Miracle of SIP: Rs 10,000 turns into Rs 28.73 lakh in 10 years, this is how you got the benefit

If long term investment is made in SIP i.e. Systematic Investment Plan by making the right strategy, then it can give you good returns. One such fund is ICICI Prudential's Multi-Asset Fund. This fund has given strong returns to investors in the long term.

SIP i.e. Systematic Investment Plan is not called the king of long term investment for nothing. The fund about which we are going to tell you today has given strong returns to the investors in the long term. The Systematic Investment Plan (SIP) of this fund has given investors 23.0%, 21.8% and 16.6% returns (XIRR) in the last three, five and 10 years. That means, on a SIP investment of Rs 10,000 made every month in the last 10 years, a fund of about Rs 28.73 lakh has now been created.

Despite the volatility in recent times, major benchmark indices of the stock market are close to their all-time highs. Interest rates in advanced and emerging economies are also at high levels as central banks are grappling with inflation fears. There has been a good rise in gold. Given that there is no clear direction for the markets, investors, especially new ones, will find it difficult to enter the market.

Making investors rich for 21 years

ICICI Prudential Multi-Asset Fund (MAF) is one of the best funds in its category and given its consistent performance for more than 21 years, it has emerged as a great option for investors. The fund has recorded the best performance in the last few years among multi-asset hybrid category schemes by delivering 21.13% compounded annual return (till August 31, 2023) since its inception in October 2002 (earlier ICICI Prudential Dynamic) Is.

This is how you get benefits

Building a portfolio and investing in multiple assets ensures the best risk adjusted returns in the long run. Mainly multi-asset approach means investing in equity, debt and gold. The movements in these three assets are not related to each other because their movements are different. When a multi-asset approach is adopted, you get portfolio diversification and appropriate asset allocation based on the approach of the fund manager. Investors will also have the opportunity to participate in the uptrend across various asset classes and cushion the decline during volatile markets.

Funds like ICICI Prudential Multi-Asset are suitable for both lump sum and SIP investments. ICICI Prudential Multi-Asset Fund has not only delivered top-level returns over years and decades, but also has a consistent performance and has held its own across market cycles. Have a track record.

Strong returns in long term

When rolling returns are taken to measure stability, ICICI Prudential Multi-Asset Fund leads on that scale as well. The fund has given an average return of 17% based on five-year rolling returns over the last 20 years (August 31, 2003 to August 31, 2023). When three-year rolling returns are taken over the same 10-year period, the fund has given an average return of 19.6%. Thus, across all periods, ICICI Prudential Multi-Asset Fund has consistently delivered strong returns. This fund is controlling the risk better than the market.