ICICI Prudential Mutual Fund reclassifies its thematic advantage FoF as aggressive hybrid active FoF

ICICI Prudential Mutual Fund has announced that ICICI Prudential Thematic Advantage Fund (FOF) will be reclassified as ICICI Prudential Aggressive Hybrid Active FOF with effect from April 1, 2026.

According to the fund house, the fund will now be classified as Hybrid FOF (Domestic) –
Aggressive Hybrid FOF.


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The fund house said that On February 06, 2025, SEBI via AMFI introduced “Framework for launching Fund of Fund (FOF) schemes with multiple underlying funds (the Framework)” which required to re-align all the existing Fund of Fund schemes within provisions of the ‘Framework’.

So, to comply with this ‘Framework’, the scheme is being repositioned in a way that it gets the best of both the sector rotation as well as theme rotation.

The revised asset allocation of the fund will be 95-100% in units of active mutual fund schemes, 65-80% in active equity oriented schemes, 20-35% in active debt oriented schemes, and 0-5% in Money Market Instruments (with maturity not exceeding 91 days), including Tri-Party Repo.

The performance of the fund will now be benchmarked against AMFI Tier 1 - CRISIL Hybrid 35+65 Aggressive Index.

The fund house further informed that this small change doesn’t steal away the shine of the scheme, rather enhances its ability to deal with market cycles. The fund will continue to seamlessly transition between sectors and themes with its major chunk i.e. 80% of the equity exposure alongside incorporating some stability with its debt exposure.

The scheme retains its flexibility to take aggressive and defensive themes based on its stance on markets and with the reclassification, the scheme can now take tactical exposure to small and midcap schemes as well, the fund house said.

The new investment strategy is crafted to improve the investor experience by focusing on long-term wealth creation while ensuring a more stable portfolio performance during periods of market volatility.

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ICICI Prudential Thematic Advantage Fund (FOF) is an open ended fund of funds scheme investing predominantly in Sectoral/Thematic schemes. The scheme is suitable for investors who are seeking long term wealth creation and want an open ended fund of funds scheme investing predominantly in Sectoral/Thematic equity oriented schemes.

Pursuant to the aforesaid changes in the Scheme, the unitholders holding units under the Scheme as on March 18, 2026, have an option to redeem their units, without any exit load from March 19, 2026, till March 31, 2026 up to 3.00 p.m. subject to the applicable provisions of cut-off time as stated in the Scheme Information Document of the Scheme.

As of February 27, 2026 the fund had an AUM of Rs 8,854 crore (Source: ACE MF)

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