ICICI Mutual Fund Note printing machine! A lump sum of Rs 10 lakh was converted into Rs 5.49 crore – Hindi News
ICICI Mutual Fund Everyone invests to meet future financial needs. There are many investment options. Many people like to invest in the stock market. Many people invest in mutual funds. You can become a millionaire by investing in the right mutual fund. Many funds have made investors millionaires.
Gave return of Rs 5.49 crore
One of these is ICICI Prudential Multi Asset Fund. A lump sum investment of Rs 10 lakh in the Multi Asset Allocation Fund set up by him on October 31, 2002, has grown to Rs 5.49 crore by September 30, 2023. This amount has been generated over a period of 21 years. According to Value Research, the company's assets under management are Rs 24,060.99 crore. Let's find out more.
ICICI Prudential Multi-Asset Fund
ICICI Prudential Multi-Asset Fund is an open-ended scheme that invests in units of equity, debt and exchange-traded commodity derivatives, gold ETFs, REITs and invited, preferred shares. The investment strategy spreads your money across multiple assets and market caps in an effort to deliver long-term returns. It allocates at least 10 percent of its assets across three or more asset classes. In fact, the attraction of investors in multi-asset allocation of mutual funds has increased rapidly. This is a scheme that has consistently given good returns to investors in every market cycle and across other assets. Prudent investments across various asset classes are working well for investors in the long run.
SIP investment
Under this scheme, if someone has made a monthly investment of Rs 10,000 through SIP, then his total investment amount has increased to Rs 25.2 lakh. The value of the investment increased to Rs 2.1 crore by September 30, 2023. This is a CAGR return of 17.5%. Commenting on the strong performance of multi-asset funds, Nimesh Shah, MD and CEO, ICICI Prudential Mutual Fund, said, “It is a testament that investors are doing well across different asset classes.
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