ICICI Prudential Mutual Fund's Banking and Financial Services Fund has multiplied investor's wealth by more than 6 times in last nine years. The fund, which invests in companies in the banking and financial services sector only, has delivered a.
Foreign stake in 75 companies at record high of 27.5% Times of India.
Sankaran Naren of ICICI Prudential Mutual Fund is an excellent contrarian who has come to be regarded as the poster boy of value investing in the asset management industry. To his credit, he has had the grit and conviction to be consistent over the years.
Otherwise, switch to dynamic asset allocation equity funds which are invested in a mix of equity and arbitrage -- the direct equity allocation in these funds is lower than the pure balanced funds . Some of these funds are ICICI Prudential Balanced.
Mrinal Singh, Deputy CIO, Equity, ICICI Prudential Mutual Fund , who plies a strict value-driven approach, believes value investing is one theme that can play out for a patient investor over the next five years. "As a value investor, the best way to.
At the end of June quarter, mutual funds held 8.95 per cent stake in Infosys and insurance companies 11.05 per cent, according to data available with the BSE. HDFC Trustee Company Ltd owned 1.99 per cent in the IT firm as of June 30, ICICI Prudential.
Its mutual fund arm Reliance Nippon Life Asset Management has already applied to the markets regulator for an initial public offer. Earlier this year, Reliance Capital hived off its health insurance business and sold stake in the radio and television.
Some large-cap funds have also been forced to expand their portfolio. ICICI Focused Bluechip has diluted its portfolio from 29 to 50 stocks in the past five years. Contrastingly, there are also schemes, such as HDFC Large Cap and ICICI Pru Value.
out of the 782 equity-related mutual fund schemes, the Infosys stock was part of 421 schemes. The stock is among the top five holdings in 222 schemes, and is the top holding in 19 schemes. Among the fund houses, HDFC (₹5,165 crore), ICICI Prudential.
ICICI Prudential Mutual Fund has launched a new plan named as ICICI Prudential Value Fund - Series 17, a close ended equity scheme. The scheme will have tenure of 1300 days from the date of allotment of units. The face value of the new issue will be Rs 10.
My goal is to invest Rs40 lakh in mutual funds in 4 years and I also have a bank ... For the Rs4,000 in debt funds, you can add on to the dynamic bond fund in the form of ICICI Prudential Long Term Fund. Srikanth Meenakshi is co-founder and COO.
Northwestern Mutual Investment Management Company LLC increased its position in ICICI Bank Limited (NYSE:IBN) by 107.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund  .
If there are few fund houses missing, you need to undergo this process with the other R& T agents as well. ICICI Prudential Mutual Fund , HDFC Mutual Fund , and Birla Sun Life Mutual Fund are all serviced by CAMS. Reliance Mutual Fund and UTI Mutual .
SBI Life and ICICI Prudential. As minority shareholders, these institutional investors were not happy with what was going on at Infosys, a company that forms an important holding in all their large-cap schemes. Three mutual funds initially came together.
Reliance Gilt Securities Fund to Reliance Small Cap Fund (an STP of Rs 19,500); Birla Sun Life Gilt Plus PF Plan to Birla Sun Life Frontline Equity Fund (an STP of Rs 19,500); ICICI Prudential Long Term Gilt Fund to ICICI Prudential Dynamic Plan (an.