ICICI Prudential Asset Management Co.Ltd (MAIN BOARD)

IPO Details 

Key Performance Indicator (KPI)

Financial Details In Crores AS PER DRHP

Peer Comparison (Valuation)

About Company

With over 30 years of experience, it is also one of the oldest AMCs in the Indian asset management industry. Beyond mutual funds, the company provides Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), and offshore advisory services.

Scale & Customer Reach

The company serves 14.6 million customers and manages 135 mutual fund schemes across categories such as equity, debt, hybrid, Fund of Funds (FoFs), and others.

Alternate Investment & Advisory Services

ICICI Prudential AMC offers a diversified suite of investment and advisory solutions to both individual and institutional investors, including banks, insurance companies, corporates, and government bodies.
As of March 31, 2025, its assets under advisory stood at ₹311.3 billion.

Strength

Market Leader in Active Mutual Fund Management: ICICI Prudential AMC is the largest asset management company in India in terms of active mutual fund QAAUM, holding a 13.3% market share as of March 31, 2025(Source: CRISIL Report). It also ranks second in overall QAAUM with a 13.0% market share.

Strong Retail Investor Franchise: The company has the largest Individual Investor AUM in India, with ₹5,658.2 billion MAAUM and a 13.8% market share. Individual Investors contribute 62.2% of total mutual fund AUM and 86.4% of equity AUM, offering higher-fee income potential and a stable long-term asset base.

Broad and Diversified Product Portfolio: ICICI Prudential AMC manages 135 mutual fund schemes, the highest among AMCs in India. Its AUM is well-diversified, with no single scheme contributing more than 7.1% of total QAAUM. This wide product suite enables the company to serve different investor profiles and maintain resilience across market cycles.

Weakness

Exposure to Market and Economic Volatility: A significant portion of revenue comes from management fees earned on mutual funds, PMS, AIFs, and advisory services. Any adverse economic or market conditions—such as lower consumer savings, weak investor sentiment, or macroeconomic instability—may reduce AUM levels and consequently impact revenue, profitability, and cash flows.

Risk of Investment Underperformance: If the company’s investment products underperform their benchmarks or competing funds, AUM may decline due to investor withdrawals or lower inflows. Performance constraints—including market volatility and investment policy restrictions—may also limit returns. Any sustained underperformance directly reduces management fees and negatively affects business and financial results.

Intensifying Competition in the Asset Management Industry: The AMC sector faces competition from existing players, new entrants, and alternative investment options such as bank deposits, insurance products, gold, and real estate. Competitive pressures may lead to reduced market share, fee compression, and increased challenges in retaining investors and distribution partners, adversely affecting growth and profitability.