Mutual Fund: On one hand, while the confidence of mutual funds in the stock market has increased, retail investors are also attracted towards hybrid funds. In the last few years, ICICI Prudential Mutual Fund has created a special identity in the hybrid sector. ICICI Prudential’s Aggressive Hybrid Fund scheme invests at least 65% in equities and the remaining 20-35% in debt. ICICI Prudential Equity & Debt Fund has given returns of 25.88% CAGR in 3 year period and 20.69% CAGR in 5 year period. If seen in terms of investment, a lump sum investment of Rs 1 lakh on November 3, 1999 becomes approximately Rs 34.4 lakh by April 30, 2024. That means returns have been received at the rate of CAGR of 15.54%.
Balanced Advantage Fund
Similarly, 17-year-old ICICI Prudential Balanced Advantage Fund (BAF) has also been a better performer in the long term. The fund dominates this category and helps in buying shares at low prices and selling them at high prices. The fund has given a CAGR of 13.49% in 3 year period and 12.83% CAGR in 5 year period. A lump sum investment of Rs 1 lakh on December 30, 2006 becomes approximately Rs 6.5 lakh by April 30, 2024, i.e. a CAGR return of 11.40%.
There was a rush to buy shares worth ₹23, the company’s profit increased by 523%.
This multibagger share will fall by 35%, experts said – sell it, now the price will fall
Multi-Asset Fund
Talking about ICICI Prudential Multi-Asset Fund, it has given returns at the rate of 24.69% CAGR in 3 years period and 19.65% CAGR in 5 years period. An investment of Rs 1 lakh on October 31, 2002, has yielded returns of approximately Rs 65.42 lakh by April 30, 2024, or a CAGR of 21.45%.
Mutual funds trust Indian shares
The confidence of the mutual fund industry (MF) on the Indian stock market is increasing. This year the mutual fund industry showed strong confidence in stocks and invested around Rs 1.3 lakh crore. Let us tell you that the mutual fund made the maximum purchases in March 2024 and the net investment during this period was Rs 44,233 crore. They invested Rs 14,295 crore in February and Rs 23,010 crore in January. According to the data, mutual fund investment in equity will reach about Rs 1.3 lakh crore in 2024 (till May 16).
