Mumbai: ICICI Bank has wrapped up a key internal restructuring of its fund management business.
Completes Rights Transfer
ICICI Bank confirmed that investment management rights for certain alternative investment funds have been transferred to ICICI Prudential Asset Management Company Limited. The transition follows receipt of required approvals and execution of agreements between the entities, formalising the shift effective April 01, 2026.
Covers Five Funds
The transfer includes five funds: India Advantage Fund S4 I, India Advantage Fund S5 I, India Advantage Fund S5 II, India Real Estate Investment Fund Series 2, and Iven Amplifi Fund. These funds will now be managed by IPru AMC under the new structure.
Builds On Earlier Plan
The move completes a process first disclosed on May 9, 2025, and March 2, 2026. ICICI Bank indicated that the restructuring involved transferring private equity, venture capital, and real estate fund management business from ICICI Venture Funds Management Company Limited to IPru AMC.
Strengthens AMC Role
With the transfer in place, ICICI Prudential Asset Management Company Limited will take over investment management services for the identified funds. This shift consolidates fund management responsibilities under the asset management arm, aligning operations more closely with its core business. The completed transfer marks a significant step in ICICI Bank’s effort to streamline its fund management structure and align operations within its asset management platform.
Disclaimer: This article is based solely on the company’s stock exchange filing and does not include external sources or independent verification.
