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Icici Prudential Asset Management Company Limited

SEC-registered adviser since 2021Mumbai, Maharashtra, IndiaCRD 312825

28,296
Clients
3
Advisory staff

From Form ADV filed 29 June 2026 · data retrieved 15 October 2026SEC record

Icici Prudential Asset Management Company Limited is an investment adviser headquartered in Mumbai, Maharashtra, India, and registered with the SEC since 2021. Its clients include pooled investment vehicles, individuals, and corporations and other businesses.

Its services include portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions. Fee arrangements include a percentage of assets under management and performance-based fees. Icici Bank Limited owns 50% to 75% of Icici Prudential Asset Management Company Limited, and Nimesh Shah is its CEO.

Clients

Icici Prudential Asset Management Company Limited serves 28,296 clients, 27,396 of them individuals. The average client has about $4.1 million with the firm.

Regulatory assets by client type
  • Individuals27,396 clients2%
  • Pooled investment vehicles26 clients98%
  • Corporations and other businesses874 clients0%
Show client breakdown
Individuals (other than HNW)
Clients
27,396
Regulatory AUM
$2,426,318,389
Share
2.1%
Avg. per client
$89K
Pooled investment vehicles
Clients
26
Regulatory AUM
$114,388,470,012
Share
97.7%
Avg. per client
$4.40B
Corporations and other businesses
Clients
874
Regulatory AUM
$243,781,393
Share
0.2%
Avg. per client
$279K

Total

Clients
28,296
Regulatory AUM
$117,058,569,794
Share
100%
Avg. per client
$4.14M

What it does

Icici Prudential Asset Management Company Limited provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.

Icici Prudential Asset Management Company Limited advises no private funds.

Nearly all assets ($117.06B across 28,295 accounts) are managed with discretion; $1.96M across 1 account is not. 100% of clients are outside the U.S., and 10 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks92%
  • Funds3%
  • Cash4%
  • Other1%
    • Unlisted/listed: ncds, corporate bonds/any other debt instruments. since percentage values for (x), (xi) and (xii) are 3.01%, 4.13% and 1.08% respectively. the same have been rounded off to the nearest decimal as per the requirement of the form.1%

Custodians

Icici Prudential Asset Management Company Limited’s client accounts are held mainly at Icici Bank Limited, with 2% of managed assets. Icici Prudential Asset Management Company Limited does not have custody of client assets.

Managed account assets by custodian
  • Icici Bank LimitedIcici Bank Limited · Mumbai, Maharashtra · $2.53B2%
  • All other custodians$114.52B98%

Ownership and leadership

Icici Bank Limited owns 50% to 75% of Icici Prudential Asset Management Company Limited, and Nimesh Shah is its CEO.

Who owns the firm
Icici Prudential Asset Management Company Limited· the adviser
  • Icici Bank Limited

    Control person · since August 1993

    Owns 50% to 75% of Icici Prudential Asset Management Company Limited
  • Prudential Corporation Holdings Limited

    Control person · since February 1998

    Owns 25% to 50% of Icici Prudential Asset Management Company Limited

Leadership

  • Nimesh Shah
    Managing Director/Chief Executive Officer
  • Naveen Kumar Agarwal
    Chief Financial Officer
  • Rakesh Shetty
    Chief Compliance Officer and Company Secretary
  • Sandeep Batra
    Chairman & Nominee Director
  • Ved Chaturvedi
    Independent Director
  • Antony Jacob
    Independent Director
  • Dilip Karnik
    Independent Director
  • Naved Masood
    Independent Director
  • Sidharatha Mishra
    Non-Executive Director
  • Rajeev Mittal
    Non-Executive Director
  • Preeti Reddy
    Independent Director
  • Naren Sankaran
    Executive Director/Chief Investment Officer
  • Nupur Singh
    Principal - Legal
  • Suresh Subramanian
    Chief Operations Officer

Staff

  • 3,585 employees
  • 3 in advisory functions

Fees

Icici Prudential Asset Management Company Limited is paid through a percentage of assets under management and performance-based fees.

Icici Prudential Asset Management Company Limited’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Icici Prudential Asset Management Company Limited has 1 office, with 1 listed address with no US state reported.

Registration details

Legal name
Icici Prudential Asset Management Company Limited
Headquarters
Icici Prudential Mutual Fund Tower, Vakola, Santacruz East, Mumbai, Maharashtra, India 400055
Website
Not reported
SEC file
801-122548
Structure
other (specify) organized in India
Fiscal year end
March

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Icici Prudential Asset Management Company Limited have?

Icici Prudential Asset Management Company Limited has 28,296 clients and manages $117.1 billion for them, as of June 2026. They include 27,396 individuals, 874 corporations and other businesses and 26 pooled investment vehicles.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 29 June 2026

What services does Icici Prudential Asset Management Company Limited offer?

Icici Prudential Asset Management Company Limited provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles and portfolio management for institutions.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Icici Prudential Asset Management Company Limited use?

Icici Prudential Asset Management Company Limited’s separately managed account assets are held at Icici Bank Limited (Mumbai, Maharashtra), with $2,534,789,347. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 June 2026

How many financial advisors does Icici Prudential Asset Management Company Limited have?

Icici Prudential Asset Management Company Limited has 0 investment adviser representatives registered with state securities authorities, out of 3,585 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Icici Prudential Asset Management Company Limited invest in?

At the end of its last fiscal year, Icici Prudential Asset Management Company Limited’s separately managed accounts held 92% exchange-traded equities, 4% cash and equivalents, 3% pooled vehicles (private funds and similar) and 1% unlisted/listed: ncds, corporate bonds/any other debt instruments. since percentage values for (x), (xi) and (xii) are 3.01%, 4.13% and 1.08% respectively. the same have been rounded off to the nearest decimal as per the requirement of the form.. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Icici Prudential Asset Management Company Limited?

Icici Prudential Asset Management Company Limited is owned through a chain of holding companies by Prudential PLC. Its direct owners are Prudential Corporation Holdings Limited (25% to 50%) and Icici Bank Limited (50% to 75%).

Source: Form ADV Part 1A, Schedules A and B, filed 29 June 2026

How does Icici Prudential Asset Management Company Limited get paid?

Icici Prudential Asset Management Company Limited is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 29 June 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 312825.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Icici Prudential Asset Management Company Limited and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.