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ICICI Pru Multicap Fund Delivers Positive Returns Every Year Over the Last Decade

09 April 20246 mins read by Angel One
Multicap funds give investors a mix of different-sized companies, so they can balance risk and potential growth better.
ICICI Pru Multicap Fund Delivers Positive Returns Every Year Over the Last Decade
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Investment decisions can indeed be complex, often entailing a series of challenging questions that demand careful consideration. One such dilemma frequently encountered by investors is the choice between stability and growth when selecting mutual funds. Should one opt for large-cap funds for stability or small-cap schemes for aggressive growth, or select any mid-cap schemes?

The best solution for investors seeking a combination and investment across categories of companies, such as large, mid, and small-cap companies, is to consider multicap funds. They give investors a mix of different-sized companies, so they can balance risk and potential growth better.

In this article, we are going to explore one Multicap Fund that has performed exceptionally well by delivering positive returns to its investors each year over the past decade.

ICICI Pru Multicap Fund

The ICICI Prudential Multicap Fund, managed by Anand Sharma, Sharmila D’mello, and Sankaran Naren, was launched on October 1, 1994. As of February 29, 2024, it boasts an expense ratio of 1.77%, which is lower than the category average of 2%. The fund’s benchmark is the NIFTY 500 Multicap 50:25:25 Total Return Index.

Objective: The objective of the scheme is to generate capital appreciation through investments in equity and equity-related instruments across large-cap, mid-cap, and small-cap stocks of various industries. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Fund Size and NAV: As per the latest update, the ICICI Pru Multicap Fund has an Asset Under Management (AUM) size of Rs 11,180.25 crore. Additionally, the Net Asset Value (NAV) of the fund stands at Rs 681.11 as of April 1, 2024.

Minimum Amount: For investors interested in systematic investment plans (SIP), the minimum amount required is Rs 100. For one-time investments, the minimum initial investment amount stands at Rs 5000, whereas subsequent additional purchases require a minimum of Rs 1000. Being an Open-Ended Fund, investors have the flexibility to invest at any time.

Exit Load: It’s worth noting that the fund imposes an exit load of 1.0% on the sell value if redeemed before 365 days.

Investment Diversification: The fund has 93.11% of its investments in domestic equities, with 43.3% in Large Cap stocks, 21.74% in Mid Cap stocks, and 13.55% in Small Cap stocks. Additionally, 0.27% was allocated to Debt, primarily in Government securities at 0.26%.

Suitable for: The fund is ideal for investors aiming for high returns over 5 years, yet willing to accept moderate risks and potential losses on their investments.

Taxation: If sold after 1 year from the purchase date, long-term capital gain tax will be applicable. The current tax rate is 10% if your total long-term capital gain exceeds 1 lakh. If sold before 1 year from the purchase date, short-term capital gain tax will be applicable. The current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Peer Comparision:

Out of the approximately 38 schemes analyzed in the multicap category, around 14 schemes have been in existence for more than 10 years. Among these, the ICICI Pru Multicap Fund stands out as the only fund that has consistently delivered positive returns over the past decade. Below are the fund’s performance details for the last 10 years:

Scheme Name

Returns %

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
ICICI Pru Multicap Fund(G) 49.82 3.08 10.14 28.01 0.21 5.99 9.21 36.38 4.65 35.38
Bandhan Focused Equity Fund Reg(G) 32.23 -4.77 1.78 54.42 -12.72 8.91 14.9 24.59 -5.02 31.3
Axis Focused 25 Fund Reg(G) 38.75 3.91 4.56 45.15 0.64 14.65 21.01 24 -14.5 17.24
Taurus Ethical Fund Reg(G) 42.65 3.01 -2.08 31.15 -1.05 4.09 28.14 28.88 -2.32 28.4
Baroda BNP Paribas Multi Cap Fund Reg(G) 46.54 -1.56 2.3 36.8 -11.95 8.89 19.52 47.86 -3.03 30.81
Sundaram Multi Cap Fund(G) 49.36 2.76 6.41 48.73 -8.67 3.94 15.01 46.28 -1.57 31.09
DSP Focus Fund Reg(G) 49.92 1.98 6.14 29.22 -5.56 18.03 8.96 22.27 -4.46 34.17
HDFC Focused 30 Fund(G) 51.45 4.99 2.1 38.74 -14.63 3.77 4.19 40.11 18.29 29.58
SBI Focused Equity Fund Reg(G) 58.01 4.33 2.22 44.73 -3.81 16.06 14.54 42.98 -8.49 22.23
Nippon India Multi Cap Fund(G) 59.67 0.51 -6.67 40.87 -2.19 2.2 0.04 48.91 14.12 38.13
Quant Active Fund(G) 67.06 12.79 -1.52 38.24 -1.28 3.97 43.55 55.64 10.44 24.88
Invesco India Multicap Fund(G) 72.11 6.73 0.69 46.15 -12.51 4.61 18.82 40.66 -2.2 31.8
Franklin India Focused Equity Fund(G) 79.58 1.49 4.95 37.44 -8.76 10.9 10.86 39.41 8.87 23.46

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Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. 

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