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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]
There were also legal constraints on using the name "Prudential" to label the firm or its products as Prudential Financial, a non-related US company already had the legal rights to use the name. [3] Finally the business had little name recognition in the United Kingdom and at the time, Prudential already had an investment management arm set up ...
ICICI Prudential Mutual Fund; ... SBI Mutual Fund; Securities and Exchange Board Of India (Mutual Funds) Regulations, 1996 ... Cookie statement;
With the advent of closed-end Mutual Funds, CAMS was involved in the processing of the Indian Bank Mutual Fund and later started to handle the operations of Alliance Capital Mutual Fund. This was CAMS' first open-end mutual fund. CAMS handled the oldest Indian Mutual Funds, such as JM Mutual Fund, ITC Threadneedle, Zurich India Mutual Fund, Sun ...
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.
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.
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]
FundsIndia (est. 2009) is an online investment website headquartered in Chennai, Tamil Nadu. [3] [4] The website is owned by Wealth India Financial Services Pvt. Ltd. [2] It was initially created just for mutual funds but later introduced other investment products like stocks, corporate fixed deposits, bonds, and more. [5]