Before investing in a mutual fund scheme, investors are expected to weigh several pros and cons, and rightly so! They tend to consider a number of factors, such as the category of the scheme, the reputation of the fund house, macroeconomic condition, and the historical performance of the scheme, among other factors.
Here, we give a lowdown on the ICICI Multi-Asset Prudential Fund, which has completed 21 years of its existence. There is an AUM of it ₹24,060 crore which is almost 57 percent of the total AUM in the multi-asset allocation category.
Historical returns
A lump sum investment ₹one lakh in the scheme at the time of initiation (October 31, 2002) grew to ₹54.9 lakh as on September 30 at a CAGR of 21 percent.
On the other hand, a similar investment in the benchmark scheme would yield about the same ₹25.7 lakh ie, a CAGR of 16 percent.
| Tenor | CAGR (%) | Present Value of ₹1 lakh (Rs) investment |
| 1 | 22.71 | 1.22 lakh |
| 3 | 29.18 | 2.15 lakhs |
| 5 | 16.46 | 2.14 lakhs |
| SI | 21.10 | 54.91 lakhs |
(Source: Research Value; Returns as of September 30, 2023)
For the performance of SIP (systematic investment plan), it becomes a monthly investment ₹10,000 through SIP since its inception ₹2.1 crore by investing it ₹25.2 lakh ie, a CAGR of 17.5 percent.
| Tenor | Investment (Rs) | Market Value (Rs) |
| 1 year | 1.2 lakh | 1.34 lakh |
| 3-year | 3.6 lakh | 4.94 lakhs |
| 5-year | 6 lakhs | 10 lakhs |
| 7-year | 8.4 lakhs | 15.6 lakhs |
| 10 years | 12 lakhs | 27.36 lakhs |
| 15 years | 18 lakhs | 64.58 lakhs |
| SI | 25.2 lakhs | 2.1 crore |
As we see from the table above, there is a monthly SIP of ₹This scheme would have increased by 10,000 ₹1.34 lakh in one year. In three years, the investment would have grown to ₹4.94 lakh by investing it ₹3.6 lakh in 36 months.
Similarly, if the SIPs were to continue for 10 years, the total investment would increase ₹27.36 lakh by total contribution of ₹12 lakhs. In 15 years, the investment would have risen to ₹64.58 lakhs
In the last 21 years i.e. since the fund was started, the total investment would have increased ₹2.1 crore by investing it ₹25.2 lakhs.
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Updated: 05 November 2023, 11:56 AM IST
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