ICICI Prudential Mutual Funds
About This AMC
ICICI Prudential Mutual Fund, established in 1993 as a joint venture between ICICI Bank and Prudential Plc.**
ICICI Prudential Mutual Fund has been consistently among the largest mutual funds in terms of AUM (Assets Under Management).
In 2012, ICICI Prudential AMC entered a tie-up with Syndicate Bank, now Canara Bank, to strengthen distribution channels further.
Nimesh Shah has been leading ICICI Prudential AMC as the MD & CEO since July 2007. Sankaran Naren is the Chief Investment Officer (CIO). Naren, popular for this ‘value investing’ approach manages the largest value fund in India: ICICI Value Discovery Fund (AUM: ₹30,000+ crore)
**Prudential Plc, one of the world's oldest and most influential insurance companies, holds a 49% stake in the joint venture, while ICICI Bank holds the majority share of 51%. Prudential Group has plans to reduce its shareholding pattern below 25% as per SEBI regulations and offload 3.7% of its stake.
As of February 2024
Schemes
128
AUM
₹8,87,010 Cr
AUM growth
-₹12,257 Cr
Fund managers
28
