ICICI Prudential Multi-Asset Fund - Direct Plan - IDCW

ICICI Prudential Multi-Asset Fund - Direct Plan - IDCW holds up reasonably well within the Multi Asset Allocation category, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 71/100.

Cost: At 0.15%, the expense ratio is meaningfully cheaper — about 77% below the Multi Asset Allocation category average of 0.65% (based on 191 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.17 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 9.78% is on the lower side, suggesting a comparatively smoother ride.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Hybrid fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.