ICICI Pru MF

ITC: ICICI PRU MF biggest buyer in BAT stake sale at Rs 4,963 crore

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Mumbai: A host of top foreign institutions and domestic mutual funds, including the Government of Singapore, Capital Group, and ICICI Prudential Mutual Fund, bought shares of ITC in British American Tobacco’s 3.5% stake sale worth ₹17,485 crore in the open market on Wednesday. The shares were sold at ₹400.25 apiece. According to BSE block deals … Read more

ICICI Pru MF: ICICI Pru MF also stops lump sum flows into mid & small-cap schemes

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Mumbai: ICICI Prudential Mutual Fund will not accept lump sum money in its mid- and small-cap schemes from March 14, deploying flow curbs a day after Sebi chairperson Madhabi Puri Buch underscored the dangers of potential “froth” or “bubbles” in pockets of the market traditionally favoured by retail investors. Earlier, Nippon, Tata and SBI MFs … Read more