Curated By: Business Desk
Last Updated: November 09, 2023, 14:06 IST
The ICICI Prudential Multi-Asset Fund was launched in October 2002.
The ICICI Prudential Multi-Asset Fund Growth Plan has given an annualised return of 21% since its inception.
The pageant of Diwali is not far away and lots of corporations have began paying out the Diwali bonus. If you will have already acquired the Diwali bonus as a substitute of spending it you possibly can select a great funding instrument to multiply your cash.
There are a number of financial savings devices and funding avenues obtainable out there. However, mutual funds stay one of many favorite choices amongst traders as they provide increased return.
The ICICI Prudential Multi-Asset Fund may very well be an acceptable possibility if you’re planning to place your cash into completely different property with out getting instantly uncovered to the chance of the market volatility.
The multi-asset funds are a category of mutual funds which put money into not less than three asset lessons. As per the SEBI tips, these mutual funds ought to make investments not less than 10 in three asset lessons. Generally multi asset funds put money into fairness, debt and different asset lessons like gold or actual property.
The ICICI Prudential Multi-Asset Fund was launched in October 2002 and has accomplished 21 years now. Its compound annual development charge (CAGR) stands at 21.02%, which is increased than many different mutual funds in the identical class. Its whole property below administration (AUM) stand at Rs 24,060 crore.
It is an open-ended scheme that invests in equities, debt, change-traded commodities, derivatives/gold models, ETFs, and InvITs.
How a lot do that you must make investments?
You can begin investing in ICICI Prudential Multi-Asset Fund with an quantity as little as Rs 5,000 as lump sum. You can even begin a scientific funding plan (SIP) with a minimal funding of Rs 100 per 30 days.
How a lot return will you get on an funding of Rs 50,000?
If you make investments your Diwali bonus of Rs 50,000 in ICICI Prudential Multi-Asset Fund Growth Plan for 30 years the quantity can flip into Rs 1.52 crore contemplating the 21% annualised return since its inception that the scheme has given on lump sum funding.
In this case, as a result of compounding impact, you’ll get a return of Rs 1.51 crore on the funding of Rs 50,000.
If you select to lock in your investments for 20 years, then the corpus fund will flip into Rs 22.6 lakh.
Moreover, in the event you make investments the identical quantity on this scheme for simply 10 years, you’ll obtain Rs 3.36 lakh.
Therefore, we are able to rightly conclude that investing for an extended interval seems higher as a result of return on funding. However, it’s vital to notice that the speed of return can fluctuate relying on market situations and several other different elements.
Also, do not forget that mutual fund investments are topic to market dangers and make an evaluation of your danger tolerance earlier than investing your cash.
