ICICI Prudential Multicap Fund: Are you looking for an investment option that has stood the test of time, ICICI Prudential Multicap Fund could be perfect for you.
It is one of the oldest mutual fund schemes in the country, which has given impressive returns to investors.
ICICI Prudential Multicap Fund: A performance story
This mutual fund scheme was launched on October 1, 1994, and has been giving an annual return of 15.75% since then.
If you had invested ₹3.10 lakh at the time of launch, your money would have grown to ₹2.50 crore till date.
Great returns from SIP
If you had done a regular SIP (Systematic Investment Plan) in this scheme, you would have benefited even more.
29 years of SIP has given an annual return of 18.45%. If you had made a lump sum investment of ₹10,000 in the beginning and a SIP of ₹3,000 every month, your money would have grown to about ₹3 crores by today.
Returns on 5 and 10 years of investment
If you had made a lump sum investment for 5 years, you would have got an annual return of 24% i.e. a total return of 194%. At the same time, a 5-year SIP would have given an annual return of 29.32%.
A lump sum investment for 10 years would have given an annual return of 16.37%, while a 10-year SIP would have given an annual return of 19.14%.
About ICICI Prudential Multicap Fund
Launch date: 1 October 1994
Returns since launch: 15.75% per annum
Minimum lump sum investment: ₹5,000
Minimum SIP: ₹100
Benchmark: Nifty 500 Multicap 50:25:25 TRI
Total assets: ₹13,921 crore (31 July 2024)
Expense ratio: 1.76% (30 June 2024)
Best period
The best period for the scheme was between 23 March 2020 to 23 March 2021, when it gave a return of 92.50% in 1 year. The worst period was between 22 March 2019 to 22 March 2020, when it gave a negative return of -35.25% in 1 year.
Many great stocks in the portfolio
ICICI Prudential Multicap Fund’s portfolio includes many great stocks, including ICICI Bank, HDFC Bank, Reliance Ind, Sun Pharmaceutical, Infosys, Syngene International, NTPC, L&T, Cummins India, Axis Bank and Bharti Airtel.
ICICI Prudential Multicap Fund is a landmark investment option that can benefit investors in the long run.
If you are looking for a safe and profitable investment option, this can be an excellent choice for you.