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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.
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ICICI Prudential AMC CIO S Naren warns against chasing frothy IPOs, urges investors to guard portfolio quality, liquidity, and size.
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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.
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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.
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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
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If plans fructify, this would be the fifth listing from the ICICI Group; it would also be the fifth mutual fund listing
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This IPO will be a pure OFS by Prudential with no participation by ICICI Bank, said a source
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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
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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.
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The country’s sovereign debt is among the best performing in Asia this year so far.
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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.
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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
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Shah says that the whole of 2023 will be a year of investing, and not harvesting, to make money over the next five years.
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You don’t need to be a financial analyst to succeed in the markets. Just common sense, and discipline, says Shah.
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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
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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.
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Debt funds are more attractive than equity at this time, says the Deputy Chief Investment Officer for Fixed Income at ICICI Prudential AMC
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Anand Shah of ICICI Prudential AMC bets on railways, urban infrastructure, renewable power and defence even as concerns rise over expensive valuations
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The consumer economy will be a structural trend in India over the next 20-30 years, but more of a correction is expected in consumer-facing stocks in the near-term because of their rich valuations, Naren said.
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The veteran asset manager believes Russia’s invasion of Ukraine is different from geopolitical crises of the past.
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He believes the companies are undervalued and stand to gain with value stocks being popular once more.
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The open-ended ETF will track the Nifty auto index and will also more or less reflect the behaviour and performance of the automobile segment.
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HDFC Mutual Fund received a total of Rs 167 crore while ICICI Prudential AMC received Rs 270 crore from Essel Group.
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In the inaugural episode of Coffee Can Investing series, Saurabh Mukherjea talks to Sankaran Naren, Chief Investment Officer of ICICI Prudential Mutual.
