Icici Prudential Asset Management Company Ltd. · NSE:ICICIAMC
Icici Prudential Asset Management — Investor Presentation (April 2026)
28 slides from Icici Prudential Asset Management's investor presentation, Apr 6, 2026
Slide 1: ICICI Prudential PMS Rising Stars Strategy
The information contained herein is solely for private circulation for reading/understanding of registered distributors and should not be circulated to investors/prospective investors. ICICI PRUDENTIAL PMS RISING STARS STRATEGY Discover rising stars. Be part of their growth journey. All data/informa
Slide 2: Index
Index I Key Drivers of Stock Price II Investment Framework III Presenting ICICI Prudential PMS Rising Stars Strategy IV Snapshot our Small & Mid-cap Strategies The information contained herein is solely for private circulation for reading/understanding of registered distributors and should not be ci
Slide 3: Key Drivers of Stock Price
Key Drivers of Stock Price
Slide 4: Drivers of Stock Price
Drivers of Stock Price Price = EPS x P/E Fundamentally Function of RoE and Driven Capital Allocation Price Benefitting from Both Earnings growth & P/E rerating. The aforesaid factors/framework are only indicative. There may be other factors that may be relevant for determination of stock prices. P/E
Slide 5: Markets Reward Companies With Earnings Potential
Markets Reward Companies With Earnings Potential Universe of top 500 NSE Companies by Market Cap (Dec 2007 – Dec 2025) No. of PAT Median ROE Median P/E 18-Year CAGR ↓ Companies Growth 2007 2025 2007 2025 Focus to >15% 139 15% 20.4 17.1 18.1 36.4 Identify Rerating 0% - 15% 294 11% 21.7 12.5 22.8 24.7
Slide 6: Investment Framework
Investment Framework
Slide 7: Investment Framework
Investment Framework In search of companies with meaningful earnings growth and sustainable competitive advantage 1 Business B 2 Management M V Valuation 3 Aims to Identify Prominent businesses, with Competent Management, at Reasonable Valuations Please note that BMV framework mentioned above is dev
Slide 8: Evaluation, Selection and Sizing
Evaluation, Selection and Sizing ~ 2500 1 Initial in-house screening process ~ 2500 ~ 620 2 Active coverage of company ~ 570 *Number of ~ 170-190 3 Applying the BMV Filtration Companies ~120-160 ~ 40-45 4 Strategy Level Filter ~40-45 ~ 25-35 5 Portfolio Construction ~25-30 The aforesaid factors/fram
Slide 9: Wide Research Coverage
Wide Research Coverage A team of over 20 analysts, with a combined experience of over 7 decades, the research team covers as many as 650 companies across 20+ sectors (highlighted below). Agriculture & Auto & Banks & Building Cement Agriculture Input Auto Anc Finance Materials Commercial Consumer Con
Slide 10: Experienced Team
Experienced Team Chockalingam Narayanan Geetika Gupta Prem Khurana Paul S Parampreet Head Equities Sr. Fund Manager Sr. Fund Manager Sr. Fund Manager – AIF* Anand Shah PMS & AIF (Long Only) PMS & AIF PMS Equity CIO – PMS & AIF Anand Shah has more than two decades of fund Supported by Equity manageme
Slide 11: ICICI Prudential PMS Rising Stars Strategy
ICICI Prudential PMS RISING STARS STRATEGY
Slide 12: Opportunities in Small & Mid cap Space
Opportunities in Small & Mid cap Space The Small and Mid Cap stocks of today have the potential of becoming blue chips over the next decade. Calendar Year End - No. of Companies delivering 5x & 3x returns over 5-year periods >5x 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2
Slide 13: Wide Investment Opportunities
Wide Investment Opportunities Nifty 50 Nifty Mid Smallcap 400 83 Different No. of Basic 115 Industries Industries 32 Vs Nifty Covered* 50 Top 10 Industry Alloc (%) Top 10 Industry Alloc (%) Private Sector Bank 26.54 Pharmaceuticals 7.80 Computers - Software & Consulting 10.41 Private Sector Bank 5.2
Slide 14: The Proposition: Potential Sources of Alpha
The Proposition: Potential Sources of Alpha Earnings Potential Margin of Growth PE re-rating Safety Aims to invest in growth Aims to invest in companies Aims to buy businesses stories which seem with possibilities of rising undergoing special situations, sustainable demand and margin cyclicality and
Slide 15: Strategy Attributes
Strategy Attributes Key Features The Portfolio Manager under the Strategy shall Investment Objective: predominantly invest in small capitalisation ICICI Prudential PMS Rising Stars Strategy (the “Rising companies Stars Strategy”) is an equity portfolio which aims to provide long-term capital appreci
Slide 16: Case in Point for our Small & Mid-Cap Strategies
Case in Point for our Small & Mid-Cap Strategies
Slide 17: Case in Point: Sarda Energy & Minerals Ltd
Case in Point: Sarda Energy & Minerals Ltd The company incorporated in 1973, is the flagship company of Sarda group. It is a vertically integrated producer of steel with captive iron ore and commercial coal mines. Key drivers 16.12% CAGR PAT growth over FY21-FY25 • Presence in Global Markets - The g
Slide 18: Case in Point: GE Vernova T&D India Ltd
Case in Point: GE Vernova T&D India Ltd The Company is the listed entity of GE’s Grid Solutions business in India. It has been in the power transmission and distribution business for more than 100 years and provides a range of solutions for connecting and evacuating power from generation sources ont
Slide 19: Case in Point: Jindal Stainless Ltd
Case in Point: Jindal Stainless Ltd Jindal Stainless Ltd (JSL) incorporated in 1970, is a leading stainless-steel manufacturer in India and is one of the leading manufacturers globally in terms of stainless steel capacity. Key drivers Growth in Volumes ~11% in FY26 vs FY25 • Presence in Global Marke
Slide 20: Case in Point: MedPlus Health Services Ltd
Case in Point: MedPlus Health Services Ltd Second largest retail pharmacy chain in India. Product mix covers branded and generic pharmaceutical products, private label pharmaceutical products, branded fast-moving consumer goods, private label consumer goods and recently diagnostics. Rising Store Cou
Slide 21: Snapshot of Our Small and Mid-Cap PMS Strategies
Snapshot of Our Small and Mid-Cap PMS Strategies
Slide 22: ICICI Prudential PMS PIPE Strategy
ICICI Prudential PMS PIPE Strategy Data as of February 28, 2026 Predominantly Small-and Mid-cap Focused Strategy Top 15 Holdings* % Assets Sarda Energy and Minerals Ltd 4.97 No. of Stocks Top 5 Sectors (%) Top 10 Stocks (%) MedPlus Health Services Ltd 3.98 41 50.19% 36.50% Vardhman Textiles Ltd 3.81
Slide 23: ICICI Prudential PMS Emerging Leaders Strategy
ICICI Prudential PMS Emerging Leaders Strategy Predominantly Mid-cap Focused Strategy Data as of February 28, 2026 Top 15 Holdings* % Assets Jindal Stainless Ltd 5.17 No. of Stocks Top 5 Sectors (%) Top 10 Stocks (%) Federal Bank Ltd 4.98 Jindal Steel Ltd 4.61 43 46.60% 37.67% FSN E-Commerce Venture
Slide 24: Strategy Performance as of February 28, 2026
Strategy Performance as of February 28, 2026 1 3 6 1 2 3 4 5 Since Month Months Months Year Years Years Years Years Inception* PIPE Strategy 2.46% -1.72% 2.31% 20.96% 9.70% 25.90% 23.45% 25.02% 25.21% BSE 500 TRI 0.45% -3.13% 3.24% 17.30% 8.09% 17.66% 13.79% 14.78% 17.22% Emerging Leaders 2.70% 1.19
Slide 25: Key Highlights of The Investment Approach
Key Highlights of The Investment Approach Investment Objective: ICICI Prudential PMS Rising Stars Strategy (the “Rising Stars Strategy”) is an equity portfolio which aims to provide long-term capital appreciation and generate returns by investing predominantly in small market capitalization companie
Slide 26: Strategy Specific Risks & Disclaimer
Strategy Specific Risks & Disclaimer Risks associated with ICICI Prudential PMS Rising Stars Strategy investment approach: Investing in mid and smaller companies may lack depth of management, be unable to generate funds necessary for growth or development, or be developing or marketing new products
Slide 27: Risk Factors & Disclaimers
Risk Factors & Disclaimers Mr. Anand Shah is the CIO of PMS & AIF. He oversees all PMS Strategies offered by ICICI Prudential Asset Management Company Limited (the AMC/ Portfolio Manager). The performance of the stock across Individual portfolios may vary significantly from the data depicted above.
Slide 28: ICICI Prudential Asset Management Company Limited
ICICI Prudential Asset Management Company Limited ICICI Prudential Mutual Fund Tower, Vakola, Santacruz East, Mumbai - 400055 Toll Free Number: 1800-268-0001 www.iciciprualternates.com Email: alt@icicipruamc.com The information contained herein is solely for private circulation for reading/understan
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