Fusion Finance Limited
ICICI Prudential Mutual Fund has dropped off the shareholder list of Fusion Finance Limited, having last held a 1.99 percent stake. This shift signifies either a complete exit or a trim to beneath the 1 percent reporting threshold.
A microfinance institution incorporated in 1994, Fusion Finance provides lending services to underserved borrowers across India. The company focuses on extending credit to individuals and small entrepreneurs who lack access to traditional banking channels. Operating through an extensive branch network, it delivers financial inclusion services and credit products tailored to the needs of low-income communities and rural populations seeking economic opportunity.
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.