ICICI Bank Completes Transfer of Fund Management Business to ICICI Prudential AMC

ICICI Bank Ltd has announced the completion of the transfer of private equity, venture capital, and real estate fund management business of ICICI Venture Funds Management Company Limited (IVen) to ICICI Prudential Asset Management Company Limited (IPru AMC). The transfer, which was proposed on May 9, 2025, and received necessary approvals, has been completed for certain Alternative Investment Funds (AIFs). IPru AMC will now provide investment management services to five AIFs, including 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, effective April 1, 2026.