Ready to become a Crorepati? ICICI Prudential Multicap Fund's spectacular 30-year returns showcase its potential!
Ancient ICICI Mutual Fund Transforms Small monthly SIP of Rs 10,000 into nearly Rs 100 crore; Initial lump sum investment of Rs 1 lakh multiplies 79 times over.
If you're on the hunt for the perfect long-term investment in mutual funds, then look no further than ICICI Prudential Multicap Fund! This stellar fund, the oldest in the ICICI Prudential Mutual Fund House, has been a gold mine for investors since its launch in 1994.
The proof is in the pudding - if you had started a monthly SIP of ₹10,000 way back in 1994, that initial investment would be worth a whopping ₹9.8 crore today! And if you had made a one-time investment of ₹1 lakh in October of 1994, you would now have a corpus of ₹79 lakh.
ICICI Prudential Multicap Fund is a multicap category mutual fund, and its primary objective is to generate capital appreciation by investing in large, mid, and small cap stocks across various sectors. Keep in mind that this objective is not guaranteed every time. The current asset size of this fund is a substantial ₹15,094.86 crore, and its expense ratio is a competitive 1.74%, which is lower than the category average of 1.96%. ICICI Prudential Multicap Fund follows Nifty 500 Multicap 50:25:25 TRI as its benchmark.
A Winning Portfolio for the Long Haul
ICICI Prudential Multicap Fund's investment strategy is focused on a well-diversified portfolio. The fund's top 10 holdings feature big-name companies like ICICI Bank, Reliance Industries, HDFC Bank, Axis Bank, Sun Pharma, Hindustan Unilever (HUL), Infosys, Larsen & Toubro (L&T), NTPC, and SBI, representing a total investment of 31.69%.
Putting Your Savings to Work
Long-term, disciplined investing is the key to creating substantial wealth through mutual funds. ICICI Prudential Multicap Fund's stellar returns are a testament to this concept. For example, a monthly SIP of ₹10,000 run for 30 years would amass a sum of ₹9.8 crore, while a one-time investment of ₹1 lakh made in October 1994 would grow to ₹79 lakh today.
Expand Your horizons! Explore other top-performing long-term funds in India
- Nippon India Small Cap - Small cap focus, strong historical growth.
- Quant Infrastructure - Sectoral focus on infrastructure with excellent long-term returns.
- Motilal Oswal Midcap Fund - Balanced approach with competitive long-term growth.
- SBI PSU Fund - Thematic fund focusing on public sector companies.
- Mirae Asset ELSS Tax Saver - Top-performing ELSS fund offering both tax-saving benefits and growth potential.
In sum, ICICI Prudential Multicap Fund is an excellent choice for investors seeking to create substantial wealth over the long term by investing in a diversified selection of equities. Its consistent track record and risk management strategies make it a reliable option for your SIP or lump sum investment over the next 10-20 years.
Looking to build wealth by invested wisely? Explore the potential of ICICI Prudential Multicap Fund and other long-term investment options available today. Together, you can achieve great returns and financial freedom!
Invest Smart, Build Wealth! 💼💰📈
- The ICICI Prudential Multicap Fund aims to generate capital appreciation by investing in a mix of large, mid, and small cap stocks across various sectors.
- This fund's investment strategy is centered around a well-diversified portfolio with top holdings including companies like ICICI Bank, Reliance Industries, and HDFC Bank.
- By investing in ICICI Prudential Multicap Fund, you could be building a substantial portfolio over the long term, as demonstrated by its impressive 30-year returns.
- Managing your personal-finance through disciplined long-term investing in funds like ICICI Prudential Multicap Fund can lead to financial freedom and wealth creation.
