AMC Stocks and Companies in India

The largest AMC stocks in India by market value are ICICI Prudential Asset Management Co (₹1.42 lakh crore), HDFC AMC (₹1.13 lakh crore) and Nippon Life India AMC (₹64,027 crore), at prices of 4 Nov 2026.

• ICICI Prudential Asset Management Co: ₹2,880.20 | market value ₹1.42 lakh crore | P/BV 26.7
• HDFC AMC: ₹2,309.50 | market value ₹1.13 lakh crore | P/BV 13.13
• Nippon Life India AMC: ₹1,000.35 | market value ₹64,027 crore | P/BV 13.4
• Aditya Birla Sun Life AMC: ₹855.20 | market value ₹24,750 crore | P/BV 6.4
• UTI Asset Management Company: ₹820.05 | market value ₹10,541 crore | P/BV 2.4
• Canara Robeco Asset Management Company: ₹227.61 | market value ₹4,539 crore | P/BV 5.4

Share price | market value | P/BV or P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

All 6 listed Indian Finance - AMC companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Finance - AMC index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. ICICI Prudential Asset Management Co Ltd₹1.3 lakh cr
2. HDFC Asset Management Company Ltd₹1.1 lakh cr
3. Nippon Life India Asset Management Ltd₹57,900 cr
4. Aditya Birla Sun Life AMC Ltd₹23,300 cr
5. UTI Asset Management Company Ltd₹10,400 cr
6. Canara Robeco Asset Management Company Ltd₹4,120 cr

6 AMC companies in the Finance - AMC industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 6 are listed below, largest first. The largest is ICICI Prudential Asset Management Co (₹1.34 lakh crore) and the smallest with a market value is Canara Robeco Asset Management Company.

Download all 6 AMC companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 3% ahead of NIFTY 500. Earnings across its companies grew 7% on average over the last four reported quarters, close to flat.

0 of 6 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Not ahead of NIFTY 500 on the three-month view this week; 0 of the 6 companies in the industry index above their 200-day average (1 fewer than four weeks earlier); 0 of those 6 pass the momentum test (no change from four weeks earlier); earnings rising at 3 of the 6 that report earnings.

Not ahead of NIFTY 500, not building participation, not giving any back. Earnings mixed, 3 of 6 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of its 6 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

Finance - AMC has done worse than the NIFTY 500 by 3.9% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 9.2%. Nippon Life India Asset Management Ltd is the strongest against the sector itself at +2.6%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 5.2 as of 30 October 2026 (leaders, rising).

Finance - AMC has done worse than the NIFTY 500 by 3.9% over 52 weeks and by 9.2% over 13 weeks. 0 of 6 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months) (1 has no relative-strength reading yet), and 2 of the 3 with a long enough price history are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Nippon Life India Asset Management Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 75.2% evidence confidence.

UTI Asset Management Company Ltd scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

Ranked last: too little evidence (1 company)

Under 60% of the evidence behind this score is available, so it ranks after every company above, whatever the score.

Aditya Birla Sun Life AMC Ltd has the strongest one-year price move in Finance - AMC at +5.7%. Nippon Life India Asset Management Ltd leads on relative strength against the NIFTY, at −5.8%. 0 of 6 companies we track are ahead of the index on that measure (1 has no relative-strength reading yet).

Price and relative strength

Price · same starting point: 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.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Finance - AMC itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

7 of 7 Finance - AMC companies held a results call for July to September 2026. UTI Asset Management Company guided: Standalone employee cost around ₹95 crore per quarter and consol around ₹130 crore per quarter through FY27.

From the results calls for July to September 2026.

Big funds, foreign and Indian, kept their stake about the same over the last two quarters. Founders and promoters kept theirs about the same.

• Spending on plants is not a useful measure for a lender, so it is left out.

Big funds = foreign and Indian institutions, change in their share of ownership across 6 Finance - AMC companies, in percentage points.

Ownership and spending as of 10 October 2026.

This is the written read behind the Finance - AMC figures above: what is actually happening in the industry, in words, with the evidence each claim rests on. It is dated 22 Jul 2026, so the words are older than the numbers. 3 themes are live here, 1 of them rated high severity.

The sector exhibits structural growth via AUM scaling and product mix shifts, offset by regulatory margin pressure. Operating leverage remains intact across major players. Verdict is BULLISH based on catalyst density outweighing regulatory risks.

The AMC sector displayed mixed financial outcomes for Q4 FY26, with top-line expansion remaining consistent while bottom-line growth diverged. Revenue growth YoY averaged 18.25% across HDFCAMC and ICICIAMC, supported by AUM scaling. However, PAT growth varied from −2% at HDFCAMC to +10.4% at ICICIAMC, driven by non-operating items.

How old this read is: OLD: this read comes from our Finance - AMC sector brief dated 22 Jul 2026, about 4 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.

What is live in this sector right now

Sources: our Finance - AMC sector brief, 22 Jul 2026 · company earnings-call transcripts.

ICICI Prudential Asset Management Co Ltd has the highest Income among the 6 Finance - AMC companies compared here, at ₹6,295 crore. HDFC Asset Management Company Ltd is next at ₹4,397 crore. Nippon Life India Asset Management Ltd has the highest Income growth at 24.3%, so level and change sit with different companies.

What the numbers say: ICICI Prudential Asset Management Co Ltd is the largest at ₹6,295 crore, 43.2% ahead of HDFC Asset Management Company Ltd. Nippon Life India Asset Management Ltd's growth is 24.3% from a ₹3,007 crore base, with 16 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: ICICI Prudential Asset Management Co Ltd is the size to compare against; Nippon Life India Asset Management Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: ICICI Prudential Asset Management Co 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

Income · largest

Income growth · fastest growers

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.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

ICICI Prudential Asset Management Co Ltd has the highest Net profit among the 6 Finance - AMC companies compared here, at ₹3,540 crore. HDFC Asset Management Company Ltd is next at ₹2,978 crore. Nippon Life India Asset Management Ltd has the highest Profit growth at 21.1%, so level and change sit with different companies.

What the numbers say: ICICI Prudential Asset Management Co Ltd earns the most, ₹3,540 crore of profit over the last 12 months, 18.9% above HDFC Asset Management Company Ltd. Nippon Life India Asset Management Ltd shows 21.1% growth from a profit base of ₹1,617 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: ICICI Prudential Asset Management Co Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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 profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

No company in this Finance - AMC comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, UTI Asset Management Company Ltd is highest at ₹138 crore, across 6 of 6 companies with a usable reading.

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

What this means: The current leader sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Funding base · company comparison

Deposits · largest deposit bases

Not enough comparable data.

Borrowings · largest borrowings

All-company data · latest reported quarter

Deposits is left out: no company here reports it on a comparable basis.

Deposit scale can lower funding risk, while rising wholesale borrowings can change cost and liquidity. Asset quality and margins decide whether the funding base creates value.

ICICI Prudential Asset Management Co Ltd has the highest ROA among the 6 Finance - AMC companies compared here, at 53.5%. HDFC Asset Management Company Ltd is next at 27.5%. Canara Robeco Asset Management Company Ltd has the highest ROA change at −3.4 percentage points, so level and change sit with different companies.

What the numbers say: ICICI Prudential Asset Management Co Ltd leads roa at 53.5%; Canara Robeco Asset Management Company Ltd leads roa change at −3.4 percentage points.

What this means: ICICI Prudential Asset Management Co Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on assets · company comparison

Withheld from this chart: ICICI Prudential Asset Management Co Ltd (ICICIAMC): its two data sources disagree by up to 50% on reported income across 8 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 16 comparable periods, so its derived ratios are withheld; Aditya Birla Sun Life AMC Ltd (ABSLAMC): its two data sources disagree by up to 35% on reported income across 15 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 16 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.

ROA · highest

ROA change · fastest improvers

All-company data · latest reported quarter

ICICI Prudential Asset Management Co Ltd has the highest ROE among the 6 Finance - AMC companies compared here, at 85.8%. Nippon Life India Asset Management Ltd is next at 34.5%. Canara Robeco Asset Management Company Ltd has the highest ROE change at +1.8 percentage points, so level and change sit with different companies.

What the numbers say: ICICI Prudential Asset Management Co Ltd leads roe at 85.8%; Canara Robeco Asset Management Company Ltd leads roe change at +1.8 percentage points.

What this means: ICICI Prudential Asset Management Co Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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

Withheld from this chart: ICICI Prudential Asset Management Co Ltd (ICICIAMC): its two data sources disagree by up to 50% on reported income across 8 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 16 comparable periods, so its derived ratios are withheld; Aditya Birla Sun Life AMC Ltd (ABSLAMC): its two data sources disagree by up to 35% on reported income across 15 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 16 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.

ROE · highest

ROE change · fastest improvers

All-company data · latest reported quarter

No company in this Finance - AMC comparison reports gross NPA on a comparable basis, so there is nothing to rank here, 0 of 6 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 Sep 2026.

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

Withheld from this chart: ICICI Prudential Asset Management Co Ltd (ICICIAMC): its two data sources disagree by up to 50% on reported income across 8 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 16 comparable periods, so its derived ratios are withheld; Aditya Birla Sun Life AMC Ltd (ABSLAMC): its two data sources disagree by up to 35% on reported income across 15 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 16 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.

Canara Robeco Asset Management Company Ltd has the lowest P/BV ÷ ROE among the 6 Finance - AMC companies compared here, at 0.16×. UTI Asset Management Company Ltd is next at 0.23×. UTI Asset Management Company Ltd has the lowest P/BV at 2.36×, 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 0.16×, 30.4% below UTI Asset Management Company Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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. A lower figure is better only if loan quality and returns stay strong; a low price against book value while bad loans are rising is not a good sign by itself.

Valuation · company comparison

P/BV ÷ ROE · lowest return-adjusted price

P/BV · lowest P/BV

All-company data · latest reported quarter

Finance - AMC companies show up on 3 of our India lists. The most are on the dividend stocks list (6 companies).

This Finance - AMC comparison names 7 specific ways its own evidence can mislead, all listed below. All 6 companies here report on comparable dates, so no rank carries a stale marker. 4 have second-source figures left out because the two sources disagree. 2 of the 7 ranked sections have fewer than three usable current readings.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROE can come from heavy borrowing. It is best read beside ROA and loan quality.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• 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-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.
• Thin comparisons: Funding base, Asset quality have fewer than three usable current readings.

This comparison is built from the reported filings of 6 Finance - AMC companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

4 of 6 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 8 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 16 comparable periods, so its derived ratios are withheld; Aditya Birla Sun Life AMC Ltd (ABSLAMC): its two data sources disagree by up to 35% on reported income across 15 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 16 comparable periods, so its derived ratios are withheld.

These 23 answers restate the Finance - AMC comparison above in question form. Every one is computed from the same 6 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.