This is a miracle! 10 lakhs were installed on the birth of a son, and became the owner of 7.26 crore when he was 22 years old

New Delhi. Every investor wishes that his money will be doubled and four quadruple. However, this is the desire of very few investors. Nevertheless, many times such stocks or mutual funds come in the market, which make kings on seeing their investors. If you are also looking for such an option, then perhaps this mutual fund can become your destination. This fund changed the investment of Rs 10 lakh in just 22 years to Rs 7.26 crore. The only condition is that you stay in this fund for a long time.

Investment Expert says that if you remain in mutual funds for a long time, then it can give you manifold benefits compared to other properties or benchmarks. For example, an investment of Rs 10 lakh has been increased to Rs 7.26 crore in ICICI Prudential Multi Asset Fund, one of the country’s largest multi asset allocation funds, Rs 7.26 crore today. According to the data of economy, in the same period, the same amount has been reduced to only Rs 3.36 crore in its benchmark i.e. Nifty 200 TRI.

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48 percent AUM near this fund
According to the data compiled by Earth, the asset under management of ICICI Prudential Multi Asset Fund has been Rs 59,495 crore. That is, about 48 percent of the total multi asset allocation in the industry is with this fund house. This means that investors have trusted this scheme fiercely. Statistics show that an investment of Rs 10 lakh in ICICI Prudential Multi Asset Fund on 31 October 2002 has been given at the rate of 21.58 per cent of the compound interest annually till 30 September this year. The return of this investment in benchmark Nifty 200 TRI was only 17.39 percent.

Sip made a fund of 3 crore

This fund has also given bumper returns through SIP. As far as investment through SIP is concerned, the monthly investment of Rs 10,000 in this fund has increased to Rs 2.9 crore in 22 years. The amazing thing is that the actual investment is only 26.4 lakh rupees. In this way, if seen, CAGR has received returns at the rate of 18.37 percent. The same investment in the benchmark of the scheme has been successful in giving returns at the rate of 14.68 per cent annually.

How made so much return
Nimesh Shah, MD and CEO of ICICI Prudential AMC, says that the journey of wealth of our funds is a strong proof of the power of disciplined asset allocation in various asset classes. This approach has given big returns to our investors in the long term. In ICICI Prudential Mutual Fund, fund managers of equity, date and commodity together form investment strategies. Fund House Chief Investment Officer S. Naren says that the performance of various asset classes has shown that the top performing stocks often change year after year. This fund invests in equity, date and exchange traded commodity derivatives/Gold ETF Units/Silver ETF Units REITS and Invits.