ICICI Prudential takes transparency measures

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Mumbai, May 13: ICICI Prudential AMC has taken a pioneering step towards transparency and investors right to information by disclosing the complete details on the securatisations and pass through certificates across all its fixed income funds on a consolidated basis in its April 2008 fact sheet.

For the first time in the history of the Indian Mutual Fund Industry, the company has provided informationals, such as details of obligators, underlying asset class and rating on a consolidated basis across the entire fixed income portfolio, which would play a key role in aiding investors gain complete insight of their investment and evaluate the credit quality of their portfolio.

Speaking on this initiative, Mr Nilesh Shah, Deputy Managing Director, ICICI Prudential Asset Management Company said, ''ICICI Prudential AMC has always worked towards safeguarding investor interest and providing them with prudent investment solutions. The company is committed to investor transparency and is leading with example. This initiative will provide investors requisite information required to analyse the credit quality of their portfolios and will play a crucial step in helping them take informed investment decision,'' he added.

UNI

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