ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund is the second largest asset management company in India.[3][4] ICICI Prudential Mutual Fund was established in 1993. [5]

ICICI Prudential Mutual Fund
TypePublic
IndustryMutual Funds
Founded1993
HeadquartersMumbai, India
Area served
India
Key people
  • Mr. Nimesh Shah[1]
    (MD & CEO)
  • Mr. S. Naren[2]
    (Chief Investment Officer)
  • Mr. Rahul Goswami
    (Chief Investment Officer - Fixed Income)
ProductsMutual Fund, Portfolio Management Services, Advisory Services, Real Estate Investments
AUM ₹305,739 crore (US$43 billion)
(31 March 2018)
Number of employees
2000-2500
Websitewww.icicipruamc.com

History

Origin

The AMC is a joint venture between ICICI Bank in India and Prudential Plc, one of UK’s largest players in the financial services sectors.[5]

With its Corporate Office based in Bandra Kurla Complex, Mumbai, India the AMC has witnessed substantial growth in scale; from 2 locations and 6 employees at the inception of the joint venture in 1998, to a current strength of more than 1000 employees with around 120 locations with an investor base of more than 1.9 million investors.[6]

Products & Services

The AMC manages significant Assets under Management (AUM) in the Mutual Fund segment across asset classes. The AMC also caters to Portfolio Management Services and Real Estate Division for investors, spread across the country, along with International Advisory Mandates for clients across international markets.[7][8]

Mutual Fund

The Mutual Fund caters primarily to retail investors.[9]

Portfolio Management Services

The Portfolio Management Services allow high net worth investors to invest in a more concentrated portfolio aiming at higher returns. In the year 2000, ICICI Prudential AMC was the first institutional participant to offer the service, and has now got a successful track record of over 10 years.[10]

Real Estate Business

The Real Estate division caters to high net worth investors and domestic institutional investors, with ICICI Prudential AMC starting the Real Estate Investment Series Portfolio in the year 2007.[11]

Major Competitors

A few of the competitors for ICICI Prudential Mutual Fund in the mutual fund sector are HDFC Mutual Fund, Kotak Mutual Fund, Reliance Mutual Fund, SBI Mutual Fund, Axis Mutual Fund, Birla Sun Life Mutual Fund, and UTI Mutual Fund.[12]

References
  1. "Budget 2016 must look at innovative ways to create demand & jobs, improve trade". Economic Indiatimes. 12 February 2016. Retrieved 19 February 2016.
  2. "This is a great year for mutual fund investors, a bad year for traders: S Naren, ICICI Prudential AMC". Economic Indiatimes. 12 February 2016. Retrieved 19 February 2016.
  3. "Average AUM". AMFI India. Retrieved 18 February 2016.
  4. "ICICI Prudential Long Term Equity: Top-class performer, consistently". The Hindu - BusinessLine. 13 February 2016. Retrieved 19 February 2016.
  5. "TOP 10 AMC IN INDIA". 5 Dariya News.
  6. "Mutual Fund". ICICI Prudential AMC. Retrieved 18 February 2016.
  7. "About ICICI Prudential Mutual Funds". ICICI Prudential AMC. Retrieved 18 February 2016.
  8. "Nimesh Shah, MD and CEO, ICICI Prudential Asset Management Views on Current State of Market". Indian SHare Tips. Retrieved 23 February 2016.
  9. "Q & A: Nimesh Shah, MD & CEO, ICICI Prudential AMC". Mutual Fund News Group. 13 October 2010. Retrieved 23 February 2016.
  10. "PMS (Portfolio Management services)". ICICI Prudential AMC. Retrieved 18 February 2016.
  11. "About Real Estate Investment". ICICI Prudential AMC. Retrieved 18 February 2016.
  12. "Top Fund Houses". NDTV Profit. 18 February 2016. Retrieved 18 February 2016.
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