ICICI Prudential Mutual Fund has launched ICICI Prudential Passive Multi-Asset Fund of Funds. The offering aims to provide returns that closely correspond to the total return of the benchmark CRISIL Hybrid 50+50- Moderate Index (80% weightage) + S&P Global 1200 Index (15% weightage) + Domestic Gold Price (5% weightage) subject to tracking errors. S Naren, ED & CIO, ICICI Prudential Mutual Fund believes over the last decade easy liquidity conditions and rate cuts by global central banks created a conducive environment for equity markets to perform.