ICICI Pru CEO Nimesh Shah: Underperformance is AMC's Real Risk

• ICICI Prudential AMC's IPO aims to raise Rs 10,600 crore, with today being the last day for bidding.
• MD & CEO Nimesh Shah states the IPO is an offer for sale, not changing company operations, with ICICI Bank remaining the majority stakeholder.
• Shah identifies underperformance, not competition or regulation, as the "real risk for any AMC."
• Mutual fund industry growth is driven by systematic transactions (SIPs) and market appreciation, with goal-based SIPs showing stickiness.
• Shah expresses confidence in India's long-term equity story due to strong GDP growth, structural drivers, and macroeconomic reforms.

Why It Matters: CEO's insights reveal mutual fund industry stability and India's investment growth.