ICICI Multi-Asset Mutual Fund started trading in the multi-asset hybrid category for the first time in October 2002.
Investing in assets is one of the most important things in the present time. It gives people a backup option and also offers another source of income for them. While some people invest in stocks, properties, or gold, others have different ways of investing their money. One of the most popular ways to invest money is in the stock market. Many people in the country invest in stocks and receive returns from them. But there have been various cases where they have even lost their money. Considering inflation, it is difficult to predict which company will offer a better return to the public. However, there is a category of mutual funds that offers a higher return without involving much risk.
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Investments in mutual funds are quite popular. One such mutual fund that is receiving all the attention is the multi-asset fund. These funds tend to invest in different categories and take returns from everywhere, including shares and gold. The ICICI Prudential Multi-Asset Fund has held a strong position in the market as it has been able to offer around a 21 per cent return annually for the past 22 years. The fund started trading in the multi-asset hybrid category for the first time in October 2002, and since then, until August 31, 2023, this fund has created a record by giving a return of 21.13% every year.
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A multi-asset approach means that this fund invests in different categories like equity, debt and gold, and collects returns for you from all three sides. The movements in these three categories are not related. As a result, there is no possibility of risk coming from all three categories simultaneously.
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The ICICI Prudential Multi-Asset Fund is suitable for both lump-sum and SIP investments. Talking about its return, the ICICI Prudential Multi-Asset Fund offered a trailing return of 18.89 per cent in 1 year, 25.79 per cent in 3 years, 15.53 per cent in 5 years, and 27.07 per cent since launch. Category returns have been 13.45 per cent in 1 year, 14.57 per cent in 3 years and 9.01 per cent in 5 years.
