ICICI Prudential Multi-Asset Fund marks 22 years, posts impressive growth with Rs 50,495 crore AUM

ICICI Prudential Multi-Asset Fund, one of India’s leading multi-asset allocation funds, has completed 22 successful years, achieving a robust AUM of Rs 50,495.58 crore as of September 30, 2024. Holding a dominant market share of 48.29 per cent in the multi-asset category, the fund remains a top choice for investors seeking diversified long-term growth.

An initial investment of Rs 10 lakh at the fund’s inception would have appreciated to Rs 7.26 crore by September 30, 2024, with a strong CAGR of 21.58 per cent. In comparison, the same investment in the fund’s benchmark index would have grown to Rs 3.36 crore, translating to a CAGR of 17.39 per cent.

Investors opting for the SIP route have also reaped significant benefits. A monthly SIP of Rs 10,000, totalling Rs 26.4 lakh over the 22-year period, would have grown to Rs 2.9 crore, delivering an impressive CAGR of 18.37 per cent. By contrast, the benchmark index SIP yielded a lower CAGR of 14.68 per cent.

On this milestone, Nimesh Shah, Managing Director & CEO of ICICI Prudential AMC, said, “ICICI Prudential Multi-Asset Fund’s journey of wealth creation is a strong testament to the power of disciplined asset allocation across diverse asset classes. This approach has benefited our investors over the long term with rewarding investment outcomes.”

The fund’s strategy involves allocating investments across equity, debt, and various other asset classes like Gold ETFs, Silver ETFs, and REITs. This diversification ensures a balanced portfolio, mitigating risks and delivering steady returns through different market cycles.

S Naren, ED & CIO of ICICI Prudential AMC, noted, “Spreading investments across multiple asset classes helps capitalize on unique opportunities, ensuring a more favourable risk-adjusted return across market cycles. This diversified approach also plays a crucial role in managing volatility, smoothing out market fluctuations.”

ICICI Prudential Multi-Asset Fund’s disciplined asset allocation and consistent performance have cemented its position as a preferred investment avenue for diversified growth.