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The recent slowdown was a “mid-cycle correction”, and the central bank’s policy support has laid the groundwork for growth to return to its long-term trend, Manish Banthia, chief investment officer of fixed-income at ICICI Prudential AMC said.
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The video address on the IFA Galaxy YouTube page was allegedly edited and re-uploaded, according to some social media users who had heard the original speech.
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Kalawadia, who will steer ICICI Prudential MF’s recently launched PSU Equity Fund, believes that PSUs are entering a new phase of outperformance
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ICICI Prudential Life is trading at a significant discount to HDFC Life. With improving business fundamentals, MC Pro expect the gap to narrow down further in the long term, offering upside to the current stock price. Here’s how
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Mitessh Thakkar of miteshthacker.com recommends buying Hero MotorCorp with a stop loss of Rs 3750 and target of Rs 3860 and Tata Chemicals with a stop loss of Rs 755 and target of Rs 795.
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CNBC-TV18 learns from sources that Insurance Regulatory and Development Authority (IRDA) finds discrepancy in preliminary reports filed by Sahara Life and ICICI Pru.
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India‘s largest private sector life insurer ICICI Prudential Life Insurance will list on the bourses today. Issue price is fixed at higher end of price band of rupees Rs 300-334 per share.
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Speaking to CNBC-TV18 Ashvin Parekh, Managing Partner, Ashvin Parekh Advisory Services, said that in insurance companies one is looking at growth. R Sreesankar of Prabhudas Lilladher commented on ICICI Pru's IPO.
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With inflation fairly under control Sanjay Dutt, Director of Quantum Securities believes the Reserve Bank of India would consider a rate cut of 25 basis points as early as October to boost growth.
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Market is likely to react to any escalation at Uri, where terrorist attacked the army camp on Sunday, believes Harendra Kumar of Elara Capital.
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While a number of foreign players have exited the market in recent years, there would be still be 43 fund houses present in the country after Goldman Sachs' exit.
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The participants of Cafemutual Confluence 2015, a panel discussion with fund managers, include S Naren of ICICI Pru, Anoop Bhaskar, head-equities at UTI MF, Anup Maheshwari, DSP Blackrock Investment Managers, Prashant Jain, ED & CIO, HDFC MF and Gopal Agarwal, CIO, Mirae Asset Investment.
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Leading asset management company Reliance Mutual Fund, which generates the highest income per unit across the industry, has posted a growth of nearly 1.5 times in its retail debt asset base to close to Rs 19,000 crore for the last fiscal 2012-13.
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The mutual fund industry took a hit of more than Rs 16,000 crore on its asset size during 2011, even as the newly-crowned market leader HDFC MF grew in size and consolidated its top position.
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Retirement fund body EPFO today decided to appoint separate custodians of its investments and extended the deadline of appointment of fund managers by two months to August 31.
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Retirement fund body EPFO will not take into account the past performance of previously engaged ICICI Pru, HSBC AMC, SBI and Reliance Capital while finalising the new asset management companies (AMCs) for managing its Rs 3 lakh crore corpus.
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Retirement fund body EPFO today said its corpus of about Rs 3.5 lakh crore will now be managed only by one of the existing fund manger, SBI, for a three month period ending June 30 as an interim arrangement.
