Company Overview of ICICI Prudential Asset Management Company Limited
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.
Nirlon Knowledge Park
Western Express Highway, Goregaon (East)
Founded in 1998
Key Executives for ICICI Prudential Asset Management Company Limited
Chief Executive Officer, Managing Director, and Member of the Board of Directors
Head of Institutional Sales
Compensation as of Fiscal Year 2015.
ICICI Prudential Asset Management Company Limited Key Developments
ICICI Prudential Asset Management Company Appoints Lakshmi Venkatachalam as Independent Additional Director on the Board of Directors
Oct 1 15
ICICI Prudential Asset Management Company announced that Lakshmi Venkatachalam has been appointed as an Independent Additional Director on the Board of Directors of the company with effect from September 22, 2015.
ICICI Prudential Mutual Fund Launches ICICI Prudential Business Cycle Fund - Series 1
Sep 21 15
ICICI Prudential Mutual Fund has launched a new close ended equity scheme named ICICI Prudential Business Cycle Fund - Series 1 with maturity period of 1,281 days from the date of allotment. The new fund offer price for the scheme is INR 10 per unit. The NFO opened for subscription on September 18, 2015 and will close on September 30, 2015. 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 INR 10 thereafter. The options available under the plan of the scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against S&P BSE 500 Index. Mrinal Singh, Shalya Shah and Pushpinder Singh 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 provide capital appreciation will be met by predominantly investing in equity and equity related securities with focus on riding business cycles through dynamic allocation between various sectors and stocks. Hence, the scheme will allocate 80 to 100% of asset in Equity and Equity related Instruments and 0% to 20% of asset in Debt Instruments, Money Market Instruments and Cash.
ICICI Prudential Asset Management Company Announces Change in the Board of Directors
Aug 17 15
ICICI Prudential Asset Management Company Limited announced that Barry Stowe and M. K. Sharma, the Directors on the Board of the company have resigned from the Board of Directors with effect from July 28, 2015 and July 31, 2015 respectively. Further, Guy Strapp has been appointed as a Nominee Director of Prudential Corporation Holdings Limited on the Board of Directors of ICICI Prudential Asset Management Company Limited with effect from July 29, 2015.
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