An SIP of ₹10,000 in this mutual fund would have grown to ₹2.1 crore in 21 years

There are many factors to consider before making an investment in a mutual fund scheme, and that's understandable. The category of scheme, the fund house's repute, the state of the economy as a whole, and the scheme's track record of returns are just a few of the aspects that they take into account.

The ICICI Prudential Multi Asset Fund has been around for 21 years, and we provide a brief history of the fund here. With an AUM of 24,060 crore, the plan has roughly 57% of the market share of the multi asset allocation category.

Historical returns

A one lakh lumpsum investment in the scheme at its start (October 31, 2002) would have risen to 54.9 lakh as of September 30 at a CAGR of 21%.

A comparable investment in the scheme's benchmark, on the other hand, would have yielded around 25.7 lakh, i.e., a CAGR of 16 percent.

(Source: Value Research; Returns as on Sept 30, 2023)

In terms of SIP (systematic investment plan) performance, a monthly investment of 10,000 through SIP since inception would have risen to 2.1 crore by investing 25.2 lakh, resulting in a CAGR of 17.5 percent.

A monthly SIP of 10,000 in this scheme would have increased to 1.34 lakh in one year, as shown in the table above. By investing 3.6 lakh over 36 months, the investment would have increased to 4.94 lakh in three years.

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Similarly, if the SIPs were sustained for ten years, the total investment would have grown to 27.36 lakh by contributing a total of 12 lakh. The investment would have grown to 64.58 lakh after 15 years.

By investing 25.2 lakh throughout the past 21 years, or since the fund's establishment, the entire investment would have increased to 2.1 crore.