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ICICI Prudential Multi-Asset Fund Direct Plan Growth
NAV (Thu Jul 25 2024)
₹754
Returns (Since Inception)
24.23%
Category Average
0.00%
Rating
NA
Allocation and Holdings
Asset class
Weightage
Unknown
9.30%
Financial Services
12.19%
Utilities
4.04%
Consumer Cyclical
3.52%
Energy
3.05%
Technology
2.58%
Healthcare
2.20%
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Overall rating
Scheme Information
Fund name
ICICI Prudential Multi-Asset Fund Direct Plan Growth
Minimum SIP
100
Risk Level
Very High Risk
AUM
₹43928.78 Cr
ISIN
INF109K015K4
Inception Date
Jan 01 1970
Standard Deviation
7.626
Beta
-
Sharpe Ratio
2.191
Benchmark
Nifty Composite Debt Index PR INR
Expense Ratio
0.740%
Exit Load
NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 10% of the units (the limit) purchased or switched within 1 year from the date of allotment. 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit 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.
Risk
Very High Risk
Investment Objective
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.
Fund Managers
Sankaran Naren
Anuj Tagra
Ihab Dalwai
Priyanka Khandelwal
Sri Sharma
Gaurav Chikane
About the AMC
ICICI Prudential Asset Management Company Limited
Phone Number
+91 22 26428000Email Address
enquiry@icicipruamc.comCorporate Office Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)Overall AUM
₹43928.78 Cr
Website
www.icicipruamc.comPopular Hybrid Funds
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frequently asked questions
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What is the current NAV of ICICI Prudential Multi-Asset Fund Direct Plan Growth?
The NAV of ICICI Prudential Multi-Asset Fund Direct Plan Growth is ₹754 as of Thu Jul 25 2024.
Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.
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Who is the fund manager of ICICI Prudential Multi-Asset Fund Direct Plan Growth?
Sankaran Naren is the current fund manager of ICICI Prudential Multi-Asset Fund Direct Plan Growth as on Sat Jul 27 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.
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What is the expense ratio of ICICI Prudential Multi-Asset Fund Direct Plan Growth?
The Expense Ratio of ICICI Prudential Multi-Asset Fund Direct Plan Growth is 74.00% as of Sat Jul 27 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 74.00% of those returns will be retained by the AMC.
The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).
Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.
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What is the minimum SIP amount of ICICI Prudential Multi-Asset Fund Direct Plan Growth?
The minimum Systematic Investment Plan (SIP) amount required for ICICI Prudential Multi-Asset Fund Direct Plan Growth is ₹100. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.
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What is the minimum lump sum amount required to invest in ICICI Prudential Multi-Asset Fund Direct Plan Growth?
To initiate a lump sum investment in ICICI Prudential Multi-Asset Fund Direct Plan Growth, a minimum initial amount of ₹5,000 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.
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What is risk category of the ICICI Prudential Multi-Asset Fund Direct Plan Growth?
In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of ICICI Prudential Multi-Asset Fund Direct Plan Growth is classified as Very High Risk.
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What is the category of ICICI Prudential Multi-Asset Fund Direct Plan Growth?
The category of the ICICI Prudential Multi-Asset Fund Direct Plan Growth is Allocation.
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