Every investor aims to get substantial returns on their invested money. With this in mind, they explore numerous investment options that will yield the highest profit. One such investment option provides a good return per annum. If you invest in this, the risk gets significantly reduced as if one asset gives a negative return the other one will surely compensate for it. If you are looking for such options multi-asset allocation funds are the best choice for you. Multi-asset investment involves investing in various assets such as equity, debt and commodities like gold or silver.
Among the oldest and most prominent mutual funds in the multi-asset fund category is the ICICI Prudential Multi-asset Fund, which has provided some remarkable returns in recent years. The fund is managed by experienced fund manager ICICI Prudential AMC’s CIO S. Naren who has several years of experience in navigating market fluctuations and fund management.
The ICICI Prudential Multi-asset Fund has performed outstandingly for over two decades. If someone had invested Rs 1 lakh during the start of this fund (October 31, 2002), it would have grown to Rs 65.4 lakh by April 30, 2024. This means that the investors would have received an annual return of around 21.5 per cent.
ICICI Prudential Multi-asset Fund has given a significant return to all its investors. Talking about the return percentage, the fund has provided a return of 34.20 per cent in one year. In three years, the fund has provided a return of 23.25 per cent while in five years it has given a return of 20.79 per cent.
The size of the fund is Rs 41,159.52 crore with an NAV (Net Asset Value) price of Rs 735.63 (as of June 13, 2024). The fund has a 53.4 per cent investment in equity, 14 per cent in debt and 19 per cent in cash. When it comes to equity allocation, the fund primarily invests in large-cap stocks. The fund’s present portfolio includes sectors like power, agriculture and related inputs, retail, transportation, pharma and healthcare.
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