ICICI Prudential Real Estate Development Fund
ICICI Prudential Asset Management Company Limited
Fund profile
About the Fund
ICICI Prudential Real Estate Development Fund follows a focused residential real estate strategy in the Mumbai Metropolitan Region, targeting established developers and quality micro-markets. It emphasises project-level due diligence, legal and technical validation, governance controls and monitored cash flows. The strategy combines location and developer quality with disciplined execution and defined exit mechanisms to pursue risk-adjusted, long-term returns.
Source: About the Fund PDF.
Key metrics
AUM
₹2,000 Cr
Minimum investment
₹1 Crore
Target gross IRR
~20%-25%
Hurdle rate
12% pre-tax
Carry rate
10.00%–15.00%
Fund structure
Close-ended
Source-verified detail
Key Information
Fund manager
Anand Shah
Investment manager
ICICI Prudential Asset Management Company Limited
SEBI category
Category 2
Strategy
Real Estate
Track record
25+ Years
Management fee
1.75%
Investment target
Residential projects
Minimum commitment
2.5% or ₹5 Cr
Status
Active
Data as of
30 Jun 2026
Source: Fact sheet / official materials provided by ICICI Prudential Asset Management Company Limited.
Disclosed figures
Target Return and Fee Rates
Target Return and Fee Rates
Source: Fact sheet / official materials provided by ICICI Prudential Asset Management Company Limited.
Request / Enquiry
