ICICI Prudential Multi-Asset
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Min amount: 1000
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|Risk||Moderately High risk|
|Fund Type||Multi Asset Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|Gold (995 Purity) ^||13.87%|
|Bharti Airtel Ltd||7.01%|
|ICICI Bank Ltd||6.87%|
|Oil & Natural Gas Corp Ltd||5.02%|
|Hindalco Industries Ltd||3.85%|
|State Bank of India||3.2%|
|Sun Pharmaceuticals Industries Ltd||3.1%|
About ICICI Pru Multi-Asset Fund
The ICICI Pru Multi-Asset Fund as the name suggests is a fund that invests in various asset classes. This open-ended scheme invests in equity, debt, Gold/Gold ETF/units of REITs & InvITs and across similar asset classes. The fund is suitable for capital appreciation by asset allocation in equity and defensive instruments during volatile market conditions.
Pros & Cons of ICICI Pru Multi-Asset
ICICI Pru Multi-Asset Fund offers the following benefits:
- ICICI Pru Multi-Asset invests in equities with large, medium, and small market caps.
- The fund uses defensive strategy by avoiding expensive sectors during bullish markets and may even turn portfolio into cash during bearish conditions.
- The portfolio manager also uses hedging during volatile markets. The fund will comparatively decline less during a bear market due to its investing strategies.
Fund Information and Statistics of ICICI Pru Multi-Asset
i) Inception / Launch date
The ICICI Pru Multi-Asset Fund was launched on October 31, 2002, by ICICI Pru AMC. Earlier, the fund was known as ICICI Prudential Dynamic – Growth
ii) Risk level
ICICI Pru Multi-Asset Fund is a moderately high-risk bet and suitable for investors who want exposure to the equity market but would like to protect their capital.
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from the date of receipt of a request.
iv) Fund Manager
ICICI Pru Multi-Asset Fund is managed by Sankaran Naren (Feb 2002), Ihab Dalwai (June 2017), and Anuj Tagra (May 2018).
v) Entry / Exit load
The fund house does not charge any entry load but charges 1% exit load if redeemed within one year of allotment. There is no exit load if redeemed after a year of allotment.
Tax benefits of investing in ICICI Pru Multi-Asset
The Short-term capital gain tax will be levied at the rate of 15% if units are held for less than 36 months. Long-term capital gains , in excess of Rs 1 Lakh, will be taxed at 10% without indexation if units are held for more than 36 months.
About ICICI Mutual Fund
ICICI Mutual Fund was amalgamated under the Companies Act of 1956, on December 10, 1999. Later, it was approved to act as an Asset Management Company for the HDFC Mutual Fund by SEBI. The registered office of the HDFC AMC is located at Ramon House, 3rd Floor, H.T. Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai - 400 020.
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Min amount: 1000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns