Mutual Fund: THIS multi-asset fund turns Rs 10 lakh into over Rs 7 crore in 22 years; Rs 10000 SIP into Rs 2.9 crore

Mutual Fund: THIS multi-asset fund turns Rs 10 lakh into over Rs 7 lakh crore in 22 years; Rs 10000 SIP into Rs 2.9 crore

ICICI Prudential Multi-Asset Fund, an open-ended scheme, has given an impressive 21.29% return since its inception on 31 October 2002. The fund — fund invests in equity, debt and exchange-traded commodity derivatives, units of gold and silver ETFs as well as units of REITs & InvITs — in the process has completed 22 years.

ICICI Prudential Multi-Asset Fund investment strategy

The fund’s investment strategy is aimed at investing across several asset classes and market capitalizations in an effort to produce returns over a longer period of time. It allocates at least 10% of its assets across three or more asset classes.

The fund has an expense ratio of 1.46% and commands an AUM of Rs 50,648 crore, which accounts for nearly 48.29% of the total AUM in the multi asset allocation category. Data is sourced from Value Research.

Fund turns Rs 10 lakh into Rs 7.26 crore in 22 years

ICICI Prudential Multi-Asset Fund has turned Rs 10 lakh of investor money into Rs 7.26 crore in 22 years, with a CAGR of 21.58%. A similar amount in scheme benchmark yielded Rs 3.36 crore during this period.

The scheme benchmark is Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + iCOMDEX Composite Index (3%).

Also read: Mutual Funds: Monthly SIP value hits Rs 25,000 crore mark for first time; SIP accounts 10.12 crore

ICICI Prudential Multi-Asset Fund SIP performance

In terms of SIP performance, a monthly investment of Rs 10,000 via SIP since the inception, which would amount to a total investment of Rs 26.4 lakh, would have grown to approximately Rs 2.9 crore as of September 30, 2024 i.e. a CAGR of 18.37%. A similar investment in the Scheme’s benchmark would have yielded a CAGR of 14.68%.

ICICI Prudential Multi-Asset Fund returns over 1, 3, 5 and 10 years

If we look at the fund’s performance over 1, 3, 5, 10 and 20 years, ICICI Prudential Multi-Asset Fund has yielded 27.25% return in 1 year, 18.48% in 3 years, 21.10% in 5 years, 14.33% in 10 years and 18.87% in 20 years, according to Value Research.

Speaking on the occasion of 22 years’ completion, Nimesh Shah, MD & CEO of ICICI Prudential AMC says, “ICICI Prudential Multi-Asset Fund’s journey of wealth creation is a strong testament to the power of disciplined asset allocation across diverse asset classes. This approach has benefited our investors over the long term with rewarding investment outcomes.”