PRU Financial News

market capitalisation cut-off for a stock to make it to the largecap category in the upcoming Amfi semi-annual categorisation is expected to be Rs 84,000 crore compared to an average of Rs 67,000 crore in the six months ending December 2023, Nuvama said in a note. Meanwhile, the midcap threshold is likely to hover around Rs 27,500 crore this time compared to Rs 22,000 crore at the end of December 2023.

critical illness benefit, covering 34 conditions like cancer, kidney failure, leukaemia, Parkinson’s disease, and more. This benefit ensures that policyholders receive a payout upon diagnosis, providing crucial financial support for medical treatment.Critical illnesses often lead to substantial financial burdens, including costly treatments, medications, and potential loss of income.

ICICI Prudential Life Insurance Company Ltd. gained 1.6 per cent to Rs 615.3 in Monday's session as of 12:17PM (IST) even as the equity benchmark Sensex traded 334.21 points higher at 79366.94. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 640.8 and a 52-week low of Rs 463.5 on NSE. Around 9370 shares changed hands on the counter till 12:17PM (IST).

ICICI Prudential Life Insurance Company Ltd. traded 0.63 per cent up in Friday's trade at 11:42AM (IST). Around 12,534 shares changed hands on the counter. The scrip opened at Rs 605.4 and touched an intraday high and low of Rs 609.25 and Rs 598.85, respectively, in the session so far. Shares of the company of ICICI Prudential Life Insurance Company Ltd. quoted a 52-week high of Rs 640.8 and a 52-week low of Rs 463.5.

ICICI Prudential Life Insurance Company Ltd. traded 0.33 per cent up at Rs 598.25 at 10:45AM (IST) on Thursday, even as BSE benchmark Sensex dropped 116.29 points to 78557.96. The stock had closed at Rs 596.25 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 640.8 and Rs 463.5, respectively.

Retirement is inevitable, and the older generation, which often trusted fixed deposits, can struggle with financial planning due to inflation reducing post-tax returns. The fear of outliving savings is a real concern due to the constant devaluation of money. Explain the benefits of mutual fund investments. Mention the different types of mutual funds for various financial needs. For short-term needs, suggest debt mutual funds. This is useful if your dad is nearing retirement or already retired. For younger dads, talk about equity mutual funds for long-term goals.

TPG Asia on Thursday sold its entire stake in wire and cable manufacturer RR Kabel through block deals, according to exchange data. TPG Asia offloaded about 5% stake or just over 56 lakh shares at around Rs 1,701 apiece. This valued the deal at around Rs 958 crore.

equity mutual funds have witnessed a rise in the past few months amid rising valuations. Total cash kept aside by equity mutual funds at the end of April rose to ₹1.34-lakh crore, 22 per cent higher than that at the end of December last year, reported Business Line quoting Fisdom Research data.

ICICI Prudential Life Insurance Company Ltd. traded at Rs 577.1 on BSE at 01:18PM (IST) on Tuesday, down 2.02 per cent from previous close. The stock quoted a 52-week low price of Rs 421.45 and a high of Rs 640.8.

financial institutions and public sector undertakings. It is suitable for those investors who have a lower risk appetite and want to earn returns which are higher than bank fixed deposits or those from savings bank accounts. There are currently 23 active banking & PSU banks with net assets under management (AUM) at Rs 80,730 crore as of April 30, 2024 according to data released by Association of Mutual Funds in India (Amfi). Over the last 12 months, average returns given by this category is 6.43%. The top five funds in this category are ICICI Pru Banking & PSU Debt Fund(G), ICICI Pru Banking & PSU Debt Fund(G), HDFC Banking and PSU Debt Fund-Reg(G), ITI Banking & PSU Debt Fund-Reg(G) and Franklin India Banking & PSU Debt Fund(G). These funds have outperformed the benchmark Crisil 10 Yr Gilt Index which has delivered 6.26%.

ICICI Prudential Life Insurance Company Ltd. traded 0.46 per cent higher in Friday's session at 11:21AM (IST). The stock opened at Rs 576.6 and has touched an intraday high and low of Rs 584.5 and Rs 576.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 640.8 and a 52-week low of 420.1. About 16,470 shares changed hands on the counter so far.

ICICI Pru Child Care Fund-Gift Plan topping the charts. It is followed by SBI Magnum Children's Benefit Fund-Investment Plan-Reg(G) and Aditya Birla SL Bal Bhavishya Yojna-Reg(G). ETMarkets presents a report card of these funds. Take a look! There are currently 11 children's funds in the solution-oriented mutual fund category. While ICICI Pru Child Care Fund-Gift Plan has delivered returns of 44% returns, SBI Magnum Children's Benefit Fund-Investment Plan and Aditya Birla SL Bal Bhavishya Yojna have given returns of 39.35 and 35.25%, respectively. HDFC Children's Gift Fund and LIC MF Children's Gift Fund(G have yielded 28.69% and 28.55% gains in the last 12 months. The bottom two positions have been taken by Axis Children's Gift Fund-Compulsory Lock in-Reg(G) and SBI Magnum Children's Benefit Fund-Savings Plan with returns of 16.34% and 18.55%, respectively.

hybrid funds which are sub categorised further into balanced advantage funds and multi asset funds. The dynamic asset allocation pattern of these funds has immensely attracted investors due to the design which ensures better risk mitigation. The pandemic induced market fall in the early part of 2020 did set a strong foundation for these two categories when investors were concerned about the correction in the markets and clueless about the direction the markets would take from there.

Life Insurance has received a GST and penalty order of Rs 835 crore from Maharashtra's State Tax department, the company informed the exchanges on Tuesday. «The Authority has demanded GST along with applicable interest and penalty for FY2019,» ICICI Pru said. The order includes violations pertaining to reversal of input tax credit as per GST Law, mismatch in ITC claimed in GSTR -3B, GSTR-9 and GSTR 2A; non-payment of tax on sale of fixed assets and interest on GST payment on proposal deposit.

mutual fund scheme Mirae Asset NYSE FANG+ETF FoF-Reg(G) delivered nearly 20% returns in the January-March quarter outperforming its peers in this category in the said period. The returns were higher not just against those domestic funds which invest in Indian equities but also those which invest in overseas stocks. As per the data available with Amfi, the number of thematic funds at the end of March stood at 160 which includes global, MNC and overseas fund-of-funds. The average returns delivered by this category in the January-March quarter stood at 5.10%.

Living in the present is great. However, the stress of not having a secure future will give you nightmares. Many people start investing in their 20s or even 30s but one thing they forget to prioritize is planning for retirement. Retirement planning is as important as planning for your marriage, education, and more. If you have hit your 40s and feel like you have missed the train, don't worry! ETMarkets spoke to Chirag Muni, Executive Director at Anand Rathi Wealth Ltd to understand the best way to start your retirement journey in your 40s. Excerpts: How important is it to plan for retirement? Chirag Muni: Retirement planning is very crucial in every individual’s life. A lot of decisions need to be taken early for a secured retirement and a steady flow of income even post-retirement. The best way to increase retirement savings is to start early with a few disciplined steps.

Net premium income for the reporting period jumped 17% to Rs 14,788 crore.

ICICI Prudential Life Insurance Company Ltd. traded 0.81 per cent down at Rs 623.9 at 01:24PM (IST) on Monday, even as BSE benchmark Sensex dropped 602.59 points to 73642.31. The scrip had settled at Rs 629.05 in the previous session. The stock quoted a 52-week high price of Rs 640.8 and 52-week low of Rs 420.1, respectively. As per BSE data, total traded volume on the counter till 01:24PM (IST) stood at 48439 shares with a turnover of Rs 2.96 crore.

ICICI Prudential Life Insurance Company Ltd. traded 1.57 per cent up at Rs 636.7 at 10:25AM (IST) on Friday, even as BSE benchmark Sensex dropped 451.5 points to 74586.65. The stock had settled at Rs 626.85 in the previous session. The stock quoted a 52-week high price of Rs 638.75 and 52-week low of Rs 420.1, respectively. As per BSE data, total traded volume on the counter till 10:25AM (IST) stood at 14091 shares with a turnover of Rs 0.9 crore.

Axis Bank, Paytm, ABFRL, ICICI Pru Life, Shivalik Rasayan Axis Bank Private equity major Bain Capital exited Axis Bank after selling the remaining 1% stake in the lender through the open market for Rs 3,574 crore.

ICICI PRU BLUECHIP BASIC FACTS DATE OF LAUNCH 23 MAY 2008