Wednesday, July 23, 2008

ICICI Prudential AMC Completes Successful Ten Year

India's leading fund house, ICICI Prudential AMC celebrated the completion of ten years in the Indian Mutual Fund industry. The company which began in the year 1998, with an AUM of Rs 160 Crore, managing only two funds at its inception has since expanded its AUM to Rs 59,505.14 Crore as on 30 June 2008 spread over 40 funds. ICICI Prudential Asset Management Company Ltd. is the joint venture between ICICI Bank, a well-known and trusted name in financial services in India and Prudential Plc, one of UK's largest players in the financial services sectors. Gracing the occasion were stalwarts like Mr. Mark Tucker, Group Chief Executive, Prudential Plc, Ms. Kalpana Morparia, Vice Chairman - Insurance, Securities & Asset Management, ICICI Group and Mr. Nimesh Shah Managing Director, ICICI Prudential AMC spoke on the company's glorious run over the last decade.

ICICI Prudential AMC has maintained a lead over the competition with its consistent long-term performance, innovative products, superior technology and a powerhouse of the best talent in the industry during both good and bad in the market over the past decade.