ICICI Prudential Multi Asset Fund - Aiming Multiple Benefits With A Single Arrow

ICICI Prudential Multi Asset Fund by ICICI Prudential Mutual Fund is an open-ended scheme that invests mainly in equity, debt, Gold ETF, etc. As the name suggests, it is a multi-asset fund which started on October 31st, 2012.

It was formerly known as ICICI Prudential Dynamic Plan. This scheme is suitable for those investors who are willing to invest in a scheme that leads to capital appreciation and income generation by investment in different classes of assets.  It invests in at least three asset classes with a minimum of 10% investment in each class, i.e.,you get a chance to invest in a variety of stocks at the same time. It helps you save time by letting you be free from managing the portfolio as this work is in the experienced hands of the fund managers.

ICICI Prudential Multi Asset Fund is jointly managed by three fund managers.

• Mr. Sankaran Naren - He has a B.Tech degree from IIT, Chennai and M.B.A.(Finance) from IIM, Kolkata. He has been working in this scheme since February, 2012. He is managing many other schemes as well.
• Mr. Ihab Dalwai - He is a Chartered Accountant and is working with ICICI Prudential AMC since April 2011. He is managing this scheme since June, 2017.
• Mr. Anuj Tagra - He has done his graduation from Guru Gobind Singh Indraprastha University and M.B.A. from Narsee Monjee Institute of Management Studies. He has been managing this fund since May, 2018.

If you wish to invest in this multi asset scheme, then you can start doing so by making a minimum investment of Rs. 5000 in lump sum. In case you are willing to opt for SIP mode of mutual fund investment, you can start with a minimum amount of Rs. 1000.

The top three sectors in which ICICI Prudential Multi Asset Fund has made its investment are Energy, Financial, and Technology. Its benchmark is NIFTY 50 and on comparing it to its benchmark, it has invested less in all the three sectors, specially the financial one.

The top three companies in which it has its maximum investment are ICICI Bank (Financial), NTPC (Energy), and Infosys Ltd. (Technology) with 4.41%, 4.32% and 4.06% allocation, respectively.

The NAV of ICICI Prudential Multi Asset Fund Growth is Rs. 250.7709 as on June 05, 2018. Its AUM was recorded Rs. 11,729 crore as on April 30, 2018, and it has invested 63.33% in equity, 24.46% in debt, and 12.21% in other instruments.

The risk involved in this scheme is moderately high, but still the standard deviation was recorded as 12.63% as on May 31, 2018; which is about a percent less as compared to NIFTY 50 which was 13.52%.

If you are an investor who is looking for a scheme that invests in multi assets, then you can invest in ICICI Prudential Multi Asset Fund. To do so online, simply log on to www.mysiponline.com. and start investing. As it is said, “The essence of the beautiful is unity in variety”.