ICICI Prudential Mutual Fund: Turn Rs. 1 Lakh into Rs. 65 Lakhs! This Investment Strategy Guarantees 21% Annual Returns!

ICICI Prudential’s Aggressive Hybrid Fund invests 65% in equity. It is suitable for investors with relatively higher risk-taking capacity. ICICI Prudential Equity & Debt Fund gave a return of 25.88% over a period of 3 years.

Small investment and bumper returns is the biggest wish of any investor. Every investor wants to get maximum interest on minimum money and there is no risk. If you are also looking for such an option, then hybrid funds can be the best option. There are some hybrid funds in the market that have converted Rs, 1 lakh into Rs. 65 lakh in 22 years and the risk has been negligible. During this period, the fund has given an annual return of more than 21 percent. Hybrid funds provide a much-needed diversified investment option for retail investors.

Over the years, one of the leading names in the hybrid space has been ICICI Prudential Mutual Fund, which has excelled in building its portfolio. Its offerings across all categories have emerged as top performers when it comes to wealth creation.
ICICI Prudential’s Aggressive Hybrid Fund scheme invests at least 65% in equity and the remaining 20-35% in debt. It is suitable for investors with relatively higher risk appetite. ICICI Prudential Equity and Debt Fund, a consistent performer in this category, has given a return of 25.88% in a period of 3 years and 20.69% in 5 years. If a lump sum investment of Rs. 1 lakh was made on November 3, 1999, it would have become around 34.4 lakhs by April 30, 2024. Even in this long period, it has got an annual return of 15.54%.

Also Read: Unlock the Basics of Mutual Funds: Guide For Beginners!

Balanced Fund Also Filled the Bag

Similarly, the 17-year-old ICICI Prudential Balanced Advantage Fund (BAF) is an excellent performer. The fund has delivered a CAGR of 13.49% over a 3-year period and a CAGR of 12.83% over a 5-year period, outperforming volatile markets. A lump sum investment of Rs. 1 lakh on December 30, 2006 would have become around Rs. 6.5 lakh by April 30, 2024, i.e. a return of 11.40% per annum.

Multi Asset Fund Made me Rich

The multi asset category offers a mix of equity, debt, gold/silver, REIT, InvIT, etc. within a single fund. The largest and oldest fund in this category is ICICI Prudential Multi-Asset Fund. This fund has given a return of 24.69% CAGR over a period of 3 years and 19.65% CAGR over a period of 5 years. An investment of Rs. 1 lakh on October 31, 2002, grew to around Rs. 65.42 lakh by April 30, 2024, giving an annual return of 21.45%.

Saving Funds Have Low Risk and High Interest

Equity savings funds are better for those who prefer low risk. In the equity portion, funds use derivatives, thus reducing the risk profile of exposure. Such funds offer better returns than debt but lower returns than equity for investors. It has given 8.27% annualized returns over a period of 3 years and 8.03% annualized returns over a period of 5 years.