IPO Changes Nothing: S Naren on ICICI Pru AMC's Investor-First Strategy

• S Naren states ICICI Pru AMC's IPO doesn't alter its core 'pro-investor' and long-term philosophy.
• The firm aims to be a trusted mutual fund for billions, prioritizing investor interests over short-term gains.
• Decisions like avoiding expensive stocks (2020) and closing schemes for pricey small/mid-caps (2024) exemplify this approach.
• Emphasis on asset allocation and transparent risk communication builds trust and sustainable growth.
• ICICI Pru AMC had a bumper IPO debut, listing at a 20% premium on the National Stock Exchange.

Why It Matters: ICICI Pru AMC maintains its investor-first, long-term philosophy despite a successful IPO.