According to ICICI Prudential MF, in only 21 years, its multi-asset fund increased from Rs 10 lakh to Rs 5.5 crore

 According to ICICI Prudential MF, in only 21 years, its multi-asset fund increased from Rs 10 lakh to Rs 5.5 crore

According to a statement by ICICI Prudential Mutual Fund, an investor who invested Rs 10 lakh at the time of commencement would now be sitting on about Rs 5.5 crore as of September 30, suggesting a Compound Annual Growth Rate (CAGR) of 21%.

Since its launch in October 2002, the multi-asset fund of ICICI Prudential Mutual Fund has generated an annualized return of 21% for investors, the firm said on November 3. According to a statement by ICICI Prudential Mutual Fund, an investor who invested Rs 10 lakh at the time of commencement would now be sitting on about Rs 5.5 crore as of September 30, suggesting a Compound Annual Growth Rate (CAGR) of 21%.

According to the performance of the Systematic Investment Plan (SIP), an investment made through the route on a monthly basis of Rs 10,000 since the plan's inception on October 31, 2002, would have grown to Rs 2.1 crore as of September 30 this year, representing an annualized return of 17.5%. The total investment would have been Rs 25.2 lakh. With an Asset Under Management (AUM) of Rs 24,061 crore, the ICICI Prudential Multi-Asset Fund, which just completed 21 years, accounts for roughly 57% of the overall AUM in the multi-asset allocation category.

The fund is an open-ended scheme that invests in preference shares, exchange-traded commodities contracts, units of gold exchange-traded funds (ETFs), units of REITs and InvITs, and debt. In a related statement, HDFC Mutual Fund stated that during the course of its 27-year existence, the HDFC Top 100 Fund has generated an annualized return of 19%.

An open-ended equity fund that primarily invests in large-cap equities is called HDFC Top 100 Fund. By September 29 of current year, a SIP of Rs 10,000 that was first placed in the fund at its founding—a total of Rs 32.40 lakh—would have increased to Rs 6.88 crore.