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ICICI Bank (51%) Prudential Plc (49%) Number of employees. 2000–2500 (2022) Website. www .icicipruamc .com. ICICI Prudential Mutual Fund is an Indian asset management company founded in 1993 as a joint venture between ICICI Bank and Prudential plc. [4] It is the second-largest asset management company in India after the SBI Mutual Fund. [5] [6]
There are 46 Mutual Funds as of June 2013. [25] In 2019, Asset under management (AUM) of the mutual fund industry rose by 13% to 24 trillion in 2018 by November [26] The total assets under management (AUM) has surged by around 23.43% in 2023. The Assets base in January 2023 was Rs.40.70lakh crores, which rose to Rs.50.24 lakh crore in Nov, 23.
ICICI Prudential Life Insurance started its operations in 2001. The life insurance arm was established as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited with assets under management (AUM) of approx. ₹ 1 billion (US$13 million). In 2005, the company crossed the mark of 1 million policies.
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with registered office in Vadodara.It offers a wide range of banking and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
Prudential mutual funds honored by Lipper NEWARK, N.J.--(BUSINESS WIRE)-- Three Prudential Investments mutual funds won awards based on 10-year risk-adjusted performance at Lipper's recent annual ...
Eastspring was originally the investment management arm of Prudential Corporation Asia, the Asian branch of Prudential plc that was established in 1994. In 1998, it formed a joint venture with ICICI Bank named ICICI Prudential Mutual Fund which is located in Mumbai and is currently one of the largest asset management companies in India.
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