This week too, sellers are seen dominating the stock market. The market witnessed fluctuations and at the end of trading, the market closed flat. The market is in a state of fluctuation, but if you invest in mutual funds instead of investing directly in shares, that too for a long time, then it can give you many times more profit than other assets or benchmarks.
Made 10 lakhs in 22 years
Let us look at ICICI Prudential Multi Asset Fund, one of the largest multi asset allocation funds in the country. An investor who would have invested Rs 10 lakh in this fund 22 years ago would have earned Rs 7.26 crore today. During the same period, the same amount has become only Rs 3.36 crore in its benchmark i.e. Nifty 200 TRI. An investment of Rs 10 lakh made in ICICI Prudential Multi Asset Fund on October 31, 2002 has given a return of 21.58 percent compounded annually till this year. The return on the same investment in the benchmark Nifty 200 TRI has been only 17.39 percent.
How much return from SIP
An investor who has invested Rs 10,000 every month in this fund through SIP would have earned Rs 2.9 crore in 22 years. During this period, the actual investment was only Rs 26.4 lakh. That means the return has been at the rate of CAGR 18.37 percent. In the benchmark of the scheme, the same investment has given a return of 14.68 percent annually.
What is its AUM
The asset under management (AUM) of ICICI Prudential Multi Asset Fund is Rs 59,495 crore. This means that this fund house has about 48 percent of the total AUM of multi asset allocation in the industry. This means that investors have great trust in this scheme. Nimesh Shah, MD and CEO of ICICI Prudential AMC, says that the wealth creation journey of his fund is a strong proof of the power of disciplined asset allocation across different asset classes.
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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 from equity, debt and commodities.
where is the investment made
ICICI Prudential Multi-Asset Fund invests in equity, debt and exchange traded commodity derivatives/ units of gold ETFs/ silver ETF units REITs and InvITs. It invests at least 10% of its assets in three or more asset classes. By adopting this strategy, the investor can achieve more favorable risk-adjusted returns across market cycles.