ICICI Prudential Asset Management exposure via listed AMC – instead: ICICI Securities Ltd.

Securities is a leading retail broking and wealth platform with strong online presence. ​ It benefits from rising retail participation, demat penetration, and distribution of financial products. ​ Asset‑light model and high operating leverage drive profitability in bull markets. ​ Risks include cyclicality in trading volumes, pricing pressures, and competition from discount brokers. ​