The IPO is expected to hit the market in the second half of December and will comprise a complete offer for sale by promoter Prudential Corporation Holdings, which currently holds a 49 per cent stake
The financial sector pipeline is dominated by Tata Capital's ₹17,000 crore issue, followed by ICICI Prudential Asset Management and Billionbrains Garage Ventures, the parent of Groww
The current market cycle, Naren said, does not resemble earlier periods. Today, the macroeconomic situation is extremely strong, which was not the case in the past
The IPO will be entirely an offer for sale, with UK-based Prudential Corporation Holdings Ltd (PCHL) planning to divest a 10 per cent stake
The move is aimed at consolidating investment offerings under ICICI Prudential AMC, so it can provide a full suite of asset classes, including private equity, the bank said in an exchange filing
Its average AUM in the quarter ending March 2025 stood at Rs 5.6 trillion compared to Rs 4.3 trillion in the quarter ending March 2024
The tariff measures announced have the potential to weaken global trade and consumption, putting pressure on both margins and volumes for export-oriented manufacturers
The best time to invest is when panic grips markets and valuations are attractive. While there is fear in the market today, valuations haven't reached cheap levels yet, Naren of ICICI Pru MF said
The fund was exposed to 71 stocks during the three-year period, consistently holding seven stocks
In an interview, Tawakley advises investors entering equities now to maintain a long-term horizon
Regular pay, single pay and single pay deferred annuity schemes explained for your convenience
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
The fund targets long-term capital appreciation from a portfolio predominantly invested in equity and equity-related securities of large and midcap companies
'The biggest challenge is that investors are increasingly focusing on mid- and small-caps, where valuation is costly'
Franklin Templeton aims to rejuvenate its presence in the debt space with Rahul Goswami leading the charge
NSE to expand colocation facility offerings, the allotments for these racks are to be done over the next six months by the first-in, first-out method
Sankaran Naren, executive director and chief investment officer at ICICI Prudential Asset Management Company, in conversation with Puneet Wadhwa
'Banks were an exception, as they exceeded expectations on all fronts'
Why's RBI governor worried about deposit growth? Where did big tech and startups go wrong on hiring? What's worrying S Naren when it comes to equity markets? What is Twitter's blue tick? Answers here
Fear of recession is forcing tech giants to tighten their purse strings. But, markets back home look unperturbed by it. What does S Naren, Executive Director and CIO at ICICI Pru AMC, think of this?