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Tag: Prudential

ICICI Pru MF launches ICICI Prudential Alpha Low Vol 30 ETF

ICICI Pru MF launches ICICI Prudential Alpha Low Vol 30 ETF

Finance
ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Alpha Low Vol 30 ETF, an open ended index exchange traded fund tracking Nifty Alpha Low Volatility 30 Index. The ETF will track Nifty Alpha Low-Volatility 30 Index. The New Fund Offer opens on August 3 and closes on August 10. The units of this ETF will be listed on NSE and BSE. According to a press release shared by the fund house, the ETF aims to counter the cyclical theory of single factor index structure strategy. The index provides exposure to a portfolio of stocks from various sectors, based on combination of alpha and low volatility. “ICICI Prudential Alpha Low Vol30 ETF is a multifactor smart beta strategy. This strategy addresses high sector concentration of single factor based index strategies through dive
Government should have a say on prudential banking norms, suggests Swaminathan Gurumurthy

Government should have a say on prudential banking norms, suggests Swaminathan Gurumurthy

Finance
KOLKATA: Reserve Bank of India central board director Swaminathan Gurumurthy has suggested that the government should have a say on prudential banking norms, and that it should not be viewed as something against central bank's independence. "The RBI and the government should sit together and offer a one-time restructuring option to all those accounts which are declared NPAs," he said Tuesday, referring to the complimentary role of both the fiscal and monetary authorities. Central banks' autonomy has been a contentious issue across the globe and there is no set formula for the same. Gurumurthy also said that growth stimulus for the economy has to come from internal demand while supply side measures such as pushing bank loans may have limitations at this juncture. Expecting another fiscal ...

Recent performance of Value Discovery Fund due to expensive markets, says Mrinal Singh of ICICI Prudential Mutual Fund

Finance
“In value investing, patience is a prerequisite to reap gains. That is why it is important for investors to stay put with their investments whether through SIP or otherwise. As value gets unlocked investors will be beneficiaries of exponential gains from these investments,” said Mrinal Singh, Deputy CIO- Equity, ICICI Prudential Mutual Fund, in an interview to Avneet Kaur of ETMutualFunds.com.ICICI Prudential Value Discovery Fund is underperforming its benchmark in one-, three- and five-year horizons. The scheme has given -8.60 per cent in the last one year, 3.31 per cent in the three-year period and 6.27 per cent in five years. What is the reason behind the underperformance?The recent performance of ICICI Prudential Value Discovery Fund has been a function of the markets being expensive w
ICICI Pru Mutual Fund launches ICICI Prudential Retirement Fund

ICICI Pru Mutual Fund launches ICICI Prudential Retirement Fund

Finance
ICICI Prudential Mutual Fund has launched ‘ICICI Prudential Retirement Fund’, an open ended retirement solution oriented scheme having a lock-in of five years or till retirement age (whichever is earlier). The NFO will open on February 07 and will close on February 21. “The best time to plan for your retirement is when you are young and working. Investing in a long-term mutual fund schemes enable in building a good retirement corpus. It also gives flexibility of Systematic Withdrawal Plan (SWP) to meet regular cash flow needs, post retirement,” says Nimesh Shah, MD & CEO, ICICI Prudential AMC. “Mutual fund is a long-term vehicle to plan for retirement. With costs of living, medical expenses and inflation rising with each passing year, it has become important to plan