ICICI Prudential Mutual Fund
Overview:
ICICI Prudential Asset Management Company Ltd. (ICICI Prudential AMC) is one of India's leading asset management firms, established as a joint venture between ICICI Bank, a reputable name in Indian financial services, and Prudential Plc, a prominent player in the Asia and Africa markets providing health, protection, and savings solutions. The company is dedicated to bridging the gap between savings and investments, helping investors create long-term wealth through a range of straightforward and relevant investment solutions.
Key Highlights:
- Foundation and Growth: Since its inception in 1998 with only 2 locations and 6 employees, ICICI Prudential AMC has experienced remarkable growth, expanding its workforce to 3,072 employees and reaching over 350 locations across India. As of March 31, 2024, the AMC serves an impressive investor base of 99 lakh investors.
- Assets Under Management (AUM): ICICI Prudential AMC manages over 720,000 crores in the mutual fund segment, reflecting its prominent position in the market. The firm also offers Portfolio Management Services (PMS) and International Advisory Mandates in various asset classes, including debt, equity, and real estate.
- Investor-Centric Approach: The organization prides itself on being investor-centric, combining investment expertise, resource availability, and process orientation. ICICI Prudential AMC aims to simplify the investment journey for its clients, focusing on meeting financial goals and enhancing the overall investor experience through innovation and consistent, risk-adjusted performance.
Strategic Partnerships:
- ICICI Bank: As a leading private sector bank in India, ICICI Bank offers a diverse range of financial products and services to retail, SME, and corporate customers. The bank leverages technology to deliver services through various digital channels, including mobile and internet banking. Its equity shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India, with American Depositary Receipts listed on the New York Stock Exchange.
- Prudential Plc: Headquartered in London and Hong Kong, Prudential Plc serves 18 million customers across 24 markets in Asia and Africa, providing life, health insurance, and asset management solutions. The company aims to be a trusted partner for individuals and families by offering accessible financial and health solutions.
- Eastspring Investments: This subsidiary of Prudential Plc is a leading Asia-based asset manager managing over USD 228 billion in assets (as of 30 June 2023). Eastspring offers a wide range of investment solutions across multiple strategies, including equities, fixed income, multi-asset, quantitative, and alternatives, with a commitment to delivering high-quality investment outcomes.
Conclusion:
ICICI Prudential Asset Management Company Ltd. has established itself as a preeminent player in the Indian mutual fund industry. Its investor-centric approach, strong growth trajectory, and strategic partnerships enable it to offer innovative and relevant investment solutions, fostering a robust investment experience for clients across India.
Step by Step Guide to invest in
ICICI Prudential Mutual Fund
How to Invest in ICICI Prudential Mutual Funds online with Miles Wealth?
Investing in ICICI Prudential Mutual Funds through Miles Wealth is a simple, quick, and secure process, designed to give you full control over your investment decisions. Whether you prefer to explore curated fund recommendations tailored to your risk profile and financial goals, or select funds from a wide range of options, the process is straightforward.
Here's a step-by-step guide to get started:
Step 1: Download the Miles Wealth App
Start by downloading the Miles Wealth app. If you're an existing user, simply log in. New users can complete a quick and seamless registration process to create their account.
Step 2: Complete Your KYC
KYC (Know Your Customer) is a one-time, mandatory requirement to start investing. It is a fast, easy and online process that typically takes around 5 minutes. Keep your PAN card, Aadhaar card, bank account details, and Digilocker credentials handy to ensure smooth completion.
Step 3: Set Up Nominee Information
Add nominee details and allocate percentages. If you are assigning just one nominee, allocate 100%. If there are multiple nominees, distribute the percentage allocation accordingly.
Step 4: Browse or Search for Mutual Funds
You can either search for a specific mutual fund or explore our personalized collections, which are curated based on your risk tolerance and financial objectives. If you prefer, you can modify the recommendations and invest in any fund or AMC of your choice.
Step 5: Choose Investment Type (SIP or One-Time)
Decide whether to invest through a Systematic Investment Plan (SIP) or as a one-time investment. Enter your desired investment amount. For SIPs, choose the date for monthly debits from your bank account. To make the process even easier, we recommend setting up an e-mandate for automatic monthly investments.
Step 6: Review and Confirm Your Investment
Before finalizing, review your investment details, then confirm the order and make the payment. That's it! You have successfully invested.
Step 7: Track Your Portfolio
Once your investment is confirmed, it will reflect in your Miles Wealth account within 3-4 working days. You can track the performance of your portfolio and manage your investments directly from the app.
Need Assistance?
If you encounter any issues or have questions, our support team is ready to help. Simply drop us an email at support@mileswealth.in, and we'll get back to you promptly.
Why Choose Miles Wealth?
- Personalised Investing: We suggest funds that match your financial goals and risk level, making investing easy and personal.
- No Expertise Needed: You don't need prior knowledge - our platform simplifies everything for you.
- No More Guesswork: Stop relying on social media or friends' advice. Miles Wealth gives you clear, data-driven recommendations you can trust. We are AMFI licensed.
- Wealth Creation: Our goal is simple - help you build lasting wealth with smart, personalized investments.
- Regular Funds: We are AMFI Registered Mutual Fund Distributor, and we offer regular funds that align with your risk tolerance to help you achieve the best possible portfolio returns.
P.S. We earn only 0.5%-0.75% annually on the AUM we manage - so it's not expensive.
Your journey to wealth creation is just a few clicks away. Start investing with confidence today!
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Best Fund Managers at
ICICI Prudential Mutual Fund
Fund Manager
Ajay Kumar Solanki
Akhil Kakkar
Anand V Sharma
Anish Tawakley
Archana Nair
Darshil Dedhia
Dharmesh Kakkad
Gaurav Chikane
Ihab Dalwai
Kewal Shah
Lalit Kumar
Manish Banthia
Priya Sridhar
Priyanka Khandelwal
Rajat Chandak
Raunak Surana
Ritesh Lunawat
Rohit Lakhotia
Mittul Kalawadia
Nikhil Kabra
Nishit Patel
Nitya Mishra
Roshan Chutkey
Sankaran Naren
Sharmila D'mello
Sri Sharma
Vaibhav Dusad
Years with AMC
0.7
0.7
2.5
6.1
0.7
1.8
6.4
3.2
7.4
0.7
4.3
14.9
0.7
2.3
9.1
0.7
7.4
1.3
6.7
8.2
3.8
0.3
6.7
12.7
2.5
3.4
4.4
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