An SIP of ₹10,000 in this mutual fund would have grown to ₹2.1 crore in 21 years

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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