Case Study Of Icici Asset Management Company

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2.1 INDUSTRY PROFILE: ICICI Prudential Asset Management Company: ICICI Prudential Asset Management Company is the second largest Asset Management Company in the country. ICICI Asset Management Company Limited mainly concentrates on bridging the space between savings and investments. ICICI Asset Management Company also creates a long term wealth through a range of simple and relevant investment solutions for investors. Asset Management Company serves to portfolio management services for investors which have spread across the country. ICICI Asset Management Company is considered as a co enterprise between ICICI Bank and Prudential Plc. ICICI Bank is well known and trusted name in financial services in India. Axis Asset Management Company:…show more content…
 ICICI mutual fund is considered to be relatively less expensive way to make and monitor their investment.  By buying and selling large amount of securities at a time it helps to bring down average cost of unit for their investors.  It allows the investors to liquidate their holding as and when required.  The minimum investment through SIP is very small.  Purchase of Units including Systematic Investment Plan or other plan.  Redemption of Units including Systematic Withdrawal Plan or any other plan.  Switches including Systematic Transfer Plan, Dividend Transfer Plan, Triggers or any other…show more content…
Only institutions with substantial organizational strength, service capability in terms of computerization, and other infrastructure facilities are approved to act as custodians. The custodian must be totally de-linked from the AMC and must be registered with SEBI. Under the Securities and Exchange Board of India (Custodian of Securities) Guidelines, 1996, any person proposing to carry on the business as a custodian of securities must register with the SEBI and is required to fulfill specified eligibility criteria. Additionally, a custodian in which the sponsor or its associates holds 50% or more of the voting rights of the share capital of the custodian or where 50% or more of the directors of the custodian represent the interest of the sponsor or its associates cannot act as custodian for a mutual fund constituted by the same sponsor or any of its associate or subsidiary
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