ICICI Pru AMC takes pioneering step towards transparency
Published on Tue, May 13, 2008 at 18:42 | Source : Moneycontrol.com
Updated at Tue, May 13, 2008 at 19:15
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ICICI Pru AMC takes pioneering step towards transparency
ICICI Prudential AMC has taken a pioneering step towards transparency and investors right to information. The company has disclosed the complete details on the securatisations and pass through certificates across all its fixed income funds on a consolidated basis in its April’ 08 Fact sheet
ICICI Prudential AMC has taken a pioneering step towards transparency and investors right to information. For the first time in the history of the Indian Mutual Fund Industry, the company has disclosed the complete details on the securatisations and pass through certificates across all its fixed income funds on a consolidated basis in its April' 08 Fact sheet. The fact sheet will provide details of obligators, underlying asset class, rating etc on a consolidated basis across the entire fixed income portfolio which will play a key role in aiding investors gain complete insight of their investment and evaluate the credit quality of their portfolio.
Speaking on this initiative, Mr. Nilesh Shah, Deputy Managing Director, ICICI Prudential Asset Management Company Ltd said, " ICICI Prudential AMC has always worked towards safeguarding investor interest and providing them with prudent investment solutions. The company is committed to investor transparency and is leading with example. This initiative will provide investors requisite information required to analyze the credit quality of their portfolios and will play a crucial step in helping them take informed investment decision."
This initiative is a key step towards attaining investor confidence and also ensuring that the investors are equipped with all the information that will help them monitor their portfolio . The company believes that higher transparency and information sharing will help the industry create better value for its investors.
