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

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mutual fund scheme, investors are expected to weigh a number of pros and cons, and rightly so! They tend to consider a number of factors such as the category of scheme, reputation of the fund house, macro-economic condition, and the scheme’s historical returns, among other factors. Here, we give a lowdown on the ICICI Prudential Multi Asset Fund, which has completed 21 years of its existence. The scheme has an AUM of ₹24,060 crore that accounts for nearly 57 percent of the total AUM in the multi asset allocation category.

A lumpsum investment of ₹one lakh in the scheme at the time of inception (October 31, 2002) would have grown to ₹54.9 lakh as on Sept 30 at a CAGR of 21 percent. On the other hand, a similar investment in the scheme’s benchmark would have yielded approximately ₹25.7 lakh i.e., CAGR of 16 percent. (Source: Value Research; Returns as on Sept 30, 2023) In terms of the SIP (systematic investment plan) performance, a monthly investment of ₹10,000 via SIP since the inception would have grown to ₹2.1 crore by making an investment of ₹25.2 lakh i.e., a CAGR of 17.5 percent.

As we can see from the table above, a monthly SIP of ₹10,000 in this scheme would have grown to ₹1.34 lakh in one year. In three years, the investment would have grown to ₹4.94 lakh by making an investment of ₹3.6 lakh in 36 months. Likewise, if the SIPs continued for 10 years, the total investment would have grown to ₹27.36 lakh by making a total contribution of ₹12 lakh.