Page 3 - Icici Prudential

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

Table: Life insurance policy terms, rates of 10 leading companies

Policybazaar.com table explains what a customer living in a metro city will have to pay

ICICI Pru Life Insurance launches a product offering income for 30 years

Further, customers can customise the product from a range of income benefits and premium payment terms, among other flexibilities, stated the press release

The focus is certainly on VNB growth: ICICI Pru Life Insurance MD & CEO

No partner has more than 2-3 per cent concentration with us

ICICI Prudential Q1 profit jumps 33% to Rs 207 crore on investment gains

The company had a debt-equity mix of 54:46 at June 30 and 97.1% of the fixed income investments were in sovereign or AAA-rated instruments

I-T dept cracks down on Bajaj Allianz, ICICI Prudential amid wider probe

The Irdai has, effective April 1, removed separate limits for commissions and has imposed an overall ceiling on operating expenses and commissions

We walked the talk on value of new business: ICICI Pru Life CEO & MD Kannan

VNB has more than doubled and margins have expanded from 17 per cent to 32 per cent. So, given this, I would say, we have achieved more than we had told the market

ICICI Pru soars 9% after appointment of Anup Bagchi as MD & CEO of company

Anup Bagchi had joined the ICICI Group in 1992 and had worked in the areas of retail banking, corporate banking and treasury.

Large-Cap Equity: What makes ICICI Pru MF's Anish Tawakley an outlier

ICICI Prudential Bluechip Fund has generated higher returns than its benchmark over the one- and three-year periods by minimising risk and focusing on steady performance

Short-to-medium debt: Active play pays dividends for ICICI MF's Banthia

ICICI Prudential's short-term and medium-duration funds outperformed on the back of timely shifts in strategies

Fund Pick: ICICI Prudential Value Discovery Fund a consistent outperformer

The scheme's investment objective is to seek long-term wealth creation by actively investing in equity/equity-related securities, following a value investment strategy

ICICI Prudential Life Insurance confident to cross FY23 VNB target by March

It is the second-largest private player in terms of VNB

Short duration optimised for YTM is the best strategy right now”

Currently, yield to maturities (YTMs) of debt mutual funds have become very attractive, so it is a good time to add to your allocation to these funds. Instead of looking at past returns, investors should look at yield to maturity to understand the trajectory of future returns, says Manish Banthia, Deputy CIO, Fixed Income, ICICI Prudential Mutual Fund. Speaking to Sanjay Kumar Singh, Associate Editor, Business Standard, he said he expects one more rate hike of 25 basis points to be followed by a long pause. Watch this interview to understand where interest rates are headed and the best categories of debt mutual funds you should invest in right now.

ICICI Prudential Equity & Debt Fund: An outperformer in hybrid category

The fund's investment objective is to generate long-term capital appreciation and current income from a portfolio invested in equity, equity-related securities, and fixed-income securities

Fusion microfinance subscribed 3x on Day-2 on strong institutional support

Medanta Hospitals IPO subscribed 36% on day-2, Bikaji Foods by 1.5 times

ICICI Pru, 14 insurance firms evaded Rs 824 crore input tax credit

Officials said further investigation revealed that other insurance companies and NBFCs also exploited a similar route to avail of ineligible ITC

HealthAssure raises Rs 50 cr in pre-series B funding led by Dadlani Group

HealthAssure is targeting the massive $ 40 billion OPD and Insurance market in India by 'productizing' the largest HMO ecosystem of primary care

ICICI Pru on course to hit new business value of Rs 2,560 crore in FY23

Private insurer ICICI Prudential Life has said it is on course to meet its target of doubling the value of new business to Rs 2,560 crore this fiscal from FY19 levels. The optimism of the management to meet the target it had set for itself in the beginning of FY19, when the Value of its New Business (VNB) stood at Rs 1,328 crore, stems from the much more than anticipated VNB growth clocked in the first quarter at Rs 471 crore, which was 31.7 per cent higher than the year-ago period when it was only Rs 358 crore. VNB is a key profitability metric in the life insurance industry as life insurance is a long-term business unlike general insurance which is a year-long commitment. So, VNB means the future profit of a life policy written now. Higher the VNB margin the better will be the profitability of a company. This is calculated by dividing the VNB by annualised premium equivalent or regular premium plus 10 per cent of the single premium. Having already grown so much in the first quarte

ICICI Prudential AMC's S Naren on his investment mantra and more

Soaring inflation, global central bank policies and the Ukraine war have dampened sentiment across global financial markets. What does S Naren, of ICICI Prudential AMC think of the developments?

Near-term outlook complicated, but bullish on equities: ICICI Pru's S Naren

Value opportunity in stocks is more and we think over the next 2-3 years, the opportunity will continue to exist, says S Naren, CIO, ICICI Prudential Asset Management Co