New Delhi. It is the wish of every investor to double and quadruple his investment amount every day. But, very few investors have this desire. Yet many times such stocks or mutual funds come into the market, which make their investors kings in no time. If you are also looking for such an option, then this mutual fund might become your destination. This fund turned an investment of Rs 10 lakh into Rs 7.26 crore in just 22 years. The only condition is that you stay in the fund for a long time.
Investment experts say that if you stay in a mutual fund for a long time, it can give you multiple returns compared to other assets or benchmarks. For example, an investment of Rs 10 lakh 22 years ago in ICICI Prudential Multi-Asset Fund, one of the largest multi-asset allocation funds in the country, has grown to Rs 7.26 crore today. According to Arthaprofit data, the same amount in its benchmark Nifty 200 TRI was just Rs 3.36 crore during the same period.
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This fund has 48% AUM.
According to data compiled by Artlabh, ICICI Prudential Multi-Asset Fund’s assets under management (AUM) is Rs 59,495 crore. This means, this fund house holds around 48% of the AUM of the total multi-asset allocation in the industry. This means that the investors have put a lot of trust in the scheme. Figures show that an investment of Rs 10 lakh made in ICICI Prudential Multi Asset Fund on October 31, 2002 has yielded a return of 21.58% compounded per annum till September 30 this year. The return on the same investment in the benchmark Nifty 200 TRI has been just 17.39%.
SIP created a fund of Rs.3 crore
This fund has also given bumper returns through SIP. As far as investment through SIP is concerned, an investment of Rs 10,000 per month in this fund has grown to Rs 2.9 crore in 22 years. Surprisingly, the actual investment has been only Rs 26.4 lakh. Thus, if seen, the return at CAGR rate has been 18.37%. In the scheme’s benchmark, the same investment has managed to return 14.68% per annum.
How did you make such a comeback?
Nimesh Shah, MD & CEO, ICICI Prudential AMC says, “The wealth creation journey of our fund is a strong testament to the power of disciplined asset allocation across asset classes. This approach has helped us grow over the long term. has given investors huge returns. At ICICI Mutual Fund, fund managers of equity, debt and commodities come together to create investment strategies, says S. Narine, chief investment officer of the fund house And since then, the performance of various assets has shown that the best performing stocks often change from year to year.Fund Equity, Debt and Exchange Traded Commodity Derivatives/Gold ETF Units/Silver ETF units invest in REITs and InvITs.
Tags: business news, Investment Tips, Mutual fund
First Publication: November 12, 2024, 16:28 IST
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