ICICI Prud MF’s fund rises to Rs 5.5 cr from Rs 10 lakh in 21 yrs

New Delhi: ICICI Prudential Mutual Fund’s multi-asset fund has turned into a wealth creator for investors by giving an annualised return of 21 per cent since its inception in October 2002, the company said on Friday. An investor who put in Rs10 lakh at the time of inception would now be sitting on about Rs5.5 crore as of September 30, indicating a CAGR of 21 per cent, according to a statement by ICICI Prudential Mutual Fund.

In terms of SIP performance, a monthly investment of Rs10,000 through the route since the inception on October 31, 2002, which would amount to a total investment of Rs25.2 lakh, would have grown to Rs 2.1 crore as of September 30 this year, showing an annualised return of 17.5 per cent.