- Seven of its funds bag 5 star ratings –highest number by any AMC for Jan 09
- Total 16 funds ranked either 5 star or 4 Star
ICICI Prudential AMC bagged the maximum number of 5 star ratings according to latest Value Research Rating Radar. The ratings as on 31st of January, 2009 state ICICI Prudential AMC as the higest in terms of combined five star and four star ratings – 16 in total. The AMC also garnered the highest number of five star ratings – 7 in total. Five-stars indicate that a fund is in the top 10 per cent of its category in terms of historical risk-adjusted returns.
These ratings are a composite measure of historical risk-adjusted average monthly returns. In case of equity funds, it is based on average monthly returns for the last 3-year and 5-year period. In the case of debt funds this rating is based on the weighted average weekly returns for the last 18 months and 3-year periods and in case of short-term debt funds - weekly returns for the last 18 months.
The 5-star rated funds of ICICI Prudential AMC are as follows:
- ICICI Prudential Gilt Treasury
- ICICI Prudential Dynamic
- ICICI Prudential Infrastructure
- ICICI Prudential Liquid Super Inst
- ICICI Prudential Liquid Inst
- ICICI Prudential Index Retail
- ICICI Prudential Gilt Investment PF
Speaking on the ratings, Mr. Sankaran Naren, CIO – Equity, ICICI Prudential AMC said “These ratings are a testimony of prudent fund management and efficient portfolio strategy. ICICI Prudential AMC has always taken its fiduciary responsibility of managing investor wealth with high commitment and in line with the mandate of the fund. This has helped us build sound portfolios with high risk adjusted return potential”
*Source – www.valueresearchonline.com
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. 47,560.29 Crores as on January 31, 2009 (Source: www.amfiindia.com). The Company manages a comprehensive range of schemes to meet the varying investment needs of its investors.
