The ICICI Prudential Multi Asset Fund is an open-ended equity-linked savings plan offered by ICICI Prudential Life Insurance. The fund aims to generate long-term wealth creation by investing in a mix of equities, corporate debt, and other securities. It has a moderate risk profile, making it suitable for investors with a medium-term perspective.
The fund has a portfolio of 41.51% in equities, 34.86% in corporate debt, 14.41% in government securities, and 9.22% in cash and cash equivalents. The fund has a track record of steady returns, with a 5-year return of 12.65%, and a 3-year return of 10.15%.
The fund’s performance has been consistent, with a standard deviation of 3.62% over 3 years, indicating lower volatility. The fund’s expense ratio is 1.45%, which is higher than the average expense ratio of the industry. Overall, the ICICI Prudential Multi Asset Fund is a decent option for investors seeking a stable, long-term investment with a mix of asset allocation. However, investors should consider their individual financial goals, risk tolerance, and time horizon before investing in the fund.
