ICICI Prudential Diversified Debt Strategy Active FOF
FoF Domestic · ICICI Prudential Asset Management Company Limited
Among the 470 funds in its category, most others have grown money faster than this one. ₹1 lakh invested 5 years ago would be about ₹1.4 lakh today. Investing ₹10,000 every month for the last 10 years would have put in ₹12.1 lakh and grown it to about ₹17.3 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹95,360. Its ride has historically been comparatively steady.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.ICICI Prudential Diversified Debt Strategy Active FOF is a FoF Domestic fund from ICICI Prudential Asset Management Company Limited. It has a track record of about 13.7 years. As of the latest data it carries an RS rating of 49/99 (its recent momentum versus category peers) and a King Score of 57/100 (a long-term quality composite). The current NAV is ₹49.82 (as of 2026-09-16).
Growth of ₹100 - last 5 years
ICICI Prudential Diversified Debt Strategy Active FOF returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -0.61% | -1.68% |
| 3 months | 1.35% | -0.37% |
| 6 months | 2.82% | 2.56% |
| 1 year | 5.51% | 18.46% |
| 3 years (CAGR) | 7.21% | 18.94% |
| 5 years (CAGR) | 6.43% | 13.11% |
| 10 years (CAGR) | 7.22% | 11.69% |
The last 10 years return of ICICI Prudential Diversified Debt Strategy Active FOF works out to 7.22% a year (CAGR) - ₹1 lakh invested 10 years ago would be about ₹2 lakh today. The last 5 years return is 6.43% a year (₹1 lakh → ₹1.4 lakh), and the last 3 years return is 7.21% - behind its category's 18.94% average by 11.7 points. Its trailing one-year return is 5.51%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | ICICI Prudential Diver | Benchmark |
|---|---|---|
| 2018 | +7.0% | -3.4% |
| 2019 | +9.3% | +7.7% |
| 2020 | +9.9% | +16.7% |
| 2021 | +4.5% | +30.2% |
| 2022 | +4.4% | +3.0% |
| 2023 | +7.7% | +25.8% |
| 2024 | +8.3% | +15.2% |
| 2025 | +7.8% | +6.7% |
| 2026 | +3.5% | -5.8% |
ICICI Prudential Diversified Debt Strategy Active FOF beat its benchmark in 5 of the last 9 calendar years. Consistency against the benchmark matters more than any single great year.
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in ICICI Prudential Diversified Debt Strategy Active FOF would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹409,074 | 6.63% |
| 5 years | ₹610,000 | ₹726,610 | 6.93% |
| 10 years | ₹1,210,000 | ₹1,732,549 | 6.97% |
Over 10 years, ₹1,210,000 invested in monthly instalments would have grown to about ₹1,732,549 - an XIRR of 6.97%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -4.64% | -18.66% |
| Worst drawdown (3Y) | -1.14% | -15.66% |
| Volatility (1Y) | 2.37% | 23.47% |
| Sharpe (3Y) | 0.47 | 0.59 |
| Sortino (3Y) | 0.7 | 1.3 |
| Beta (3Y) | 0.05 | 0.39 |
| Alpha (3Y) | 0.55% | 12.5% |
| Up capture | 13.0% | 61.1% |
| Down capture | -4.2% | 21.88% |
| Bull-market return | 7.6% | 31.51% |
| Bear-market return | 8.1% | -5.21% |
Timing matters more than people admit: the best possible 1-year stretch in ICICI Prudential Diversified Debt Strategy Active FOF (starting 2014-08-08) gained 14.9%, while the worst (starting 2021-06-11) still made 1.7%. The worst peak-to-bottom fall ICICI Prudential Diversified Debt Strategy Active FOF has ever put investors through is -4.64% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about 8.1% annualised, versus 7.6% in rising markets. It has captured roughly 13.0% of its benchmark's up-moves and -4.2% of its down-moves.
How ICICI Prudential Diversified Debt Strategy Active FOF behaves when markets fall
When the market is falling (the Nifty below its 200-day average), ICICI Prudential Diversified Debt Strategy Active FOF has historically returned about 8.1% annualised, versus roughly 7.6% when the market is rising. Its deepest fall on record is -4.64%. Right now it sits about 0.61% below its all-time high (last hit 2026-08-14). The real question isn't the average year - it's whether you could hold on through the worst one.
How ICICI Prudential Diversified Debt Strategy Active FOF ranks in its category
Percentile versus its ~470 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 8.08% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 5.42% |
| Median 5Y rolling CAGR | 7.26% |
| Median 10Y rolling CAGR | 8.15% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, ICICI Prudential Diversified Debt Strategy Active FOF returned a median of 8.08% a year, and 100.0% of those windows were positive.
Who manages ICICI Prudential Diversified Debt Strategy Active FOF - and how good are they?
ICICI Prudential Diversified Debt Strategy Active FOF is managed by Manish Banthia and Ritesh Lunawat. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Manish Banthia's full record
Manish Banthia currently runs 21 funds, across Aggressive Hybrid Fund, Banking and PSU Fund, Corporate Bond Fund, Credit Risk Fund and more, with about ₹308,680 Cr under management. The book's average King Score is 74.8/100. Their strongest fund by King Score is ICICI Prudential Medium Term Bond Fund (90/100); ICICI Prudential Diversified Debt Strategy Active FOF ranks #19 of 21 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | ICICI Prudential Medium Term Bond Fund | 96 | 90 | 1.9% | 4.0% | 7.6% | 8.4% | 7.3% | 7.9% | 1.44 | 8.3% | -5.1% |
| 2 | ICICI Prudential All Seasons Bond Fund | 83 | 89 | 1.3% | 2.8% | 5.6% | 7.6% | 7.0% | 8.0% | 0.6 | 9.0% | -3.6% |
| 3 | ICICI Prudential Equity & Debt Fund | 56 | 89 | -0.3% | 2.2% | -0.2% | 12.4% | 14.2% | 15.0% | 0.56 | 18.3% | -30.7% |
| 4 | ICICI Prudential Corporate Bond Fund | 92 | 88 | 1.3% | 2.9% | 5.9% | 7.4% | 6.7% | 7.4% | 0.81 | 8.0% | -2.0% |
| 5 | ICICI Prudential Banking and PSU Debt Fund | 87 | 87 | 1.2% | 2.9% | 5.7% | 7.2% | 6.6% | 7.3% | 0.62 | 8.0% | -2.9% |
| 6 | ICICI Prudential Credit Risk Fund | 88 | 86 | 2.2% | 4.4% | 8.5% | 9.1% | 8.0% | 8.4% | 2.02 | 8.8% | -2.9% |
| 7 | ICICI Prudential Gilt Fund | 81 | 85 | 1.0% | 2.3% | 4.5% | 6.9% | 6.4% | 7.5% | 0.15 | 8.5% | -12.3% |
| 8 | ICICI Prudential Short Term Fund | 97 | 83 | 1.4% | 3.1% | 6.3% | 7.8% | 7.1% | 7.8% | 1.23 | 8.4% | -3.4% |
| 9 | ICICI Prudential Business Cycle Fund | 9 | 80 | -4.1% | 0.0% | -3.8% | 13.4% | 15.0% | n/a | 0.5 | 23.7% | -14.4% |
| 10 | ICICI Prudential Balanced Advantage Fund | 87 | 79 | 0.9% | 4.5% | 3.2% | 10.6% | 10.5% | 11.2% | 0.55 | 12.8% | -27.0% |
| 11 | ICICI Prudential Money Market Fund | 84 | 79 | 1.9% | 3.5% | 6.6% | 7.4% | 6.7% | 6.7% | 1.51 | 7.4% | -1.2% |
| 12 | ICICI Prudential Ultra Short Term Fund | 87 | 76 | 1.8% | 3.5% | 6.8% | 7.4% | 6.8% | 7.2% | 1.68 | 7.8% | -7.5% |
| 13 | ICICI Prudential Passive Multi-Asset Fund of Funds | 62 | 72 | 0.6% | 4.5% | 7.1% | 12.7% | n/a | n/a | 0.86 | 15.2% | -7.2% |
| 14 | ICICI Prudential Long Term Bond Fund | 81 | 70 | 0.7% | 1.6% | 2.6% | 6.4% | 5.2% | 6.8% | -0.03 | 8.4% | -12.0% |
| 15 | ICICI Prudential Gold ETF FOF | 84 | 67 | 0.5% | -2.4% | 37.0% | 35.7% | 25.3% | 16.0% | 1.35 | 9.9% | -24.3% |
| 16 | ICICI Prudential Silver ETF FOF | 93 | 65 | -8.4% | -9.1% | 75.4% | 45.1% | n/a | n/a | 0.99 | 33.5% | -38.6% |
| 17 | ICICI Prudential Income plus Arbitrage Omni FOF | 61 | 64 | 1.5% | 3.1% | 6.3% | 8.9% | 9.6% | 9.3% | 0.98 | 9.8% | -14.0% |
| 18 | ICICI Prudential Equity Savings Fund | 64 | 58 | 1.1% | 1.8% | 2.5% | 6.7% | 7.4% | 7.9% | 0.07 | 8.8% | -19.2% |
| 19 | ICICI Prudential Diversified Debt Strategy Active FOF (this page) | 49 | 57 | 1.4% | 2.8% | 5.5% | 7.2% | 6.4% | 7.2% | 0.47 | 8.1% | -4.6% |
| 20 | ICICI Prudential Dynamic Asset Allocation Active FOF | 24 | 57 | -0.3% | 3.7% | 1.7% | 10.2% | 10.7% | 12.1% | 0.55 | 13.8% | -26.4% |
| 21 | ICICI Prudential Aggressive Hybrid Active FOF | 32 | 49 | 1.1% | 6.0% | -1.1% | 12.7% | 13.1% | 15.2% | 0.57 | 18.7% | -35.7% |
Ritesh Lunawat's full record
Ritesh Lunawat currently runs 11 funds, across Corporate Bond Fund, Equity Savings, Floater Fund, FoF Domestic and more, with about ₹100,841 Cr under management. The book's average King Score is 65.3/100. Their strongest fund by King Score is ICICI Prudential Corporate Bond Fund (88/100); ICICI Prudential Diversified Debt Strategy Active FOF ranks #8 of 11 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | ICICI Prudential Corporate Bond Fund | 92 | 88 | 1.3% | 2.9% | 5.9% | 7.4% | 6.7% | 7.4% | 0.81 | 8.0% | -2.0% |
| 2 | ICICI Prudential Floating Interest Fund | 84 | 82 | 1.5% | 3.2% | 6.8% | 7.8% | 7.0% | 7.7% | 1.49 | 8.3% | -1.8% |
| 3 | ICICI Prudential Ultra Short Term Fund | 87 | 76 | 1.8% | 3.5% | 6.8% | 7.4% | 6.8% | 7.2% | 1.68 | 7.8% | -7.5% |
| 4 | ICICI Prudential US Bluechip Equity Fund | 85 | 72 | 7.5% | 11.6% | 18.2% | 16.2% | 13.1% | 16.4% | 0.56 | 15.0% | -24.6% |
| 5 | ICICI Prudential Passive Multi-Asset Fund of Funds | 62 | 72 | 0.6% | 4.5% | 7.1% | 12.7% | n/a | n/a | 0.86 | 15.2% | -7.2% |
| 6 | ICICI Prudential Income plus Arbitrage Omni FOF | 61 | 64 | 1.5% | 3.1% | 6.3% | 8.9% | 9.6% | 9.3% | 0.98 | 9.8% | -14.0% |
| 7 | ICICI Prudential Equity Savings Fund | 64 | 58 | 1.1% | 1.8% | 2.5% | 6.7% | 7.4% | 7.9% | 0.07 | 8.8% | -19.2% |
| 8 | ICICI Prudential Diversified Debt Strategy Active FOF (this page) | 49 | 57 | 1.4% | 2.8% | 5.5% | 7.2% | 6.4% | 7.2% | 0.47 | 8.1% | -4.6% |
| 9 | ICICI Prudential Dynamic Asset Allocation Active FOF | 24 | 57 | -0.3% | 3.7% | 1.7% | 10.2% | 10.7% | 12.1% | 0.55 | 13.8% | -26.4% |
| 10 | ICICI Prudential Aggressive Hybrid Active FOF | 32 | 49 | 1.1% | 6.0% | -1.1% | 12.7% | 13.1% | 15.2% | 0.57 | 18.7% | -35.7% |
| 11 | ICICI Prudential Global Stable Equity Fund (FOF) | 63 | 43 | 6.3% | 9.4% | 18.6% | 14.1% | 11.2% | 10.7% | 0.59 | 9.4% | -26.2% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.91% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹100 |
| Fund size (AUM) | ₹105 Cr |
| Age | 13.7 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How ICICI Prudential Diversified Debt Strategy Active FOF compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| UTI Gold ETF Fund of Fund | 88 | 82 | 36.0% |
| Motilal Oswal Gold and Silver Passive Fund of Funds(Direct ) | 88 | 78 | 37.9% |
| LIC MF Gold ETF Fund of Fund | 74 | 78 | 35.5% |
| Edelweiss Gold and Silver ETF FOF | 88 | 77 | 40.5% |
| Nippon India Multi - Asset Omni FoF | 63 | 76 | 15.7% |
| Axis Silver Fund of Fund | 94 | 73 | 45.3% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
ICICI Prudential Diversified Debt Strategy Active FOF review: the bottom line
Related
Frequently asked questions
Is ICICI Prudential Diversified Debt Strategy Active FOF a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, ICICI Prudential Diversified Debt Strategy Active FOF scores 57/100 on our King Score and RS 49/99 within its category, has compounded 7.21% a year over three years, and its worst drawdown was -4.64%. Compare those against your needs and the peer table above.
What is the NAV of ICICI Prudential Diversified Debt Strategy Active FOF today?
The latest NAV is ₹49.82 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the last 10 years return of ICICI Prudential Diversified Debt Strategy Active FOF?
Over the last 10 years ICICI Prudential Diversified Debt Strategy Active FOF has returned about 7.22% a year (CAGR). In rupees: ₹1 lakh invested 10 years ago would be roughly ₹2 lakh today, before tax. See the year-by-year table above for how uneven the ride was.
What is the expense ratio of ICICI Prudential Diversified Debt Strategy Active FOF?
The Direct-plan expense ratio is 0.91% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of ICICI Prudential Diversified Debt Strategy Active FOF?
ICICI Prudential Diversified Debt Strategy Active FOF is managed by Manish Banthia; Ritesh Lunawat.
Is ICICI Prudential Diversified Debt Strategy Active FOF safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -4.64% - ₹1 lakh briefly becoming about ₹95,360. As a index & fof, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is ICICI Prudential Diversified Debt Strategy Active FOF good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 10 years grew ₹12.1 lakh into about ₹17.3 lakh (XIRR 6.97%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of ICICI Prudential Diversified Debt Strategy Active FOF?
A ₹10,000/month SIP over 10 years would have grown to about ₹1,732,549 (an XIRR of 6.97%) on ₹1,210,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does ICICI Prudential Diversified Debt Strategy Active FOF rank among similar funds?
On 3-year returns it sits around the 24th percentile of its category, and its consistency ranks 82th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is ICICI Prudential Diversified Debt Strategy Active FOF tax-efficient / what about capital gains?
As a index & fof, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See ICICI Prudential Diversified Debt Strategy Active FOF live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.