This study focuses on the neutronic and burnup assessment of the PWR-based Chinese ACP-100 SMR core. Four different core models with varying fuel compositions and assembly configurations were analyzed using the Monte Carlo code SERPENT 2. Three of these models shared uniformly enriched fuel assemblies of 3 wt.%, 4 wt.%, and 4.45 wt.% 235U respectively, while the fourth model (the proposed design for the ACP-100 in this study) featured a mix of differently enriched fuel assemblies along with the inclusion of burnable absorbers. The burnup analysis of the cores spanned 1570 EFPDs, evaluating several neutronic parameters (beta effective, reactivity coefficients) as well as fuel cycle characteristics (cycle burnup, discharge burnup and cycle length). Changes in the isotopic concentration of fissile, fertile, and poison materials were observed and the assembly-wise linear power distribution, neutron flux spectra, and radial power peaking factors of the models were determined. In the mixed core, a combination of borated water, IFBAs and control rods were employed to achieve exact criticality (unit keff) and uniform power distribution (unit radial power peaking factor). Insertion of control rods into 41 of the 57 assemblies, in conjunction with IFBAs placed strategically, attained a near unit radial power peaking factor (PPF) of 1.0586. Finally, the combination of IFBAs, sol-bor of 936 ppm concentration, and CRs with rod worth of 414.33 pcm per assembly brought down the keff to 1.000, but increased the PPF to 1.117. While the achievement of uniform power distribution came at the cost of fuel burnup, the proposed mixed core successfully remained critical for over 1.5 years and reached a discharge burnup of 23.37 GWd/t for a two-batch refueling scheme.