ICICI Prudential Multi Asset Fund Direct Growth

ICICI Prudential Multi Asset Fund Direct Growth

Hybrid

Direct

Multi Asset Allocation

NAV as on 10-12-2024

₹ 778.24

0.3%

1D

Inception Returns

17.2%

/yr

About ICICI Prudential Multi Asset Fund Direct Growth

ICICI Prudential Multi Asset Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Ihab Dalwai, Sankaran Naren, Akhil Kakkar, Manish Banthia. This fund gives you the benefit of diversification.

Key Parameters

  1. ICICI Prudential Multi Asset Fund Direct Growth has ₹50988 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

ICICI Prudential Multi Asset Fund Direct Growth has given a CAGR return of 17.19% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 22.93%, 20.63% and 22.34% respectively.

Holdings

ICICI Prudential Multi Asset Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Consumer Cyclical, Basic Materials, Energy, Industrial, Health, Tech, Consumer Defensive, Government, Utilities, Communication, Real Estate.

Taxation

As it is a multi asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of ICICI Prudential Multi Asset Fund Direct Growth

To generate capital appreciation for investors by investing predominantly in equity and equity related instruments and income by investing across other asset classes. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential Multi Asset Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
10021 people have invested ₹ 22.2Cr in ICICI Prudential Multi Asset Fund Direct Growth in the last three months

ICICI Prudential Multi Asset Fund Direct Growth Overview

Expense ratio0.69%
Benchmark
IISL Nifty 200 TR INR
AUM₹50988 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
35.89%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (10-Dec-24)

Period
ICICI Prudential Multi Asset Fund Direct Growth
Multi Asset Allocation Index
1M
0.9%
-
3M
0.4%
-
6M
6.1%
-
1Y
22.9%
-
3Y
20.6%
-
5Y
22.3%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 51.1%

  • Debt & Cash 43.9%

Large cap
52%

Mid cap
10.8%

Small cap
3.2%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
33.5%
Consumer Cyclical
12%
Energy
9.2%
Basic Materials
8.8%
Industrial
7.5%
Health
7.3%
Tech
7%
Utilities
6.1%
Consumer Defensive
5.1%
Communication
2.3%
Real Estate
1.3%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 50.6K Cr
₹ 50.5K Cr
₹ 48.2K Cr
  • AUM of the fund stands at 50.6K Cr as of Oct'24
  • AUM increased by 152.9 Cr between Oct'24 and Sep'24

Top 3 Sectors in October were Financial Services, Corporate & Consumer Cyclical

Oct'24
Financial Services
33%
Corporate
18%
Consumer Cyclical
12%
Sep'24
Financial Services
33%
Corporate
18%
Consumer Cyclical
12%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
194
194
165
Top 5 Company Concentration
20%
20%
20.6%
Company having highest exposure
HDFC Bank Ltd (4.7%)
HDFC Bank Ltd (4.7%)
HDFC Bank Ltd (4.9%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
81.8%
81.8%
76%
Sector having highest exposure
Financial Services (33.5%)
Financial Services (33.5%)
Financial Services (32.2%)
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Ihab Dalwai
Ihab Dalwai
Fund Manager of ICICI Prudential Multi Asset Fund Direct Growth, since 3 June 2017
Sankaran Naren
Sankaran Naren
Fund Manager of ICICI Prudential Multi Asset Fund Direct Growth, since 1 February 2012
Akhil Kakkar
Akhil Kakkar
Fund Manager of ICICI Prudential Multi Asset Fund Direct Growth, since 22 January 2024
Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Multi Asset Fund Direct Growth, since 22 January 2024
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.35L Cr
as on 31-Oct-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

Mutual Fund Insights

Insights icon
In the last 3 years, Quant Multi Asset Fund Growth Option Direct Plan has given 21.97% return, outperforming this fund by 1.34% per annum.
Insights icon
In the last 1 year, Quant Multi Asset Fund Growth Option Direct Plan has given 34.42% return, outperforming this fund by 11.49%.
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This fund with AUM at ₹50987.94Cr is among the largest funds in the multi asset allocation category.
Insights icon
This fund has one of the lowest expense ratio in the category (multi asset allocation). Its expense ratio is 0.69% which is lower than the category average expense ratio of 1.21%.
Insights icon
Over the last 1 year, this fund has decreased expense ratio by 31.0% moving from 1.00 to 0.69.
Insights icon
Over the last 6 months, this fund has experienced a 23.1% growth in AUM moving from 41.15K Cr to 50.64K Cr.
Insights icon
In the last 5 years, Quant Multi Asset Fund Growth Option Direct Plan has given 30.18% return, outperforming this fund by 7.84% per annum.

ICICI Prudential Multi Asset Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 17.19% since inception which is more than its category average return of 13.75%
Fund Allocations

Fund Allocations

This fund has an allocation of 51.08% in Equity, 9.12% in Debt and 34.82% in Cash related instruments
AUM size ₹50988 Cr

AUM size ₹50988 Cr

This fund has AUM of ₹50988 Cr which is more than its category average of ₹ 3893 Cr
Expense Ratio 0.69%

Expense Ratio 0.69%

This fund has an expense ratio of 0.69% which is less than its category average expense ratio of 1.2%

Frequently Asked Questions for ICICI Prudential Multi Asset Fund Direct Growth

The current NAV of ICICI Prudential Multi Asset Fund Direct Growth is ₹778.24 as on 10-Dec-2024.
Existing (Absolute + CAGR) as on 10-Dec-2024.
ICICI Prudential Multi Asset Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.95%
0.95%
6 Month Returns
6.15%
6.15%
1 Year Returns
22.93%
22.93%
3 Years Returns
75.54%
20.63%
5 Years Returns
174.08%
22.34%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.69% as on November 2024
₹50988 Cr as on November 2024
ICICI Bank Ltd(4.76%), Maruti Suzuki India Ltd(3.92%), HDFC Bank Ltd(3.52%), ICICI Prudential Silver ETF(3.18%), Reliance Industries Ltd(2.88%) as on November 2024
Cash Equivalent(37.47%), Financial Services(16.74%), Corporate(8.53%) as on November 2024
AAA
75.54
AA
22.48
A
1.98
Ihab Dalwai, Sankaran Naren, Akhil Kakkar, Manish Banthia are the fund managers of ICICI Prudential Multi Asset Fund Direct Growth
The Exit load of ICICI Prudential Multi Asset Fund Direct Growth is 1%