Crorepati Mutual Fund: A scheme of ICICI Prudential Multicap Fund has made investors rich. If an investor had started a monthly SIP of Rs 10,000 in this mutual fund scheme 30 years ago, then today he would have had a corpus of Rs 9.8 crore.
Crorepati Mutual Fund: If you are thinking of investing in mutual funds for the long term and want a return of crores, then ICICI Prudential Multicap Fund can be a strong option for you. This scheme has made SIP investors crorepatis in the last 30 years.
This fund was launched on October 1, 1994 and it is the oldest scheme of ICICI Prudential Mutual Fund House. If you had started a SIP of Rs 10,000 every month in it 30 years ago, then today your amount would have been around Rs 9.8 crore. On the other hand, if you had invested Rs 1 lakh at once, then today its value would have reached 79 lakhs.
AUM is Rs 15,094 crore
This is a multicap fund, that is, it invests in all types of companies, large, medium and small. The purpose of the fund is to increase capital in the long term. Currently, its assets under management (AUM) is Rs 15,094 crore and its expense ratio is 1.74%, which is lower than the category average (1.96%). It follows Nifty 500 Multicap 50:25:25 TRI as its benchmark.
Where has the scheme invested?
About 94% of this fund is invested in the stock market. It has invested in the country’s top companies like Reliance, ICICI Bank, HDFC Bank, Infosys, SBI, NTPC. The total investment in the top-10 stocks is 31.69%. Overall, the fund invests in 104 companies, which keeps the portfolio diversified.
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