Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Finance - AMC Stocks in India

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

01 · the index people search for

Nifty Finance - AMC Index — Constituents & Performance

The Finance - AMC companies below are the listed Indian Finance - AMC universe this page tracks — the same constituent set people search for as the Nifty Finance - AMC index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Finance - AMC moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 37% ahead of NIFTY 500. Earnings across its companies grew 7% on average over the last four reported quarters — close to flat.

FADING · −4 in 4wPrice up, without the fundamentals confirming2 of 7 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑1w · 4/7 >200d (+0) · 2/7 lead (−4) · EPS 5/7↑

20020262025202420232022 370333 TRAILING 12-MONTH EPS · 100 AT THE START0100143Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 4 reportingDec 2023 · trailing 12-month earnings per share at 108, against 100 at the start · no comparable year yet · 4 reportingMar 2024 · trailing 12-month earnings per share at 121, against 100 at the start · no comparable year yet · 4 reportingJun 2024 · trailing 12-month earnings per share at 130, against 100 at the start · no comparable year yet · 4 reportingSep 2024 · trailing 12-month earnings per share at 135, against 100 at the start · up 41.3% on a year ago · 5 reportingDec 2024 · trailing 12-month earnings per share at 143, against 100 at the start · up 30.7% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 140, against 100 at the start · up 17.1% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 136, against 100 at the start · up 14.0% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 105, against 100 at the start · up 0.4% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 130, against 100 at the start · up 9.6% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 127, against 100 at the start · up 6.9% on a year ago · 6 reportingJun 2026 · trailing 12-month earnings per share at 134, against 100 at the start · up 10.9% on a year ago · 6 reportingNot reported yet — earnings trail price by a quarter or two134No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20020262025202420232022 370333 TRAILING 12-MONTH EPS · 100 AT THE START0100143Jun 24Jun 25Jun 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 4 reportingDec 2023 · trailing 12-month earnings per share at 108, against 100 at the start · no comparable year yet · 4 reportingMar 2024 · trailing 12-month earnings per share at 121, against 100 at the start · no comparable year yet · 4 reportingJun 2024 · trailing 12-month earnings per share at 130, against 100 at the start · no comparable year yet · 4 reportingSep 2024 · trailing 12-month earnings per share at 135, against 100 at the start · up 41.3% on a year ago · 5 reportingDec 2024 · trailing 12-month earnings per share at 143, against 100 at the start · up 30.7% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 140, against 100 at the start · up 17.1% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 136, against 100 at the start · up 14.0% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 105, against 100 at the start · up 0.4% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 130, against 100 at the start · up 9.6% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 127, against 100 at the start · up 6.9% on a year ago · 6 reportingJun 2026 · trailing 12-month earnings per share at 134, against 100 at the start · up 10.9% on a year ago · 6 reportingNot reported yet — earnings trail price by a quarter or twoNo earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Finance - AMC, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 7 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Finance - AMC outperforming NIFTY 500?

Finance - AMC has outperformed NIFTY 500 by 6.9% over the last 52 weeks. Over 13 weeks the gap is a lead of 0.8%. 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 +15.7%.

+0.8%Sector vs NIFTY 500 · 13 weeks
+6.9%Sector vs NIFTY 500 · 52 weeks
2/4Stocks leading NIFTY 500
2/4Stocks leading sector

Sector metric: 10.3 as of 2026-07-19 · CONSOLIDATION · falling.

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

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Finance - AMC has outperformed NIFTY 500 by 6.9% over 52 weeks and 0.8% 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 ₹32,695 crore, based on 6 of 7 comparable companies through Jun 2026.

Companies
7
complete canonical membership
Combined market value
₹5.4 L Cr
Tata Capital Ltd
Revenue growing
6/6
positive TTM year-on-year growth
Beating NIFTY 500
2/4
positive Mansfield relative strength
Comparing 5 of 7
04 · research priority, made explicit

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.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Nippon Life India Asset Management Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 66.6% evidence confidence.
Aditya Birla Sun Life AMC Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Nippon Life India Asset Management LtdNAM-INDIA 61.1/100Mixed-positive evidence67% evidence LEADER 24.6/35 Income 23% · PAT 21.3% 52% evidence 16.3/25 ROA — · ROE 34.5% · GNPA — 34% evidence 0.2/20 P/BV 15.9× · P/BV÷ROE 0.46 100% evidence 20.0/20 RS sector 15.7% · RS bench 21.3% · 1Y 43.4%12 of 12 weeks ahead 100% evidence
Exact sum: 24.6 + 16.3 + 0.2 + 20 = 61.1 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Canara Robeco Asset Management Company LtdCRAMC 52.1/100Mixed-positive evidence62% evidence TURNING 11.9/35 Income 13% · PAT 9% 86% evidence 19.1/25 ROA 24.9% · ROE 30.3% · GNPA — 72% evidence 11.1/20 P/BV 6.98× · P/BV÷ROE 0.23 70% evidence 10.0/20 RS sector — · RS bench — · 1Y —0 of 10 weeks ahead 0% evidence
Exact sum: 11.9 + 19.1 + 11.1 + 10 = 52.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Aditya Birla Sun Life AMC LtdABSLAMC 43.7/100Mixed-negative evidence67% evidence FADING 12.4/35 Income 6.6% · PAT 3.7% 52% evidence 13.7/25 ROA — · ROE 25.2% · GNPA — 34% evidence 3.9/20 P/BV 7.23× · P/BV÷ROE 0.29 100% evidence 13.7/20 RS sector 4.6% · RS bench 9.5% · 1Y 18.7%10 of 12 weeks ahead 100% evidence
Exact sum: 12.4 + 13.7 + 3.9 + 13.7 = 43.7 · Decision use: Price leads the evidence: RS versus the benchmark is 9.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4HDFC Asset Management Company LtdHDFCAMC 42.5/100Mixed-negative evidence61% evidence ASLEEP 20.7/35 Income 15.3% · PAT 13.2% 52% evidence 15.4/25 ROA — · ROE 32.9% · GNPA — 34% evidence 4.4/20 P/BV 12.17× · P/BV÷ROE 0.37 70% evidence 2.0/20 RS sector -8.5% · RS bench -3.6% · 1Y -5.8%1 of 12 weeks ahead 100% evidence
Exact sum: 20.7 + 15.4 + 4.4 + 2 = 42.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5UTI Asset Management Company LtdUTIAMC 32.5/100Adverse evidence61% evidence ASLEEP 8.7/35 Income 1.6% · PAT -35.3% 52% evidence 9.6/25 ROA — · ROE 10.3% · GNPA — 34% evidence 11.2/20 P/BV 2.58× · P/BV÷ROE 0.25 100% evidence 3.0/20 RS sector -19% · RS bench -18.6% · 1Y -33.4%0 of 10 weeks ahead 70% evidence
Exact sum: 8.7 + 9.6 + 11.2 + 3 = 32.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Tata Capital LtdTATACAP 52.0/100Thin evidence · provisional44% evidence TURNING 21.7/35 Income 11.1% · PAT 29.7% 62% evidence 11.7/25 ROA — · ROE 12.4% · GNPA — 34% evidence 8.6/20 P/BV 3.38× · P/BV÷ROE 0.27 70% evidence 10.0/20 RS sector — · RS bench — · 1Y —2 of 10 weeks ahead 0% evidence
Exact sum: 21.7 + 11.7 + 8.6 + 10 = 52 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7ICICI Prudential Asset Management Co LtdICICIAMC 50.3/100Thin evidence · provisional1% evidence ASLEEP 17.5/35 Income — · PAT — 0% evidence 12.8/25 ROA — · ROE — · GNPA — 6% evidence 10.0/20 P/BV — · P/BV÷ROE — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y —5 of 12 weeks ahead 0% evidence
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.
05 · what price has already done

Market action

Nippon Life India Asset Management Ltd has the strongest one-year price move in Finance - AMC at +43.4%. It also leads on Mansfield relative strength against NIFTY at +21.3%. 2 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Income Scale & Growth Durability

Tata Capital Ltd has the highest Income among the 7 Finance - AMC companies compared here, at ₹32,695 crore. HDFC Asset Management Company Ltd is next at ₹4,254 crore. Nippon Life India Asset Management Ltd has the highest Income growth at 23%, so level and change sit with different companies.

What the numbers say: Tata Capital Ltd is the scale leader at ₹32,695 crore, 668.6% 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.

LeaderTata Capital Ltd · ₹32,695 crore
Gap668.6% versus #2 · HDFC Asset Management Company Ltd
Persistence4/4 recent comparable periods
Coverage6/7 companies · 80 observations

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.

For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.
Income · company comparison
6/7 level · 6/7 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyIncomeIncome growthReported
Tata Capital Ltd TATACAP₹8.8K Cr15%Jun 2026
ICICI Prudential Asset Management Co Ltd ICICIAMC₹2.9K Cr20%Sep 2025
HDFC Asset Management Company Ltd HDFCAMC₹1.1K Cr14%Jun 2026
Nippon Life India Asset Management Ltd NAM-INDIA₹767 Cr26%Jun 2026
UTI Asset Management Company Ltd UTIAMC₹584 Cr6.8%Jun 2026
Aditya Birla Sun Life AMC Ltd ABSLAMC₹463 Cr3.6%Jun 2026
Canara Robeco Asset Management Company Ltd CRAMC₹145 Cr20%Jun 2026
Full 20-quarter history · every available company

Income · reported quarter history

Aditya Birla Sun Life AMC Ltd · ABSLAMC

₹314 Cr
₹297 Cr
₹311 Cr
₹335 Cr
₹341 Cr
₹366 Cr
₹387 Cr
₹424 Cr
₹445 Cr
₹429 Cr
₹447 Cr
₹461 Cr
₹478 Cr
₹458 Cr
₹463 Cr

Canara Robeco Asset Management Company Ltd · CRAMC

₹96 Cr
₹102 Cr
₹104 Cr
₹97 Cr
₹101 Cr
₹121 Cr
₹108 Cr
₹121 Cr
₹104 Cr
₹145 Cr

HDFC Asset Management Company Ltd · HDFCAMC

₹560 Cr
₹541 Cr
₹575 Cr
₹643 Cr
₹671 Cr
₹695 Cr
₹775 Cr
₹887 Cr
₹935 Cr
₹901 Cr
₹968 Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr

ICICI Prudential Asset Management Co Ltd · ICICIAMC

₹2.5K Cr
₹2.9K Cr

Nippon Life India Asset Management Ltd · NAM-INDIA

₹354 Cr
₹348 Cr
₹354 Cr
₹397 Cr
₹423 Cr
₹468 Cr
₹505 Cr
₹571 Cr
₹588 Cr
₹567 Cr
₹607 Cr
₹658 Cr
₹705 Cr
₹739 Cr
₹767 Cr

Tata Capital Ltd · TATACAP

₹7.2K Cr
₹7.1K Cr
₹7.5K Cr
₹7.7K Cr
₹7.7K Cr
₹8.0K Cr
₹8.2K Cr
₹8.8K Cr

UTI Asset Management Company Ltd · UTIAMC

₹295 Cr
₹301 Cr
₹468 Cr
₹404 Cr
₹449 Cr
₹416 Cr
₹529 Cr
₹538 Cr
₹418 Cr
₹376 Cr
₹547 Cr
₹419 Cr
₹517 Cr
₹390 Cr
₹584 Cr

Income growth · reported quarter history

Aditya Birla Sun Life AMC Ltd · ABSLAMC

8.6%
23%
24%
27%
31%
17%
16%
8.7%
7.4%
6.8%
3.6%

Canara Robeco Asset Management Company Ltd · CRAMC

5.2%
19%
3.9%
25%
3.0%
20%

HDFC Asset Management Company Ltd · HDFCAMC

20%
28%
35%
38%
39%
30%
25%
16%
15%
17%
14%

ICICI Prudential Asset Management Co Ltd · ICICIAMC

20%

Nippon Life India Asset Management Ltd · NAM-INDIA

19%
34%
43%
44%
39%
21%
20%
15%
20%
30%
26%

Tata Capital Ltd · TATACAP

7.7%
12%
9.1%
15%

UTI Asset Management Company Ltd · UTIAMC

52%
38%
13%
33%
-6.9%
-9.6%
3.4%
-22%
24%
3.7%
6.8%
07 · compare level, then change

Profit Scale & Acceleration

Tata Capital Ltd has the highest Net profit among the 7 Finance - AMC companies compared here, at ₹5,478 crore. HDFC Asset Management Company Ltd is next at ₹2,947 crore. The same company also holds the highest Profit growth, at 29.7%. 6 of 7 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Tata Capital Ltd leads with ₹5,478 crore of TTM profit, 85.9% above HDFC Asset Management Company Ltd. Tata Capital Ltd shows 29.7% growth from a ₹5,478 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderTata Capital Ltd · ₹5,478 crore
Gap85.9% versus #2 · HDFC Asset Management Company Ltd
Persistence3/4 recent comparable periods
Coverage6/7 companies · 80 observations

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.

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 profitlargest
1Tata Capital Ltd TATACAP₹5.5K Cr
Net profit · company comparison
6/7 level · 6/7 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Tata Capital Ltd TATACAP₹1.6K Cr56%Jun 2026
ICICI Prudential Asset Management Co Ltd ICICIAMC₹1.6K Cr22%Sep 2025
HDFC Asset Management Company Ltd HDFCAMC₹837 Cr12%Jun 2026
Nippon Life India Asset Management Ltd NAM-INDIA₹504 Cr27%Jun 2026
Aditya Birla Sun Life AMC Ltd ABSLAMC₹309 Cr12%Jun 2026
UTI Asset Management Company Ltd UTIAMC₹294 Cr16%Jun 2026
Canara Robeco Asset Management Company Ltd CRAMC₹76 Cr25%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Aditya Birla Sun Life AMC Ltd · ABSLAMC

₹166 Cr
₹136 Cr
₹185 Cr
₹178 Cr
₹209 Cr
₹208 Cr
₹236 Cr
₹242 Cr
₹224 Cr
₹228 Cr
₹277 Cr
₹241 Cr
₹270 Cr
₹187 Cr
₹309 Cr

Canara Robeco Asset Management Company Ltd · CRAMC

₹45 Cr
₹51 Cr
₹50 Cr
₹48 Cr
₹42 Cr
₹61 Cr
₹49 Cr
₹53 Cr
₹41 Cr
₹76 Cr

HDFC Asset Management Company Ltd · HDFCAMC

₹369 Cr
₹376 Cr
₹477 Cr
₹437 Cr
₹488 Cr
₹541 Cr
₹604 Cr
₹577 Cr
₹641 Cr
₹638 Cr
₹748 Cr
₹718 Cr
₹769 Cr
₹623 Cr
₹837 Cr

ICICI Prudential Asset Management Co Ltd · ICICIAMC

₹1.3K Cr
₹1.6K Cr

Nippon Life India Asset Management Ltd · NAM-INDIA

₹205 Cr
₹198 Cr
₹236 Cr
₹244 Cr
₹284 Cr
₹343 Cr
₹332 Cr
₹360 Cr
₹295 Cr
₹299 Cr
₹396 Cr
₹345 Cr
₹404 Cr
₹385 Cr
₹504 Cr

Tata Capital Ltd · TATACAP

₹1.1K Cr
₹1.1K Cr
₹1.0K Cr
₹1.0K Cr
₹1.1K Cr
₹1.3K Cr
₹1.5K Cr
₹1.6K Cr

UTI Asset Management Company Ltd · UTIAMC

₹60 Cr
₹86 Cr
₹234 Cr
₹183 Cr
₹203 Cr
₹181 Cr
₹274 Cr
₹263 Cr
₹174 Cr
₹102 Cr
₹254 Cr
₹132 Cr
₹138 Cr
₹-51 Cr
₹294 Cr

Profit growth · reported quarter history

Aditya Birla Sun Life AMC Ltd · ABSLAMC

26%
53%
28%
36%
7.2%
9.6%
17%
-0.4%
21%
-18%
12%

Canara Robeco Asset Management Company Ltd · CRAMC

-6.7%
20%
-2.0%
10%
-2.4%
25%

HDFC Asset Management Company Ltd · HDFCAMC

32%
44%
27%
32%
31%
18%
24%
24%
20%
-2.4%
12%

ICICI Prudential Asset Management Co Ltd · ICICIAMC

22%

Nippon Life India Asset Management Ltd · NAM-INDIA

39%
73%
41%
48%
3.9%
-13%
19%
-4.2%
37%
29%
27%

Tata Capital Ltd · TATACAP

-1.2%
20%
47%
56%

UTI Asset Management Company Ltd · UTIAMC

238%
110%
17%
44%
-14%
-44%
-7.3%
-50%
-21%
-150%
16%
08 · compare level, then change

Funding Base & Its Composition

No company in this Finance - AMC comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, Tata Capital Ltd is highest at ₹2,36,376 crore, across 6 of 7 companies with a usable reading.

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

LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/7 companies · 0 observations

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.

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.
Depositslargest deposit bases
Not enough comparable data
Borrowingslargest borrowings
1Tata Capital Ltd TATACAP₹2.4 L Cr
Funding base · company comparison
0/7 level · 6/7 change

Withheld from this chart: 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. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyDepositsBorrowingsReported
Tata Capital Ltd TATACAP₹2.4 L CrJun 2026
HDFC Asset Management Company Ltd HDFCAMC₹0 CrJun 2026
Nippon Life India Asset Management Ltd NAM-INDIA₹75 CrJun 2026
Aditya Birla Sun Life AMC Ltd ABSLAMC₹64 CrJun 2026
UTI Asset Management Company Ltd UTIAMC₹141 CrJun 2026
Canara Robeco Asset Management Company Ltd CRAMC₹18 CrJun 2026
Full 20-quarter history · every available company

No consistent historical series is available for deposits.

Borrowings · reported quarter history

Aditya Birla Sun Life AMC Ltd · ABSLAMC

₹70 Cr
₹72 Cr
₹62 Cr
₹59 Cr
₹54 Cr
₹48 Cr
₹79 Cr
₹68 Cr
₹69 Cr
₹64 Cr

Canara Robeco Asset Management Company Ltd · CRAMC

₹0 Cr
₹0 Cr
₹19 Cr
₹17 Cr
₹17 Cr
₹17 Cr
₹16 Cr
₹16 Cr
₹18 Cr
₹19 Cr
₹19 Cr
₹18 Cr
₹18 Cr

HDFC Asset Management Company Ltd · HDFCAMC

₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr

Nippon Life India Asset Management Ltd · NAM-INDIA

₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹79 Cr
₹88 Cr
₹85 Cr
₹75 Cr

Tata Capital Ltd · TATACAP

₹69.2K Cr
₹86.3K Cr
₹1.1 L Cr
₹1.5 L Cr
₹2.1 L Cr
₹2.1 L Cr
₹2.4 L Cr

UTI Asset Management Company Ltd · UTIAMC

₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹142 Cr
₹0 Cr
₹141 Cr
09 · compare level, then change

Return On Assets

Canara Robeco Asset Management Company Ltd has the highest ROA among the 7 Finance - AMC companies compared here, at 24.9%. The same company also holds the highest ROA change, at -3.4 percentage points. 1 of 7 companies report a comparable reading, the latest through Jun 2026. Its ROA series carries 6 reported observations across the 20-quarter window.

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

LeaderCanara Robeco Asset Management Company Ltd · 24.9%
GapNot enough peers
Persistence0/2 recent comparable periods
Coverage1/7 companies · 6 observations

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.

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.
ROA changefastest improvers
Return on assets · company comparison
1/7 level · 1/7 change

Withheld from this chart: 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; 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; 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; UTI Asset Management Company Ltd (UTIAMC) — its two data sources disagree by up to 42% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROAROA changeReported
Canara Robeco Asset Management Company Ltd CRAMC25%−3.4 ppJun 2026
Full 20-quarter history · every available company

ROA · reported quarter history

Canara Robeco Asset Management Company Ltd · CRAMC

31%
28%
23%
29%
22%
25%

ROA change · reported quarter history

Canara Robeco Asset Management Company Ltd · CRAMC

−9.0 pp
−3.4 pp
10 · compare level, then change

ROE — Leaders & Improvers

Nippon Life India Asset Management Ltd has the highest ROE among the 7 Finance - AMC companies compared here, at 34.5%. HDFC Asset Management Company Ltd is next at 32.9%. Tata Capital Ltd has the highest ROE change at -1 percentage points, so level and change sit with different companies.

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.

LeaderNippon Life India Asset Management Ltd · 34.5%
Gap4.9% versus #2 · HDFC Asset Management Company Ltd
PersistenceNot enough history
Coverage6/7 companies · 8 observations

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.

ROE shows the return to shareholders, but should be read with asset quality and leverage.
Return on equity · company comparison
6/7 level · 2/7 change

Withheld from this chart: 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; 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; 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; UTI Asset Management Company Ltd (UTIAMC) — its two data sources disagree by up to 42% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROEROE changeReported
Canara Robeco Asset Management Company Ltd CRAMC23%−5.6 ppJun 2026
Full 20-quarter history · every available company

ROE · reported quarter history

Canara Robeco Asset Management Company Ltd · CRAMC

45%
35%
32%
29%
39%
29%
31%
23%

ROE change · reported quarter history

Canara Robeco Asset Management Company Ltd · CRAMC

−6.2 pp
−5.7 pp
−0.7 pp
−5.6 pp
11 · not available

Gross NPA — Leaders & Improvers

No company in this Finance - AMC comparison reports gross NPA on a comparable basis, so there is nothing to rank here — 0 of 7 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Jun 2026.

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

Withheld from this comparison: 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; 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; UTI Asset Management Company Ltd (UTIAMC) — its two data sources disagree by up to 42% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

12 · compare level, then change

Valuation Against Growth & Quality

Canara Robeco Asset Management Company Ltd has the lowest P/BV ÷ ROE among the 7 Finance - AMC companies compared here, at 0.23×. UTI Asset Management Company Ltd is next at 0.25×. UTI Asset Management Company Ltd has the lowest P/BV at 2.58×, so level and change sit with different companies.

What the numbers say: Canara Robeco Asset Management Company Ltd has the lowest comparable P/BV ÷ ROE at 0.23×, 8% below UTI Asset Management Company Ltd. Only 6 of 7 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderCanara Robeco Asset Management Company Ltd · 0.23×
Gap8% versus #2 · UTI Asset Management Company Ltd
Persistence0/3 recent comparable periods
Coverage6/7 companies · 3 observations

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.

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.
Valuation · company comparison
6/7 level · 6/7 change

Withheld from this chart: 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. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyP/BV ÷ ROEP/BVReported
Canara Robeco Asset Management Company Ltd CRAMC0.36.6Jun 2026
Tata Capital Ltd TATACAP3.4Jun 2026
HDFC Asset Management Company Ltd HDFCAMC12.3Jun 2026
Nippon Life India Asset Management Ltd NAM-INDIA15.6Jun 2026
Aditya Birla Sun Life AMC Ltd ABSLAMC8.8Jun 2026
UTI Asset Management Company Ltd UTIAMC2.6Jun 2026
Full 20-quarter history · every available company

P/BV ÷ ROE · reported quarter history

Canara Robeco Asset Management Company Ltd · CRAMC

0.3
0.2
0.3

P/BV · reported quarter history

Aditya Birla Sun Life AMC Ltd · ABSLAMC

7.3
5.6
4.1
4.9
5.0
4.9
4.8
7.2
6.7
7.2
5.6
7.0
6.0
6.2
7.3
8.8

Canara Robeco Asset Management Company Ltd · CRAMC

9.3
6.4
6.6

HDFC Asset Management Company Ltd · HDFCAMC

8.7
6.7
8.0
9.2
11.4
13.3
13.9
13.3
13.4
12.6
13.5
14.8
14.6
12.8
12.3

Nippon Life India Asset Management Ltd · NAM-INDIA

9.0
5.2
5.7
7.2
6.5
4.6
3.8
5.1
5.8
7.8
8.3
10.2
10.4
11.4
9.0
12.4
12.9
12.6
12.1
15.6

Tata Capital Ltd · TATACAP

3.6
3.4

UTI Asset Management Company Ltd · UTIAMC

2.4
3.7
3.0
2.2
2.8
2.6
2.8
2.6
3.3
3.6
3.7
3.1
3.6
3.6
3.3
2.7
2.6
13 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Finance - AMC comparison names 8 specific ways its own evidence can mislead, all listed below. 1 of the 7 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 5 have second-feed figures withheld because the two sources disagree. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • 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.
  • 5 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.
14 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 7 Finance - AMC companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing1 cross-checked · 1 unverified · 5 withheld, of 7 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

15 · questions investors ask, short speakable answers

Finance - AMC company comparison FAQs

These 23 answers restate the Finance - AMC comparison above in question form. Every one is computed from the same 7 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Finance - AMC sector outperforming NIFTY 500?

Finance - AMC has outperformed NIFTY 500 by 6.9% over 52 weeks and 0.8% 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 ₹32,695 crore, based on 6 of 7 comparable companies through Jun 2026.

Which Finance - AMC company is growing fastest?

Nippon Life India Asset Management Ltd has the fastest current income growth at 23%, across 6 of 7 comparable companies.

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

Nippon Life India Asset Management Ltd ranks first at 61.1/100 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 whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Finance - AMC comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

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 ₹32,695 crore, ahead of HDFC Asset Management Company Ltd at ₹4,254 crore. That covers 6 of 7 companies with comparable reporting through Jun 2026.

Which Finance - AMC company makes the most profit?

Tata Capital Ltd earns the most, at ₹5,478 crore of trailing-twelve-month net profit, from 6 of 7 comparable companies. Tata Capital Ltd has the fastest profit growth at 29.7%, 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 1 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 have earnings and growth steady enough for the ratio to mean anything, 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 6.9% over the last 52 weeks and 0.8% 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 61.1 out of 100 with 66.6% evidence confidence, from 24.6 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, 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 ₹5,41,609 crore of combined market value. Tata Capital Ltd is the largest at ₹1,55,108 crore, about 29% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

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 7.2×, 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 2026-08-05.

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 6.9% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

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.

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