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Mutual Fund - The Mutual Fund primarily targets retail investors. [10] Portfolio Management Services - allows 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 these service in India. [11]
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.
The Rural Infrastructure Development Fund (RIDF) is another noted scheme for the bank for rural development. [31] Under the RIDF scheme, Rs. 51,283 crore have been sanctioned for 2,44,651 projects covering irrigation, rural roads and bridges, health and education, soil conservation, water schemes etc.
Motilal Oswal provides products and services related to equity trading, commodity trading and investment advisory services, IPOs and SIPs investment, portfolio management services, and mutual funds investment. [17] Motilal Oswal's client base was around 7.3 million at the end of June 2024. [18]
In December 2020, co-ops under NRECA won $1.6 billion from the FCC's Rural Digital Opportunity Fund to provide rural broadband service to approximately 900,000 locations. In February 2021, NRECA's Matheson filed an appeal to the FCC for also awarding SpaceX 's Starlink internet service funds.
2006 – Became the first bank-sponsored fund to launch an offshore fund – SBI Resurgent India Opportunities Fund [17] 2011 – Stake Transfer from SGAM to Amundi Asset Management [10] 2013 – Acquisition of Daiwa Mutual Fund, part of the Tokyo-based Daiwa Securities Group [18] 2013 – Launch of SBI Fund Guru, an investor education ...
REC Limited, formerly Rural Electrification Corporation Limited, is an Indian public sector company which finances and promotes power projects across India. It provides loans to Central/State Sector Power Utilities in the country, State Electricity Boards , Rural Electric Cooperatives, NGOs and Private Power Developers. [ 4 ]
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 [10] with assets under management (AUM) of approx. ₹ 1 billion (US$12 million). [11] In 2005, the company crossed the mark of 1 million policies. [12]