current time The period of ups and downs in the stock market continues. However, despite this, record investments are being made in mutual funds through SIPs. SIP’s investment figure in October was Rs 25,323 crore. This means that investors are not afraid of the current market decline. They know that investing in mutual funds will generate excellent returns in the long term. Today we are telling you about one such mutual fund that has provided excellent returns to long-term investors. We are talking about ICICI Prudential Multi Asset Fund. The investment of Rs 10 lakh in this fund 22 years ago has increased to Rs 7.26 crore today. According to the data, during the same period, the same amount in its benchmark i.e. Nifty 200 TRI was just 3.36 crore.
Asset under management of the fund Rs 59,495 crore
The asset under management i.e. AUM of ICICI Prudential Multi Asset Fund has been Rs 59,495 crore. That means around 48 per cent of the AUM of the total multi-asset allocation in the industry is in this fund house. This means that investors have a lot of faith in this plan. Data shows that on October 31, 2002, it was invested in ICICI Prudential Multi Asset Fund. An investment of Rs 10 lakh has generated returns at a rate of 21.58 per cent compounded annually till September 30 this year. The return on the same investment in the benchmark model Nifty 200 TRI has been only 17.39 per cent. ICICI Prudential Multi-Asset Fund invests in equity, debt and exchange-traded commodity derivatives/Gold ETF units/Silver ETF units, REITs and InvITs. Invest at least 10% of your assets in three or more asset classes.
SIP Investors Also Earned Excellent Returns
As far as investing through SIP is concerned, a monthly investment of Rs 10,000 in this fund has increased to Rs 2.9 crore in 22 years. While the actual investment has been only Rs 26.4 lakh. That means returns have been received at a CAGR of 18.37 percent. In the benchmark scheme of the scheme, this same investment has given returns at the rate of 14.68 per cent per annum. Nimesh Shah, MD & CEO, ICICI Prudential AMC, says, “Our fund’s wealth creation process is a strong testament to the power of disciplined asset allocation across different asset classes. This approach has benefited our investors with profitable long-term investment results. At ICICI Prudential Mutual Fund, we rely on the expertise of a dedicated team comprising equity, debt and commodity fund managers.
Latest business news
