ICICI Bank on WebNotes

ICICI Bank at PPFCF

Sat, 16 May 2026 00:00:00 +0000

Lead

ICICI Bank Limited has been a long-running domestic holding of the Parag Parikh Flexi Cap Fund (PPFCF) and one of the two large private-sector bank anchors in the scheme. The position has run alongside HDFC Bank at PPFCF as a paired exposure to the high-quality private-banking thesis that has been a recurring theme in PPFAS’s domestic-equity allocation.

For PPFAS Mutual Fund and the fund management team led by Rajeev Thakkar , Raunak Onkar and Rukun Tarachandani , ICICI Bank represented one of the cleanest turnaround narratives in Indian financial services. After a difficult period of corporate-loan stress and governance controversy in the 2016 to 2018 cycle, the bank was reshaped under Sandeep Bakhshi (who became MD and CEO in October 2018) into a higher-quality, retail-focused, technology-driven franchise. The turnaround offered the kind of contrarian, multi-year accumulation opportunity consistent with the PPFAS investment philosophy and PPFAS contrarian investing .

PPFAS view on banking and financials

Sat, 16 May 2026 00:00:00 +0000

The PPFAS view on banking and financials is the body of investment reasoning through which PPFAS Mutual Fund has built and maintained substantial positions in Indian banking and financial-services equities at the Parag Parikh Flexi Cap Fund , including the long-running positions in HDFC Bank , ICICI Bank , Kotak Mahindra Bank Limited and Bajaj Holdings and Investment Limited. The banking-and-financials view is structurally consistent with the broader PPFAS investment philosophy of value investing , margin of safety , focused portfolio construction and the owner mindset framework, and has been articulated through monthly factsheet commentary by Chief Investment Officer Rajeev Thakkar and at the PPFAS Annual Unitholders’ Meet by the broader investment team.

ICICI Prudential Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

ICICI Prudential Mutual Fund is an Indian asset management company, formally constituted as ICICI Prudential Asset Management Company Limited, and is consistently one of the two or three largest mutual funds in India by assets under management. The AMC is jointly sponsored by ICICI Bank Limited, India’s second-largest private sector bank, and Prudential plc of the United Kingdom, one of the world’s largest financial services groups. As of March 2024, ICICI Prudential AMC managed assets exceeding Rs 7 lakh crore across over 100 schemes spanning equity, debt, hybrid, passive, and solution-oriented categories.