If you are doing SIP If you continue to invest for a long time through ICICI Prudential, then no one can stop you from becoming rich. This is because many better mutual fund schemes have given great returns to investors in the last few years. Today we are telling you about one such mutual fund scheme. Today we are talking about ICICI Prudential Multi Asset Fund. This scheme was launched by ICICI Prudential Mutual Fund on October 31, 2002. If an investor had invested ₹ 1 lakh by June 30, 2024, then his investment would have become ₹ 1.32 lakh in just one year. This investment would have become ₹ 1.88 lakh in a period of three years and ₹ 2.48 lakh in half a decade i.e. five years. If someone had invested the same amount at the time of launch i.e. in October 2002, then the investment of Rs 1 lakh would have now increased to Rs 6.8 lakh.
SIP is a wonderful thing
Suppose an investor decided to invest Rs 10,000 every month through SIP in this mutual fund scheme, then by investing only Rs 1.2 lakh, the investment would have grown to Rs 1.39 lakh in one year. Now, if the investor continued this SIP for 3 years, then by investing only Rs 3.6 lakh, the investment would have grown to Rs 5.13 lakh. Similarly, in five years, one would have accumulated Rs 11.12 lakh by investing only ₹6 lakh. In seven years, this investment would have grown to Rs 17.52 lakh by investing ₹8.4 lakh. If the investment continued from October 2002 till now, the investment of Rs 26.10 lakh would have grown to Rs 2.67 crore today.
Invest for the long term
As mentioned earlier, the longer the period, the higher the returns. What if the SIP is continued for a decade i.e. 10 years? Then the investment will grow to ₹30.32 lakh. And in 15 years time, by investing ₹18 lakh through SIP, the investment would have grown to ₹69.37 lakh.
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