ICICI MF's new product allows investors in the fund house's liquid fund to pay for health care expenses
The company will launch its fifth affordable housing project tomorrow, which has about 730 units, at Gurgaon in a price range Rs 16-22 lakh
It will be the first IPO from a life insurance company in the country
This IPO is the first by an insurer in India and the biggest in nearly six years
Given its business strengths, sound financials and high growth potential, long-term investors could consider the public offer
Till December, ICICI Prudential had 21.31 per cent public shareholding
The floor price of the offer for sale has been set at a discount of 6.8 per cent to the last closing price of Rs 322 of the private insurer on Monday
In the life insurance business, balance sheets are driven by the float on the premium received
In absolute numbers, PAT of the life insurer stood at Rs 297 crore in Q3 FY19 against Rs 301 crore in the third quarter of FY 18
Here is a look at Morningstar's take on ICICI Prudential Savings Fund
Matter had come under the scanner of the markets regulator, Sebi
Sector insiders suggest some investment decisions taken during Gupta's tenure did not go down well with the sponsors and this could have led to his ouster
On average, the fund has maintained higher duration than peers over the past three years
This decision is more or less unheard of in the Indian context though it does happen more often in developed markets
Currently, ICICI Prudential PMS manages investors' funds to the tune of Rs 40 billion, while overall the fund house has an asset under management of over Rs 2.93 trillion
The fund has consistently outperformed its benchmark according to CRISIL
It has outperformed peers and the benchmark during the recent two market phases
CSFB, country's first in new category of Small Finance Banks, started operations on Apr 24 last year
Balanced advantage fund now country's largest in equity segment, gaining much currency with the risk-averse, with annualised return much above Sensex's since launch
The Rs 6,000- crore offer attracts strong demand from institutions and HNIs