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With Over 40% SIP Returns In 3-Years, This Multi-Asset Allocation Fund Good To Invest, SIP Starts At Rs 100
Given the volatility of the stock market, multi-asset funds can help investors diversify their portfolios and reduce risk. As the name suggests, Multi-asset funds invest in a mix of equities, debt, gold, and international equity. Since they make allocations to various asset classes They are known as asset allocation funds. One of the advantages of investing in these funds is that the portfolios invest in assets that are not perfectly correlated, rather than exposing an investor to the dangers of a single asset class. The fund we highlighted here is one of the Multi-Asset Allocation category fund that ahs offered a promising returns on SIP over the year.
ICICI Prudential Multi-Asset Fund - Direct Plan-Growth
This is a 19-year-old Hybrid Multi-Asset Allocation Mutual Fund scheme launched on October 31, 2002, by the ICICI Prudential Mutual fund. The fund is an open-ended medium-sized fund of its category. It has Rs 13,314.97 Crores worth of Assets Under Management (AUM). Whereas, Net Asset Value (NAV) declared on 12th May 2022 is Rs 453.6187. The fund has an expense ratio of 1.18%, which is higher than its category average expense ratio.
It is a highly risky fund to invest. The fund is rated 4-star by the CRISIL, a mutual fund rating agency. It is also rated 3-star by Value Research. The investment in this fund starts with a minimum investment amount of Rs 5,000 for a lump-sum payment, and for SIP it starts with Rs 100. The Lock-in period in this fund is not applicable. However, it charges 1% exit load on the excess of 30% of the investment within 365 days of the investment.
The scheme seeks to generate capital appreciation for investors by investing predominantly in equity and equity-related instruments and income by investing across other asset classes. The benchmark of this mutual fund scheme is NIFTY 200 TRI (65), NIFTY Composite Debt Index (25), and London Gold (10).
Absolute And Annualised Returns
Lump-Sum Investment Returns
Since its launch, it has delivered 15.56% average annual returns.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 20.86% | 20.86% |
| 2 Year | 84.81% | 35.94% |
| 3 Year | 64.72% | 18.05% |
| 5 Year | 89.08% | 13.58% |
| Since Inception | 287.46% | 15.56% |
SIP Returns
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 5.71% | 10.79% |
| 2 Year | 28.86% | 26.55% |
| 3 Year | 40.89% | 23.60% |
| 5 Year | 53.49% | 17.17% |
Portfolio
The fund has 67% investment in equities of which 55.8% is in large-cap stocks, 4.2% is in mid-cap stocks, and 3.25% in small-cap stocks. Fund has 11.19% investment in Debt of which 8.03% in Government securities, and 3.16% in funds invested in very low-risk securities.
The fund's equity portion is primarily invested in the Financial, Energy, Communication, Automobile, and Healthcare sectors. The debt portion of the fund has very low credit quality indicating the quality of borrowers it has lent it to is poor.
The fund's top holdings are in National Thermal Power Corp. Ltd., Bharti Airtel Ltd., and Oil & Natural Gas Corpn. Ltd., Reserve Bank of India (RBI), and ICICI Prudential Gold Exchange Traded Fund-IDCW.
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
