Not just shares, mutual funds are also leaving no stone unturned in making investors millionaires. If you stay invested in mutual funds for a long time, it can give you many times more profit than other assets. One such fund has come up which has made investors millionaires. This fund has made the value of an investment of 10 lakh rupees more than 7 crores. Let us also tell you which mutual fund is this, which has left no stone unturned in making investors millionaires and has become a note printing machine for investors.
This fund made crorepatis
One of the largest multi asset allocation funds in the country, ICICI Prudential Multi Asset Fund has left no stone unturned in making investors millionaires. According to the data, if an investor had invested Rs 10 lakh in ICICI Prudential Multi Asset Fund 22 years ago, then today its value would have become Rs 7.26 crore. According to the data compiled by Arthlabh, during the same period, the same amount has become only Rs 3.36 crore in its benchmark i.e. Nifty 200 TRI. The data shows that an investment of Rs 10 lakh made in ICICI Prudential Multi Asset Fund on October 31, 2002 has given a return of 21.58 percent compounded annually till September 30 this year. The return of the same investment in the benchmark Nifty 200 TRI has been only 17.39 percent.
SIP has benefited so much
If we talk about SIP, here also this fund has given good returns to the investors. If the investor would have invested Rs 10,000 every month in this fund, then its value would have become Rs 2.9 crore in 22 years. Whereas the actual investment is only Rs 26.4 lakh. This means that the fund has given investors a return at a CAGR of 18.37 per cent. In the scheme’s benchmark, the same investment has given a return of 14.68 per cent annually. According to the data compiled by Arthlabh, the asset under management (AUM) of ICICI Prudential Multi Asset Fund has been Rs 59,495 crore. That is, this fund house has about 48 per cent of the AUM of the total multi asset allocation in the industry. This means that investors have trusted this scheme fiercely.
What are the experts saying
Nimesh Shah, MD and CEO of ICICI Prudential AMC, says, the fund’s wealth creation journey is a strong proof of the power of disciplined asset allocation across different asset classes. This approach has benefited our investors with profitable investment results in the long term. At ICICI Prudential Mutual Fund, we rely on the expertise of a dedicated team comprising fund managers from equity, debt and commodities. S Naren, Chief Investment Officer, Fund House, says that over the past decade and beyond, the performance of different asset classes has shown that the top performing stocks often change from year to year. In this dynamic environment, spreading your investments across different asset classes is an effective way to capitalise on unique opportunities.
