Thirty-five Fixed Maturity Plans (FMP) of ICICI Prudential AMC, one of the leading mutual fund company, have been rated AAAf by Crisil.
ICICI Prudential is the only AMC with largest number of AAAf rated FMPs by Crisil in its stable. The ratings indicate that ICICI Prudential FMPs’ portfolio holdings provide very strong protection against losses from credit default.
Nimesh Shah, MD & CEO, ICICI Prudential AMC said: “AAAf rating by Crisil to our FMPs is highly reassuring to investors. It endorses and inspires confidence of our credit quality standards and transparency practices. Quality of investment and transparency in approach at the helm of operation is extremely critical for us and is embedded in our system and conscience.”