Mutual Fund Scheme To Make Rs 1 Lakh To Rs 41.46 Lakh, Know Full Details

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While investing money, experts advise that all the money should not be invested in one place. 

That is, you invest some money in equity and some in debt. Invest some money in gold. 

When it comes to equity, it is advisable not to invest all the money in companies or funds with the same capital, but in funds or companies with different market capitals. But now who has so much time to do so much research. 

A great and easy way to do this is through Multi Cap Asset Funds. 

Considering the current state of the stock market, these are great funds for investors. 

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Here we will also give you information about one such multi cap fund, which has increased the wealth of investors tremendously.

ICICI Prudential Multi Asset Fund

There are many multi cap funds in the mutual fund industry. 

But the name of ICICI Prudential Multi Asset Fund tops them. 

The fund has an Asset Under Management (AUM) of Rs 12,405 crore. 

Explain that ICICI Prudential Multi Asset Fund holds 65 per cent of the fund’s total AUM in the multi cap category. 

The fund invests 10-80% in equities, 10-35% in gold and ETFs and 0-10% in real estate trusts.

Investment of Rs 1 lakh turned out to be Rs 41.46 lakh

ICICI Prudential Multi Asset Fund was incorporated on 31 October 2002. Since then, the fund has managed to give 21.65% annualized returns. 

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Accordingly, if someone had invested Rs 1 lakh in ICICI Prudential Multi Asset Fund 19 years ago, their value would have become Rs 41.46 lakh today. 

In the last 1 year, Nifty has been able to give only 18.21 percent annual return.

Millionaire from SIP

One should invest for a long time in any asset allocation fund. 

These schemes are good for long term only and investing in them through Systematic Investment Plan (SIP) can be even better. 

In ICICI Prudential Multi Asset Fund, if someone did a SIP of Rs 10000 every month from the beginning, he would be a millionaire today. 

The amount invested by him would have been Rs 1.60 crore.

Crorepati with just Rs 22.80 lakh investment

If someone was doing SIP of Rs 10 thousand every month for 19 years, then his investment amount would have been Rs 22.80 lakh. 

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He would have had to invest for 228 months. With an investment of Rs 10000 every month, his total amount invested would have been Rs 22.80 lakh. 

The rest would be his profit. That is, he would have got a return of Rs 1.37 crore. 

Explain that experts recommend that investors should invest in multi cap funds for at least 3 years.

How is investment

Asset Allocation Fund invests in large, mid and small cap companies in the equity market. 

Some investments of these schemes are also done in commodities. 

This is done so that there is more benefit than inflation. 70% of the money in this scheme is invested in the stock market.

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