Prudential to sell 10 percent stake in listing valued above Rs 1 trillion
. The fund focuses on fundamentally sound companies with durable business models, improving financials and credible management teams that are temporarily mispriced.
Half of the top 10 schemes pare exposure, others raise their bets
While expenses dropped 6 per cent to ₹2,152 crore, net commission rose 3 per cent to ₹1,272.7 crore
The fund house, a joint venture between ICICI Bank and Prudential PLC, achieved the milestone in the September quarter, reflecting strong investor confidence
Abu Dhabi-based Avenir Investment RSC, an affiliate of International Holding Company, will acquire a 43.46 per cent stake in Sammaan Capital through a ₹8,850 crore preferential allotment.
On September 29, 2025, ICICI Prudential Mutual Fund has purchased 4.35 million equity shares representing 0.52% of total equity of Sammaan Capital on the NSE via open market.
ICICI Prudential Mutual Fund on Monday bought nearly a 3 per cent stake in Laxmi Dental for around Rs 49 crore through open market transactions. After the stake buy, shares of Laxmi Dental rose 0.25 per cent to close at Rs 306.70 apiece on the NSE while the scrip of the company fell 0.93 per cent to settle at Rs 303.25 per piece on the BSE. According to the bulk deal data on the BSE and NSE, ICICI Prudential Mutual Fund (MF) purchased 8.62 lakh equity shares on the NSE and it acquired 7.38 lakh shares, representing a combined 2.91 per cent stake in Laxmi Dental. The combined transaction was valued around Rs 48.51 crore, and was executed at an average price of Rs 303 apiece, on the exchanges. Meanwhile, Abu Dhabi Investment Authority (ADIA) offloaded a total of 11.16 lakh shares or 2.03 per cent stake in Laxmi Dental for Rs 33.82 crore. After the stake sale, ADIA's holding in Laxmi Dental has come down to 1.15 per cent from 3.18 per cent. The shares were disposed of in the price
The Scheme aims to identify and capitalize on the continuance of existing trends (price trends or earnings trends) in the market.
Historical data shows that the quality style has demonstrated good risk-adjusted returns and greater return predictability compared to value, momentum, and alpha strategies:
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 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
According to ACE Equity data, LIC and ICICI Prudential fund held more than 5% stake in IndusInd Bank; another 13 fund houses owned more than 1 per cent equity of the bank as of December quarter.
Those significantly overweight on these categories must book profits to rein in exposure. A lot depends on your horizon and risk appetite
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
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 .
In Q3 FY25, the solvency ratio of ICICI Prudential Life stood at 211.8 per cent, compared to 196.5 per cent in the same period last year
Naren says investors should take a hybrid approach to navigate global uncertainties
The recent correction in the equity market, according to the asset manager, has eased multiples to an extent but valuations still remain high, especially in the midcap and smallcap space
The scheme will predominantly invest in sectors contributing to and benefiting from rural India's growth and development.