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ICICI Prudential Multi-Asset Fund – Direct Plan – Growth
It is a Multi-Asset Allocation mutual fund mutual-fund scheme. The fund is ideal for long term wealth creation. The launch date of the fund is January 1, 2013 from the fund house ICICI Prudential Mutual Fund. It is an open-ended scheme. The fund has approximately Rs 13,315 crore worth Asset Under Management as on April 30, 2022.
The NAV (Net Asset Value) as on June 3 is 463.88. It can be classified as medium-sized fund of its category. As on 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 star by the mutual fund rating agency, CRISIL.
Fund’s return grade is average. The fund has a turnover of 48%.
The fund strives to produce capital appreciation for investors by investing predominantly in equity and equity related instruments and income by investing across other asset classes.
Lock in period is not applicable to this fund. The benchmark of the fund includes NIFTY200 TRI (65) Nifty Composite Debt Index (25), and London Gold (10). The fund outperformed the benchmark.
In this fund, to start investment minimum amount required is Rs 5000 while a minimum investment for SIP begins with Rs 100.
When it comes to exit load, for units more than 30% of the investment, investors will have to shell out 1% charge for redemption within 365 days.
Absolute and Annualized Return
In one year period, the fund has offered 19.96% absolute return. It is worth mentioning that on an average, it has delivered 15.69% average annualized returns.
| Tenure | 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 Inception | 296% | 15.73% |
SIP Returns
| Tenure | 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% |
Portfolio
It is important to note that the fund has 67% investment in the domestic equities of which 55.8% comes in Large Cap stocks, 4.2% comes in the Mid Cap stocks, 3.25% comes in Small Cap stock. ICICI Prudential Multi-Asset Fund – Direct Plan – Growth has got 11.9% investment in debt of which 8.03% comes in Government securities while 3.16% in Low Risk securities.
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn’t guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
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