A multi-asset fund is a type of mutual fund that invests in different classes of assets with the express purpose of spreading risk across multiple asset classes. This type of fund becomes more pertinent when the markets become volatile as they can generate more stable returns than a single asset class. ICICI Pru multi-asset fund is one of the best performers in the country.
The size of the fund Rs 46,488.18 crore. The NAV of the fund as on September 3 was Rs 710.29. The exit load is 1.49% against a category average of 1.86%. It was launched on October 31, 2022.
Lump sum returns
An investment of Rs 10,000 6 months ago would have generated returns of Rs 11,367, while 1 year ago it would have returned Rs 13,058. The same amount invested 2, 3 and 5 years ago would have given Rs 15,824, Rs 18,267 and Rs 27,950 respectively. Rs 10,000 put in this fund 10 years ago would have been worth Rs 39,907 now, while it would have been worth Rs 7,10,151 if invested on the first day of the fund’s operation.
SIP returns
The SIP returns were also remarkable. An amount of Rs 1,000 invested as monthly SIP in this fund 1 year ago would be worth Rs 13,936, while 2 years ago it would have generated Rs 31,550. The same SIP continued for the past 3, 5 and 10 years would have returned Rs 51,755, Rs 1,12,401 and Rs 3,10,434.
According to Value Research, the sectors which are of significance to this fund are equities (49.33% of the funds invested), debt (14.34%), commodities (10.9%), real estate (0.77%) and cash and cash equivalent (24.67%).
Top stocks
The stocks in which this fund has invested a lot of money include NTPC, HDFC Bank, ICICI Bank, Infosys, Maruti Suzuki, Reliance Industries, SBI Cards, Bajaj Finserv, ONGC, ICICI Lombard, Bharti Airtel, ITC, L&T, tata Steel, Gujarat Gas, HUL.
Volatility
ICICI Pru Multi Asset Fund has a Beta of only 59%. It indicates that the fund has suffered 41% less volatility than the market. The fund also has an alpha of 10.16, which indicates the returns have been far higher than the benchmark index.
There are more than 15 multi-asset mutual funds in India. This fund is one of the best performers. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
