Latest news with #AbhijitShah
Time of India
01-07-2025
- Business
- Time of India
NFO Update: ICICI Prudential Mutual Fund launches Nifty Private Bank Index Fund
ICICI Prudential Mutual Fund announces the launch of ICICI Prudential Nifty Private Bank Index Fund , an open-ended index scheme replicating Nifty Private Bank Index. This scheme offers investors an opportunity to invest in a basket of India's private banks, which have delivered fundamentals and supported India's economic expansion, according to the fund house. The new fund offer or NFO of the fund is open for subscription and will close on July 14. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sleep Apnea Ruined My Life – Then I Found This Simple Trick Health Insight Undo Also Read | JioBlackRock Overnight Fund opens for subscription. Who should invest? The investment strategy of the fund is to replicate the Nifty Private Bank TRI with a passive approach. Live Events 'Through this product, we offer investors a unique opportunity to access the strength of India's private banking sector in a simple, cost-effective manner. These banks have demonstrated high profitability, robust asset quality, and capital adequacy, making them a potential long-term investment,' said Abhijit Shah, Chief Marketing and Digital Business Officer at ICICI Prudential AMC. Private banks have shown growth in their share of the Indian credit and deposit markets over the past two decades. Loan market share rose from 13% in FY2005 to 36% in FY2025, and deposit market share improved from 11% to 32% over the same period, according to a press release. According to the fund house, why should one invest in this scheme is because it invests in India's top private banks, one of the drivers of the economy, portfolio construction mirrors the Nifty Private Bank Index methodology, Passive structure offers an efficient way to gain exposure, minimum investment of Rs 1,000, with systematic investment options like SIPs and STPs available, and will allow non demat account holders to seek exposure to private bank segment of the market. Also Read | JioBlackRock Mutual Fund: 3 NFOs open for subscription today. Should you invest? The exit load is nil. The minimum amount for daily, weekly, fortnightly, and monthly SIP is Rs 1,000 (plus in multiple of Re 1) with minimum six installments. For quarterly SIP: Rs 1,000 (plus in multiple of Re 1) with minimum four installments. The performance of the fund is benchmarked against Nifty Private Bank TRI and will be managed by Nishit Patel and Ashwini Shinde. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mid East Info
20-06-2025
- Business
- Mid East Info
O Gold and Emirates Gold Forge a Strategic Partnership to Redefine Precious Metals Access in the UAE - Middle East Business News and Information
Empowering everyday investors through direct access to certified gold and silver from trusted refineries Dubai, UAE – 20 June 2025 – O Gold, the UAE's first Emirati fractional gold and silver ownership app, has announced a landmark partnership with Emirates Gold, one of the region's most respected and long-established refineries. Through this collaboration, O Gold's rapidly expanding base of more than 75,000 active users will gain seamless access to an enhanced portfolio of certified gold products at competitive refinery‑direct rates, all delivered with the speed and convenience synonymous with the O Gold Wallet. This partnership marks a significant step forward in making precious metals investment more accessible and transparent for everyday investors in the UAE. By directly connecting O Gold's innovative fractional ownership platform with Emirates Gold's certified refinery products, users can confidently invest in physical gold with unprecedented ease and assurance. 'Our partnership with Emirates Gold is a pivotal moment for O Gold and our users,' said Bandar Alothman, Founder of O Gold. 'We are committed to democratizing access to precious metals, and this collaboration with a highly respected refinery like Emirates Gold directly addresses that goal. Our users can now be assured of the authenticity, quality, and competitive pricing of their gold investments, all within the familiar and convenient O Gold app', he added. Emirates Gold, renowned for its rigorous quality control and commitment to global standards, expressed strong enthusiasm for the partnership. Abhijit Shah, CEO of Emirates Gold, remarked, 'We are proud to join forces with O Gold, a pioneering platform that is transforming how investors across the UAE access precious metals. This collaboration reflects our unwavering commitment to delivering secure, transparent, and world-class precious metals solutions. Together, we are setting a new benchmark for accessibility and trust, empowering a new generation of investors with direct access to certified, high-quality gold.' Emirates Gold, the UAE's most established gold and silver refinery with a legacy of excellence since 1992, and renowned for shaping the precious metals landscape of the Middle East for over 33 years, brings unparalleled industry expertise and trust to this strategic alliance. Through this partnership, O Gold users will gain privileged access to a broader range of high-quality, UAE Good Delivery certified gold and silver bars and coins at competitive rates directly sourced from the refinery and delivered securely to their doorsteps. By combining Emirates Gold's decades-long legacy with O Gold's innovative digital platform, this collaboration reinforces both brands' shared commitment to trust, transparency, and investor empowerment further solidifying O Gold's position as the region's preferred platform for real-asset ownership.
Time of India
21-05-2025
- Business
- Time of India
NFO Monitor: ICICI Prudential Mutual Fund launches Nifty200 Quality 30 Index Fund
ICICI Prudential Mutual Fund announces the launch of the ICICI Prudential Nifty200 Quality 30 Index Fund , an open - ended index scheme replicating Nifty200 Quality 30 Index. This strategy is built on the 'Quality' factor, one of the foundational pillars of factor investing, which emphasises investing in financially sound businesses with strong fundamentals. The new fund offer or NFO of the scheme is open for subscription and will close on June 4. Also Read | NFO Insight: Can Motilal Oswal Services Fund help you gain stability and long-term growth potential? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Factor investing in general targets key performance drivers such as quality, momentum, low volatility, value, and size to optimise returns while managing risk. This new scheme aims to provide investors with access to a curated portfolio of 30 companies from the Nifty 200 universe that scores high on key quality parameters, including return on equity, a low debt-to-equity ratio, and stable earnings growth. 'Through this product, we aim to offer investors a scheme that brings together the core principles of quality investing—resilience, efficiency, and relative stability. This scheme is suitable for those looking to build long-term wealth using a transparent, rule-based approach that has historically performed well during market downturns,' said Abhijit Shah, Chief Marketing and Digital Business Officer at ICICI Prudential AMC. Live Events The exit load is nil. The minimum amount for SIP investment is Rs 1,000 with minimum six installments. The scheme will be benchmarked against Nifty200 Quality 30 TRI. The scheme will be managed by Nishit Patel and Ashwini Shinde. Also Read | 27 equity mutual funds offer over 25% CAGR in both 3 and 5 years. Have you added any to your portfolio? The Scheme provides investors an opportunity to build long-term wealth by owning a portfolio of fundamentally strong companies, particularly at a time when quality stocks are available at reasonable valuations. It follows a passive, rules-based strategy that replicates an index which selects 30 high-quality stocks from the Nifty 200 universe, ensuring transparency and discipline in portfolio construction.
Time of India
10-05-2025
- Business
- Time of India
ICICI Prudential Mutual Fund showcases mothers as an unlikely voice of financial prudence
HighlightsICICI Prudential Mutual Fund launched the 'माँ सब जानती है' campaign, celebrating mothers' instinctive wisdom in guiding their children towards better financial futures. The campaign humorously portrays the relationship between a young son and his pragmatic mother, emphasizing the importance of transitioning from mere saving to smart investing through Systematic Investment Plans. Abhijit Shah, Chief Marketing and Digital Business Officer of ICICI Prudential Asset Management Company, highlighted that the campaign aims to inspire individuals to move beyond habitual saving and embrace purposeful investing for long-term wealth creation. This Mother's Day, ICICI Prudential Mutual Fund has unveiled its latest brand campaign, 'माँ सब जानती है' - a heartfelt tribute to mothers who instinctively know what's best, not only for their children's lives but also for their futures. The campaign humorously captures the dynamic between a young, overconfident son and his sharp, pragmatic mother. Through light-hearted banter and gentle confrontations, the mother emerges as an unlikely voice of financial prudence — nudging her son from merely 'saving' to smartly investing his money through a Systematic Investment Plan ( SIP ) in a mutual fund. The film opens with the son dreaming big— envisioning vacations abroad, quitting his job to start a business, and purchasing a luxury car; all based on limited savings. But each time, his mother grounds him with witty remarks like, 'Tere liye Manali hi theek hai,' and 'Tere liye yehi job theek hai.' Her dry wit is not just humor— it subtly highlights a deeper message: evolving one's financial habits is essential to achieving real growth. The turning point arrives when the mother gently challenges her son: "Tumne apne paiso pe bhi toh limit laga rakhi hai. Sirf 'savings' ki aadat hai… investment ki nahi." She then introduces him to ICICI Prudential Mutual Fund to unlock the growth potential of savings by investing in mutual funds through SIPs. With the campaign's tagline, 'Savings ki aadat badloge nahi, toh badhoge nahi,' ICICI Prudential Mutual Fund delivers a powerful message — in today's world, merely saving is not enough; purposeful investing is key to long-term wealth creation . Abhijit Shah, chief marketing and digital business officer, ICICI Prudential AMC said, 'This campaign beautifully weaves emotion with education. Mothers turn hopes into plans with unwavering support and smart decisions, helping kids convert their dreams into realities. Through a relatable and light-hearted banter between a mother and her son, we hope to inspire individuals to go beyond habitual saving and embrace the power of investing in mutual funds for a stronger financial future." The digital film will be released across platforms including YouTube, Instagram, Facebook, LinkedIn and X. Watch the video here:
Zawya
19-03-2025
- Business
- Zawya
Emirates Gold celebrates 33 years of excellence with strategic expansion plans
Dubai, UAE – Emirates Gold, the first UAE Good Delivery (UAEGD) certified refinery and Dubai's pioneering gold refinery accredited by the DMCC, proudly marks its 33rd anniversary as a global leader in the precious metals industry. Over three decades, the company has built a stellar reputation, producing and selling over 100 million coins and investment bars worldwide—a testament to its unwavering commitment to quality, reliability, and innovation. To commemorate this milestone, Emirates Gold proudly unveils the exclusive 'Arabian Heritage' collection—a distinguished series of gold bars featuring intricate designs inspired by iconic Arabian symbols. This collection celebrates the region's rich cultural heritage, combining exceptional craftsmanship with timeless artistry. It provides investors with a premium product that embodies the traditions and legacy of the UAE and the broader Arabian region. Commenting on this milestone, Abhijit Shah, CEO of Emirates Gold, said: "Our 33-year journey has been defined by excellence, trust, and innovation. We are deeply grateful to our clients, partners, and stakeholders for their unwavering support. As we celebrate this remarkable achievement, we remain committed to driving the industry forward with groundbreaking products and sustainable practices." Since its inception, Emirates Gold has been a pioneer in the precious metals sector, offering a comprehensive range of services, including refining, smelting, assaying, minting, bullion trading, precious stones separation, and corporate gifting. These diverse capabilities have established Emirates Gold as a trusted name in the UAE and beyond, underpinned by its dedication to quality and innovation. In late 2024, the company embarked on an exciting new chapter with its acquisition by Bright East Holding 1, a holding company registered with the Abu Dhabi Global Market (ADGM). This strategic move has set the stage for a renewed vision, positioning Emirates Gold for significant growth and expansion in 2025 and beyond. As it enters its next phase, Emirates Gold plans to strengthen its global footprint across the UAE, GCC, USA, Europe, Southeast Asia, and emerging markets through strategic partnerships and market diversification. The company is also investing in advanced minting technologies, including a coloured minting machine to complement its 3D Pro Fibre Laser Machine and Hydraulic Minting Press, enhancing production capabilities. Emirates Gold remains dedicated to sustainability and innovation, solidifying its leadership in gold and silver investment products while integrating eco-friendly practices and maintaining exceptional product quality. For media inquiries, please contact: About Emirates Gold Emirates Gold DMCC is a leading precious metal refining and minting company based in the United Arab Emirates. With a rich heritage spanning over three decades, Emirates Gold has established itself as a trusted name in the global precious metals industry for its finest quality products. Headquartered in Dubai, UAE, Emirates Gold has a global presence, serving customers and partners across the Middle East, Asia, Europe, and beyond.
