ICICI Prudential Mutual Fund
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Type | Public |
---|---|
Industry | Mutual Funds |
Founded | 1993 |
Headquarters | Mumbai, India |
Area served | India |
Key people | |
Products | Mutual Fund, Portfolio Management Services, Advisory Services, Real Estate Investments |
AUM | ![]() (31 March 2018) |
Number of employees | 2000–2500 |
Website | www |
ICICI Prudential Mutual Fund is the second largest asset management company in India.[3][4] ICICI Prudential Mutual Fund was established in 1993. [5]
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 allows 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, Nippon India Mutual Fund, SBI Mutual Fund, Axis Mutual Fund, Birla Sun Life Mutual Fund, and UTI Mutual Fund.[12]
See also[]
References[]
- ^ "Budget 2016 must look at innovative ways to create demand & jobs, improve trade". Economic Indiatimes. 12 February 2016. Retrieved 19 February 2016.
- ^ "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.
- ^ "Average AUM". AMFI India. Retrieved 18 February 2016.
- ^ "ICICI Prudential Long Term Equity: Top-class performer, consistently". The Hindu – BusinessLine. 13 February 2016. Retrieved 19 February 2016.
- ^ a b "TOP 10 AMC IN INDIA". 5 Dariya News.
- ^ "Mutual Fund". ICICI Prudential AMC. Retrieved 18 February 2016.
- ^ "About ICICI Prudential Mutual Funds". ICICI Prudential AMC. Retrieved 18 February 2016.
- ^ "Nimesh Shah, MD and CEO, ICICI Prudential Asset Management Views on Current State of Market". Indian SHare Tips. Retrieved 23 February 2016.
- ^ "Q & A: Nimesh Shah, MD & CEO, ICICI Prudential AMC". Mutual Fund News Group. 13 October 2010. Retrieved 23 February 2016.
- ^ "PMS (Portfolio Management services)". ICICI Prudential AMC. Retrieved 18 February 2016.
- ^ "About Real Estate Investment". ICICI Prudential AMC. Retrieved 18 February 2016.
- ^ "Top Fund Houses". NDTV Profit. 18 February 2016. Retrieved 18 February 2016.
External links[]
- ICICI Bank
- Mutual funds of India
- Financial services companies based in Mumbai
- Financial services companies established in 1993
- 1993 establishments in Maharashtra
- Indian companies established in 1993