ICICI Prudential Asset Management Company Limited was incorporated as ICICI Asset Management Company Limited' as a public limited Company, dated June 22, 1993, issued by the RoC. Company changed its name from ICICI Asset Management Company Limited' to Prudential ICICI Asset Management Company Limited' via fresh certificate of incorporation dated March 26, 1998, issued by the RoC. Subsequently, the name of the Company was changed name from Prudential ICICI Asset Management Company Limited' to ICICI Prudential Asset Management Company Limited', dated January 17, 2007, issued by the RoC.
Since 1998, Company has been operating business as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited. Company is the investment manager to ICICI Prudential Mutual Fund. In addition to mutual fund business, it has a growing alternates business, across PMS, AIF and offshore businesses. The Company is involved in managing mutual funds, providing portfolio management services, managing alternative investment funds, and providing advisory services to offshore clients. It provide savings and investment products across multiple financial asset classes, structured to address a diverse spectrum of clients' objectives and risk appetites, from income accrual to long-term wealth creation.
The Company manage the largest number of schemes in the mutual fund industry in India as of March 31, 2025, with 135 schemes comprising 42 Equity and Equity Oriented Schemes, 20 debt schemes, 56 passive schemes, 14 fund-of-fund domestic schemes, one liquid scheme, one overnight scheme, and one arbitrage scheme. There schemes such as ICICI Prudential Large Cap Fund, ICICI Prudential Multi Asset Fund, ICICI Prudential India Opportunities Fund, ICICI Prudential Value Fund and ICICI Prudential Asset Allocator Fund (FOF) are category leaders in terms of QAAUM, as of March 31, 2025.
As of March 31, 2025, the ICICI Prudential India Opportunities Fund, ICICI Prudential Large