ICICI Prudential Launches 2 New Funds: Balanced Hybrid & Multi-Asset FOF

THE PIP (TL;DR) Your investment options are expanding with two new fund offerings from ICICI Prudential Mutual Fund, providing fresh avenues for diversification. ICICI Prudential has introduced the Balanced Hybrid Fund and the Multi-Asset Active Fund of Funds (FOF), with their New Fund Offers (NFOs) open from June 30, 2026, until July 14, 2026. This means you have new balanced and multi-asset options to consider, potentially aligning with your long-term financial goals and risk appetite.

ICICI Prudential Mutual Fund has rolled out two new investment schemes, with their New Fund Offers (NFOs) open for subscription from June 30, 2026, until July 14, 2026. The first is the ICICI Prudential Balanced Hybrid Fund, an open-ended scheme designed to invest in both equity and debt instruments. The second is the ICICI Prudential Multi-Asset Active Fund of Funds (FOF), an open-ended scheme aiming to allocate capital across active equity-oriented schemes, debt-oriented schemes, and Gold/Silver Exchange Traded Funds (ETFs).

These new funds offer different diversification strategies. A Balanced Hybrid Fund combines stocks (equities) and bonds (debt) to balance growth potential with stability, suitable for those with a moderate risk tolerance. The Multi-Asset Active FOF simplifies investing across multiple asset classes—equities, debt, and precious metals—within a single fund, which can be appealing for broad market exposure.

Understanding the costs associated with these NFOs is key. Both schemes feature no entry load, meaning you won’t incur a fee when you initially invest. However, an exit load of 1% of the applicable Net Asset Value (NAV) will be charged if you redeem or switch out more than 30% of your units within one year from the date of allotment. This detail is crucial for planning your investment horizon effectively.

In other developments, JM Financial Asset Management has announced a change in its key personnel. Bhavin Hemani, who served as an Equity Dealer, resigned from the AMC’s services effective June 25, 2026. Consequently, Mr. Hemani is no longer considered a Key Personnel of the Asset Management Company.

New fund launches continually expand the universe of investment choices, allowing you to fine-tune your portfolio to better match your evolving financial goals. Taking the time to understand each fund’s strategy and fee structure helps ensure your investment decisions are aligned with your personal financial journey.

ONE THING TO CONSIDER TODAY
Consider reviewing your current portfolio allocation to see if new balanced or multi-asset funds could enhance your diversification strategy.