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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 total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$590 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$95 billion) recorded in December 2013.
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]
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]
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 ...
Since then, RDF has started four other rural schools. In 2007 it opened the Vanitha Achutha Pai junior college (grades 11-12) in a newly built campus near to the original Kalleda Rural School. The junior college hosts the Village India Program every summer, run in collaboration with Washington University in St. Louis. The Village India Program ...