Icici Bank Limited · NSE:ICICIBANK
Icici Bank — ICICI Prudential Asset Management Company — Q1 FY2027 Earnings Presentation
36 slides from Icici Bank's earnings presentation, Jul 13, 2026
Slide 1: Stock exchange cover letter
IPAMC/SE/34/26-27 July 13, 2026 To, To, BSE Limited, National Stock Exchange of India Ltd., Listing Department, Listing Department, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, Mumbai – 400001 G block, Bandra Kurla Complex, Scrip code: 544658 Bandra (East), Mumba
Slide 2: Q1 – FY 2027: Performance Review
Q1 – FY 2027: Performance Review July 13, 2026
Slide 3: Safe Harbor
Safe Harbor Except for the historical information contained herein, statements in this release which contain words or phrases such as 'will' , 'would' , ‘indicating’ , ‘expected to’ etc., and similar expressions or variations of such expressions may constitute 'forward looking statements'. These for
Slide 4: The Trust Compass
The Trust Compass Our Actions. Our Decisions. Always Guided by the Trust Compass
Slide 5: ICICI Prudential AMC at a Glance
ICICI Prudential AMC at a Glance Total MF QAAUM and MS 18.3% ` 11,172.22 bn 13.4% Active MF QAAUM and MS 15.1% ` 9,246.98 bn 13.5% Equity Schemes MF QAAUM and MS 19.8% ` 6,312.15 bn 14.0% Equity Hybrid MF QAAUM and MS 24.8% ` 2,215.41 bn 26.6% Alternates and PMS QAAUM* 8.4% / 21.8% ` 794.46 bn ` 289
Slide 6: ICICI Prudential AMC at a Glance
ICICI Prudential AMC at a Glance Operating Revenue Operating Profit3 PAT Operations Operating Revenue Operating Profit PAT Customer Base Q1FY27 - ` 15.6 bn Q1FY27 - ` 11.0 bn Q1FY27 - ` 9.6 bn Q1FY27 – 17.3 mn Y-o-Y 18% Y-o-Y 20% Y-o-Y 23% Y-o-Y 15.1 % Revenue Yield1 OPBT Yield1 Network2 0.52% 0.37%
Slide 7: Highlights
Highlights • Industry Overview • ICICI Prudential AMC • Financial Overview
Slide 8: MF Industry AUM Growth
MF Industry AUM Growth (` tn) Quarterly Average AUM Closing AUM 54% 54% 54% 56% 55% 57% 81.62 83.28 82.40 73.84 0.18 0.08 0.14 74.41 72.14 0.11 14.82 14.52 14.73 12.33 13.73 11.76 6.51 7.23 7.94 5.71 2.86 3.34 2.49 5.40 6.87 3.31 2.54 11.29 2.70 12.69 11.93 12.37 11.62 11.91 45.20 46.73 43.80 41.50
Slide 9: Net Sales Equity Schemes
Net Sales Equity Schemes Net Sales Net Sales for the Quarter (` bn) (` bn) 4,871.05 4593.67 1,238.98 1,138.34 822.68 FY 25 FY 26 Q1 FY26 Q4 FY26 Q1 FY27 Source: AMFI 8
Slide 10: Mutual Fund Industry
Mutual Fund Industry Unique Investors SIP Flows (in mn) (` bn) 61.9 320.87 317.81 61.4 55.3 272.69 Jun-25 Mar-26 Jun-26 Jun-25 Mar-26 Jun-26 Y-o-Y 12.1 % Q-o-Q 0.9 % Y-o-Y 16.5 % Q-o-Q -1.0 % Source: AMFI 9
Slide 11: Highlights
Highlights • Industry Overview • ICICI Prudential AMC • Financial Overview
Slide 12: ICICI Pru – QAAUM Split
ICICI Pru – QAAUM Split (` tn) 11.82 11.97 0.01 0.03 0.33 0.32 0.68 0.73 10.18 0.77 0.79 0.28 SIF 0.66 0.73 1.84 1.93 Arbitrage 1.41 Y-o-Y 17.6% Liquid 1.99 1.86 Alternates 1.82 Passives Q-o-Q 1.2% Debt Equity Schemes 6.20 6.31 5.27 Jun-25 Mar-26 Jun-26 Source: Internal; growth % are for total QAAUM
Slide 13: Mutual Fund QAAUM
Mutual Fund QAAUM Total MF QAAUM Active MF QAAUM (` bn) (` bn) 11,047.87 11,172.22 9,206.15 9,246.98 9,442.47 8,031.53 Jun-25 Mar-26 Jun-26 Jun-25 Mar-26 Jun-26 Y-o-Y 18.3% Q-o-Q 1.1% Y-o-Y 15.1 % Q-o-Q 0.4 % 2nd Highest Market Share of 13.4% Highest Market Share 13.5% Source: AMFI, Internal; Market
Slide 14: MF Equity Schemes QAAUM
MF Equity Schemes QAAUM MF Equity Schemes QAAUM Equity Hybrid MF QAAUM (` bn) (` bn) 6,204.01 6,312.15 2,177.97 2,215.41 5,267.90 1,774.57 Jun-25 Mar-26 Jun-26 Jun-25 Mar-26 Jun-26 Y-o-Y 19.8 % Q-o-Q 1.7 % Y-o-Y 24.8 % Q-o-Q 1.7 % Highest Market Share of 14.0% Highest Market Share of 26.6% Source: A
Slide 15: Other Categories MF QAAUM
Other Categories MF QAAUM Debt MF QAAUM Liquid MF QAAUM Passive MF QAAUM (` bn) (₹ bn) (₹ bn) 1,990.56 725.37 1,822.95 1,858.61 1,841.72 1,925.24 661.42 675.64 1,410.94 Jun-25 Mar-26 Jun-26 Jun-25 Mar-26 Jun-26 Jun-25 Mar-26 Jun-26 Y-o-Y 2.0 % Q-o-Q -6.6% Y-o-Y 9.7% Q-o-Q 7.4% Y-o-Y 36.5% Q-o-Q 4.5
Slide 16: Specialised Investment Funds (SIF)
Specialised Investment Funds (SIF) Offers portfolio flexibility, including advanced hedging strategies at ` 10 lakh and above entry point Investment Strategies Equity Oriented Debt Oriented Hybrid • Equity Long-Short • Debt Long-Short • Hybrid Long-Short • Equity Ex-Top 100 Long-Short • Sectoral Deb
Slide 17: Unique Customer and MAAUM
Unique Customer and MAAUM Unique Customer Count Individual MAAUM* (in mn) (₹ bn) 17.3 7,206.99 17.0 6,858.63 6,296.86 15.1 Jun-25 Mar-26 Jun-26 Jun-25 Mar-26 Jun-26 Y-o-Y 15.1 % Q-o-Q 2.2 % Y-o-Y 14.5 % Q-o-Q 5.1% Source : Internal, AMFI; *Includes Domestic FOF & excludes SIF 16
Slide 18: Systematic Transactions
Systematic Transactions (₹ bn) 51.04 48.72 42.45 39.06 33.59 23.47 Mar-23 Mar-24 Mar-25 Jun-25 Mar-26 Jun-26 Systematic Transactions represents monthly inflows from Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) for mutual fund and PMS business; Source : Internal data 17
Slide 19: Alternates - Boutique within an Institutional Framework
Alternates - “Boutique within an Institutional Framework” MANAGEMENT COMPLIANCE RESEARCH INVESTOR / BOUTIQUE SUPPORT SALES & RISK & DISTRIBUTOR PRODUCTS FUND High Conviction Portfolios 18
Slide 20: Alternates Offerings
Alternates Offerings Alternates Offering Alternates QAAUM • PMS (₹ bn) 268.27 289.96 238.04 Listed equity Private Credit Real Estate Jun-25 Mar-26 Jun-26 • AIF (₹ bn)* 213.25 227.37 Private Equity Early-Stage Private 164.37 Equity Jun-25 Mar-26 Jun-26 Asset under Advisory • Assets under Advisory QAA
Slide 21: Distribution Network
Distribution Network MF Equity Schemes QAAUM Distribution Mix ICICI Bank, 7.7% Direct, Banks, 29.5% 10.7% 73.7% 71.1% 70.5% June 2026 MFDs, 26.3% 28.9% 29.5% 36.2% National Distributors, 15.9% Jun-25 Mar-26 Jun-26 Direct Non-Direct Source : Internal; Basis QAAUM 20
Slide 22: Technology Key Focus Areas
Technology Key Focus Areas Increase Customer Engagement Build resiliency and isolated recovery Key Focus Continued focus on Operational Efficiency Areas Automation through Agentic AI Enhanced Security and Compliance Initiatives 21
Slide 23: Strategic AI Capabilities - Accelerating Enterprise Value
Strategic AI Capabilities - Accelerating Enterprise Value Customer & Operational Investment AI Distribution Efficiencies Auto-summarizing Personalized Organization wide access reports, concalls and IPO communication for each to enterprise AI tools. offer documents. investor Deliver investor insights
Slide 24: Our Digital Stack
Our Digital Stack AI-Lead MF Portal MF App MF Portal MF App Help Desk Search Alternates Alternates Co- Callback Goal ETF Portal Portal Branding Service Planner Portal OTHER TOOLS PARTNERS INVESTOR Corporate Customer IpruAssist iSIF Portal iSIF Portal MF Connect Employee Bot Portal Data Platform Mark
Slide 25: Highlights
Highlights • Industry Overview • ICICI Prudential AMC • Financial Overview
Slide 26: Statement of Profit and Loss
Statement of Profit and Loss ` mn Particulars Q1 FY27 Q1 FY26 Change Income Revenue From Operations 15,642.2 13,306.7 17.6% Other Income 1,808.0 1,468.5 23.1% Total Income 17,450.2 14,775.2 18.1% Expenses Finance Cost 47.4 51.5 -8.1% Fees and commission expense 1,236.9 1,030.0 20.1% Employee Benefit
Slide 27: Statement of Profit and Loss
Statement of Profit and Loss ` mn Particulars Q1 FY27 Q4 FY26 Change Income Revenue From Operations 15,642.2 15,419.2 1.4% Other Income 1,808.0 (898.7) Total Income 17,450.2 14,520.5 20.2% Expenses Finance Cost 47.4 45.9 3.3% Fees and commission expense 1,236.9 1,153.4 7.2% Employee Benefits expense
Slide 28: Notes
Notes • The Company has entered into a Business Transfer Agreement (“BTA”) for the acquisition of Asset management rights of identified Category II Alternative Investment Funds from ICICI Venture for a consideration of ₹1,079.4 million. • The Company has accounted for the BTA as common control trans
Slide 29: Net Operating Revenue & Revenue yields
Net Operating Revenue & Revenue yields bps of AUM Bridging Operating Revenue to Net Operating Revenue Operating Margin ₹ mn 52.4 Particulars Q1 FY27 Q4 FY26 Q1 FY26 48.3 -4.1 Mutual Fund 12,967.2 12,740.9 11,061.6 36.9 -11.4 Alternates 1,230.6 1,276.0 953.0 Advisory 207.5 248.9 262.1 Total 14,405.3
Slide 30: Breakup of Total Investments
Breakup of Total Investments Total Investments: ₹ 42,254.9 million Breakdown of Total Investments Breakdown of Mutual Funds 72.9% 3.6% 0.6% 23.5% 42.3% 57.1% 72.9% Mutual Funds AIF, Other Equity and REIT Corporate Bonds Liquid and Debt Equity and Hybrid Others Data as of 30th June, 2026 29
Slide 31: Thank you
Thank you ASSET MANAGEMENT
Slide 32: Key Performance Indicators (KPIs)
Key Performance Indicators (KPIs) Particulars Unit Q1 FY27 Q1 FY26 FY 26 Operational KPIs Total MF QAAUM1 ₹ bn 11,172.22 9,442.47 11,047.87 Active MF QAAUM1 ₹ bn 9,246.98 8,031.53 9,206.15 MF Equity Schemes QAAUM1 ₹ bn 6,312.15 5,267.90 6,204.01 MF Equity Hybrid QAAUM1 ₹ bn 2,215.41 1,774.57 2,177.9
Slide 33: Definitions
Definitions AAUM MF – daily average AUM for relevant period, Alternates - Average of monthly closing AUM for relevant period. Alternates Alternates business comprises PMS, AIF and assets under advisory Equity Hybrid Schemes are mutual fund schemes comprising Hybrid Schemes but excludes Conservative
Slide 34: Press release: Q1 FY27 corporate highlights
Mumbai, July 13, 2026: ICICI Prudential Asset Management Company Limited today reported its financial performance for the quarter ended June 30, 2026. ICICI Prudential AMC’s Operating Profit Before Tax for the quarter ended June 30, 2026 at ₹ 11.00 billion, an increase of 20.2 % over quarter ended J
Slide 35: Financial Highlights for the Quarter Ended June 30, 2026
FINANCIAL HIGHLIGHTS FOR THE QUARTER ENDED JUNE 30, 2026 • The Operating Profit before tax for the quarter ended June 30,2026 was `10,998.5 million as compared to ₹9,151.1 million for the quarter ended June 30,2025. • Profit before tax for the quarter ended June 30, 2026 was `12,806.5 million as com
Slide 36: About ICICI Prudential AMC
About ICICI Prudential AMC Incorporated in 1993, ICICI Prudential Asset Management Company Ltd. is a leading asset management company (AMC) in the country. The Company is involved in (i) managing mutual funds, (ii) providing portfolio management services, (iii) managing alternative investment funds,
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