ICICI Prudential Multi-Asset Fund – Direct Plan-Growth

It is a hybrid multi-asset mutual fund plan launched on October 31, 2002 by ICICI Prudential Mutual Fund. The fund is a mid-sized open-ended fund in its category. It has Rs 13,314.97 Crores in Assets Under Management (AUM). While the net asset value (NAV) declared on May 12, 2022 is Rs 453.6187. The fund has an expense ratio of 1.18%, which is above the average expense ratio for its category.

It is a very risky fund to invest. The fund is rated 4 stars by CRISIL, the mutual fund rating agency. It is also rated 3 stars by Value Research. 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-up period of this fund is not applicable. However, it charges a 1% exit charge on the excess 30% of the investment within 365 days of the investment.

The scheme aims to generate capital appreciation for investors by investing primarily in equity and equity-related instruments and income by investing in other asset classes. The benchmark for this mutual fund is NIFTY 200 TRI (65), NIFTY Composite Debt Index (25) and London Gold (10).

Absolute and annualized returns

Flat-rate returns on investment

Since launch, it has generated average annual returns of 15.56%.

Mandate	Absolute returns	Annualized returns
1 year	20.86%	20.86%
2 years	84.81%	35.94%
3 years	64.72%	18.05%
5 years	89.08%	13.58%
Since the creation	287.46%	15.56%

SIP Returns

Mandate	Absolute returns	Annualized returns
1 year	5.71%	10.79%
2 years	28.86%	26.55%
3 years	40.89%	23.60%
5 years	53.49%	17.17%

Wallet

The fund is 67% invested in stocks, with 55.8% in large cap stocks, 4.2% in mid cap stocks and 3.25% in small cap stocks. The fund has 11.19% in debt investments, including 8.03% in government securities, and 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.

The fund’s top holdings are in National Thermal Power Corp. Ltd., Bharti Airtel Ltd. and Oil & Natural Gas Corp. Ltd., Reserve Bank of India (RBI) and ICICI Prudential Gold Exchange Traded Fund-IDCW.

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.