2026. Fund houses publish a NAV for every business day. The regular plan and the IDCW options have NAVs of their own; the regular plan’s grows more slowly because its expense ratio is higher.
To 9 November 2026, the direct plan returned 2.87% over 1 year, 14.48% over 3 years, 14.64% over 5 years (a year, annualised beyond one year). These are AMFI NAV returns of the Direct-Growth plan; the regular plan’s are lower by roughly the difference in expense ratios. Past returns do not guarantee future returns.
Over 1 year it ranked 29th of 31, against a category average of 7.21%. Over 3 years it ranked 11th of 15, against a category average of 15.22%. Over 5 years it ranked 2nd of 8, against a category average of 13.10%. Ranks compare the direct plans of the multi asset allocation funds AMFI lists today, by return; they are not ratings.
As disclosed on 8 November 2026, the total expense ratio is 0.83% a year for the direct plan and 1.41% for the regular plan. The 0.58% gap is mostly the distributor’s commission. On ₹10 lakh held for 10 years at an assumed 12% a year before costs, the direct plan would end about ₹1.47 lakh ahead.
Its direct plan NAV fell 30.6% from its high on 17 January 2020 to 23 March 2020, and was back at that high on 1 December 2020. On 9 November 2026 it was 1.9% below its highest NAV, set on 11 February 2026.
Its average assets in July–September 2026 were ₹86,744 crore, across all plans, per AMFI: the largest of 37 multi asset allocation funds.
That depends on your goals, how long you can stay invested and what else you hold, which this page cannot know. What the data shows: its returns against other multi asset allocation funds, how far it has fallen, and what it costs. Its rank changes from year to year, so look at several periods rather than one, and at how a fall like its worst would feel for your money. This is education, not a recommendation to buy, sell or hold.
Related
This page is educational research based on AMFI data and Genvest’s own analysis. It is not a recommendation to invest in any scheme, or personalised investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not guarantee future returns. Registration granted by SEBI, enlistment with IAASB and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.