ICICI Prudential AMC is set to raise ₹10,600 crore through an offer for sale. This move will reduce promoter shareholding to 90.1%. The company shows strong growth in assets under management and a growing investor base. Its performance is linked to retail investors and market volatility.
NFO flows hit a 5-year low in June quarter, SIPs stay robust
New fund offer collections by asset management companies fell significantly. Funds raised through new fund offers reached a five-year low in June. This sharp decline