ICICI Prudential Alternatives has purchased two office properties in Bengaluru and Pune for about Rs 2,600 crore. The acquisitions are financed through the ICICI Prudential Office Yield Optimiser Fund, acquiring EcoWorld 21 on Bengaluru’s Outer Ring Road and RMZ Edge in Pune’s Koregaon Park, underscoring continued investor focus on premium commercial real estate.
ICICI Prudential’s Balanced Advantage Fund has raised its equity allocation to 61.9%, its highest in nearly five years. The move follows a recent market sell-off, suggesting managers now feel more comfortable with valuations. Using a dynamic approach, the fund can rebalance between equity and debt as conditions change, targeting investors who want automated asset allocation.
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