ISIF (ICICI)
Our view on their team, the pedigree, the funds & investment philosophy followed.
IME's Review of ISIF (ICICI)
| AMC Rating | Pedigree Rating | Team Rating | Philosophy Rating |
|---|---|---|---|
Upgrade | Upgrade | Upgrade | Upgrade |
AMC View
We maintain a neutral stance on the SIF arm of ICICI Prudential AMC. While the SIF structure offers access to more sophisticated and differentiated investment strategies, it remains relatively new and lacks a meaningful track record, warranting caution given the higher complexity and risks involved. That said, ICICI Prudential’s established pedigree across multiple long–short and alternative strategies provides a strong foundation, giving the platform potential to scale credibility over time. Investors specifically seeking advanced strategies may consider the SIF offering, while remaining mindful of its limited operating history
AMC Pedigree
iSIF is housed within ICICI Prudential Mutual Fund, one of India’s largest and most institutionally mature asset managers, backed by strong parentage and a long operating history. While the SIF platform itself is new, its credibility is anchored in ICICI Prudential AMC’s decades-long experience in managing strategies across asset classes and structures.
Team Pedigree
iSIF leverages ICICI Prudential’s broader senior investment bench rather than relying on a standalone SIF-only team. The strategies draw on experienced equity, derivatives, and asset-allocation managers, supported by one of the deepest research platforms in the Indian market. Senior leadership, including Sankaran Naren and Manish Banthia, is directly involved in the investment oversight of the SIF structure
Investment Philosophy
ISIF does not adhere to a single overarching investment philosophy at the AMC level, instead employing frameworks designed on a strategy-specific basis. Given that the SIF platform is still new, the AMC is in the process of establishing and refining its operating and investment frameworks within this structure
Investment team
Sankaran Naren | 5-star rated FM
CIO | 37 yrs Experience | 21 yrs at current firm
Past Experience: HDFC (COO)
Sankaren Naren joined ICICI Pru AMC in 2004 as the Fund Manager and in 2011, he got promoted as the CIO. He has more than 30 years of experience. Prior to joining ICICI Prudential AMC he has worked with Refco Sify Securities India Pvt. Ltd., HDFC Securities Ltd. and Yoha Securities. He is is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.
Manish Banthia | 4-star rated FM
CIO | 23 yrs Experience | 20 yrs at current firm
Past Experience: Aditya Birla Nuvo (Deputy Manager)
Manish Banthia is the CIO - Fixed Income function and anchors key roles which includes fixed income trading, credit analysis and product development. He also advises Indian Fixed Income Fund domiciled in Japan. His core competency lies in portfolio management, rates trading and credit research. His Career started in 2014 with Aditya Birla Group as a Management Trainee. He has been with ICICI since 2005. He is a Chartered Accountant and holds a Masters in Business Administration from Indian Institute of Foreign Trade (IIFT) Delhi.
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