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Icici Prudential

Prudential Plc mulls listing of ICICI Prudential Asset Management Company

Through the IPO, the London-headquartered financial major plans to divest some of its 49 per cent stake. Shares of Prudential rallied over 6 per cent after the announcement on London Stock Exchange

Prudential Plc mulls listing of ICICI Prudential Asset Management Company
Updated On : 12 Feb 2025 | 11:20 PM IST

ICICI Bank to retain majority stake in ICICI Prudential Mutual fund

ICICI Bank on Wednesday said the bank intends to retain majority holding in ICICI Prudential Asset Management Company even though its joint venture partner plans listing and partial divestment of its stake in the fund house. ICICI Bank holds 51 per cent stake in ICICI Prudential Asset Management Company while remaining 49 per cent is with its joint venture partner UK-based Prudential PLC. "We take note of the announcement made today by our joint venture partner Prudential PLC with respect to a potential listing of and partial divestment of its stake in ICICI Prudential Asset Management Company, subject to market conditions, requisite approvals and other considerations," ICICI Bank said in a regulatory filing. The bank intends to retain its majority shareholding in ICICI Prudential Asset Management Company ensuring long-term commitment, it said. Prudential plc announced that it is evaluating a potential listing of ICICI Prudential Asset Management Company Ltd involving the partial .

ICICI Bank to retain majority stake in ICICI Prudential Mutual fund
Updated On : 12 Feb 2025 | 7:23 PM IST

ICICI Prudential Life Q3 results: Net profit increases 43% to Rs 326 cr

The life insurer reported a standalone profit of Rs 326 crore (about $38 million) for the quarter ended Dec. 31, compared to Rs 227 crore a year ago

ICICI Prudential Life Q3 results: Net profit increases 43% to Rs 326 cr
Updated On : 21 Jan 2025 | 7:35 PM IST

Life insurance stocks rally up to 10% on HDFC Life's healthy Q3 earnings

Shares of HDFC Life, ICICI Prudential, SBI Life and Max Financial Services are up in the range of 5 per cent and 10 per cent

Life insurance stocks rally up to 10% on HDFC Life's healthy Q3 earnings
Updated On : 16 Jan 2025 | 10:23 AM IST

2024's record NFO success continues into 2025 with strong momentum

The other new launches include Mirae Asset Smallcap Fund, Bandhan Nifty Alpha Low Volatility 30 Index Fund, Kotak Nifty Smallcap 250 Index Fund and UTI Quant Fund.

2024's record NFO success continues into 2025 with strong momentum
Updated On : 08 Jan 2025 | 11:11 PM IST

Insurance policies of various companies collected in single table

What companies offer to subscribers living in a metro city and do not smoke

Insurance policies of various companies collected in single table
Updated On : 24 Oct 2024 | 6:33 PM IST

GST indecision pressure insurance stocks; HDFC Life, SBI Life shed up to 4%

The GST Council has announced the formation of a new Group of Ministers to review the issue of GST rate reduction on health insurance.

GST indecision pressure insurance stocks; HDFC Life, SBI Life shed up to 4%
Updated On : 10 Sep 2024 | 4:26 PM IST

Apollo Tyres, Granules among top picks by Chandan Taparia of Motilal Oswal

Apollo Tyres has retested its breakout level on the daily chart with higher than average buying volumes indicating bullish sentiment

Apollo Tyres, Granules among top picks by Chandan Taparia of Motilal Oswal
Updated On : 21 Aug 2024 | 6:47 AM IST

ICICI Prudential Banking & PSU Debt Fund: A good mix of safety and yield

In the past three years, the fund has maintained a predominant allocation to non-convertible debentures (NCDs) and bonds of financial institutions

ICICI Prudential Banking & PSU Debt Fund: A good mix of safety and yield
Updated On : 11 Aug 2024 | 10:56 PM IST

ICICI Prudential Life Insurance's AUM touch Rs 3.14 trn mark in July

ICICI Prudential Life Insurance Company on Wednesday said that its assets under management have crossed a significant milestone and touched Rs 3.14 lakh crore as on July 31. The company has covered 9.84 crore lives and the total in-force sum assured exceeds Rs 35 lakh crore, as per an official statement. ********************************** * Sourav Ganguly appointed on the board of Blue Ocean Corporation Former cricketer Sourav Ganguly was on Wednesday appointed on the board of Blue Ocean Corporation. The corporation, which is into supply chain management consulting and training, is aiming to grow its business in the UK, Middle East and India, as per an official statement. ********************************** * Axis Bank integrates with GST portal to help commercial card clients Axis Bank on Thursday said it has integrated with the Goods and Services Tax portal, which will help its commercial card clients to make GST payments easily. The clients will also benefit by optimizing th

ICICI Prudential Life Insurance's AUM touch Rs 3.14 trn mark in July
Updated On : 07 Aug 2024 | 11:19 PM IST

ICICI Prudential Equity & Debt Fund: Striking gold in the hybrid fund mine

The fund aims to provide capital growth as well as regular income by predominantly investing in equities, with debt and money market securities making up a smaller pie

ICICI Prudential Equity & Debt Fund: Striking gold in the hybrid fund mine
Updated On : 26 May 2024 | 9:42 PM IST

ICICI Pru Life launches ULIP having fund value-based distributor payouts

Customers can choose from an array of 21 funds under this product, which includes 13 equity funds, four debt funds, and four balanced funds. Additionally, they can choose from 4 portfolio strategies

ICICI Pru Life launches ULIP having fund value-based distributor payouts
Updated On : 06 May 2024 | 8:41 PM IST

Street signs: Liquid gold in market, unveiling market innovations, more

With markets hovering around their record-high levels, traders are facing the dilemma of whether to buy the dip or sell the rallies

Street signs: Liquid gold in market, unveiling market innovations, more
Updated On : 14 Apr 2024 | 9:51 PM IST

Ombudsman system, sustainable clothing: Top personal finance stories

Our top stories this week explain how financial institutions are supposed to solve customers' complaints and what to wear in summer

Ombudsman system, sustainable clothing: Top personal finance stories
Updated On : 22 Mar 2024 | 8:07 AM IST

ICICI Prudential mutual fund buys Star Health's shares for Rs 193 crore

ICICI Prudential Mutual Fund on Tuesday bought shares of Star Health and Allied Insurance Company for Rs 193 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), ICICI Prudential Mutual Fund purchased 35,74,074 shares, amounting to a 0.61 per cent stake in Star Health and Allied Insurance Company. The shares were acquired at an average price of Rs 540 apiece, taking the transaction value to Rs 192.99 crore. Details of the seller(s) could not be ascertained. On Tuesday, shares of Star Health and Allied Insurance Company fell 1.42 per cent to close at Rs 545.05 apiece on the NSE. In a separate bulk deal on the BSE, Abakkus Asset Manager LLP picked up shares of rice milling company LT Foods for Rs 55 crore through an open market transaction. According to the bulk deal data available with the BSE, Abakkus Asset Manager bought 33.93 lakh shares at an average price of Rs 162.04 apiece. This took the deal value to R

ICICI Prudential mutual fund buys Star Health's shares for Rs 193 crore
Updated On : 19 Mar 2024 | 9:53 PM IST

ICICI Prudential offers 100% refund in pension plan at any stage of policy

ICICI Prudential Life Insurance on Thursday launched a new pension plan offering 100 per cent return at any stage of the policy, making it the industry's first annuity plan that offers to return full refund of premium paid at any time starting from the date of purchase. The product is the first one after the regulator Irdai issued draft guidelines last November mandating insurers to return a higher amount on surrender of a policy mid-term. In a statement, the company said this is the industry's first annuity product to give back 100 per cent of the premium paid at any time in alignment with the proposed regulations on offering policyholders fair and appropriate surrender value. The new product also offers loan against the policy to meet liquidity needs of the insured. Customers can choose from an array of annuity options such as single-life option, in which the income is paid for as long as they live, or a joint-life option, where after one passes away, the income is paid to the ...

ICICI Prudential offers 100% refund in pension plan at any stage of policy
Updated On : 18 Jan 2024 | 8:11 PM IST

Attractive spreads drive arbitrage funds to better returns in 2023

Staged strong comeback last year, stole march over debt funds to post best performance in 8 years

Attractive spreads drive arbitrage funds to better returns in 2023
Updated On : 02 Jan 2024 | 11:01 PM IST

ICICI Prudential Life gets GST demand notice of Rs 270 crore for 2017-18

ICICI Prudential Life Insurance on Wednesday said tax authorities have slapped a demand notice of Rs 270 crore on it for alleged short payment of GST for 2017-18. The Maharashtra Goods and Service Tax (GST) authority has demanded GST along with applicable interest and penalty for 2017-18 fiscal for reversal of input tax credit; difference in GST liability filed in GSTR-1 and GSTR-9; mismatch in ITC claimed in GSTR-3B and GSTR-2A; and interest on GST payment on proposal deposit. The total demand of Rs 269.86 crore includes GST of Rs 119.56 crore, interest of Rs 138.34 crore, and penalty of Rs 11.95 crore. "The company shall file an appeal against the said order before the Commissioner (Appeals) within the prescribed timelines," ICICI Prudential Life Insurance Company said in a BSE filing. Shares of ICICI Prudential settled at Rs 526.55 apiece, up 0.56 per cent over previous close on the BSE. In a separate filing, ICICI Lombard General Insurance said it has received a demand notice

ICICI Prudential Life gets GST demand notice of Rs 270 crore for 2017-18
Updated On : 27 Dec 2023 | 5:15 PM IST

Premium, terms, returns of various retirement plans explained in table

Policybazaar table lists pension offers of various financial companies

Premium, terms, returns of various retirement plans explained in table
Updated On : 21 Dec 2023 | 2:22 PM IST

Multi-asset fund turned Rs 10 lakh into Rs 5.5 cr in 21 yrs: ICICI Pru MF

ICICI Prudential Mutual Fund's multi-asset fund has turned into a wealth creator for investors by giving an annualised return of 21 per cent since its inception in October 2002, the company said on Friday. An investor who put in Rs 10 lakh at the time of inception would now be sitting on about Rs 5.5 crore as of September 30, indicating a Compound Annual Growth Rate (CAGR) of 21 per cent, according to a statement by ICICI Prudential Mutual Fund. In terms of Systematic Investment Plan (SIP) performance, a monthly investment of Rs 10,000 through the route since the inception on October 31, 2002, which would amount to a total investment of Rs 25.2 lakh, would have grown to Rs 2.1 crore as of September 30 this year, showing an annualised return of 17.5 per cent. ICICI Prudential Multi-Asset Fund, which recently completed 21 years, has an Asset Under Management (AUM)of Rs 24,061 crore accounting for nearly 57 per cent of the total AUM in the multi-asset allocation category. The fund is

Multi-asset fund turned Rs 10 lakh into Rs 5.5 cr in 21 yrs: ICICI Pru MF
Updated On : 03 Nov 2023 | 6:25 PM IST