Highlights
- ICICI Prudential, the country’s second largest mutual fund company in terms of assets under management, has become the best ETF mutual fund house
- The company was awarded the ‘Best ETF Provider’ at the 8th Annual Wealth Briefing MENA Awards for Excellence 2021
- This award is given for research and excellence
ICICI Prudential, the country’s second largest mutual fund company in terms of assets under management, has become the mutual fund house with the best ETF. The company was awarded the ‘Best ETF Provider’ at the 8th Annual Wealth Briefing MENA Awards for Excellence 2021. This award is given for research and excellence.
Why got this award
The award is given to the best performing fund houses in the Middle East and North Africa (MENA) region. It is decided by an eminent panel of independent judges for research and excellence. The Wealth Briefing MENA Award is a part of Wealth Briefing’s global program. It includes all the Wealth Management Centers in the world. The asset under management of ICICI Prudential ie investors has a total investment of more than Rs 4.50 lakh crore. ICICI Prudential joins the ranks of the elite Global Group to have the honor of winning the Wealth Briefing Award. The company has not defaulted in the last 20 years and has consistently performed well in the mutual fund industry.
Also read: Metro Brands IPO: 27% subscribed on first day, 51.06 lakh shares received bids
Best in Valuation Process
Stephen Harris, publisher of Wealth Briefing, said the companies that have achieved this victory have deserved it. ICICI Prudential was adjudged the best during the valuation process. This company has proven to be one of the best in ETF provider with innovation. ICICI Prudential works consistently across all asset classes.
double growth in 12 months
ICICI Prudential has consistently made innovative offerings in India over the years in the ETF segment. This has led to a doubling of the ETF’s assets in the last 12 months. The objective of this company is to provide balanced portfolio to the investors. It currently has 7 Sector Equity ETFs. There are 3 factor based ETFs. In factored ETFs, this company offers single and multi-factor based offerings.
Tax Saving Tips: Get these 5 allowances included in your salary, will help in saving tax
.