Icici Mutual Funds

By: Stephen Thiele

Break Studios Contributing Writer

Looking for information about ICICI mutual funds? ICICI mutual funds are managed by the ICICI Bank, which is the second largest bank in India. The ICICI Bank has approximately $81 billion in assets under administration. The ICICI Bank has over 2,000 branches in 18 different countries, including the United States, United Kingdom, Russia, and Canada. The ICICI Bank has branches in many top cities in India, such as Bangalore, Mumbai, and Shahbad. The ICICI Bank corporate headquarters are located in Hyderabad.

ICICI mutual funds offers three different types of mutual funds. Those types are debt mutual funds, equity mutual funds, and hybrid mutual funds. Debt mutual funds include income schemes and liquid schemes. The equity mutual funds that are offered by the ICICI Bank include index schemes, diversified equity schemes, and sector schemes. Lastly, the ICICI hybrid mutual funds include pension schemes, balanced schemes, and special schemes. The fund that you select depends upon your overall investment goal.

The officers that handle ICICI mutual funds are all certified through the Association of Mutual Funds in India. ICICI mutual funds are listed on the National Stock Exchange of India Limited and the Bombay Stock Exchange. If you do not wish to visit an ICICI Bank branch to invest in ICICI mutual funds, you can invest in ICICI mutual funds online. The ICICI Bank also has a partnership with Prudential, one of the largest insurance companies in the world. Many of the mutual funds that are posted online are handled by the ICICI Prudential Asset Management Company.

Posted on: Sep. 18, 2010