If you are planning a long-term investment in mutual funds and are looking for a fund that can give returns of crores over time, then ICICI Prudential Multicap Fund can be a strong option for you. This is the oldest scheme of ICICI Prudential Mutual Fund House, which was launched in October 1994.
So far, this fund has given such strong returns to investors that if you had started a SIP of Rs 10,000 in it 30 years ago, then today its value would have been around Rs 9.8 crore. At the same time, if you had invested Rs 1 lakh in lump sum, it would have increased to Rs 79 lakh.
ICICI Prudential Multicap Fund is a multicap category mutual fund which was launched on 1 October 1994. The fund aims to generate capital appreciation by investing in large, mid and small cap stocks across sectors. However, this objective is not guaranteed to be achieved every time.
The current asset size of this fund is Rs 15,094.86 crore, and its expense ratio is 1.74%, which is lower than the category average of 1.96%. The fund follows Nifty 500 Multicap 50:25:25 TRI as its benchmark.
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ICICI Prudential Multicap Fund returns over the years:
DurationReturns (%) 1 Year6.87% 3 Years25.38% 5 Years26.78% 7 Years16.02% 10 Years15.10% 20 Years16.24% Since Launch15.28% (Lump Sum Return) SIP Return (Since Launch)17.71%
(Source: Value Research)
This fund has made investors crorepatis by giving great returns in the long term. For example, if an investor had run a monthly SIP of Rs 10,000 in this fund for 30 years, his investment would have reached around Rs 9.8 crore.
On the other hand, if someone had made a lump sum investment of Rs 1 lakh in October 1994, its value would have become around Rs 79 lakh today.
These figures clearly show how disciplined and long-term investment can create a large corpus through mutual funds.
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ICICI Prudential Multicap Fund: Risk measures Risk ParameterWhat It MeansValue (3-Year) AlphaHow much the fund outperformed the benchmark5.37 (Very good) BetaHow sensitive the fund is to market volatility0.90 (Slightly lower risk than market) Tracking ErrorHow much the fund’s returns deviate from the benchmark3.33 (Low – a good sign) Sharpe RatioHow much return is generated per unit of risk taken1.16 (Above 1 = Good return-to-risk) Standard DeviationHow much the fund’s returns fluctuate13.41 (Moderate risk)
(Source: Fund’s fact sheet)
ICICI Prudential Multicap Fund’s asset allocation is primarily concentrated in equities,
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