# Icici Asset Management

> Icici Asset Management is an SEC-registered investment advisory firm in Mumbai, Maharashtra, India, registered since 2021, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 29, 2026.

- CRD: 312825
- Filed as: ICICI ASSET MANAGEMENT
- Legal name: Icici Prudential Asset Management Company Limited
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Mumbai, Maharashtra, India
- Filing period: October 2026
- Form ADV filing dated: June 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/312825
- AdvisorCensus page: https://advisorcensus.com/firm/icici-asset-management-mumbai-maharashtra-312825

## Quick answers

**How is Icici Asset Management compensated?**
On its Form ADV (Item 5.E, October 2026), Icici Asset Management reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Icici Asset Management located?**
Icici Asset Management's principal office is in Mumbai, Maharashtra, India, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Icici Asset Management registered with the SEC or a state?**
Icici Asset Management is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 312825.

**How much does Icici Asset Management manage?**
Icici Asset Management reports $117,058,569,794 in regulatory assets under management in its Form ADV filing dated June 29, 2026 (100% discretionary).

**How have Icici Asset Management's assets and staff changed since 2022?**
In the Form ADV data for Icici Asset Management: Regulatory assets under management: $66,433,012,217 in the October 2022 data and $117,058,569,794 in the October 2026 data, up 76%. Total employees: 2,424 in October 2022 and 3,585 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Icici Asset Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (27,396); corporations or other businesses not listed above (874); pooled investment vehicles (other than investment companies and business development companies) (26).

**Which custodians does Icici Asset Management use?**
Icici Asset Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Icici Bank Limited (affiliated with the firm) as a custodian holding 10% or more of its separately managed account assets.

**Does Icici Asset Management report any disciplinary disclosures?**
Reports 5 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), 11.H(1)(a) (court injunction in the past ten years), 11.H(1)(c) (regulator's civil action dismissed under a settlement), and 11.H(2) (pending civil proceeding). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/312825

**What changed in Icici Asset Management's recent Form ADV filings?**
In the July 2026 filing data: Employees performing advisory functions went from 6 to 3. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Icici Bank Limited (affiliated with the firm)

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $117,058,569,794
- Discretionary: $117,056,610,223
- Non-discretionary: $1,959,571

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 27,396 | $2,426,318,389 |
| Pooled investment vehicles (other than investment companies and business development companies) | 26 | $114,388,470,012 |
| Corporations or other businesses not listed above | 874 | $243,781,393 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2021 (4 years)
- Employees: 3,585 total, 3 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 5 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.H(1)(a): In the past ten years, has a domestic or foreign court issued an injunction against the firm or an advisory affiliate in connection with investment-related activity?
- 11.H(1)(c): Has a domestic or foreign court ever dismissed, under a settlement agreement, an investment-related civil action brought against the firm or an advisory affiliate by a state or foreign financial regulator?
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/312825

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Mumbai

### Websites listed on Form ADV (Item 1.I)
- [iciciaminternational.com](https://iciciaminternational.com)
- [icicietf.com](https://icicietf.com)
- [iciciprualternates.com](https://iciciprualternates.com)
- [icicipruamc.com](https://icicipruamc.com)
- Facebook @iciciprumf
- Facebook facebook.com
- Instagram @iciciprumf
- Instagram @iprualtinvestments
- LinkedIn @icici-prudential-amc-ltd
- X @ICICIAlternates
- X @iciciprumf
- YouTube @ICICIETF
- YouTube @ICICIPrudentialAMC
- YouTube @iciciprualternateinvestments

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $66,433,012,217 | 2,424 | June 29, 2022 |
| October 2023 | $65,736,055,375 | 3,080 | June 29, 2023 |
| October 2024 | $91,484,864,022 | 3,535 | June 28, 2024 |
| October 2025 | $113,233,473,518 | 3,722 | June 30, 2025 |
| October 2026 | $117,058,569,794 | 3,585 | June 29, 2026 |

Regulatory assets under management: $66,433,012,217 in the October 2022 data and $117,058,569,794 in the October 2026 data, up 76%.
Total employees: 2,424 in October 2022 and 3,585 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Employees performing advisory functions went from 6 to 3.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Icici Asset Management (CRD 312825): Form ADV filing data as of October 2026.