ICICI Prudential AMC, India’s largest active mutual fund house, will open its Rs 10,602 crore IPO for subscription on December 12. The offer, which closes on December 16, is a pure offer for sale by UK-based partner Prudential Corp. No fresh shares are being issued, and the listing will not dilute existing equity. The price … Read more
Indian equity markets have remained largely range-bound in recent weeks, with analysts pointing to a mix of supportive and restrictive factors behind the muted movement. Anand Shah from ICICI Prudential AMC in an interview to ET Now explained that fundamentals are balancing out. “There has been a benign monetary policy and some fiscal support, like … Read more
Gold has emerged as the most talked-about asset class in recent times, attracting immense investor interest globally. However, S Naren, Chief Investment Officer at ICICI Prudential AMC, has sounded a cautionary note on the yellow metal, stating that despite its current popularity, gold is not a lucrative investment option at this point. In a recent … Read more
Gold has done well as a core allocation for Indians who love the yellow metal but it’s time now to also add silver with the convenience of a Silver ETF. In 2024 and looking ahead, silver can play a risk-reducing, return-enhancing role in investment portfolios, deserving a portfolio allocation. The Federal Reserve’s July 31 meeting … Read more
On February 15, 2024, just three months after its launch, Zerodha Fund House—a joint venture between India’s largest stockbroking firm Zerodha Broking and portfolio investing platform smallcase Technologies—attracted 100,000 investors and Rs 500 crore in assets under management (AUM). The fund house took just 40 more days to accomplish the next Rs 500 crore in … Read more
ICICI Prudential Mutual Fund’s ICICI Prudential S&P BSE Sensex ETF, linked to the S&P BSE Sensex index, has reached the milestone of 21 years, solidifying its position as one of the largest and most longstanding ETF offerings in the market. With an AUM of Rs 4,560.71 crore (December 31, 2023), this scheme has a tracking … Read more
The ongoing war between Israel and Hamas, which began on October 7, remained on top of market participants’ minds through the week. After falling more than 450 points in a knee-jerk reaction on Monday (October 9), the benchmark equity index BSE Sensex settled 0.43 per cent, or 287 points, higher at 66,283 for the week … Read more
“You had two large blocks of economy which were artificially slowed down and obviously we had a significant rate hike in US which also created some bit of slowdown in that segment. I think as we go forward one year, China will continue to get normalised and provide some global growth,” says Anand Shah, ICICI … Read more
As equity markets around the world unravel against a backdrop of escalating geopolitical tensions and interest rate hikes, equity investors are fazed by heightened volatility and many of the investor’s portfolios may have slipped into the red. This can be an unnerving experience for many, especially those who are new to investing. One of the … Read more
ICICI Prudential Asset Management Company is planning to raise up to Rs 2,000 crore through its maiden credit alternative investment fund (AIF) amid increasing demand for private credit. It will invest in the performing credit space with a credible promoter backing. It will aim to generate an 11-13%internal rate of return (IRR) with a four-year … Read more