July 25, 2017 12:05 PM ET

Capital Markets

Company Overview of ICICI Prudential Asset Management Company Limited

Company Overview

ICICI Prudential Asset Management Company Limited is a privately owned investment manager. The firm provides its services to individuals and institutions. It manages separate client-focused equity, fixed income, and balanced mutual funds. The firm invests in the public equity and fixed income markets of India. ICICI Prudential Asset Management Company Limited was founded in 1998 and is based in Mumbai, India. ICICI Prudential Asset Management Company Limited operates as a subsidiary of ICICI Bank Ltd.

2nd Floor

Block B-2

Nirlon Knowledge Park

Western Express Highway, Goregaon (East)

Mumbai,  400063

India

Founded in 1998

Phone:

91 22 2685 2000

Fax:

91 22 2686 8313

Key Executives for ICICI Prudential Asset Management Company Limited

Chief Executive Officer, Managing Director, and Member of the Board of Directors
Chief Financial Officer and Executive Vice President
Head of Operations
Age: 67
Head of Marketing, Digital, and Customer Experience
Executive Vice President and Head of Retail and Institutional Business
Compensation as of Fiscal Year 2017.

ICICI Prudential Asset Management Company Limited Key Developments

ICICI Prudential Mutual Fund Launches New Close Ended Debt Fund Scheme

ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named "ICICI Prudential Fixed Maturity Plan- Series 81 - 1,143 Days Plan M" with maturity period of 1,143 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is INR 10 per unit. The NFO opened for subscription on June 13 and will close on June 19, 2017. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will be also not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is INR 5,000 and in multiples of INR10 thereafter. The options available under the plan of the scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Rahul Goswami and Rohan Maru will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. Hence, the scheme will allocate 80 to 100% of asset in Debt Instruments including Government Securities and 0 to 20% of asset in Money Market Instruments.

ICICI Prudential Asset Management Company Limited Reports Earnings Results for the Fiscal 2017

ICICI Prudential Asset Management Company Limited reported earnings results for the fiscal 2017. For the year, the company’s profit after tax increased by 47% year-on-year from INR 3,260 million in fiscal 2016 to INR 4,800 million in fiscal 2017.

ICICI Prudential Asset Management Reports Earnings Results for Third Quarter Ended December 31, 2016

ICICI Prudential Asset Management reported earnings results for third quarter ended December 31, 2016. For the quarter, the company reported profit after tax of INR 1.32 billion against INR 0.82 billion a year ago.

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