: ICICI Prudential AMC is Gold Award winner #FinanceIndia #StockMarketNEWS #Business Panaji: ICICI Prudential Asset Management Company was awarded the Gold Award for Leadership in Credit Risk Management

@StockMarketNEWS Sat 21 Mar, 2020

Posted in: #Business #FinanceIndia #StockMarketNEWS

ICICI Prudential AMC is Gold Award winner #FinanceIndia #StockMarketNEWS #Business
Panaji: ICICI Prudential Asset Management Company was awarded
the Gold Award for Leadership in Credit Risk Management at Outlook Money
Awards. The Award was announced under the Editorâ€™s Choice segment where
outstanding contributors in the BFSI segment were being honoured. The fund
house was recognised for its exceptional performance in credit risk management
at a time when several of the fund houses were reeling under the aftereffects
of several debt papers going bad. â€œTen years ago the company took a conscious
decision to separate credit risk management from fund management. Hence, the
team assessing credit risk is not swayed by higher yields, instead it focuseson
risks associated with a paper and this helps in taking an independent call.Many
of these funds had a higher YTM than our schemes. But we believe that bynot
chasing higher yields and following our independent assessment of credit,we
have managed to ride out the unfavourable credit environment, well in
recenttimes,â€? said Nimesh Shah, MD &CEO,ICICI Prudential. NT
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