- Best Debt Fund House
- Best Short Term Bond Fund – ICICI Prudential Short Term Plan
- Best Short Term Fund – Government Category – ICICI Prudential Gilt Plan Treasury Option
In a glorious ceremony of the Morning Star Awards 2008, ICICI Prudential AMC won one of the most commended awards of the night – “Best Debt Fund House for a 3 Year Performance.” The prestigious award has been given for delivering sustained out performance on a risk-adjusted basis across the fund line-ups in the debt category for period ending December 31, 2008.
The fund house also won in the following categories:
- ICICI Prudential Gilt Fund Treasury Plan - Best fund over 1 year and 3 years in the India Short Term Government category.
- ICICI Prudential Short Term Plan – Best Fund over 1 Year & 3 years in the Short Term Bond category.
Speaking on the occasion, Mr. Nimesh Shah, Managing Director, ICICI Prudential AMC, said, “It is a true honor receiving these awards from an organization of international repute like Morning Star. These awards are an endorsement of our consistent endeavor to deliver sustained risk adjusted returns to our investors. We at ICICI Prudential AMC believe that prudence in managing investors’ hard earned money and process orientation are corner stones to generate confidence and trust. It is our endeavor to continue satisfying investor requirements and thereby emerge as a sustained value creator.”
The Morning Star Awards aims to recognize those funds that had delivered superior performance in 2008, but also had delivered strong risk-adjusted returns for investors over the long haul, relative to appropriate benchmarks. Morning Star is a leading provider of independent investment research in North America, Europe, Australia and Asia. With operations in 20 Countries they aim to provide data to 290000 investments offerings worldwide.
About ICICI Prudential Asset Management Company
ICICI Prudential Asset Management Company Ltd. is the joint venture between ICICI Bank, a well-known and trusted name in financial services in India and Prudential Plc, one of UK’s largest players in the financial services sectors. ICICI Prudential Asset Management Company, in a span of just over ten years, has forged a position of preeminence in the Indian Mutual Fund industry as one of the largest asset management companies in the country with average assets under management of around Rs. 53,538.20 Cr as on February 28, 2009 (Source: www.amfiindia.com). The Company manages a comprehensive range of schemes to meet the varying investment needs of its investors.