Here's how ICICI Prudential Multi-Asset Fund turned Rs 10 lakh into Rs 7.26 crore since inception

A look at how ICICI Prudential Multi-Asset Fund delivered exceptional returns through diversified investments and disciplined asset allocation.

ICICI Prudential Multi-Asset Fund, one of India’s largest multi-asset allocation funds, has delivered exceptional returns over its 22-year journey. Since its inception on October 31, 2002, a Rs. 10 lakh investment has appreciated to approximately Rs. 7.26 crore, reflecting a robust CAGR of 21.58 per cent. In comparison, an equivalent investment in the scheme's benchmark would have grown to about Rs. 3.36 crore, achieving a 17.39 per cent CAGR.

The fund’s benchmark comprises a diversified blend of Nifty 200 TRI, Nifty Composite Debt Index, domestic prices of gold and silver, and the iCOMDEX Composite Index. This diversified mix has contributed to the fund's resilience and ability to capture growth opportunities across asset classes.

Performance highlights ICICI Prudential Multi-Asset Fund

• Lump-Sum Investment Growth: An investment of Rs. 10 lakh at inception has grown to Rs. 7.26 crore by September 30, 2024, significantly outperforming the benchmark.
• SIP Performance: A monthly SIP of Rs. 10,000 since inception (totalling Rs. 26.4 lakh) would be worth approximately Rs. 2.9 crore today, indicating a CAGR of 18.37 per cent, versus a 14.68 per cent CAGR in the benchmark.
• Market Position: With a closing AUM of Rs. 50,495.58 crore, ICICI Prudential Multi-Asset Fund accounts for nearly 48.29 per cent of the AUM in India’s multi-asset allocation category, demonstrating significant investor trust.

Management comments
Nimesh Shah, MD and CEO of ICICI Prudential AMC expressed pride in the fund's long-term performance, emphasising the power of asset allocation. “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," he said, adding that the expertise across equity, debt, and commodities teams has contributed significantly to informed allocation decisions and value creation for investors.

Should You Invest?
For investors with long-term goals, such as retirement or wealth building, ICICI Prudential Multi-Asset Fund offers a well-rounded strategy through its diversified asset allocation model. By investing in equities, debt, and commodities, the fund mitigates market volatility while offering the potential for steady returns across varying market conditions. Moreover, its minimum 10 per cent allocation across three or more asset classes further enhances its appeal to those seeking a balanced yet growth-oriented investment option.

With its strong historical performance, diversified portfolio, and expert management, ICICI Prudential Multi-Asset Fund is worth considering for those looking to harness multi-asset strategies for sustained wealth creation.

Disclaimer: The article is for informational purposes only and not investment advice.