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6 qualify in initial bids to manage EPFO funds; Axis AMC out

Six fund managers, including HSBC AMC, ICICI Prudential, Reliance Capital AMC and UTI AMC, have qualified in initial bids for managing EPFO funds for a three-year term beginning April 1.

ICICI Prudential MF launches equity fund

ICICI Prudential Mutual Fund has launched a three-and-a-half-year close ended fund that aims to provide capital appreciation by investing in equity and related securities.

ICICI Prudential launches Constant Maturity Gilt Fund

ICICI Prudential Mutual Fund on Monday said it has launched Constant Maturity Gilt Fund, a 10-year open-ended income fund that aims to provide reasonable returns by investing in portfolio of government securities.

HDFC, ICICI, Prudential among top 3 fund houses, says report

Top three positions continue to be captured by the same three fund houses namely HDFC, ICICI Prudential Asset Management Company and Franklin Templeton during the past three years, according to the third Annual Wealth Forum Advisor Confidence Survey report.

Comply with anti-money laundering norms: Irda to LIC, ICICI Pru

Irda has asked LIC to put in place systems and controls to comply with AML provisions. It said there were no systems in place to detect and monitor when a person made multiple cash transactions aggregating over Rs 50,000 in cash.

ICICI Prudential launches Value Fund Series 2

Asset management company ICICI Prudential Tuesday launched ICICI Prudential Value Fund Series Fund 2, a close ended equity fund.

ICICI Prudential MF to launch new close ended equity fund soon

The new fund offer will open for subscription on October 18 and will close on October 28, 2013.

ICICI Prudential AMC to launch thematic ETFs going ahead

Currently, the mutual fund house has an asset under management under various ETFs of around Rs 200 crore. The total equity assets managed by the AMC is around Rs 16,000 crore.

Fraudsters dupe customers of 4 insurance companies

After ICICI Prudential, fraudsters have now targeted four insurance companies, including SBI Life Insurance, by stealing their customer database and duping some policy holders.

ICICI prudential gets over Rs 130 cr tax notice

The Finance Ministry has asked private sector insurer ICICI Prudential to cough up over Rs 130 crore for alleged evasion through non-payment of service tax.

Haryana govt bars ICICI Prudential for 3 years

The Haryana government has barred ICICI Prudential Life Insurance for three years from doing any further business with it or any of its departments for "intentionally delaying" the process of distribution of annuity to land owners and failure to carry out commitments.

Life insurers' premium income falls over 6% in Apr-Feb FY13

Total premium collected during the April-February period of 2012-13 fiscal by the industry stood at Rs 84,501.75 crore, down 6.12 percent over the same period previous year.

Fraud costs ICICI Prudential Rs 90 lakh, police probe on

Fraudsters have managed to steal customer database from ICICI Prudential causing a "loss" of over Rs 90 lakh to the insurance major.

ICICI Prudential launches retirement plan

The product would enable consumers to build a corpus during their working years and receive assured regular pension post retirement.

ICICI Pru's premium collection rises 7% in Apr-Oct

ICICI Prudential premium collection has gone up to Rs 2,365 crore during the April-October 2012, as compared to Rs 2,210 crore in the corresponding period last year.

India's pension mkt to be Rs 20 lakh cr by 2015: Assocham

Low pension coverage and large workforce in the unorganised sector also provides massive opportunities for private sector and foreign players to enter the pension market in India.

ICICI Pru AMC launches US bluechip equity fund

ICICI Prudential AMC launched its first equity fund -- 'ICICI Prudential US Bluechip Equity Fund'-- which will directly invest in blue-chip companies in the US.

ICICI Pru PMS exits from KUL township project in Pune

Asset management firm ICICI Prudential's real estate portfolio management service (PMS) on Monday said it has divested investment in KUL Ecoloch, a township project in Pune.

ICICI Prudential to pay Rs 7.15 lakh to policy holder

ICICI Prudential has been directed by a consumer forum here to pay Rs 7.15 lakh to one of its insurance policy holders for not informing him that his cheque for second year's premium had been dishonoured and not giving him the opportunity to renew his life-time pension scheme.

SBI, four others shortlisted to manage EPFO's Rs 3.5 lakh crore

EPFO's advisory body FIC Thursday shortlisted five entities --ICICI Securities, Reliance Capital, HSBC Asset Management Company (AMC), SBI and ICICI Prudential -- for managing its corpus of Rs 3.5 lakh crore.