ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund
Public
Industry Mutual Funds
Founded 1993
Headquarters Mumbai, India
Area served
 India
Key people
 Mr. Nimesh Shah[1]
(Managing Director & CEO), Mr. S. Naren[2]
(Chief Investment Officer), Mr. Rahul Goswami
(Chief Investment Officer - Fixed Income)
Products Mutual Fund, Portfolio Management Services, Advisory Services, Real Estate Investments
Total assets Increase ₹175,881 crore (US$24 billion)
(31 March 2016)
Number of employees
 1000-1500
Website www.icicipruamc.com

ICICI Prudential Mutual Fund is the largest asset management company (AMC) in the country (as per average assets under management as on 31 March 2018 of Rs. 305,739 Crores.[3][4]

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.

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.[5]

Organisation

Key People [6]

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 [7]
  • Mr. Guy Strapp
  • Ms. Lakshmi Venkatachalam

Management Team

  • Mr. Nimesh Shah - Chief Executive Officer
  • Mr. B Ramakrishna - Executive Vice President
  • Mr. Raghav Iyengar - Executive Vice President & Head of Retail & Institutional Business
  • Mr. Hemant Agarwal - 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 [8]
  • 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

The Mutual Fund caters primarily to retail investors.[11]

Portfolio Management Services

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.[12]

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.[13]

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.[14]

References

  1. ↑ "Budget 2016 must look at innovative ways to create demand & jobs, improve trade". Economic Indiatimes. 12 Feb 2016. Retrieved 19 Feb 2016.
  2. ↑ "This is a great year for mutual fund investors, a bad year for traders: S Naren, ICICI Prudential AMC". Economic Indiatimes. 12 Feb 2016. Retrieved 19 Feb 2016.
  3. ↑ "Average AUM". AMFI India. Retrieved 18 Feb 2016.
  4. ↑ "ICICI Prudential Long Term Equity: Top-class performer, consistently". The Hindu - BusinessLine. 13 Feb 2016. Retrieved 19 Feb 2016.
  5. ↑ "Mutual Fund". ICICI Prudential AMC. Retrieved 18 Feb 2016.
  6. ↑ "Management Team". ICICI Prudential AMC. Retrieved 18 Feb 2016.
  7. ↑ "Nimesh Shah: Make most of volatility". MydigitalFC. 19 Jun 2015. Retrieved 23 Feb 2016.
  8. ↑ "Sankaran Naren of ICICI Prudential MF does things pre-mortem than post-mortem". Forbes India. 16 October 2012. Retrieved 23 Feb 2016.
  9. ↑ "About ICICI Prudential Mutual Funds". ICICI Prudential AMC. Retrieved 18 Feb 2016.
  10. ↑ "Nimesh Shah, MD and CEO, ICICI Prudential Asset Management Views on Current State of Market". Indian SHare Tips. Retrieved 23 Feb 2016.
  11. ↑ "Q & A: Nimesh Shah, MD & CEO, ICICI Prudential AMC". Mutual Fund News Group. 13 October 2010. Retrieved 23 Feb 2016.
  12. ↑ "PMS (Portfolio Management services)". ICICI Prudential AMC. Retrieved 18 Feb 2016.
  13. ↑ "About Real Estate Investment". ICICI Prudential AMC. Retrieved 18 Feb 2016.
  14. ↑ "Top Fund Houses". NDTV Profit. 18 Feb 2016. Retrieved 18 Feb 2016.

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