ICICI Prudential Asset Management Company Ltd. (AMC) is a leader in asset management. It focuses on bridging savings and investments gaps and creating long-term wealth for investors by offering a variety of relevant and simple investment solutions.
The AMC is a joint venture of ICICI Bank, a trusted name in Indian financial services, and Prudential Plc (one of the largest financial services companies in the UK). The company has been a leader in Indian Mutual Funds over the years.
The AMC manages substantial Assets under Management (AUM), in the mutual fund segment. AMC provides Portfolio Management Services to investors across the country. It also offers International Advisory Mandates to clients in international markets for asset classes such as Debt, Equity, and Real Estate.
The AMC has seen significant growth in scale since 1998 when it was founded with 2 locations and 6 employees. Today, the company employs 1855 people in over 350 locations. It also has a 7.4 million investor base (as of April 30, 2021).
The company has experienced rapid growth and has always been focused on making it more accessible to its investors. The organization is now a mix of investment expertise and resource bandwidth, with a strong investor-centric focus. AMC aims to make it easier for investors to reach their financial goals and provide a positive investor experience by providing consistency, innovation, and sustained risk adjusted performance.
ICICI MF has a variety of funds that can be tailored to suit every socioeconomic group.
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KYC Required to Invest in Mutual Fund
Know Your Customer, commonly referred to as KYC, enables banks and financial institutions to verify the identity of their customers. You only need to do this once as a first-time investor. SEBI has prescribed requirements for KYC. An investor has to be KYC compliant while investing in a SEBI registered mutual fund. A KYC form will include identity, address, financial status, occupation, and demographic information.
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