Prudential ICICI Mutual Fund

The mutual fund of ICICI is a joint venture with Prudential Plc. of America, one of the largest life insurance companies in the US of A. Prudential ICICI Mutual Fund was setup on 13th of October, 1993 with two sponsorers, Prudential Plc. and ICICI Ltd. The Trustee Company formed is Prudential ICICI Trust Ltd. and the AMC is Prudential ICICI Asset Management Company Limited incorporated on 22nd of June, 1993.

Prudential ICICI Mutual Fund is the first private sector mutual fund in India to cross Rs. 10,000 crore mark in assets (figuare as on 30th November, 2002) and have won the trust of 5,50,000 investors.

The Prudential ICICI Mutual Fund is the second largest mutual fund player in the private sector with assets in excess of Rs. 40 bn.

The debt funds, the PruICICI equity funds like Power and Growth Plan have well performed in recent past. Prudential ICICI has a separate analyst who monitors the credit ratings of quality of assets which are given by the credit rating agencies.

Today Prudential ICICI has an extensive network of customer service centres in 26 cities and more than 12,000 customer contact points, comprising partner banks, financial distribution houses and financial advisers.

The product portfolia has a diversification of debt, equity and balanced funds.