ICICI Prudential Multi-Asset Fund – Direct Scheme – Growth
It is a multi-asset allocation mutual fund. The fund is ideal for building long-term wealth. The launch date of the fund is January 1, 2013 by the fund house ICICI Prudential Mutual Fund. It is an open plan. The fund has approximately Rs 13,315 crore in assets under management as of April 30, 2022.
The NAV (Net Asset Value) as of June 3 is 463.88. It can be classified as a medium-sized fund in its category. As of April 30, 2022, the has an expense ratio of 1.17%. which is apparently more than many multi-asset allocation funds charge. It has been rated 4 stars by mutual fund rating agency CRISIL.
The fund’s performance rating is average. The fund has a turnover of 48%.
The fund seeks to provide capital appreciation for investors by investing primarily in equity and equity-related instruments and income by investing in other asset classes.
The lock-up period does not apply to this fund. The fund’s benchmark includes NIFTY200 TRI (65), Nifty Composite Debt Index (25) and London Gold (10). The fund outperformed the benchmark.
In this fund, to start investing, the minimum amount required is Rs 5000 while a minimum investment for SIP starts with Rs 100.
Regarding exit fees, for units representing more than 30% of the investment, investors will have to pay a 1% redemption fee within 365 days.
Absolute and annualized return
Over a one-year period, the fund offered an absolute return of 19.96%. It is worth mentioning that on average, it generated average annualized returns of 15.69%.
| Mandate | Absolute return | Annualized return |
|---|---|---|
| 1 year | 19.96% | 19.96% |
| 2 years | 77.34% | 33.17% |
| 3 years | 61.89% | 17.40% |
| 5 years | 91.39% | 13.85% |
| Since the creation | 296% | 15.73% |
SIP Returns
| Mandate | Absolute returns | Annualized returns |
|---|---|---|
| 1 year | 6.94% | 13.11% |
| 2 years | 29.33% | 26.91% |
| 3 years | 42.97% | 24.64% |
| 5 years | 55.98% | 17.82% |
Wallet
Importantly, the fund is 67% invested in domestic stocks, with 55.8% in large-cap stocks, 4.2% in mid-cap stocks and 3.25% in small-cap stocks. capitalization. ICICI Prudential Multi-Asset Fund – Direct Plan – Growth has an 11.9% investment in debt, including 8.03% in government securities and 3.16% in low-risk securities.
Disclaimer
Investments in mutual funds are subject to market risk. Read all program documents and terms and conditions carefully before investing. The information mentioned above is purely informative and does not guarantee any return. Greynium Information Technology and the author are not responsible for any losses caused as a result of any decision based on the article.
