The country's mutual fund industry has a huge growth potential as Indian households save Rs 20-30 lakh annually on average, top official of an asset management company said.
Key Asian indices are trading in the red as concern over a global trade war resurfaced after the US said it would slap tariffs on extra $200 bn worth of Chinese imports.
Total shareholding of ICICI Prudential AMC in NTPC has increased to more than 5 per cent following purchase of shares under the fund house's various schemes, according to a regulatory filing.
Sebi is believed to have found ICICI Prudential MF in violation of rules during the last day bidding for IPO of the group firm ICICI Securities and has asked the fund house to pay back Rs 240 crore, with 15 per cent interest, to its five schemes from which the money was taken for the shares.
ICICI Prudential Mutual Fund today said it was expecting the industry's assets under management (AUM) to grow in the low double digits in the current fiscal.
The second tranche of Bharat-22 ETF saw bids worth Rs 15,436 crore from investors, which is more than twice the amount sought to be raised.
ICICI bank appointed N.S. Kannan as the Managing Director and Chief Executive Officer (CEO) of ICICI Prudential Life Insurance Company, "subject to regulatory and other approvals".
The ICICI Bank announced that its CEO Chanda Kochhar would be on leave till completion of the internal enquiry against her and named Sandeep Bakhshi as COO.
ICICI Bank today said it will offload 2 per cent stake in its insurance arm ICICI Prudential Life in one or more tranches.
ICICI Prudential Life Insurance Co today reported a 17 percent decline in consolidated net profit at Rs 340.26 crore for the January-March quarter of 2017-18.