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ICICI Prudential Equity Savings Fund: Latest News & Videos, Photos about ICICI Prudential Equity Savings Fund | The Economic Times

ICICI Bank has been able to protect its NIM in tough market condition and expect it to grow in line with industry in current market environment. The stock trades at AP/ABV of 1.6x of FY14E ABV of INR512 and 1.4x FY15E ABV of Rs 571. Maintain Buy: Motilal Oswal Securities. ICICI Bank 2QFY14 Pat of Rs. 23.5b was ahead of estimate led by higher NII, Fees income and lower operating Expense. The strong growth in the NII, fee income led with improvement in International NIM and coupled with slower growth in opex helped bank to absorb MTM loss of Rs. 2.8b on investments. On assets quality front GNPA has remained flat on absolute… more. ICICI Prudential Asset Management Company on Tuesday launched ICICI Prudential Value Fund Series Fund 1, a close ended equity fund that focuses on investing in stocks that trade at a discount to their true value. The fund aims at adopting the ‘value investing’ approach where low priced stocks with justifiable higher fundamentals are identified and… more. Axis Asset Management Company, the asset management arm of AXIS Bank, has appointed Chandresh Nigam as its MD & CEO on Monday. Nigam has been heading the Investments at AXIS AMC with overall responsibility for managing products across asset classes A mechanical engineer from IIT Delhi and a PGDM from IIM Calcutta, Nigam has over two decades of experience… more. Religare institutional research on ICICI Bank: ICICIBC?s Q4FY13 PAT came in line, up 21% YoY to Rs 23bn, buoyed by NII gains (higher-than-expected growth) making up for fee income pains (growth just 3% YoY). Advances grew a tepid 1.2% QoQ (14.4% YoY) but Q4FY14 NIMs rose by ~20bps QoQ to 3.3%. Asset quality was stable with incremental slippages/restructuring… more.
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