Mutual funds have become quite famous among investors today. Today everyone wants to invest in mutual funds and create a fat fund. So today in this article we are telling you about one such mutual fund scheme, which has given excellent returns to investors in the long run. We are talking about the ICICI Prudential Multi-Asset Fund.
ICICI Prudential Multi Asset Fund
The fund, which invested Rs 10 lakh 22 years ago, has grown to Rs 7.26 crore today. According to the data, the same amount was only Rs 3.36 crore in its benchmark, i.e., Nifty 200 TRI, in the same period.
Asset under management of the fund is Rs 59,495 crore
ICICI Prudential Multi Asset Fund has an asset under management (AUM) of Rs 59,495 crore. That is, about 48% of the AUM of the total multi-asset allocation in the industry is with this fund house. This means that investors have trusted this scheme fiercely. Statistics show that on October 31, 2002, ICICI Prudential Multi Asset Fund was done. An investment of Rs 10 lakh has given a compounded annual return of 21.58 percent till September 30 this year. The same investment return in the benchmark Nifty 200 TRI has been only 17.39 percent.
SIP investors also got great returns
As far as investment through SIP is concerned, a monthly investment of Rs 10,000 in this fund has grown to Rs 2.9 crore in 22 years. While the actual investment has been only Rs 26.4 lakh. That is, the CAGR has been returned at the rate of 18.37 percent. This investment has given returns at the rate of 14.68 percent per annum in the benchmark of the scheme. Nimesh Shah, MD & CEO, ICICI Prudential AMC, says, “Our fund’s journey of wealth creation is a strong testament to the power of disciplined asset allocation across different asset classes. This approach has benefited our investors from beneficial investment outcomes in the long term. At ICICI Prudential Mutual Fund, we rely on the expertise of a dedicated team comprising fund managers across equity, debt, and commodities.
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