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 SIP. SIP investment figure in October stood at Rs 25,323 crore. This means that investors are not afraid of the ongoing decline in the market. They know that investing in mutual funds will give bumper returns in the long run. Today 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 ICICI Prudential Multi Asset Fund. The investment of Rs 10 lakh in this fund 22 years ago has grown 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 only Rs 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, about 48 percent of the AUM of total multi asset allocation in the industry is with this fund house. This means that investors have great faith in this scheme. Data shows that on October 31, 2002, it was invested in ICICI Prudential Multi Asset Fund. An investment of Rs 10 lakh has given returns at the rate of 21.58 percent compounded annually till September 30 this year. The return of the same investment in the benchmark Nifty 200 TRI has been only 17.39 percent. ICICI Prudential Multi-Asset Fund invests in equity, debt and exchange traded commodity derivatives/units of gold ETFs/units of silver ETFs REITs and InvITs. It invests at least 10% of its assets in three or more asset classes.
SIP investors also got excellent 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. Whereas the actual investment has been only Rs 26.4 lakh. That means returns have been received at the rate of CAGR 18.37 percent. In the benchmark scheme of the scheme, this same investment has given returns at the rate of 14.68 percent per annum. The wealth creation journey of our fund is a strong testament to the power of disciplined asset allocation across different asset classes, says Nimesh Shah, MD & CEO, ICICI Prudential AMC. This approach has benefited our investors with profitable investment results over the long term. At ICICI Prudential Mutual Fund, we rely on the expertise of a dedicated team comprising fund managers across equity, debt and commodity.
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