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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.
ICICI Prudential Mutual Fund. ICICI Prudential S&P BSE Liquid Rate ETF (NSE: LIQUIDIETF and BSE: LIQUIDIETF) ICICI Prudential Mutual Fund - Bharat-22 Index Exchange Traded Fund (NSE: ICICIB22) HDFC Mutual Fund HDFC Gold Exchange Traded Fund (NSE: HDFCMFGETF) Invesco India. Invesco India Nifty Exchange Traded Fund (NSE: IVZINNIFTY)
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. [1] [2] [3] [6] [7]
UTI Mutual Fund is the oldest mutual fund companies in India founded by the Government of India in 1963 with over 22 million investor accounts under its 230 domestic schemes as of September 2023. UTI Mutual Fund has a nationwide distribution network, which is spread across the length and breadth of the country.
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara.It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
Money is collected from investors by way of floating various collective investment schemes, e.g. mutual fund schemes. In general, an AMC is a company that is engaged primarily in the business of investing in, and managing, portfolios of securities.
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.
This led to significant challenges for Yes Mutual Fund, particularly its debt schemes that had exposure to Yes Bank’s securities. The crisis necessitated write-downs and affected investor confidence. Around 32 mutual fund schemes had exposure to Yes Bank’s downgraded debt papers, with a total exposure amounting to approximately ₹2,848 crore.
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