AMC stocks gain up to 33% in H1 FY27 despite market turmoil

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Nippon Life India Asset Management shares surged 33% in the first six months of FY27.

Nippon Life India Asset Management shares surged 33% in the first six months of FY27, followed by Aditya Birla Sun Life AMC and ICICI Prudential AMC, gaining 13% and 12% respectively. SBI Funds Management's performance is not comparable since it was listed on the bourses in July; it has fallen 18% so far since listing.

Capital markets regulator Sebi had proposed a tighter framework for mutual fund expenses, including removing the additional 5 basis points (0.05 percentage point) that AMCs could charge on schemes levying an exit load and reducing brokerage limits. However, the final framework, which came into effect on April 1, had a less severe impact on AMCs than initially anticipated.

SIP inflows have remained in the ₹31,000-32,000 crore range in FY27. In August, they rose 21% year-on-year to ₹32,297 crore. Total SIP inflows reached ₹1.6 lakh crore during April-August, up 15% from ₹1.4 lakh crore in the same period last year.

The AUM of seven listed AMCs rose nearly 16% to ₹53.9 lakh crore at the end of August from ₹46.6 lakh crore at the end of March, according to Accord Fintech data.

AMCs are expected to report a marginal increase in core earnings in the September quarter.