ICICI PRUDENTIAL AMC LTD

Manages pooled investment assets for retail and institutional investors in India and earns fees on the assets under management. The core business is mutual funds, where quarterly average AUM stood at ₹11.17 lakh crore in Q1 FY27, giving it a 13.4% share of the industry and the second-largest position overall. Within mutual funds, equity schemes accounted for ₹6.31 lakh crore of QAAUM (14% market share, the leadership slot), while equity-oriented hybrid QAAUM stood at ₹2.22 lakh crore. The retail book has 1.73 crore unique customers and monthly systematic transactions (SIP plus STP) of ₹48.72 billion. Beyond plain-vanilla mutual funds, it runs Portfolio Management Services (PMS) with QAAUM of ₹28,996 crore and Alternative Investment Funds (AIF) at ₹22,737 crore, combined under an alternates head of ₹79,446 crore after absorbing the ICICI Venture AIF business effective April 2026. It is also seeding the new SEBI-permitted Specialised Investment Fund category, with four of seven permitted strategies live and QAAUM of ₹2,678 crore. Distribution covers more than 300 towns, with further Tier 3 and 4 expansion underway. Employee cost at 11.1% of revenue is the dominant operating line and operating margin on AUM stood at 36.9 bps in Q1 FY27.