ICICI Prudential Multi-Asset Fund is one of the earliest funds in its category. Its NAV stood at Rs 696.08 on November 12, 2024. It was launched on October 31, 2002 and has grown to Rs 50,648.49 crore. It has an expense ratio of 1.46%, while the category average is 1.85%. The ICICI Prudential Multi-Asset Fund ranks “very high” on the risk-o-meter.
With equities on a correction mode, and gold and silver prices rising, multi-asset funds becoming important. This fund has deployed 48.82% money in equities, 14.83% in debt, 12.02% in commodities, 1.01% in real estate and 23.32% are lying as cash and cash equivalent. ICICI Pru Multi-Asset Fund has a low beta of 0.57% indicating low volatility and an alpha of 9.04% which roughly indicates superior returns.
If someone invested Rs 1,000 in ICICI Prudential Multi-Asset Fund 1 year ago, he/she would have generated a value of Rs 12,989.3. If the same amount of money was invested 2 years ago, it would have fetched a total return of Rs 29,657 and if invested 3 years ago, the total value of the SIP would have reached Rs 48,992. If someone had invested Rs 1,000 5 years ago, the SIP would have been valued at Rs 1,06,146 and if done 10 years ago, the total value would have been Rs 2,98,211.
If an investor would have put Rs 10,000 in ICICI Prudential Multi-Asset Fund 1 year ago, it would have turned into Rs 12,581, while if the same amount was invested 2 years ago, it would have generated a value of Rs 14,753. A lump sum of Rs 10,000 would have fetched a value of Rs 16,325 in 3 years, while over 5 years, it would have turned into Rs 25,721 and over 10 years, it would have become Rs 37,721. And if someone has the brilliant idea of investing Rs 10,000 in this fund on October 31, 2022, it would have become Rs 6,96,081.
Among the top stocks where ICICI Pru Multi-Asset Fund has invested its money are Maruti Suzuki, HDFC Bank, ICICI Bank, NTPC, Infosys, Reliance Industries, SBI Cards, Bajaj Finserv, L&T, ONGC, Axis Bank, Interglobe Aviation, Eicher Motors, Sun Pharmaceuticals, SBI, ITC, Bharti Airtel etc. The sectors where ICICI Pru Multi-Asset Fund has invested are financials (17.99%), Energy & utilities (7.03%), consumer discretionary (5.70%).
