Topic
icici prudential
Finance Tulsian, Asit C Mehta, ICICI Pru, Green Lantern, Sundaram Lead PMS Alpha Generation in India
A bl.portfolio analysis of 554 active PMS strategies shows category-average returns beat benchmarks in three of six equity categories over five years. Multi- & Flexi-cap strategies stand out with two-thirds of strategies outperforming. Mid-cap remains challenging, with no strategy beating the Nifty Midcap 150 TRI. The industry has 530 SEBI-registered managers managing ₹8.9 lakh crore. Key cost and tax considerations are highlighted.
Finance Puravankara to Divest Stake in Purva Ruby Properties to ICICI Prudential AIF for ₹145 Crore
Puravankara Limited will divest its stake in Purva Ruby Properties Private Limited to Prishal Office Parks III Private Limited for ₹145 crore. The buyer is owned by ICICI Prudential Office Yield Optimiser Fund – AIF II. The deal is not a related party transaction and is expected to close within 45 days. Purva Ruby's turnover contributed 1.06% to Puravankara's total turnover last fiscal.