Introduction To ICICI Mutual Fund
ICICI Prudential Asset Management Company Ltd. is a prominent asset management company in India, dedicated to bridging the gap between savings and investments while fostering long-term wealth creation for investors. Formed as a joint venture between ICICI Bank, a well-established financial services institution, and Prudential Plc, a leading global group focusing on health and savings solutions, the AMC has cemented its reputation in the Indian mutual fund industry since its inception in 1993. As of September 30, 2024, ICICI Prudential Mutual Fund is the second-largest mutual fund company in India, managing assets worth ₹8,58,522.52 crores, which represents 12.79% of the industry’s total AUM. The company offers a diverse range of 125 mutual fund schemes, including 83 equity schemes, 26 debt schemes, 12 hybrid schemes, and 4 others. Notable funds include the ICICI Prudential Bluechip Fund, ICICI Prudential Balanced Advantage Fund, and ICICI Prudential Liquid Fund, which cater to various investor needs, from stability to dynamic asset allocation.
The AMC has experienced remarkable growth, operating in more than 350 locations, serving a vast investor base of approximately 9.7 million as of January 31, 2024. Known for its commitment to investor education, risk management, and research-backed strategies, ICICI Prudential Mutual Fund is recognized for delivering innovative and reliable investment products.
Headquartered in Mumbai, the AMC also offers Portfolio Management Services and International Advisory Mandates, catering to both retail and institutional investors. It has played a significant role in establishing the CRISIL rating system for asset management companies in India. Under the leadership of Mr. Puranam Hayagreeva Ravikumar, Mr. Nimesh Shah, and Mr. Sankaran Naren, the company has received multiple accolades, including the title of 'Best Fund House' at the Morningstar Awards 2021.Overall, ICICI Prudential Mutual Fund's robust track record, comprehensive product offerings, and significant market reach position it as a key player in the Indian mutual fund landscape, committed to helping investors achieve their financial goals through well-structured investment solutions.
Key Information
| Mutual Fund Name | ICICI Prudential Mutual Fund |
|---|---|
| Incorporation Date | June 22, 1993 |
| Headquarters | Mumbai, India |
| CEO | Mr.Nimesh Shah |
| Investors Relations Officer | Mr.Rajen Kotak |
| Total AUM (as of September 30, 2024) | Rs. 901,179.33 Crores |
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