ICICI Pru Multi-Asset Fund – Direct Growth

Hybrid · Multi Asset Allocation
 · ★★★★
100
Min SIP
5,000
Min Lumpsum
0.74 %
Expense Ratio
★★★★
Rating
32,831
Fund Size (in Cr)
11 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 23 February 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 31.6% 23.7% 20.8% 17%
Category Average 24.3% 15.1% 16.5% -

Scheme Allocation

By Holding
By Sector
By Asset
5.99%
5.18%
3.49%
Others
78.74%
View all Holdings
Holdings Sector Instrument Asset
ICICI Bank Banks Equity 5.99%
NTPC Power Generation & Distribution Equity 5.18%
Maruti Suzuki Automobile Equity 3.66%
HDFC Bank Banks Equity 3.49%
Reliance Industr Refineries Equity 2.94%
SBI Cards Finance Equity 2.62%
Infosys IT - Software Equity 2.36%
Bharti Airtel Telecomm-Service Equity 2.34%
O N G C Crude Oil & Natural Gas Equity 2.3%
ICICI Lombard Insurance Equity 2.14%
Sun Pharma.Inds. Pharmaceuticals Equity 2.03%
Avenue Super. Retail Equity 1.46%
H P C L Refineries Equity 1.29%
Interglobe Aviat Air Transport Service Equity 1.27%
Gujarat Gas Gas Distribution Equity 1.19%
TVS Motor Co. Automobile Equity 1.11%
Grasim Inds Textiles Equity 1.05%
St Bk of India Banks Equity 1.01%
Tech Mahindra IT - Software Equity 0.98%
Tata Steel Steel Equity 0.98%
Lupin Pharmaceuticals Equity 0.92%
Larsen & Toubro Infrastructure Developers & Operators Equity 0.89%
Kotak Mah. Bank Banks Equity 0.87%
Hind. Unilever FMCG Equity 0.86%
Muthoot Finance Finance Equity 0.84%
Hindalco Inds. Non Ferrous Metals Equity 0.84%
Ipca Labs. Pharmaceuticals Equity 0.83%
HCL Technologies IT - Software Equity 0.75%
M & M Fin. Serv. Finance Equity 0.73%
Tata Motors-DVR Automobile Equity 0.71%
B P C L Refineries Equity 0.66%
United Breweries Alcoholic Beverages Equity 0.64%
Axis Bank Banks Equity 0.61%
Samvardh. Mothe. Auto Ancillaries Equity 0.6%
UPL Agro Chemicals Equity 0.59%
Hero Motocorp Automobile Equity 0.59%
Alkem Lab Pharmaceuticals Equity 0.59%
NCC Construction Equity 0.55%
Kalpataru Proj. Capital Goods - Electrical Equipment Equity 0.52%
Bajaj Finance Finance Equity 0.52%
ACC Cement Equity 0.47%
TCS IT - Software Equity 0.44%
Syngene Intl. Pharmaceuticals Equity 0.42%
Ashok Leyland Automobile Equity 0.38%
Asian Paints Paints/Varnish Equity 0.38%
Nuvoco Vistas Cement Equity 0.35%
Coal India Mining & Mineral products Equity 0.34%
Biocon Pharmaceuticals Equity 0.32%
Zee Entertainmen Entertainment Equity 0.29%
Life Insurance Insurance Equity 0.27%
CIE Automotive Castings, Forgings & Fastners Equity 0.25%
Marico Edible Oil Equity 0.24%
ICICI Pru Life Insurance Equity 0.22%
LIC Housing Fin. Finance Equity 0.21%
Bajaj Finserv Finance Equity 0.19%
D B Corp Media - Print/Television/Radio Equity 0.17%
Federal Bank Banks Equity 0.17%
Sumitomo Chemi. Agro Chemicals Equity 0.16%
Oberoi Realty Realty Equity 0.14%
EPL Ltd Packaging Equity 0.13%
UltraTech Cem. Cement Equity 0.13%
SBI Life Insuran Insurance Equity 0.12%
Ent.Network Entertainment Equity 0.12%
PVR Inox Entertainment Equity 0.11%
Guj Pipavav Port Marine Port & Services Equity 0.1%
Suprajit Engg. Auto Ancillaries Equity 0.09%
Heidelberg Cem. Cement Equity 0.09%
G N F C Chemicals Equity 0.06%
Chemplast Sanmar Chemicals Equity 0.06%
Ingersoll-Rand Capital Goods-Non Electrical Equipment Equity 0.06%
Sapphire Foods Quick Service Restaurant Equity 0.02%
Debt
27.94%
Banks
12.15%
Automobiles
6.07%
Power
5.18%
Finance
5.12%
Others
43.55%
View all Sectors
Sectors Asset
Debt 27.94%
Banks 12.15%
Automobiles 6.07%
Power 5.18%
Finance 5.12%
Petroleum Products 4.89%
Others 4.87%
Pharmaceuticals & Biotech 4.69%
IT-Software 4.53%
Insurance 2.76%
Telecom-Services 2.34%
Oil 2.3%
Cement & Cement Products 2.1%
Construction 1.97%
Retailing 1.46%
Transport Services 1.27%
Gas 1.19%
Ferrous Metals 0.98%
Auto Components 0.94%
Diversified FMCG 0.86%
Non-Ferrous Metals 0.84%
Fertilisers & Agrochemica 0.75%
Beverages 0.64%
Entertainment 0.53%
Healthcare Services 0.42%
Agricultural, Commercial 0.38%
Consumer Durables 0.38%
Consumable Fuels 0.34%
Agricultural Food & other 0.24%
Industrial Products 0.19%
Media 0.17%
Realty 0.14%
Chemicals & Petrochemical 0.12%
Transport Infrastructure 0.1%
Cash & Others 0.02%
Leisure Services 0.02%
Equity
66.04%
Reverse Repos
15.81%
Non Convertable Debenture
4.31%
Mutual Funds Units
3.83%
T-Bills
3.04%
Others
6.96%
View all Assets
Assets Asset
Equity 66.04%
Reverse Repos 15.81%
Non Convertable Debenture 4.31%
Mutual Funds Units 3.83%
T-Bills 3.04%
Govt Securities / Sovereign 2.96%
Commercial Paper 1.45%
Derivatives 0.97%
REITs 0.9%
Debt & Others 0.37%
InvITs 0.22%
Foreign Equity 0.07%
Net Curr Ass/Net Receivables 0.02%

Advance Ratio

12.77
Alpha
2.81
SD
0.58
Beta
1.83
Sharpe

Exit Load

Exit Load Nil - If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 30% of units (the limit) purchased or switched within 1 year from the date of allotment 1.00% - if units purchased or switched in from another Scheme of the Fund are redeemed or switched out within 1 year from the date of allotment. Nil - If units purchased or switched in from another Scheme of the Fund are redeemed or switched out after 1 year from the date of allotment.

Fund Objective

The ICICI Prudential Multi-Asset Fund is a diversified multi-asset scheme launched on 31st October 2002 by ICICI Prudential Mutual Fund.

The scheme distributes the majority of its investments across the banking, power, automobiles, IT, oil, telecom services, finance, pharmaceutical and biotechnology, and insurance sectors. It is managed by Sankaran Naren, Ihab Dalwai, Anuj Tagra, Gaurav Chikane, and Sri Sharma.

The scheme’s objective is to achieve capital growth for investors through mainly investing in equities and related instruments while also seeking to generate income through investments in various other asset classes. The scheme aims to achieve its objective by investing in companies with above-average profitability. It also seeks to invest in debt and money market securities that offer the best balance of yield and risk.

The ICICI Prudential Multi-Asset Fund allocates between 65% to 80% of its corpus to equities and related instruments. The balance allocation is spread across debt and money market instruments, gold exchange-traded funds, commodity derivatives, preference shares, REITs, and InvITs.

Pros & Cons

Pros

Cons

The annualized returns generated by ICICI Prudential Multi-Asset Fund have consistently beaten its category average and its benchmark indices (Nifty 200 TRI, Nifty Composite Debt Index, and LBMA AM Fixing Prices). In the last three years, the ICICI Prudential Multi-Asset Fund has experienced a higher standard deviation than the category average, leading to increased volatility.
It has delivered a significantly higher alpha in the past three years than its benchmark and category average, indicating superior performance. Given the nature of the scheme, it has a  high portfolio turnover ratio, which could result in substantial losses if market conditions are unfavorable.
The scheme has had a better Sharpe ratio in the last three years than the category average, which means that it has generated higher returns per unit of risk. The scheme’s investment strategy is focused on long-term growth, so investors should be prepared to hold their investments for several years.

 

How to invest in ICICI Prudential Multi-Asset Fund?

5paisa makes it simple and convenient for users to invest in the ICICI Prudential Multi-Asset Fund Direct-Growth. The procedure is straightforward, can be finished quickly, and does not include any paperwork at any point. Invest a few minutes in carrying out the steps listed below:

Step 1: Log in to your 5Paisa Account. If you do not have one, click the link to register and create a new 5Paisa account in 3 easy steps. Alternatively, you can download the 5Paisa app on your smartphone for Android or IOS and log in from your device.

Step 2: Search for the ICICI Prudential Mutual FundMutual Fund scheme that you want to invest in

Step 3: Select the option that is apt for your requirement and risk appetite

Step 4: Select the investment type – SIP (Systematic Investment Plan) or Lumpsum

Step 5: Input the amount that you’d like to invest and proceed with payment by clicking on the ‘Invest Now’ button

That’s it! This sums up the investment process. Once your payment is successful, you can see the ICICI Prudential Mutual FundMutual Fund reflected in your 5Paisa account in 3-4 working days. If you have selected the SIP option, the chosen amount will get deducted every month starting from the date you have made the payment.

Top 10 ICICI Prudential Mutual Fu

What is the expense ratio of the ICICI Prudential Multi-Asset Fund?

When referring to the ICICI Prudential Multi-Asset Fund Direct-Growth or any other mutual fund, the word “Expense Ratio” refers to the fund’s annual operating expenses as a percentage of its total assets, which can impact a scheme’s returns for investors. A lower expense ratio usually means the fund is less costly and may generate higher returns for the investors.

Who should invest in ICICI Prudential Multi-Asset Fund?

The ICICI Prudential Multi-Asset Fund is suitable for individuals seeking long-term capital growth through investments in multiple asset classes. The scheme can be a great option for individuals new to investing and looking to build their understanding of portfolio diversification across multiple asset classes.

The scheme has consistently been a top performer within its category, delivering an average annual return of around 16% since its inception. It has seen a growth of ₹ 1.57 crore in monthly SIP investments of ₹ 10,000 since its inception, demonstrating its popularity among investors.

The ICICI Prudential Multi-Asset Fund is a good fit for investors with a long-term investment outlook of a minimum of five years and willing to take on a higher level of risk. This scheme invests in a mix of asset classes, offering the potential for higher returns over time. However, it is essential to note that the value of these investments can be volatile and may fluctuate in the short term. As a result, there may be better options for those seeking low-risk investments or having a shorter investment time frame.

What are the benefits of investing in the ICICI Prudential Multi-Asset Fund?

● The ICICI Prudential Multi-Asset Fund has displayed remarkable growth, with its NAV demonstrating a 41-fold increase since its inception.
● The scheme has generated an impressive CAGR of around 16% since its inception.
● It has a history of delivering above-average returns compared to its benchmark and category, as evidenced by its yearly average alpha of 3.4% since 2003.
● Over the past decade, the scheme has consistently delivered positive returns, with no negative years recorded.
● 82% of the time since inception, the scheme’s ten-year returns on a daily basis have been more than 12%.
● The ICICI Prudential Multi-Asset Fund has generated a 2.9% average annual dividend yield since its inception.
● It has the distinct advantage of investing a minimum of 10% in three or more asset classes, providing a diversified portfolio, and reducing overall risk through exposure to different market capitalizations and asset types.

Fund Managers

Sankaran Naren - Investment Team - Fund Manager

Mr Sankaran is in charge of the investment function for the Mutual Fund and International Advisory Business. He graduated from IIT Madras and IIM Kolkata and has worked in the financial services industry in a variety of capacities. In his twelve years as a fund manager, he has managed 29 funds.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

ICICI Prudential Mutual Fund
AUM:
6,41,296 Cr
Address:
One BKC, A-Wing, 13th Floor, Bandra Kurla Complex, Mumbai 400051
Contact:
26525000
Email ID:
enquiry@icicipruamc.com

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Frequently Asked Questions

How to invest in ICICI Pru Multi-Asset Fund – Direct Growth ?

You can invest in ICICI Pru Multi-Asset Fund – Direct Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for ICICI Pru Multi-Asset Fund – Direct Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of ICICI Pru Multi-Asset Fund – Direct Growth ?

The NAV of ICICI Pru Multi-Asset Fund – Direct Growth is ₹677.2 as of 23 February 2024.

How to redeem ICICI Pru Multi-Asset Fund – Direct Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of ICICI Pru Multi-Asset Fund – Direct Growth?

The minimum SIP amount of ICICI Pru Multi-Asset Fund – Direct Growth is ₹100

What are the top sectors ICICI Pru Multi-Asset Fund – Direct Growth has invested in?

The top sectors ICICI Pru Multi-Asset Fund – Direct Growth has invested in are
  1. Debt - 27.94%
  2. Banks - 12.15%
  3. Automobiles - 6.07%
  4. Power - 5.18%
  5. Finance - 5.12%

Can I make investments in both the SIP and Lump Sum schemes of ICICI Pru Multi-Asset Fund – Direct Growth?

Yes, You can select both SIP or Lumpsum investment of ICICI Pru Multi-Asset Fund – Direct Growth based on your investment objective and risk tolerance.

How much returns have ICICI Pru Multi-Asset Fund – Direct Growth generated ?

The ICICI Pru Multi-Asset Fund – Direct Growth has delivered 17% since inception

What is the expense ratio of ICICI Pru Multi-Asset Fund – Direct Growth ?

The expense ratio of ICICI Pru Multi-Asset Fund – Direct Growth is 0.74 % as of 23 February 2024.

What is the AUM of ICICI Pru Multi-Asset Fund – Direct Growth?

The AUM of ICICI Pru Multi-Asset Fund – Direct Growth is ₹6,41,296 Cr as of 23 February 2024

What are the top stock holdings of ICICI Pru Multi-Asset Fund – Direct Growth?

The top stock holdings of ICICI Pru Multi-Asset Fund – Direct Growth are
  1. ICICI Bank - 5.99%
  2. NTPC - 5.18%
  3. Maruti Suzuki - 3.66%
  4. HDFC Bank - 3.49%
  5. Reliance Industr - 2.94%

How can I redeem my investments in ICICI Pru Multi-Asset Fund – Direct Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select ICICI Pru Multi-Asset Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.
Invest Now