Several international markets appear overvalued, particularly US technology stocks, while precious metals are showing signs of excessive optimism, Naren said
S Naren said ICICI Prudential AMC’s listing will not alter its investor-first approach, focusing on disciplined asset allocation, risk communication and long-term decision-making.
Stocks to Watch, 19 December: Stocks like HCL Technologies, Bharti Airtel, GPT Infraprojects, Swiggy, Waaree Energies, Premier Energies, Niraj Cement Structurals, Biocon, Arisinfra Solutions, Lupin, InterGlobe Aviation, Mishra Dhatu Nigam, Shree Digvijay Cement Company, Ola Electric Mobility, and ICICI Prudential AMC will be in focus on December 19.
Institutional investors led the bids at the IPO with the portion set aside for them subscribed about 124 times
ICICI Prudential AMC IPO share allotment is likely to be finalised on December 17, while share listing is scheduled on December 19.
Given the sectoral tailwinds, attractive valuation, and the vantage positioning, the company can be a long-term compounder
ICICI Prudential AMC’s IPO drew strong interest from marquee global funds, top domestic institutions, and star investors.
The launch of the issue comes against the backdrop of rapid growth in India’s mutual fund industry, as households increasingly channel their savings into financial assets.
ICICI Prudential AMC clarified the company has disclosed the details in accordance with applicable law.
The celebrated CIO of ICICI Prudential Mutual Fund, with over Rs 10 lakh crore AUM and a two-decade record of 20 percent annualised returns shares his playbook for risk, valuations and opportunity spotting in a changed market cycle.
ICICI Prudential AMC CIO S Naren warns against chasing frothy IPOs, urges investors to guard portfolio quality, liquidity, and size.
ICICI Prudential’s veteran CIO says retail and institutional investors are now driving India’s capital allocation, raising fears of mispricing and overexposure to equities.
ICICI Prudential Asset Management Company, India’s second-largest asset manager by AUM, filed draft papers with SEBI on July 8 for an initial public offering that could raise up to Rs 10,000 crore.
The net inflow into equity mutual funds surged 24% to Rs 23,587 crore in June, reversing the declining trend of the last five months
If plans fructify, this would be the fifth listing from the ICICI Group; it would also be the fifth mutual fund listing
This IPO will be a pure OFS by Prudential with no participation by ICICI Bank, said a source
The investment was made by ICICI Prudential Office Yield Optimiser Fund, a category-II alternative investment fund, through a special purpose vehicle that it holds shares in. It leased back the property at a starting rate of Rs 77.50 per square foot per month, with a 5 percent escalation every year built in over the five year tenure, which is locked in
As listed asset managers trade 15-30x consensus forward earnings, Morgan Stanley sees Prudential's stake in the firm valued around $0.9-1.8 billion.
The country’s sovereign debt is among the best performing in Asia this year so far.
Saying prudence and the need for a cautious approach are paramount, Shah highlighted significant areas of concern and offered valuable advice for traders, particularly those engaged in futures and options (F&O) trading.
We operate in the mid-market space (expected internal rate of return is 12-16 per cent), which provides a significant deployment potential for performing credit funds
Shah says that the whole of 2023 will be a year of investing, and not harvesting, to make money over the next five years.
You don’t need to be a financial analyst to succeed in the markets. Just common sense, and discipline, says Shah.
Shah, who is a firm believer in the mean reversion theory, says sectors that haven’t done quite well in 2022 will bounce back in 2023. He says sectors like banking, technology, pharma, infra or anything related to construction, which is real estate, are the ones to watch out for
With global prices of metals such as aluminium, copper and steel having moderated recently, some experts see auto ancillaries, engineering, capital goods and infrastructure among a few others as turnaround sectors.