ICICI Prudential Income Plus Arbitrage Active FoF Direct- Growth

Previously called: ICICI Prudential Income Optimizer Fund (FOF) Dir-G

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹68.391+0.04% 1 day change	9.76% p.a.	App exclusive #NA View Ranked Funds	₹1,820 Cr

Historical NAV & returns

NAV: ₹68.391 as on Oct 20, 2025

This fund Category average

ICICI Prudential Income Plus Arbitrage Active FoF overview

Expense ratio	0.03% as on Sep 30, 2025
Exit load	1.0% Exit load of 1% if redeemed within 12 months.!
AUM (Fund size)	₹1,820 Cr
Lock-in Period	Nil
Age	12 yrs 9 m since Jan 01, 2013
Benchmark	NA
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

ICICI Prudential Income Plus Arbitrage Active FoF Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Oct 25, 2025

Period	This fund	Category average
1 Month	0.68%	0.67%
3 Months	1.49%	1.29%
6 Months	3.34%	3.01%
1 Year	6.56%	6.57%
2 Years	11.26%	10.39%
3 Years	12.08%	10.24%
4 Years	10.47%	7.95%
5 Years	11.53%	9.16%
7 Years	10.49%	9.6%
10 Years	9.39%	8.73%

Asset allocationas on Sep 30, 2025

Large Cap -0.15%

Mid Cap -0.04%

Small Cap -0.01%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 31.962645%

Cash 31.23032%

SOV 26.265892%

A1+ 7.213571%

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Mutual Fund 99.10027170000001%

Repo 1.50635527%

Other Holdings

ICICI Prudential Corporate Bond Fund Direct Plan -Growth 44.66%

ICICI Prudential Equity Arbitrage Direct-Growth 39.36%

ICICI Prudential Gilt Fund Direct Plan-Growth 15.08%

Others 1.51%

Detailed portfolio analysis

Key risk & return ratios Compared to other funds in the category

Alpha	N.A.
Sharpe	1.72 vs. 1.5 Better risk-adjusted return
Beta	N.A.
Standard deviation	3.15 vs. 1.32 More volatile performance

Compare ICICI Prudential Income Plus Arbitrage Active FoF in detail with

About this fund

About ICICI Prudential Income Plus Arbitrage Active FoF

ICICI Prudential Income Plus Arbitrage Active FoF Direct- Growth is a Tax Efficient Income mutual fund scheme from Icici Prudential Mutual Fund. This fund has been in existence for 12 yrs 9 m, having been launched on 01/01/2013. ICICI Prudential Income Plus Arbitrage Active FoF Direct- Growth has ₹1,820 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of ICICI Prudential Income Plus Arbitrage Active FoF Direct- Growth as of 20/10/2025 is ₹68.39. The fund has an expense ratio of 0.03%, which is close to what most other Tax Efficient Income funds charge.

ICICI Prudential Income Plus Arbitrage Active FoF Direct- Growth returns of last 1-year are 6.15%. Since launch, it has delivered 9.78% average annual returns. The fund has doubled the money invested in it every 6 yrs.
The fund's credit profile is moderate indicating it has lent to borrowers whose quality is good. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in ICICI Prudential Corporate Bond Fund Direct Plan -Growth, ICICI Prudential Equity Arbitrage Direct-Growth, ICICI Prudential Gilt Fund Direct Plan-Growth.

...

Fund AUM	1,820 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Manish Banthia

Mr. Banthia is B.Com, CA and MBA He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.

Dharmesh Kakkad

Mr. kakkad is B.com., CA & CFA. He is associated with ICICI Prudential Asset Management Company Limited from June 2010. Prior to working in Dealing function, he was working in the Operations Department of ICICI Prudential AMC.

Ritesh Lunawat

Mr. Lunawat is B.Com and Chartered Accountant. He has been Working with ICICI Prudential AMC Since September 2013.

Sharmila D'mello

Ms. D'mello is CA and BAF She joined ICICI Prudential AMC Limited in September 2016.

Masoomi Jhurmarvala

CA, M.Com, B.Com She is assocated with ICICI Pru Asset Management Company form 2016.

Investment objective

The scheme seeks to invest in Debt oriented schemes and Arbitrage schemes in order to generate regular income.

ICICI Prudential Mutual Fund details

No. of schemes	103 view all schemes
Total AUM	10,60,747 Cr as on Sep 30, 2025
Address	One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai, 400051

More funds from ICICI Prudential Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
ICICI Prudential Credit Risk Fund	N.A.	5,994 Cr	9.87%	9.14%
ICICI Prudential Nifty G-Sec Dec 2030 Index Fund	N.A.	903 Cr	8.88%	8.8%
ICICI Prudential Medium Term Bond Fund	N.A.	5,734 Cr	9.8%	8.77%
ICICI Prudential Constant Maturity Gilt Fund	N.A.	2,585 Cr	8.48%	8.76%
ICICI Prudential All Seasons Bond Fund	N.A.	14,948 Cr	8.75%	8.69%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of ICICI Prudential Income Plus Arbitrage Active FoF Direct- Growth?

The current Net Asset Value (NAV) of the ICICI Prudential Income Plus Arbitrage Active FoF - Direct Growth plan is approximately ₹68.391 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The ICICI Prudential Income Plus Arbitrage Active FoF Direct- Growth is a 12 yrs 9 m old fund and has delivered average annual returns of 9.76% since inception.

ICICI Prudential Income Plus Arbitrage Active FoF Direct- Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.56%	12.08%	11.53%	9.39%	9.76%

How much does this mutual fund charge as expense ratio?

The ICICI Prudential Income Plus Arbitrage Active FoF - Direct Growth has an expense ratio of 0.03%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The ICICI Prudential Income Plus Arbitrage Active FoF currently has assets under management (AUM) or fund size valued at approximately 1,820 Cr as on Sep 30, 2025.

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The ICICI Prudential Income Plus Arbitrage Active FoF allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	31.962645%
Cash	31.23032%
SOV	26.265892%

What is risk level of ICICI Prudential Income Plus Arbitrage Active FoF?

This is a Tax Efficient Income fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in ICICI Prudential Income Plus Arbitrage Active FoF Direct- Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for ICICI Prudential Income Plus Arbitrage Active FoF - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the ICICI Prudential Income Plus Arbitrage Active FoF is complete.

How can I redeem my investments in ICICI Prudential Income Plus Arbitrage Active FoF?

Redeeming your investments in the ICICI Prudential Income Plus Arbitrage Active FoF is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Tax Efficient Income

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Return Outperformance: This fund has generated highest return amongst Tax Efficient Income funds in the last 5 Years.
Chance: This fund has generated a 8.54% annual return in 70% of times for investors holding for at least 5 years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Age: This is the oldest Tax Efficient Income fund.
Expense Ratio: This fund has the lowest expense ratio amongst actively/passively managed Tax Efficient Income funds.
Exit Load: Exit load of 1% if redeemed within 12 months.