With over 25% returns in 2 years, these 3 multi-asset allocation funds are good for SIP

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Quant Multi-Asset Fund – Direct Growth Plan

Launched in February 2001 by the SICAV Quant. It is a small open-ended fund of its category. It is a very risky fund. This fund has a value of Rs 295.85 crore in assets under management (AUM). The net asset value (NAV) declared on May 13, 2022 is Rs 76.0742. Its low loading rate stands at 0.5% compared to the average for its category.

The minimum investment amount required for lump sum payment into the fund is Rs 5,000 and Rs 1,000 for SIP. Since launch, it has generated average annual returns of 12.91%.

The fund invests 73.02% in stocks, with 27.09% in large cap stocks, 5.53% in mid cap stocks and 30% in small cap stocks. The fund is invested 8.6% in debt securities, of which 8.6% in government securities.

The equity portion of the fund is primarily invested in the financials, services, construction, consumer staples and communications sectors. The debt portion of the fund has very low credit quality, indicating that the quality of the borrowers it has lent to is poor.

Absolute returns

1 year 2 years 3 years 5 years Since the creation
12.60% 49.68% 27.43% 17.54% 12.91%
ICICI Prudential Multi-Asset Fund - Direct Plan-Growth

ICICI Prudential Multi-Asset Fund – Direct Plan-Growth

This fund was launched on October 31, 2002 by the ICICI Prudential Mutual fund. This is a medium-sized, high-risk open-end fund category.

It has a value of Rs 13314.97 Crore in Assets Under Management (AUM). The net asset value (NAV) of this May 12, 2022 is Rs 450.3633. The fund has an expense ratio of 1.18%, which is above the average expense ratio for its category

The minimum investment amount required for this fund is Rs 5,000 for the lump sum payment and Rs 100 to start the SIP. The fund is rated 4 stars by CRISIL and shows performances above the average of comparable funds. Since launch, it has generated average annual returns of 15.43%.

The fund is 67% invested in stocks, with 55.8% in large cap stocks, 4.2% in mid cap stocks, 3.25% in small cap stocks and 11.19% in debt securities, of which 8.03% in government securities, 3.16% % in funds invested in very low-risk securities.

The equity portion of the fund is primarily invested in the finance, energy, communications, automotive and healthcare sectors. The debt portion of the fund has very low credit quality, indicating that the quality of the borrowers it has lent to is poor.

Absolute returns

1 year 2 years 3 years 5 years Since the creation
19.93% 34.72% 18.32% 13.41% 15.47%
Tata Multi-Asset Opportunities Fund - Direct Plan-Growth

Tata Multi-Asset Opportunities Fund – Direct Plan-Growth

This is a new fund launched 2 years ago on March 4, 2020 by the Mahindra Manulife Mutual Fund. It is a medium-sized, high-risk open-end fund in its class. The Assets Under Management (AUM) of this fund is worth Rs 1366.15 Crore. While the net asset value (NAV) declared on May 12, 2022 is Rs 15.3153. The fund’s expense ratio is low compared to the category average at 0.41%.

The minimum investment amount required is Rs 5,000 and to start SIP it is Rs 500. Since its launch, it has generated average annual returns of 21.34%.

The fund has an allocation of 54.99% to equities and 10.41% to debt. The equity portion of the fund is primarily invested in the financials, energy, technology, materials and construction sectors. The debt portion of the fund has low credit quality, indicating that the quality of the borrowers it has lent to is not too high.

Absolute returns

1 year 2 years Since the creation
10.67% 26.69% 21.50%
Warning

Warning

Investments in mutual funds are subject to market risk. Read all program documents and terms and conditions carefully before investing. The information mentioned above is purely informative and does not guarantee any return. Greynium Information Technology and the author are not responsible for any losses caused as a result of any decision based on the article.

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