{"id":15799,"date":"2025-12-11T15:48:58","date_gmt":"2025-12-11T10:18:58","guid":{"rendered":"https:\/\/www.torusdigital.com\/toruscope\/?p=15799"},"modified":"2025-12-11T16:36:07","modified_gmt":"2025-12-11T11:06:07","slug":"icici-pru-amc-ipo-vs-other-amc-ipos","status":"publish","type":"post","link":"https:\/\/www.torusdigital.com\/toruscope\/news\/icici-pru-amc-ipo-vs-other-amc-ipos\/","title":{"rendered":"ICICI Prudential AMC IPO: What Sets the Country\u2019s Top Fund House Apart from Peers"},"content":{"rendered":"

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ICICI Prudential Asset Management Company<\/a>, India\u2019s largest active fund manager, is preparing for its upcoming public market debut through a \u20b910,603 crore offer for sale. The firm\u2019s disclosures highlight a strong and widening lead across operational, financial and distribution parameters when compared with listed peers such as HDFC AMC<\/a>, Nippon Life India AMC<\/a>, Canara Robeco AMC<\/a>, UTI AMC<\/a>, and Aditya Birla Sun Life AMC<\/a>. The data presented in the RHP signals a business that has consolidated its position at the top of the industry and continues to strengthen its competitive advantages.<\/p>\n

<\/span>Revenue Growth Driven by Equity Scale<\/strong><\/span><\/h2>\n

<\/span>Revenue Comparison<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nFY25 Revenue (\u20b9 crore)<\/strong><\/td>\n1HFY26 Revenue (\u20b9 crore)<\/strong><\/td>\n<\/tr>\n<\/thead>\n
ICICI Prudential AMC<\/strong><\/td>\n4,683<\/strong><\/td>\n2,733<\/strong><\/td>\n<\/tr>\n
HDFC AMC<\/td>\n3,498<\/td>\nN.A.<\/td>\n<\/tr>\n
Nippon AMC<\/td>\n2,065<\/td>\nN.A.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>QAAUM Comparison (as of 30 Sept 2025)<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nTotal Mutual Fund QAAUM (\u20b9 lakh crore)<\/strong><\/td>\n<\/tr>\n<\/thead>\n
ICICI Prudential AMC<\/strong><\/td>\n10.15<\/strong><\/td>\n<\/tr>\n
HDFC AMC<\/td>\n8.81<\/td>\n<\/tr>\n
Nippon AMC<\/td>\n6.56<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Equity Oriented QAAUM<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nEquity QAAUM (\u20b9 lakh crore)<\/strong><\/td>\n<\/tr>\n<\/thead>\n
ICICI Prudential AMC<\/strong><\/td>\n5.66<\/strong><\/td>\n<\/tr>\n
HDFC AMC<\/td>\n5.34<\/td>\n<\/tr>\n
Nippon AMC<\/td>\n3<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Key drivers of momentum:<\/strong>
\n\u2022 Large equity and hybrid book
\n\u2022 Strong monetisation ability due to scale<\/p>\n

<\/span>Profitability: A Clear Leadership Position<\/strong><\/span><\/h2>\n

<\/span>Net Profit FY25<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nNet Profit FY25 (\u20b9 crore)<\/strong><\/td>\n<\/tr>\n<\/thead>\n
ICICI Prudential AMC<\/strong><\/td>\n2,651<\/strong><\/td>\n<\/tr>\n
HDFC AMC<\/td>\n2,461<\/td>\n<\/tr>\n
Nippon AMC<\/td>\n1,286<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Profit Before Tax FY25<\/strong><\/span><\/h3>\n\n\n\n\n\n
Company<\/strong><\/td>\nPBT FY25 (\u20b9 crore)<\/strong><\/td>\n<\/tr>\n<\/thead>\n
ICICI Prudential AMC<\/strong><\/td>\n3,533<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Additional insight:<\/strong>
\n\u2022 ICICI Prudential AMC generated around 20%<\/strong>\u00a0of the entire sector\u2019s operating profit in FY25.<\/p>\n

<\/span>Strong Margins and Exceptional Return Ratios<\/strong><\/span><\/h2>\n

<\/span>ROE FY25<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nROE FY25 (%)<\/strong><\/td>\n<\/tr>\n<\/thead>\n
ICICI Prudential AMC<\/strong><\/td>\n82.8<\/strong><\/td>\n<\/tr>\n
HDFC AMC<\/td>\n30.3<\/td>\n<\/tr>\n
Nippon AMC<\/td>\n29.3<\/td>\n<\/tr>\n
ABSL AMC<\/td>\n25<\/td>\n<\/tr>\n
UTI AMC<\/td>\n15.9<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Operating Margin<\/strong><\/span><\/h3>\n