NFO review: ICICI Prudential Passive Multi-Asset FoF

ICICI Prudential Mutual Fund has launched a new fund of funds in the multi-asset space. The fund will invest in index funds and ETFs across the various asset classes of the fund house or of any other fund company. The scheme opened up for a subscription on December 27, 2021, and will close on January 10, 2022. About the strategy The fund will invest across the various asset classes such as domestic and global equity, debt and gold through index funds and ETFs. Domestic equity is looked upon to generate capital appreciation through India growth story. The debt asset class aims to generate s