One of India’s largest multi asset allocation fund, ICICI Prudential Multi-Asset Fund, has successfully completed 21 years. The Scheme has an AUM of Rs. 24,060.99 crs which accounts for nearly 57% of the total AUM in the multi asset allocation category. This indicates significant investor trust in the scheme. Data as of September 30, 2023. (Source: Value Research).

A lump sum investment of Rs. 10 lakhs at the time of inception (October 31, 2002), as of September 30, 2023, would be approximately worth Rs. approximately 5.49 crore i.e. a CAGR of 21%. A similar investment in Scheme benchmark - Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + iCOMDEX Composite Index (3%) – would have yielded approximately Rs. 2.57 crs i.e. CAGR of 16%.

In terms of SIP performance, a monthly investment of Rs 10,000 via SIP since the inception, which would amount to a total investment of Rs 25.2 lakh, would have grown to Rs 2.1cr as of September 30 i.e. a CAGR of 17.5%. A similar investment in the Scheme’s benchmark would have yielded a CAGR of 13.7%.

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Speaking on the occasion of 21 years’ completion, Nimesh Shah, MD & CEO of ICICI Prudential AMC says, “The wealth creation journey of ICICI Prudential Multi-Asset Fund is a testament to the fact that judicious asset allocation across asset classes works well for the investor over the long term. We are pleased that clients who remained invested had a pleasant investment experience. He continued, "At ICICI Prudential Mutual Fund, a team determines how asset allocation would be done. Fund managers from the equities, debt, and commodities asset class make up the team, and they decide on the allocation together. The Scheme thereby gains from the fund managers' broad range of asset class expertise.”

Speaking about the fund strategy, S Naren, ED & CIO, ICICI Prudential AMC said, “The performance of several asset classes over the previous decade and beyond shows that the top-performing asset class has changed every other year. Spreading one's allocation across asset classes is one of the way to profit in this scenario so that the portfolio as a whole may take advantage of the potential gains and benefits that each asset class offers. Such a strategy has helped deliver better risk adjusted investment experience over market cycles. Additionally, diversifying a portfolio across different asset classes also aids in managing portfolio volatility.”

ICICI Prudential Multi-Asset Fund is an open ended scheme investing in Equity, Debt and Exchange Traded Commodity Derivatives/units of Gold ETFs/units of REITs & InvITs/Preference shares. The investment strategy spreads its money throughout several asset classes and market capitalizations in an effort to produce returns over a longer period of time. It allocates at least 10% of its assets across three or more asset classes. To enhance portfolio yield the plan may invest in covered call options.
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For further information, please contact
Adil Bakhshi, Head PR & Corporate Communication
Email: adil_bakhshi@icicipruamc.com,
Landline: 022-66470274

Disclaimer

Returns of ICICI Prudential Multi-Asset Fund - Growth Option as on September 30, 2023

Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of ICICI Prudential Multi-Asset Fund.
2. The scheme is currently managed by Sankaran Naren, Ihab Dalwai, Anuj Tagra, Gaurav Chikane and Sri Sharma. Mr. Sankaran Naren has been managing this fund since Feb 2012. Total Schemes managed by the Fund Manager is 13 (13 are jointly managed).
Mr. Ihab Dalwai has been managing this fund since June 2017. Total Schemes managed by the Fund Manager is 4 (3 are jointly managed).
Mr. Anuj Tagra has been managing this fund since May 2018. Total Schemes managed by the Fund Manager is 9 (9 are jointly managed).
Mr. Gaurav Chikane has been managing this fund since August 2021. Total Schemes managed by the Fund Manager is 3 (1 are jointly managed).
Ms. Sri Sharma has been managing this fund since Apr 2021. Total Schemes managed by the Fund Manager is 6 (6 are jointly managed). Refer annexure from page no. 107 for performance of other schemes currently managed by Sankaran Naren, Ihab Dalwai, Anuj Tagra, Gaurav Chikane and Sri Sharma.
3. Date of inception:31-Oct-02.
4. Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment.
5. Load is not considered for computation of returns.
6. In case, the start/end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period
7. The performance of the scheme is benchmarked to the Total Return variant of the Index. For benchmark performance, values of Nifty 50 TRI have been used since inception till 27th May, 2018 and w.e.f. 28th May, 2018 values of Nifty 200 Index (65%) + Nifty Composite Debt Index (25%) + LBMA AM Fixing Prices (10%) have been considered thereafter. The Benchmark of Scheme has been changed to Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + iCOMDEX Composite Index (3%) w.e.f. July 1, 2023.

Click Here to view performance of other schemes managed by fund managers of the scheme.

Refer to the details belowPast performance may or may not be sustained in future. *Inception date is 31 Oct 2002. **Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + iCOMDEX Composite Index (3%). The performance of the scheme is benchmarked to the Total Return variant of the Index. For benchmark performance, values of Nifty 50 TRI have been used since inception till 27th May, 2018 and w.e.f. 28th May, 2018 values of Nifty 200 Index (65%) + Nifty Composite Debt Index (25%) + LBMA AM Fixing Prices (10%) have been considered thereafter. The returns are calculated by XIRR approach assuming investment of Rs 10000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. The investment value shown above would have varied based on the amount of SIP, the investment period of the investors and continuity of SIP. The returns shown are not indicating/assuring in any manner and is not an indicator of future returns. ICICI Prudential Mutual Fund does not provide guaranteed returns.

Riskometer

ICICI Prudential Multi-Asset Fund - An open ended scheme investing in Equity, Debt and Exchange Traded Commodity Derivatives/units of Gold ETFs/units of REITs & InvITs/Preference shares

Please note that the Risk-o-meter(s) specified above will be evaluated and updated on a monthly basis. The above riskometer is as on September 30, 2023 Please refer to https://www.icicipruamc.com/news-and-updates/all-news for more details.

The portfolio of the scheme is subject to changes within the provisions of the Scheme Information Document of the scheme. Please refer to the SID for investment pattern, strategy and risk factors.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.