ICICI Prudential Mutual Fund increased its stake in ICICI Prudential Life Insurance Company Limited from 3.42% to 3.98%, buying 82,70,566 shares worth ₹411.16 Cr.
A leading life insurance provider in India, ICICI Prudential offers comprehensive life insurance, pension, and health insurance products designed for individuals and corporate groups. The company operates across participating, non-participating, and unit-linked business segments, with products distributed through individual agents, corporate agents, banks, brokers, sales representatives, and its digital platform. Its distinctive strength lies in its integrated multi-channel distribution network and diverse product portfolio tailored to varying customer needs.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.