ICICI Pru AMC sees 'infinite' MF market, boosts alternates business

• ICICI Prudential AMC sees an "infinite market" for mutual funds in India, believing the industry is in the early stages of a long expansion cycle.
• The company's ₹10,602-crore IPO, a pure Offer for Sale by Prudential Plc, is open from December 12-16, valuing the company at ₹1.07 lakh crore.
• MD & CEO Nimesh Shah downplayed concerns about SEBI's TER rationalisation, stating the industry thrives on transparency and any impact on profitability should be manageable.
• Despite increasing competition, ICICI Pru AMC emphasizes active fund performance, with 90% of its AUM beating benchmarks over three years.
• ICICI Pru AMC is rapidly expanding its alternates business, including PMS, credit funds, and commercial real estate, anticipating significant growth in this segment.

Why It Matters: India's mutual fund market has immense growth potential, reshaping investment choices.