ICICI Prudential Asset Management Company Ltd. is the largest asset management company (AMC) in the country (as per average assets under management as on September 30, 2017 of Rs. 271075.36 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.
Video ICICI Prudential Mutual Fund
History
ICICI Prudential Asset Management Company Ltd. is a leading asset management company (AMC) in the country 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, a well-known and trusted name in financial services in India and Prudential Plc, one of UK's largest players in the financial services sectors. Throughout these years of the joint venture, the company has forged a position of pre-eminence in the Indian Mutual Fund industry.
The AMC manages significant Assets under Management (AUM) in the mutual fund segment. The AMC also caters to Portfolio Management Services for investors, spread across the country, along with International Advisory Mandates for clients across international markets in asset classes like Debt, Equity and Real Estate.
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 1476 employees with a reach across over 215 locations reaching out to an investor base of more than 2.5 million investors (As on March 31, 2017). The company's growth momentum has been exponential and it has always focused on increasing accessibility for its investors.
Driven by an entirely investor centric approach, the organization today is a suitable mix of investment expertise, resource bandwidth and process orientation. The AMC endeavors to simplify its investor's journey to meet their financial goals, and give a good investor experience through innovation, consistency and sustained risk adjusted performance.
Sponsors
ICICI Bank is India's largest private sector bank with total assets of Rs. 7,206.95 billion (US$ 109 billion) at March 31, 2016 and profit after tax Rs. 97.26 billion (US$ 1,468 million) for the year ended March 31, 2016. ICICI Bank currently has a network of 4,608 Branches and 14,052 ATM's across India.
ICICI Prudential
Prudential plc is an international financial services group with significant operations in Asia, US and the UK. The company serves more than 24 million insurance customers and has £599 billion of assets under management (as at 31 December 2016). Prudential Corporation Asia (PCA)
Prudential is a leading life insurer that spans 13 markets in Asia, covering Cambodia, China, Hong Kong, India, Indonesia, Korea, Laos, Malaysia, the Philippines, Singapore, Taiwan, Thailand and Vietnam. Prudential has a robust multi-channel distribution platform providing a comprehensive range of savings, investment and protection products. Eastspring Investments manages investments across Asia on behalf of a wide range of retail and institutional investors, with about half of its assets sourced from life and pension products sold by Prudential plc. It is one of the region's largest asset managers with a presence in 10 major Asian markets as well as distribution offices in the US and Europe. It has £104.9 billion in assets under management (as at 30 June 2016), managing funds across a range of asset classes including equities and fixed income.
Jackson National Life Insurance Company
Jackson is one of the largest life insurance companies in the US, providing retirement savings and income solutions with more than 2.9 million policies and contracts in force. Jackson is also one of the top three providers of variable annuities in the US. Founded 50 years ago, Jackson has a long and successful record of providing advisers with the products, tools and support to design effective retirement solutions for their clients.
Prudential UK & Europe (PUE)
Prudential UK is a leading life and pensions provider to approximately 6 million customers in the United Kingdom. Their expertise in areas such as longevity, risk management and multi-asset investment, together with our financial strength and highly respected brand, means that the business is strongly positioned to continue pursuing a value-driven strategy built around our core strengths in with-profits and annuities.
M&G
M&G is Prudential's UK and European fund management business with total assets under management in excess of £255.4 bn (as at 30 June 2016). M&G has been investing money for individual and institutional clients for over 80 years. Today it is one of Europe's largest active investment managers as well as being a powerhouse in fixed income.
Maps ICICI Prudential Mutual Fund
Organization
Key People
Board of Directors: Asset Management Company
- Ms. Chanda Kochhar - Chairperson
- Mr. Suresh Kumar
- Mr. Vijay Thacker
- Mr. N.S. Kannan
- Mr. C. R. Muralidharan
- Mr. Nimesh Shah
- Mr. Guy Strapp
- Ms. Lakshmi Venkatachalam
Management Team
- Mr. B Ramakrishna - Executive Vice President
- Mr. Raghav Iyengar - Executive Vice President & Head of Retail & Institutional Business
- Mr. Suresh Subramanian - Head of Operations
- Mr. Vivek Sridharan - Head of Institutional Business
- Mr. Amar Shah - Head of Retail Business
- Ms.Supriya Sapre - Head of Compliance & Legal
- Mr. Abhijit Shah - Head of Marketing, Digital & Customer Experience
- Mr. Amit Bhosale - Head of Risk Management
- Mr. Nikhil Bhende - Head of Human Resources
- Mr. Adil Bakhshi - Head of Public Relations & Communication
- Mr. Lalit Popli - Head of Information Technology
- Mr. Rahul Rai - Head - Real Estate Business
- Mr. Anish Tawakley - Head of Research.
Investment Management
- Mr. S. Naren - Chief Investment Officer
- Mr. Rahul Goswami - Chief Investment Officer- Fixed Income
- Mr. Rahul Rai - Head of Real Estate Business
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.[9][10]
Mutual Fund
ICICI Prudential Mutual Fund (the Fund) offers a wide range of retail and corporate investment solutions across various asset classes - Equity, Fixed Income and Gold. The Fund House has continuously aimed to provide investors with financial solutions to aid them in achieving their lifecycle objectives. It has constantly been on the forefront of innovation and has introduced various products aligned to meet customer needs, leading to a well-diversified portfolio of around 47 mutual fund products, across equity and debt. The success of the various endeavors is evident in the mutual fund investor base which has witnessed tremendous growth over the years. As of March 31, 2017, the investor base for the AMC stood at 2.5 million customers.
ICICI Prudential Mutual Fund gained investor trust by managing funds as per its investment objectives and have been able to deliver superior risk adjusted returns. The consistent long term performance was achieved on the strength of fundamentals, process driven investment approach with enough flexibility for the fund managers to manage their funds in their respective unique style and insight. The fund house over the last 19 years has emerged as a leading investment solution provider in India and has always aimed to fulfill its fiduciary responsibility of managing investor's wealth with prudence and due diligence.
Portfolio Management Services
ICICI Prudential Portfolio Management Services provides solutions for the investment needs of select clientele, through focused portfolios. ICICI Prudential Mutual Fund was the first institutional participant to offer Portfolio Management Services to HNIs and Institutions in India, in the year 2000. We have a successful track record of over 10 years of experience in offering Portfolio Management Services and today our strong base of over 7,000 PMS clients stands testament to the quality and value of our services. Our aim is to create a portfolio that suits your requirements; therefore we will first seek to understand a client's needs and investment objectives, and on that basis offer a portfolio that best suits these needs and objectives.
Real Estate Business
ICICI Prudential Mutual Fund is one of the most pre-eminent real estate investors in India having over 10 years of real estate investing experience across key Indian cities. Our difference lies in our ability to navigate through dynamic market conditions, while remaining focused on meeting our client's goals. Backed by the largest private sector bank in India and one of the world's oldest international financial services group, we offer a range of bespoke solutions that create sustainable, long term value for our investors. Executed 55+ investments, Returned over INR 30 Billion through 20+ complete and partial exits We seek to invest in projects located in established micro-markets by developers with a proven track record. A robust investment process ensures our ability to generate high returns with mitigated risks for our investors. High pedigree and strong developer relationships enables the team to source superior off- market investment opportunities. Mutually beneficial outcomes to transactions are mined to generate repeat transactions with select partners. Further, the team leverages the ICICI group network to generate proprietary investment opportunities. The senior team members hail from a variety of backgrounds, with deep and wide expertise in originating, executing and managing transactions across the capital stack, in all major cities. They have developed best practice asset management techniques to maximize value for investors.
Advisory Services
ICICI Prudential Mutual Fund runs a successful international business franchise through its offshore advisory division, that advises India only funds and segregated mandates for clients domiciled in jurisdictions spanning Europe, Japan, Middle East, Taiwan & Singapore.
We believe our strong parentage and on the ground presence enables us to offer the following benefits to offshore investors: o Investment Insights and Information. o Better and easier access to company managements due to local presence. o Deep understanding of reputation, vision and execution capabilities of companies. o An innate understanding of governance structures of corporate entities. We have a successful track record of serving Institutional and Retail clients in India across fixed income, equities, money market funds and real estate. We have extended this experience to International Investors who are keen to participate in 'India growth story' and generate alpha over a medium to long term horizon.
Major Competitors
A few of the competitors for ICICI Prudential Mutual Fund in the mutual fund sector are HDFC Mutual Fund, Reliance Mutual Fund, SBI Mutual Fund, Birla Sun Life Mutual Fund & UTI Mutual Fund.
References
External links
- Official website
- ICICI Mutual Fund - Schemes
http://icicipruamc.com/docs/default-source/Press-Release/press-release---icici-prudential-mutual-fund-launches-the-medical-advantage-feature.pdf?sfvrsn=0
http://www.moneycontrol.com/news/business/mutual-funds-business/icici-prudential-mutual-fund-seeks-sebi-nod-for-capital-protection-fund-2414611.html
http://www.moneycontrol.com/news/business/mutual-funds-business/icici-prudential-mutual-fund-winds-up-quarterly-interval-plan-2-2410977.html
https://www.bloombergquint.com/markets/2017/10/17/what-indias-top-three-mutual-funds-bought-and-sold-in-september
Source of the article : Wikipedia
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