Core revenue grew just 3.5% year-on-year, equity market share fell to 3.7%, SIP flows declined — but ETF AUM surged 47% The Aditya Birla Sun Life AMC investment thesis has always required patience. The business has the brand, the distribution relationships and the product breadth to be a top-tier AMC — but it has spent … Read more
AUM at Rs 11.1 trillion, PAT up 23%, TER regulations having zero earnings impact, alternatives scaling Among India’s listed asset managers, ICICI Prudential AMC has spent the last several quarters doing something that most of its peers have struggled with — consistently gaining market share while simultaneously expanding margins and launching new products. The first … Read more
Best-in-class PAT growth, consistent equity flow market share, and a gold and silver ETF franchise quietly doing heavy lifting In a quarter where markets were weak and most asset managers were navigating headwinds from softer equity AUM and regulatory uncertainty around expense ratios, Nippon India AMC stood out. PAT growth of 29% year-on-year was, by … Read more
SIP registrations surging, fund performance improving across categories, distribution expanding Among India’s listed asset managers, Aditya Birla Sun Life AMC has carried one persistent overhang for the last several quarters — a gradual erosion of market share in a mutual fund industry that has been growing rapidly. The fourth quarter of FY26 does not erase … Read more