2 weeks Ago By Avijit Ghosal
ICICI Prudential Multi-Asset Fund: With the price of equities declining and that of gold and silver rising, some experts think that multi-asset funds are coming into focus. ICICI Prudential Multi-Asset Fund is one of the earliest funds in its category. Its NAV stood at Rs 696.
08 on November 12, 2024. It was launched on October 31, 2002 and has grown to Rs 50,648.49 crore.
It has an expense ratio of 1.46%, while the category average is 1.85%.
The ICICI Prudential Multi-Asset Fund ranks “very high” on the risk-o-meter. With equities on a correction mode, and gold and silver prices rising, multi-asset funds becoming important. This fund has deployed 48.
82% money in equities, 14.83% in debt, 12.02% in commodities, 1.
01% in real estate and 23.32% are lying as cash and cash equivalent. ICICI Pru Multi-Asset Fund has a low beta of 0.
57% indicating low volatility and an alpha of 9.04% which roughly indicates superior returns. SIP Returns of ICICI Prudential Multi-Asset Fund If someone invested Rs 1,000 in ICICI Prudential Multi-Asset Fund 1 year ago, he/she would have generated a value of Rs 12,989.
3. If the same amount of money was invested 2 years ago, it would have fetched a total return of Rs 29,657 and if invested 3 years ago, the total value of the SIP would have reached Rs 48,992. If someone had invested Rs 1,000 5 years ago, the SIP would have been valued at Rs 1,06,146 and if done 10 years ago, the total value would have been Rs 2,98,211.
ICICI Prudential Multi-Asset Fund lump sum returns If an investor would have put Rs 10,000 in ICICI Prudential Multi-Asset Fund 1 year ago, it would have turned into Rs 12,581, while if the same amount was invested 2 years ago, it would have generated a value of Rs 14,753. A lump sum of Rs 10,000 would have fetched a value of Rs 16,325 in 3 years, while over 5 years, it would have turned into Rs 25,721 and over 10 years, it would have become Rs 37,721. And if someone has the brilliant idea of investing Rs 10,000 in this fund on October 31, 2022, it would have become Rs 6,96,081.
Top stocks where ICICI Pru Multi-Asset Fund invested Among the top stocks where ICICI Pru Multi-Asset Fund has invested its money are Maruti Suzuki, HDFC Bank, ICICI Bank, NTPC, Infosys, Reliance Industries, SBI Cards, Bajaj Finserv, L&T, ONGC, Axis Bank, Interglobe Aviation, Eicher Motors, Sun Pharmaceuticals, SBI, ITC, Bharti Airtel etc. The sectors where ICICI Pru Multi-Asset Fund has invested are financials (17.99%), Energy & utilities (7.
03%), consumer discretionary (5.70%). Click for more latest Personal Finance news .
Also get top headlines and latest news from India and around the world at News9. Avijit Ghosal has been writing on topics of business, industry and investment for the past three decades. He also writes on the broad economy, infrastructure and issues in banking.
He has worked for economic dailies such as the Business Standard, The Economic Times, business magazines such as Business Today, English broadsheet the Hindustan Times and Bengali daily Anandabazar Patrika before joining TV9 Network. Latest News.
