Centrum cuts PT on India's ICICI Prudential Asset Management Co

** Brokerage Centrum cuts PT on ICICI Prudential Asset Management Co IICL.NS to 3,845 rupees from 3,900 rupees, retains 'buy' rating

** Says Q2 was a healthy quarter amidst tougher equity markets

** Asset management co's Q2 profit rises 6.1% Y/Y to 8.89 bln rupees ($92.8 mln), revenue rises 16.3% Y/Y

** Emkay says management mentioned that co saw redemption pressure in certain schemes, including hybrid schemes, while gross sales were largely steady

** Management sees building the mid- and small-cap segment

as a 5-7 year effort - Emkay note

** JPMorgan says IICL reported decent operating performance despite a difficult operating environment

** IICL shares up 0.5% for the day, and up ~12% YTD

($1 = 95.7700 Indian rupees)