ICICI Prudential Multi-Asset Fund completes 21 years; offers SIP return of 17.5%

ICICI Prudential Multi-Asset Fund has completed 21 years. The scheme manages an AUM of Rs 24,060.99 crore, which accounts for nearly 57% of the total AUM in the multi asset allocation category, a press release said.

A lumpsum investment of Rs 10 lakhs at the time of inception (October 31, 2002) would be approximately worth Rs 5.49 crore (a CAGR of 21%) , as on September 30, 2023. A similar investment in scheme benchmark - Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + iCOMDEX Composite Index (3%) – would have yielded approximately Rs 2.57 crore (CAGR of 16%).

A monthly investment of Rs 10,000 via SIP since the inception, which would amount to a total investment of Rs 25.2 lakh, would have grown to Rs 2.1 crore as of September 30 (CAGR of 17.5%). A similar investment in the scheme’s benchmark would have yielded a CAGR of 13.7%.


Nimesh Shah, MD & CEO of ICICI Prudential AMC, says, “The wealth creation journey of ICICI Prudential Multi-Asset Fund is a testament to the fact that judicious asset allocation across asset classes works well for the investor over the long term.”

S Naren, ED & CIO, ICICI Prudential AMC, said, “The performance of several asset classes over the previous decade and beyond shows that the top-performing asset class has changed every other year. Spreading one's allocation across asset classes is one of the ways to profit in this scenario so that the portfolio as a whole may take advantage of the potential gains and benefits that each asset class offers. Such a strategy has helped deliver better risk adjusted investment experience over market cycles. Additionally, diversifying a portfolio across different asset classes also aids in managing portfolio volatility.”

ICICI Prudential Multi-Asset Fund is an open-ended scheme investing in equity, debt and exchange traded commodity derivatives/units of gold ETFs/ units of REITs & InvITs/ preference shares. The investment strategy spreads its money throughout several asset classes and market capitalizations in an effort to produce returns over a longer period of time. It allocates at least 10% of its assets across three or more asset classes. To enhance portfolio yield the plan may invest in covered call options.