# Finance - AMC — company-by-company sector analysis

> Finance - AMC: Tata Capital Ltd owns the largest revenue base; Nippon Life India Asset Management Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

Finance - AMC has outperformed NIFTY 500 by 6.8% over 52 weeks and 2.4% over 13 weeks. 2 of 4 covered companies beat NIFTY on Mansfield relative strength, while 2 of 4 beat the sector itself. Tata Capital Ltd leads with income of ₹31,538 crore, based on 6 of 7 comparable companies through Mar 2026.

### Is the Finance - AMC sector outperforming NIFTY 500?

Finance - AMC has outperformed NIFTY 500 by 6.8% over 52 weeks and 2.4% over 13 weeks. 2 of 4 covered companies beat NIFTY on Mansfield relative strength, while 2 of 4 beat the sector itself.

### Which Finance - AMC company is largest by income?

Tata Capital Ltd leads with income of ₹31,538 crore, based on 6 of 7 comparable companies through Mar 2026.

### Which Finance - AMC company is growing fastest?

Nippon Life India Asset Management Ltd has the fastest current income growth at 23%, across 5 of 7 comparable companies.

### Which Finance - AMC company has the strongest 4-Factor Sector Score?

Nippon Life India Asset Management Ltd ranks first at 62.5/100 with 66.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Finance - AMC company has the lowest comparable P/BV-to-ROE?

Canara Robeco Asset Management Company Ltd has the lowest comparable P/BV ÷ ROE at 0.23, among 6 of 7 companies that pass the metric’s comparability rules.

### How much history does this Finance - AMC comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

Finance - AMC has outperformed NIFTY 500 by 6.8% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 2.4%. 2 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Nippon Life India Asset Management Ltd is the strongest against the sector itself at +14.3%.

13-week sector return versus NIFTY 500: -2.4%
52-week sector return versus NIFTY 500: 6.8%
Stocks leading NIFTY: 2/4
Stocks leading sector: 2/4

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 7
Combined market value: ₹5.2 L Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Nippon Life India Asset Management Ltd (NAM-INDIA): 63/100 — Mixed-positive evidence; evidence 67%
   - Growth & earnings 26.0/35 | Capital efficiency 16.3/25 | Valuation 0.2/20 | Relative strength 20.0/20
   - Exact sum: 26 + 16.3 + 0.2 + 20 = 62.5
   - Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2. Canara Robeco Asset Management Company Ltd (CRAMC): 52/100 — Mixed-positive evidence; evidence 62%
   - Growth & earnings 12.1/35 | Capital efficiency 19.1/25 | Valuation 11.1/20 | Relative strength 10.0/20
   - Exact sum: 12.1 + 19.1 + 11.1 + 10 = 52.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. Aditya Birla Sun Life AMC Ltd (ABSLAMC): 45/100 — Mixed-negative evidence; evidence 67%
   - Growth & earnings 12.9/35 | Capital efficiency 13.7/25 | Valuation 3.9/20 | Relative strength 14.0/20
   - Exact sum: 12.9 + 13.7 + 3.9 + 14 = 44.5
   - Decision use: Price leads the evidence: RS versus the benchmark is 13.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4. HDFC Asset Management Company Ltd (HDFCAMC): 42/100 — Mixed-negative evidence; evidence 61%
   - Growth & earnings 21.5/35 | Capital efficiency 15.4/25 | Valuation 4.4/20 | Relative strength 0.5/20
   - Exact sum: 21.5 + 15.4 + 4.4 + 0.5 = 41.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5. UTI Asset Management Company Ltd (UTIAMC): 32/100 — Adverse evidence; evidence 80%
   - Growth & earnings 3.6/35 | Capital efficiency 13.9/25 | Valuation 11.3/20 | Relative strength 3.0/20
   - Exact sum: 3.6 + 13.9 + 11.3 + 3 = 31.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6. ICICI Prudential Asset Management Co Ltd (ICICIAMC): 50/100 — Thin evidence · provisional; evidence 1%
   - Growth & earnings 17.5/35 | Capital efficiency 12.8/25 | Valuation 10.0/20 | Relative strength 10.0/20
   - Exact sum: 17.5 + 12.8 + 10 + 10 = 50.3
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7. Tata Capital Ltd (TATACAP): 47/100 — Thin evidence · provisional; evidence 26%
   - Growth & earnings 16.8/35 | Capital efficiency 11.7/25 | Valuation 8.8/20 | Relative strength 10.0/20
   - Exact sum: 16.8 + 11.7 + 8.8 + 10 = 47.3
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Income Scale & Growth Durability

What the numbers say: Tata Capital Ltd is the scale leader at ₹31,538 crore, 641.4% ahead of HDFC Asset Management Company Ltd. Nippon Life India Asset Management Ltd's growth is 23% from a ₹2,869 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Tata Capital Ltd is the scale benchmark; Nippon Life India Asset Management Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Tata Capital Ltd's growth falls below Nippon Life India Asset Management Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: Tata Capital Ltd · ₹31,538 crore | 641.4% versus #2 · HDFC Asset Management Company Ltd | 3/3 recent comparable periods | 6/7 companies · 84 observations

Definition: For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.

### Income — largest
1. Tata Capital Ltd (TATACAP): ₹31.5K Cr
2. HDFC Asset Management Company Ltd (HDFCAMC): ₹4.3K Cr
3. Nippon Life India Asset Management Ltd (NAM-INDIA): ₹2.9K Cr
4. UTI Asset Management Company Ltd (UTIAMC): ₹1.9K Cr
5. Aditya Birla Sun Life AMC Ltd (ABSLAMC): ₹1.9K Cr

### Income growth — fastest growers
1. Nippon Life India Asset Management Ltd (NAM-INDIA): 23%
2. HDFC Asset Management Company Ltd (HDFCAMC): 15%
3. Canara Robeco Asset Management Company Ltd (CRAMC): 13%
4. Aditya Birla Sun Life AMC Ltd (ABSLAMC): 6.6%
5. UTI Asset Management Company Ltd (UTIAMC): 1.7%

### 20-quarter Income history
- ICICIAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹2.5K Cr | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 ₹2.9K Cr | Dec 2025 — | Mar 2026 — | Jun 2026 —
- TATACAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹7.2K Cr | Dec 2024 ₹7.1K Cr | Mar 2025 ₹7.5K Cr | Jun 2025 ₹7.7K Cr | Sep 2025 ₹7.7K Cr | Dec 2025 ₹8.0K Cr | Mar 2026 ₹8.2K Cr | Jun 2026 —
- HDFCAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹560 Cr | Mar 2023 ₹541 Cr | Jun 2023 ₹575 Cr | Sep 2023 ₹643 Cr | Dec 2023 ₹671 Cr | Mar 2024 ₹695 Cr | Jun 2024 ₹775 Cr | Sep 2024 ₹887 Cr | Dec 2024 ₹935 Cr | Mar 2025 ₹901 Cr | Jun 2025 ₹968 Cr | Sep 2025 ₹1.0K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.1K Cr | Jun 2026 ₹1.1K Cr
- NAM-INDIA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹354 Cr | Mar 2023 ₹348 Cr | Jun 2023 ₹354 Cr | Sep 2023 ₹397 Cr | Dec 2023 ₹423 Cr | Mar 2024 ₹468 Cr | Jun 2024 ₹505 Cr | Sep 2024 ₹571 Cr | Dec 2024 ₹588 Cr | Mar 2025 ₹567 Cr | Jun 2025 ₹607 Cr | Sep 2025 ₹658 Cr | Dec 2025 ₹705 Cr | Mar 2026 ₹739 Cr | Jun 2026 ₹767 Cr
- ABSLAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹314 Cr | Mar 2023 ₹297 Cr | Jun 2023 ₹311 Cr | Sep 2023 ₹335 Cr | Dec 2023 ₹341 Cr | Mar 2024 ₹366 Cr | Jun 2024 ₹387 Cr | Sep 2024 ₹424 Cr | Dec 2024 ₹445 Cr | Mar 2025 ₹429 Cr | Jun 2025 ₹447 Cr | Sep 2025 ₹461 Cr | Dec 2025 ₹478 Cr | Mar 2026 ₹458 Cr | Jun 2026 ₹463 Cr
- UTIAMC: Sep 2021 ₹383 Cr | Dec 2021 ₹309 Cr | Mar 2022 ₹281 Cr | Jun 2022 ₹293 Cr | Sep 2022 ₹436 Cr | Dec 2022 ₹295 Cr | Mar 2023 ₹301 Cr | Jun 2023 ₹468 Cr | Sep 2023 ₹404 Cr | Dec 2023 ₹449 Cr | Mar 2024 ₹416 Cr | Jun 2024 ₹529 Cr | Sep 2024 ₹538 Cr | Dec 2024 ₹418 Cr | Mar 2025 ₹376 Cr | Jun 2025 ₹547 Cr | Sep 2025 ₹419 Cr | Dec 2025 ₹517 Cr | Mar 2026 ₹390 Cr | Jun 2026 ₹584 Cr
- CRAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹96 Cr | Jun 2024 ₹102 Cr | Sep 2024 ₹104 Cr | Dec 2024 ₹97 Cr | Mar 2025 ₹101 Cr | Jun 2025 ₹121 Cr | Sep 2025 ₹108 Cr | Dec 2025 ₹121 Cr | Mar 2026 ₹104 Cr | Jun 2026 ₹145 Cr

### 20-quarter Income growth history
- ICICIAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 20% | Dec 2025 — | Mar 2026 — | Jun 2026 —
- TATACAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 7.7% | Dec 2025 12% | Mar 2026 9.1% | Jun 2026 —
- HDFCAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 20% | Mar 2024 28% | Jun 2024 35% | Sep 2024 38% | Dec 2024 39% | Mar 2025 30% | Jun 2025 25% | Sep 2025 16% | Dec 2025 15% | Mar 2026 17% | Jun 2026 14%
- NAM-INDIA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 19% | Mar 2024 34% | Jun 2024 43% | Sep 2024 44% | Dec 2024 39% | Mar 2025 21% | Jun 2025 20% | Sep 2025 15% | Dec 2025 20% | Mar 2026 30% | Jun 2026 26%
- ABSLAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 8.6% | Mar 2024 23% | Jun 2024 24% | Sep 2024 27% | Dec 2024 31% | Mar 2025 17% | Jun 2025 16% | Sep 2025 8.7% | Dec 2025 7.4% | Mar 2026 6.8% | Jun 2026 3.6%
- UTIAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -16% | Sep 2022 14% | Dec 2022 -4.5% | Mar 2023 7.1% | Jun 2023 60% | Sep 2023 -7.3% | Dec 2023 52% | Mar 2024 38% | Jun 2024 13% | Sep 2024 33% | Dec 2024 -6.9% | Mar 2025 -9.6% | Jun 2025 3.4% | Sep 2025 -22% | Dec 2025 24% | Mar 2026 3.7% | Jun 2026 6.8%
- CRAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 5.2% | Jun 2025 19% | Sep 2025 3.9% | Dec 2025 25% | Mar 2026 3.0% | Jun 2026 20%

## Profit Scale & Acceleration

What the numbers say: Tata Capital Ltd leads with ₹4,891 crore of TTM profit, 66% above HDFC Asset Management Company Ltd. Nippon Life India Asset Management Ltd shows 21.3% growth from a ₹1,638 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Tata Capital Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Tata Capital Ltd · ₹4,891 crore | 66% versus #2 · HDFC Asset Management Company Ltd | 2/3 recent comparable periods | 6/7 companies · 84 observations

Definition: Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.

### Net profit — largest
1. Tata Capital Ltd (TATACAP): ₹4.9K Cr
2. HDFC Asset Management Company Ltd (HDFCAMC): ₹2.9K Cr
3. Nippon Life India Asset Management Ltd (NAM-INDIA): ₹1.6K Cr
4. Aditya Birla Sun Life AMC Ltd (ABSLAMC): ₹1.0K Cr
5. UTI Asset Management Company Ltd (UTIAMC): ₹513 Cr

### Profit growth — fastest growers
1. Nippon Life India Asset Management Ltd (NAM-INDIA): 21%
2. HDFC Asset Management Company Ltd (HDFCAMC): 13%
3. Canara Robeco Asset Management Company Ltd (CRAMC): 9.0%
4. Aditya Birla Sun Life AMC Ltd (ABSLAMC): 3.7%
5. UTI Asset Management Company Ltd (UTIAMC): -35%

### 20-quarter Net profit history
- ICICIAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹1.3K Cr | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 ₹1.6K Cr | Dec 2025 — | Mar 2026 — | Jun 2026 —
- TATACAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹1.1K Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹1.0K Cr | Jun 2025 ₹1.0K Cr | Sep 2025 ₹1.1K Cr | Dec 2025 ₹1.3K Cr | Mar 2026 ₹1.5K Cr | Jun 2026 —
- HDFCAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹369 Cr | Mar 2023 ₹376 Cr | Jun 2023 ₹477 Cr | Sep 2023 ₹437 Cr | Dec 2023 ₹488 Cr | Mar 2024 ₹541 Cr | Jun 2024 ₹604 Cr | Sep 2024 ₹577 Cr | Dec 2024 ₹641 Cr | Mar 2025 ₹638 Cr | Jun 2025 ₹748 Cr | Sep 2025 ₹718 Cr | Dec 2025 ₹769 Cr | Mar 2026 ₹623 Cr | Jun 2026 ₹837 Cr
- NAM-INDIA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹205 Cr | Mar 2023 ₹198 Cr | Jun 2023 ₹236 Cr | Sep 2023 ₹244 Cr | Dec 2023 ₹284 Cr | Mar 2024 ₹343 Cr | Jun 2024 ₹332 Cr | Sep 2024 ₹360 Cr | Dec 2024 ₹295 Cr | Mar 2025 ₹299 Cr | Jun 2025 ₹396 Cr | Sep 2025 ₹345 Cr | Dec 2025 ₹404 Cr | Mar 2026 ₹385 Cr | Jun 2026 ₹504 Cr
- ABSLAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹166 Cr | Mar 2023 ₹136 Cr | Jun 2023 ₹185 Cr | Sep 2023 ₹178 Cr | Dec 2023 ₹209 Cr | Mar 2024 ₹208 Cr | Jun 2024 ₹236 Cr | Sep 2024 ₹242 Cr | Dec 2024 ₹224 Cr | Mar 2025 ₹228 Cr | Jun 2025 ₹277 Cr | Sep 2025 ₹241 Cr | Dec 2025 ₹270 Cr | Mar 2026 ₹187 Cr | Jun 2026 ₹309 Cr
- UTIAMC: Sep 2021 ₹199 Cr | Dec 2021 ₹127 Cr | Mar 2022 ₹54 Cr | Jun 2022 ₹94 Cr | Sep 2022 ₹201 Cr | Dec 2022 ₹60 Cr | Mar 2023 ₹86 Cr | Jun 2023 ₹234 Cr | Sep 2023 ₹183 Cr | Dec 2023 ₹203 Cr | Mar 2024 ₹181 Cr | Jun 2024 ₹274 Cr | Sep 2024 ₹263 Cr | Dec 2024 ₹174 Cr | Mar 2025 ₹102 Cr | Jun 2025 ₹254 Cr | Sep 2025 ₹132 Cr | Dec 2025 ₹138 Cr | Mar 2026 ₹-51 Cr | Jun 2026 ₹294 Cr
- CRAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹45 Cr | Jun 2024 ₹51 Cr | Sep 2024 ₹50 Cr | Dec 2024 ₹48 Cr | Mar 2025 ₹42 Cr | Jun 2025 ₹61 Cr | Sep 2025 ₹49 Cr | Dec 2025 ₹53 Cr | Mar 2026 ₹41 Cr | Jun 2026 ₹76 Cr

### 20-quarter Profit growth history
- ICICIAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 22% | Dec 2025 — | Mar 2026 — | Jun 2026 —
- TATACAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 -1.2% | Dec 2025 20% | Mar 2026 47% | Jun 2026 —
- HDFCAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 32% | Mar 2024 44% | Jun 2024 27% | Sep 2024 32% | Dec 2024 31% | Mar 2025 18% | Jun 2025 24% | Sep 2025 24% | Dec 2025 20% | Mar 2026 -2.4% | Jun 2026 12%
- NAM-INDIA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 39% | Mar 2024 73% | Jun 2024 41% | Sep 2024 48% | Dec 2024 3.9% | Mar 2025 -13% | Jun 2025 19% | Sep 2025 -4.2% | Dec 2025 37% | Mar 2026 29% | Jun 2026 27%
- ABSLAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 26% | Mar 2024 53% | Jun 2024 28% | Sep 2024 36% | Dec 2024 7.2% | Mar 2025 9.6% | Jun 2025 17% | Sep 2025 -0.4% | Dec 2025 21% | Mar 2026 -18% | Jun 2026 12%
- UTIAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -39% | Sep 2022 1.0% | Dec 2022 -53% | Mar 2023 59% | Jun 2023 149% | Sep 2023 -9.0% | Dec 2023 238% | Mar 2024 110% | Jun 2024 17% | Sep 2024 44% | Dec 2024 -14% | Mar 2025 -44% | Jun 2025 -7.3% | Sep 2025 -50% | Dec 2025 -21% | Mar 2026 -150% | Jun 2026 16%
- CRAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 -6.7% | Jun 2025 20% | Sep 2025 -2.0% | Dec 2025 10% | Mar 2026 -2.4% | Jun 2026 25%

## Funding Base & Its Composition

What the numbers say: There is not enough comparable evidence to name a reliable deposits leader.

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/7 companies · 0 observations

Definition: For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.

### Deposits — largest deposit bases

### Borrowings — largest borrowings
1. Tata Capital Ltd (TATACAP): ₹2.4 L Cr
2. UTI Asset Management Company Ltd (UTIAMC): ₹141 Cr
3. Nippon Life India Asset Management Ltd (NAM-INDIA): ₹75 Cr
4. Aditya Birla Sun Life AMC Ltd (ABSLAMC): ₹64 Cr
5. Canara Robeco Asset Management Company Ltd (CRAMC): ₹18 Cr

### 20-quarter Deposits history

### 20-quarter Borrowings history
- TATACAP: Sep 2021 — | Dec 2021 — | Mar 2022 ₹86.3K Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹1.1 L Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹1.5 L Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹2.1 L Cr | Jun 2025 — | Sep 2025 ₹2.1 L Cr | Dec 2025 — | Mar 2026 ₹2.4 L Cr | Jun 2026 —
- HDFCAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹0 Cr | Dec 2025 — | Mar 2026 ₹0 Cr | Jun 2026 —
- NAM-INDIA: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹79 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹88 Cr | Jun 2025 — | Sep 2025 ₹85 Cr | Dec 2025 — | Mar 2026 ₹75 Cr | Jun 2026 —
- ABSLAMC: Sep 2021 — | Dec 2021 — | Mar 2022 ₹54 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹48 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹79 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹68 Cr | Jun 2025 — | Sep 2025 ₹69 Cr | Dec 2025 — | Mar 2026 ₹64 Cr | Jun 2026 —
- UTIAMC: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 ₹106 Cr | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 ₹113 Cr | Sep 2023 ₹137 Cr | Dec 2023 ₹137 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹139 Cr | Sep 2024 ₹147 Cr | Dec 2024 ₹147 Cr | Mar 2025 ₹142 Cr | Jun 2025 ₹142 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹149 Cr | Mar 2026 ₹141 Cr | Jun 2026 —
- CRAMC: Sep 2021 — | Dec 2021 — | Mar 2022 ₹19 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹17 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹17 Cr | Jun 2024 ₹17 Cr | Sep 2024 — | Dec 2024 ₹16 Cr | Mar 2025 ₹16 Cr | Jun 2025 ₹18 Cr | Sep 2025 ₹19 Cr | Dec 2025 ₹19 Cr | Mar 2026 ₹18 Cr | Jun 2026 ₹18 Cr

## Return On Assets

What the numbers say: Canara Robeco Asset Management Company Ltd leads both roa at 24.9% and roa change at -3.4 percentage points.

Investor read: Canara Robeco Asset Management Company Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roa change signal.

Evidence: Canara Robeco Asset Management Company Ltd · 24.9% | 164.9% versus #2 · UTI Asset Management Company Ltd | 0/2 recent comparable periods | 2/7 companies · 18 observations

Definition: ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.

### ROA — highest
1. Canara Robeco Asset Management Company Ltd (CRAMC): 25%
2. UTI Asset Management Company Ltd (UTIAMC): 9.4%

### ROA change — fastest improvers
1. Canara Robeco Asset Management Company Ltd (CRAMC): −3.4 pp
2. UTI Asset Management Company Ltd (UTIAMC): −5.0 pp

### 20-quarter ROA history
- UTIAMC: Sep 2021 — | Dec 2021 — | Mar 2022 9.9% | Jun 2022 5.8% | Sep 2022 12% | Dec 2022 10% | Mar 2023 6.6% | Jun 2023 6.6% | Sep 2023 12% | Dec 2023 — | Mar 2024 15% | Jun 2024 — | Sep 2024 17% | Dec 2024 — | Mar 2025 14% | Jun 2025 — | Sep 2025 12% | Dec 2025 — | Mar 2026 9.4% | Jun 2026 —
- CRAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 31% | Mar 2025 28% | Jun 2025 23% | Sep 2025 29% | Dec 2025 22% | Mar 2026 25% | Jun 2026 —

### 20-quarter ROA change history
- UTIAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 −3.3 pp | Jun 2023 +0.8 pp | Sep 2023 −0.3 pp | Dec 2023 — | Mar 2024 +8.4 pp | Jun 2024 — | Sep 2024 +5.2 pp | Dec 2024 — | Mar 2025 −0.6 pp | Jun 2025 — | Sep 2025 −4.8 pp | Dec 2025 — | Mar 2026 −5.0 pp | Jun 2026 —
- CRAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 −9.0 pp | Mar 2026 −3.4 pp | Jun 2026 —

## ROE — Leaders & Improvers

What the numbers say: Nippon Life India Asset Management Ltd leads roe at 34.5%; Tata Capital Ltd leads roe change at -1 percentage points.

Investor read: Nippon Life India Asset Management Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roe change signal.

Evidence: Nippon Life India Asset Management Ltd · 34.5% | 4.9% versus #2 · HDFC Asset Management Company Ltd | Not enough history | 6/7 companies · 27 observations

Definition: ROE shows the return to shareholders, but should be read with asset quality and leverage.

### ROE — highest
1. Nippon Life India Asset Management Ltd (NAM-INDIA): 35%
2. HDFC Asset Management Company Ltd (HDFCAMC): 33%
3. Canara Robeco Asset Management Company Ltd (CRAMC): 30%
4. Aditya Birla Sun Life AMC Ltd (ABSLAMC): 25%
5. Tata Capital Ltd (TATACAP): 12%

### ROE change — fastest improvers
1. Tata Capital Ltd (TATACAP): −1.0 pp
2. UTI Asset Management Company Ltd (UTIAMC): −2.7 pp
3. Canara Robeco Asset Management Company Ltd (CRAMC): −5.6 pp

### 20-quarter ROE history
- UTIAMC: Sep 2021 19% | Dec 2021 24% | Mar 2022 15% | Jun 2022 6.0% | Sep 2022 10% | Dec 2022 22% | Mar 2023 6.5% | Jun 2023 8.6% | Sep 2023 24% | Dec 2023 18% | Mar 2024 18% | Jun 2024 15% | Sep 2024 22% | Dec 2024 21% | Mar 2025 14% | Jun 2025 8.0% | Sep 2025 20% | Dec 2025 11% | Mar 2026 11% | Jun 2026 —
- CRAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 45% | Dec 2024 35% | Mar 2025 32% | Jun 2025 29% | Sep 2025 39% | Dec 2025 29% | Mar 2026 31% | Jun 2026 23%

### 20-quarter ROE change history
- UTIAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −8.8 pp | Dec 2022 −1.8 pp | Mar 2023 −8.2 pp | Jun 2023 +2.6 pp | Sep 2023 +13.8 pp | Dec 2023 −4.8 pp | Mar 2024 +11.7 pp | Jun 2024 +6.8 pp | Sep 2024 −2.1 pp | Dec 2024 +3.6 pp | Mar 2025 −4.3 pp | Jun 2025 −7.4 pp | Sep 2025 −2.4 pp | Dec 2025 −10.6 pp | Mar 2026 −2.7 pp | Jun 2026 —
- CRAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 −6.2 pp | Dec 2025 −5.7 pp | Mar 2026 −0.7 pp | Jun 2026 −5.6 pp

## Gross NPA — Leaders & Improvers

What the numbers say: There is not enough comparable evidence to name a reliable gross npa leader.

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current gnpa change signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/7 companies · 1 observations

Definition: Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.

### Gross NPA — lowest

### GNPA change — fastest improvers

### 20-quarter Gross NPA history
- TATACAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 0.8% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

### 20-quarter GNPA change history

## Valuation Against Growth & Quality

What the numbers say: Canara Robeco Asset Management Company Ltd has the lowest comparable P/BV ÷ ROE at 0.23×, 4.2% below UTI Asset Management Company Ltd. Only 6 of 7 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: Canara Robeco Asset Management Company Ltd · 0.23× | 4.2% versus #2 · UTI Asset Management Company Ltd | 0/3 recent comparable periods | 6/7 companies · 22 observations

Definition: Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.

### P/BV ÷ ROE — lowest return-adjusted price
1. Canara Robeco Asset Management Company Ltd (CRAMC): 0.2
2. UTI Asset Management Company Ltd (UTIAMC): 0.2
3. Tata Capital Ltd (TATACAP): 0.3
4. Aditya Birla Sun Life AMC Ltd (ABSLAMC): 0.3
5. HDFC Asset Management Company Ltd (HDFCAMC): 0.4

### P/BV — lowest P/BV
1. UTI Asset Management Company Ltd (UTIAMC): 2.5
2. Tata Capital Ltd (TATACAP): 3.2
3. Canara Robeco Asset Management Company Ltd (CRAMC): 7.0
4. Aditya Birla Sun Life AMC Ltd (ABSLAMC): 7.3
5. HDFC Asset Management Company Ltd (HDFCAMC): 11.7

### 20-quarter P/BV ÷ ROE history
- UTIAMC: Sep 2021 0.2 | Dec 2021 0.2 | Mar 2022 0.3 | Jun 2022 0.4 | Sep 2022 0.2 | Dec 2022 0.1 | Mar 2023 0.3 | Jun 2023 0.3 | Sep 2023 0.1 | Dec 2023 0.2 | Mar 2024 0.1 | Jun 2024 0.2 | Sep 2024 0.2 | Dec 2024 0.2 | Mar 2025 0.2 | Jun 2025 0.5 | Sep 2025 0.2 | Dec 2025 0.3 | Mar 2026 0.2 | Jun 2026 —
- CRAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 0.3 | Mar 2026 0.2 | Jun 2026 0.3

### 20-quarter P/BV history
- TATACAP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 3.6 | Jun 2026 —
- HDFCAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 8.7 | Mar 2023 6.7 | Jun 2023 8.0 | Sep 2023 9.2 | Dec 2023 11.4 | Mar 2024 13.3 | Jun 2024 13.9 | Sep 2024 13.3 | Dec 2024 13.4 | Mar 2025 12.6 | Jun 2025 13.5 | Sep 2025 14.8 | Dec 2025 14.6 | Mar 2026 12.8 | Jun 2026 12.3
- NAM-INDIA: Sep 2021 — | Dec 2021 — | Mar 2022 6.5 | Jun 2022 — | Sep 2022 — | Dec 2022 4.6 | Mar 2023 3.8 | Jun 2023 5.1 | Sep 2023 5.8 | Dec 2023 7.8 | Mar 2024 8.3 | Jun 2024 10.2 | Sep 2024 10.4 | Dec 2024 11.4 | Mar 2025 9.0 | Jun 2025 12.4 | Sep 2025 12.9 | Dec 2025 12.6 | Mar 2026 12.1 | Jun 2026 15.6
- ABSLAMC: Sep 2021 — | Dec 2021 — | Mar 2022 7.3 | Jun 2022 — | Sep 2022 — | Dec 2022 5.6 | Mar 2023 4.1 | Jun 2023 4.9 | Sep 2023 5.0 | Dec 2023 4.9 | Mar 2024 4.8 | Jun 2024 7.2 | Sep 2024 6.7 | Dec 2024 7.2 | Mar 2025 5.6 | Jun 2025 7.0 | Sep 2025 6.0 | Dec 2025 6.2 | Mar 2026 7.3 | Jun 2026 8.8
- UTIAMC: Sep 2021 4.3 | Dec 2021 4.0 | Mar 2022 3.7 | Jun 2022 2.5 | Sep 2022 2.5 | Dec 2022 3.0 | Mar 2023 2.2 | Jun 2023 2.8 | Sep 2023 2.6 | Dec 2023 2.8 | Mar 2024 2.6 | Jun 2024 3.3 | Sep 2024 3.6 | Dec 2024 3.7 | Mar 2025 3.1 | Jun 2025 3.6 | Sep 2025 3.6 | Dec 2025 3.3 | Mar 2026 2.7 | Jun 2026 2.6
- CRAMC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 9.3 | Mar 2026 6.4 | Jun 2026 6.6

## Market action

Nippon Life India Asset Management Ltd has the strongest one-year price move in Finance - AMC at +32.2%. It also leads on Mansfield relative strength against NIFTY at +19.8%. 2 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-24.

### Strongest one-year price performers
1. Nippon Life India Asset Management Ltd (NAM-INDIA): 32%
2. Aditya Birla Sun Life AMC Ltd (ABSLAMC): 18%
3. HDFC Asset Management Company Ltd (HDFCAMC): -10%
4. UTI Asset Management Company Ltd (UTIAMC): -38%

### Strongest relative strength versus NIFTY 500
1. Nippon Life India Asset Management Ltd (NAM-INDIA): 20%
2. Aditya Birla Sun Life AMC Ltd (ABSLAMC): 13%
3. HDFC Asset Management Company Ltd (HDFCAMC): -5.6%
4. UTI Asset Management Company Ltd (UTIAMC): -19%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
- Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
- 4 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
- Thin comparisons: Funding base, Return on assets, Asset quality have fewer than three usable current readings.

## Every company
- ICICI Prudential Asset Management Co Ltd (ICICIAMC) — market value ₹1.5 L Cr; latest fundamentals Sep 2025; second-feed figures WITHHELD
- Tata Capital Ltd (TATACAP) — market value ₹1.5 L Cr; latest fundamentals Mar 2026; second-feed figures WITHHELD
- HDFC Asset Management Company Ltd (HDFCAMC) — market value ₹1.1 L Cr; latest fundamentals Jun 2026; second-feed figures WITHHELD
- Nippon Life India Asset Management Ltd (NAM-INDIA) — market value ₹71.1K Cr; latest fundamentals Jun 2026
- Aditya Birla Sun Life AMC Ltd (ABSLAMC) — market value ₹29.4K Cr; latest fundamentals Jun 2026; second-feed figures WITHHELD
- UTI Asset Management Company Ltd (UTIAMC) — market value ₹11.3K Cr; latest fundamentals Jun 2026
- Canara Robeco Asset Management Company Ltd (CRAMC) — market value ₹5.2K Cr; latest fundamentals Jun 2026

## Source standing of each company

Cross-checked: 2. Unverified: 1. Withheld: 4. Graded companies: 7.

4 of 7 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: ICICI Prudential Asset Management Co Ltd (ICICIAMC) — its two data sources disagree by up to 50% on reported income across 1 comparable period, so its derived ratios are withheld; Tata Capital Ltd (TATACAP) — its two data sources disagree by up to 34% on reported income across 7 comparable periods, so its derived ratios are withheld; HDFC Asset Management Company Ltd (HDFCAMC) — its two data sources disagree by up to 27% on reported income across 15 comparable periods, so its derived ratios are withheld; Aditya Birla Sun Life AMC Ltd (ABSLAMC) — its two data sources disagree by up to 26% on reported income across 14 comparable periods, so its derived ratios are withheld.

- WITHHELD | ICICIAMC | ICICI Prudential Asset Management Co Ltd | runtime_contradicted | disagreement up to 49.96% over 1 comparable periods
- WITHHELD | TATACAP | Tata Capital Ltd | diff_gt_2pct | disagreement up to 34.49% over 7 comparable periods
- WITHHELD | HDFCAMC | HDFC Asset Management Company Ltd | diff_gt_2pct | disagreement up to 27.32% over 15 comparable periods
- WITHHELD | ABSLAMC | Aditya Birla Sun Life AMC Ltd | diff_gt_2pct | disagreement up to 26.35% over 14 comparable periods

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty Finance - AMC index?

The Nifty Finance - AMC index tracks India's listed Finance - AMC companies as a single basket. This page follows the same 7 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Finance - AMC sector rather than to its largest constituent. Figures are as of Jun 2026.

### Which are the best Finance - AMC stocks in India?

Ranked by this page's four-factor score, Nippon Life India Asset Management Ltd places first among 7 listed Finance - AMC companies, followed by Canara Robeco Asset Management Company Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Finance - AMC stocks are listed in India?

This comparison covers 7 listed Finance - AMC companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

### Which Finance - AMC company is the biggest?

Tata Capital Ltd is the largest, with trailing-twelve-month income of ₹31,538 crore, ahead of HDFC Asset Management Company Ltd at ₹4,254 crore. That covers 6 of 7 companies with comparable reporting through Mar 2026.

### Which Finance - AMC company is growing fastest?

Nippon Life India Asset Management Ltd has the fastest income growth at 23% year on year, across 5 of 7 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Finance - AMC company makes the most profit?

Tata Capital Ltd earns the most, at ₹4,891 crore of trailing-twelve-month net profit, from 6 of 7 comparable companies. Nippon Life India Asset Management Ltd has the fastest profit growth at 21.3%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Finance - AMC company earns the highest return on capital?

Canara Robeco Asset Management Company Ltd leads on return on assets at 24.9%, across 2 of 7 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Finance - AMC stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — Canara Robeco Asset Management Company Ltd screens cheapest at 0.23×. Only 6 of 7 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Is the Finance - AMC sector beating the market?

Finance - AMC has outperformed NIFTY 500 by 6.8% over the last 52 weeks and 2.4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Finance - AMC stock has the strongest price momentum?

Nippon Life India Asset Management Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Finance - AMC company scores highest for research priority?

Nippon Life India Asset Management Ltd scores 62.5 out of 100 with 66.6% evidence confidence, from 26 points on growth and earnings, 16.3 on capital efficiency, 0.2 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Finance - AMC companies does this comparison cover, and over what period?

It compares 7 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Finance - AMC sector?

The 7 Finance - AMC companies on this page carry ₹5,24,110 crore of combined market value. ICICI Prudential Asset Management Co Ltd is the largest at ₹1,54,485 crore, about 29% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

### What is the Finance - AMC sector's P/B ratio?

The median price-to-book ratio across the 7 Finance - AMC companies on this page is 7.3×, measured on the 6 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

### How is the Finance - AMC sector performing?

2 of the 4 covered Finance - AMC companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 6.8% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-29.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/finance-amc