ICICI Prudential Mutual Fund
 |
|
| Public | |
| Industry | Mutual Funds |
| Founded | 1993 |
| Headquarters | Mumbai, India |
|
Area served
|
India |
|
Key people
|
Mr. Nimesh Shah (Managing Director & CEO), Mr. S. Naren (Chief Investment Officer), Mr. Rahul Goswami (Chief Investment Officer - Fixed Income) |
| Products | Mutual Fund, Portfolio Management Services, Advisory Services, Real Estate Investments |
| Total assets |
 ₹175,881 crore (US$27 billion)(March 31, 2016) |
|
Number of employees
|
1000-1500 |
| Website | www |
ICICI Prudential Asset Management Company Ltd. is the largest asset management company (AMC) in the country (as per average assets under management as on March 31, 2016 of Rs. 175881 Crores, focused on bridging the gap between savings & investments and creating long term wealth for investors through a range of simple and relevant investment solutions.
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.
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 reaching out to an investor base of more than 1.9 million investors.
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.
The Mutual Fund caters primarily to retail investors. ICICI Prudential AMC has introduced products aligned to meet customer needs leading to a well-diversified portfolio of mutual fund products.
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.
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.
A few of the competitors for ICICI Prudential Mutual Fund in the mutual fund sector are HDFC Mutual Fund, Samridhi @ NMIMS,Mumbai, Reliance Mutual Fund, SBI Mutual Fund, Birla Sun Life Mutual Fund & UTI Mutual Fund.
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