AMC

ICICI Prudential Asset Management Company (AMC) has received regulatory approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO), marking a significant milestone in the firm’s growth trajectory. The move will allow the AMC to raise capital for business expansion, strengthen its market presence, and enhance investor participation in India’s mutual fund industry. Analysts note that the IPO is well-timed given robust inflows into mutual funds and growing retail participation.

The Competition Commission of India (CCI) has granted approval for the acquisition of ICICI Prudential Asset Management Company (AMC), marking a significant development in India’s asset management sector. This clearance facilitates strategic consolidation, enabling enhanced scale, operational efficiency, and competitive positioning in a rapidly evolving market. The deal is expected to strengthen the acquiring entity’s portfolio, deepen market penetration, and leverage ICICI Prudential AMC’s established distribution networks and fund management expertise.

India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), is preparing to overhaul how asset management companies (AMCs) pay brokerage fees—an initiative aimed at improving transparency, reducing hidden costs, and safeguarding investor interests. The proposed framework seeks to standardize brokerage payouts, limit excessive commissions, and introduce clearer disclosure norms across the mutual fund industry.

Aditya Birla Sun Life Asset Management Company (AMC) reported a largely flat net profit for the second quarter, reflecting stable operational performance despite volatile market conditions. While revenue from management fees remained steady, fluctuating equity markets and cautious investor sentiment limited incremental growth. The AMC continues to focus on strengthening its mutual fund portfolio, improving customer engagement, and expanding distribution channels.

HDFC Asset Management Company (HDFC AMC) posted a net profit of Rs 718.43 crore for the September quarter, reflecting a 24% year-on-year increase driven by robust assets under management (AUM) growth and strong fee income. The company benefited from sustained investor inflows across equity and debt schemes, coupled with operational efficiencies. Analysts note that HDFC AMC’s performance underscores its leadership in India’s asset management sector, resilience in a competitive market, and strategic focus on digital platforms and client engagement.

The Securities and Exchange Board of India (SEBI) has granted approval for the initial public offerings (IPOs) of Canara Robeco Asset Management and Hero Motors. These approvals pave the way for both companies to raise capital from the public, aiming to fund growth initiatives and strengthen market positioning. Canara Robeco seeks to expand its asset management operations, while Hero Motors intends to scale manufacturing and technological capabilities in the automotive sector.

UTI Asset Management Company reported a 7% year-on-year decline in its net profit for the first quarter of FY2025, registering Rs. 237 crore compared to Rs. 255 crore in the same period last year. While the company saw steady growth in its average assets under management (AAUM), increased operating expenses and subdued fee income impacted overall profitability.

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HDFC Asset Management Company (HDFC AMC) reported a robust 24% year-on-year increase in its net profit for the first quarter of FY25, reaching Rs. 748 crore. The company’s performance was driven by steady inflows into equity schemes, higher average assets under management (AAUM), and improved operational efficiency. As investor confidence in mutual funds strengthens, HDFC AMC continues to capitalize on retail participation and SIP growth.

PGIM India Asset Management has appointed Abhishek Tiwari as its new Chief Executive Officer, marking a significant leadership transition at the helm of the investment firm. With nearly two decades of experience across asset management, equity research, and financial strategy, Tiwari is expected to strengthen PGIM India’s market presence and expand its portfolio of offerings. His appointment aligns with the company’s broader strategy to deepen investor engagement and sharpen its competitive edge in India’s rapidly evolving mutual fund landscape.