The scheme benchmark is against Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + iCOMDEX Composite Index (3%).
Launched in October 2002, the scheme offered 22.47% CAGR in the last five years. In the last three and one-year periods, the scheme offered 21.19% and 32.09% CAGR respectively.
“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. This approach has benefited our investors over the long term with rewarding investment outcomes,” said Nimesh Shah, MD & CEO of ICICI Prudential AMC.
He added, “At ICICI Prudential Mutual Fund, we rely on the expertise of a dedicated team comprising of fund managers across equities, debt, and commodities. This collaborative approach enables us to make well-informed allocation decisions, allowing the scheme to leverage our asset class expertise to deliver value to our investors.”
A lump sum investment of Rs 10 lakh at the time of inception would be approximately worth Rs. approximately 7.26 crore with a CAGR of 21.58% as of September 30, 2024. A similar investment in scheme benchmark – Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + iCOMDEX Composite Index (3%) – would have yielded approximately Rs 3.36 crore with a CAGR of 17.39%.In terms of SIP performance, a monthly investment of Rs 10,000 via SIP since its inception would have grown to approximately Rs 2.9 crore as of September 30, 2024, with a CAGR of 18.37%. A similar investment in the scheme’s benchmark would have yielded a CAGR of 14.68%.The scheme had an asset under management (AUM) of Rs 50,495.58 crore which accounts for nearly 48.29% of the total AUM in the multi asset allocation category. This indicates significant investor trust of investors in the scheme, according to a press release by the fund house. Data as of September 30, 2024. (Source: Value Research).
“Over the past decade and beyond, the performance of various asset classes has demonstrated that the top performer often shifts from year to year. In this dynamic environment, spreading one’s investments across different asset classes is an effective way to capitalize on the unique opportunities each offers. This diversified approach helps ensure that the portfolio can benefit from the potential gains of each asset class, regardless of market conditions,” said S Naren, ED & CIO, ICICI Prudential AMC.
“By adopting this strategy, investors can achieve a more favorable risk-adjusted return across market cycles. Moreover, diversifying a portfolio across multiple asset classes also plays a crucial role in managing volatility, helping to smooth out the fluctuations that can occur in individual markets,” he added.
