Business · Markets · 1 hr ago
Listed Indian fund managers gain despite market volatility
Shares in five of India’s seven listed asset management companies rose more than the Sensex in the first half of FY27, while the benchmark was largely flat.
Their gains ranged from 3% to 33%, with Nippon Life India Asset Management rising the most.
These companies manage mutual funds, which pool money from investors and invest it in financial markets.
Regular contributions through systematic investment plans, or SIPs, have helped support the businesses despite market swings.
SIP contributions stayed around ₹31,000–32,000 crore a month in FY27, and total assets managed by the seven listed firms grew nearly 16% from March to August.
A revised rule on mutual fund expenses also affected the companies less than investors had initially feared.
The firms are expected to report a small increase in core earnings for the September quarter.
Five of India’s seven listed asset management companies outperformed the Sensex in the first half of FY27.
Their shares gained between 3% and 33% while the benchmark index was largely flat.
Nippon Life India Asset Management led the gains, rising 33%, while Aditya Birla Sun Life AMC and ICICI Prudential AMC gained 13% and 12%.
Healthy inflows through systematic investment plans and a lower-than-expected impact from revised expense rules helped support the companies.
SIP inflows were ₹32,297 crore in August, and assets under management at the seven listed AMCs reached ₹53.9 lakh crore at the end of that month.
- Who
- India’s listed asset management companies (AMCs), including Nippon Life India Asset Management, Aditya Birla Sun Life AMC and ICICI Prudential AMC.
- What
- Five of the seven listed AMCs outperformed the Sensex in the first half of FY27, with share gains of 3% to 33%.
- When
- The first half of FY27. August figures for SIP inflows and assets under management were also reported.
- Where
- India.
- Why
- Sustained retail investor inflows through systematic investment plans and a lower-than-expected impact from revised expense rules helped support the companies.
This story does not have two clearly opposing sides.
The revised mutual fund expense framework came into effect.
Total SIP inflows reached ₹1.6 lakh crore, up 15% from ₹1.4 lakh crore in the same period last year.
SIP inflows rose 21% year on year to ₹32,297 crore.
Assets under management at the seven listed AMCs stood at ₹53.9 lakh crore, up from ₹46.6 lakh crore at the end of March.
Shares of five of the seven listed AMCs outperformed the largely flat Sensex, gaining between 3% and 33%.
- Number of listed AMCs
- 7
- AMCs outperforming the Sensex
- 5 in the first half of FY27
- Top share gain
- Nippon Life India Asset Management: 33%
- August SIP inflows
- ₹32,297 crore
- Seven-AMC assets under management
- ₹53.9 lakh crore at the end of August
What people are saying
Despite volatility, AMCs have seen healthy SIP flows. While net inflows have moderated from their peak, we are still seeing healthy inflows
Sources
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