Icici Prudential Asset Management Company Ltd. · NSE:ICICIAMC
Icici Prudential Asset Management — Q4 FY2026 Earnings Presentation
33 slides from Icici Prudential Asset Management's earnings presentation, Apr 13, 2026
Slide 1: Q4 - 2026: Performance Review
Q4 - 2026: Performance Review 13 April, 2026
Slide 2: 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 3: Our Core Business Philosophies
Our Core Business Philosophies Customer First Philosophy Low Risk for Brand and Shareholder Profitable Growth 3
Slide 4: ICICI Prudential AMC at a Glance
ICICI Prudential AMC at a Glance Total MF QAAUM and MS 2.6% ` 11,047.87 bn 13.5% Active MF QAAUM and MS 1.3% ` 9,206.15 bn 13.7% Equity Schemes MF QAAUM and MS 2.0% ` 6,204.01 bn 14.2% Equity Hybrid MF QAAUM and MS 4.5% ` 2,177.97 bn 26.7% Alternates and PMS QAAUM -3.0% / - 1.7% ` 729.95 bn ` 268.27
Slide 5: ICICI Prudential AMC at a Glance
ICICI Prudential AMC at a Glance Operating Revenue Operating Profit3 PAT and ROE Operations Operating Revenue Operating Profit PAT Customer Base Q4FY26 : ` 15.2 bn Q4FY26 : ` 11.3 bn Q4FY26 : ` 7.6 bn Q4FY26 : 17.0 mn Q-o-Q 0.2% Q-o-Q 2% Q-o-Q -17% Q-o-Q 5.0 % Revenue Yield1 OPBT Yield1 ROE1 Network
Slide 6: Highlights
Highlights • Industry Overview Customer first • ICICI Prudential AMC philosophy • Financial Overview Profitable Growth Low Risk for Brand and shareholder
Slide 7: MF Industry AUM Growth
MF Industry AUM Growth (` tn) Quarterly Average AUM Closing AUM* 54% 54% 54% 56% 56% 55% 81.03 81.62 80.23 0.02 0.08 73.73 14.20 13.52 14.52 65.74 67.42 13.73 5.83 11.22 2.78 10.82 6.90 7.23 5.40 3.23 3.31 5.00 12.78 2.54 2.04 11.62 6.79 2.45 13.38 12.69 10.71 11.07 44.64 40.45 43.99 43.80 36.77 36.
Slide 8: Net Sales Equity Schemes
Net Sales Equity Schemes Net Sales Net Sales for the Quarter (` bn) (` bn) 4,871.05 1,238.98 4,593.67 1,118.67 1,048.87 FY 25 FY 26 Q4 FY 25 Q3 FY 26 Q4 FY 26 Source: AMFI 8
Slide 9: Mutual Fund Industry
Mutual Fund Industry Unique Investors SIP Flows (in mn) (` bn) 61.4 320.87 310.02 59.0 259.26 54.2 Mar-25 Dec-25 Mar-26 Mar-25 Dec-25 Mar-26 Y-o-Y 13.2 % Q-o-Q 4.2 % Y-o-Y 23.8 % Q-o-Q 3.5 % Source: AMFI 9
Slide 10: Highlights
Highlights • Industry Overview Customer first • ICICI Prudential AMC philosophy • Financial Overview Profitable Growth Low Risk for Brand and shareholder
Slide 11: ICICI Pru – QAAUM Split
ICICI Pru – QAAUM Split (` tn) 11.78 11.52 0.33 0.01 0.32 0.68 0.64 0.73 9.43 0.75 SIF 0.26 1.84 0.70 1.67 Y-o-Y 24.9 % Arbitrage 0.64 Liquid Alternates 1.24 2.04 1.99 Q-o-Q 2.3% Passives Debt 1.72 Equity Schemes 6.08 6.20 4.88 Mar-25 Dec-25 Mar-26 Source: Internal; growth % are for total QAAUM 11
Slide 12: Mutual Fund QAAUM
Mutual Fund QAAUM Total MF QAAUM Active MF QAAUM (` bn) (` bn) 10,763.80 11,047.87 9,088.89 9,206.15 8,794.12 7,552.29 Mar-25 Dec-25 Mar-26 Mar-25 Dec-25 Mar-26 Y-o-Y 25.6 % Q-o-Q 2.6% Y-o-Y 21.9 % Q-o-Q 1.3 % 2nd Highest Market Share of 13.5% Highest Market Share 13.7% Source: AMFI, Internal; Marke
Slide 13: MF Equity Schemes QAAUM
MF Equity Schemes QAAUM MF Equity Schemes QAAUM Equity Hybrid MF QAAUM (` bn) (` bn) 6,081.44 6,204.01 2,084.11 2,177.97 4,876.52 1,653.08 Mar-25 Dec-25 Mar-26 Mar-25 Dec-25 Mar-26 Y-o-Y 27.2 % Q-o-Q 2.0 % Y-o-Y 31.8 % Q-o-Q 4.5 % Highest Market Share of 14.2% Highest Market Share of 26.7% Source: A
Slide 14: Other Categories MF QAAUM
Other Categories MF QAAUM Debt MF QAAUM Liquid MF QAAUM Passive MF QAAUM (` bn) (₹ bn) (₹ bn) 2,044.84 1,841.72 1,990.56 699.29 1,674.91 675.64 1,721.25 639.18 1,241.83 Mar-25 Dec-25 Mar-26 Mar-25 Dec-25 Mar-26 Mar-25 Dec-25 Mar-26 Y-o-Y 15.6 % Q-o-Q -2.7 % Y-o-Y -3.4% Q-o-Q 5.7% Y-o-Y 48.3 % Q-o-Q
Slide 15: Unique Customer and MAAUM
Unique Customer and MAAUM Unique Customer Count Individual MAAUM* (in mn) (₹ bn) 8,000.00 7,000.00 6,000.00 5,000.00 17.0 4,000.00 7,030.54 6,858.63 16.2 5,658.22 3,000.00 14.6 2,000.00 1,000.00 Mar-25 Dec-25 Mar-26 - Mar-25 Dec-25 Mar-26 Y-o-Y 16.2 % Q-o-Q 5.0 % Y-o-Y 21.2 % Q-o-Q -2.4% Source : AM
Slide 16: Systematic Transactions
Systematic Transactions (₹ bn) 50.37 51.04 39.06 33.59 23.47 Mar-23 Mar-24 Mar-25 Dec-25 Mar-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 16
Slide 17: Alternates - Boutique within an Institution
Alternates - Boutique within an Institution DISTRIBUTION MANAGEMENT COMPLIANCE RESEARCH INVESTOR / BOUTIQUE SALES & RISK & DISTRIBUTOR PRODUCTS FUND High Conviction Portfolios 17
Slide 18: Alternates Offerings
Alternates Offerings PMS and AIF Offering PMS and AIF QAAUM Growth PMS (₹ bn) 272.81 268.27 211.77 Listed equity Private Credit Real Estate ICICI Venture Offerings 1 Mar-25 Dec-25 Mar-26 AIF (₹ bn) 170.33 159.09 Early Stage Private Private Equity 115.64 Equity Assets under Advisory QAAUM Mar 26 ₹ 29
Slide 19: Distribution Network
Distribution Network MF Equity Schemes QAAUM Distribution Mix ICICI Bank, 7.9% Direct, Banks, 28.9% 11.0% 74.3% 72.0% 71.1% MFDs, 25.7% 28.0% 28.9% National 36.7% Distributors, 15.5% Mar-25 Dec-25 Mar-26 Direct Non-Direct Source : Internal; Basis QAAUM; Data is as of 31st March 2026 19
Slide 20: IT plays a key role in Operations, Risk management & Investor Services
IT plays a key role in Operations, Risk management & Investor Services Data Engineering & Cybersecurity Tech Support Infrastructure & Data Software Architecture Development 20
Slide 21: 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 22: Recent Developments
Recent Developments DIFC GIFT City IFSC iSIF • Established office in DIFC, • Launched an Open- • Launched 2 Specialised Dubai with a dedicated Ended Category III AIF, Investment Funds in Jan team in place ICICI Prudential Smart 2026 : Navigator Fund, which is • iSIF Equity Ex-Top 100 • Gulf region c
Slide 23: Highlights
Highlights • Industry Overview Customer first • ICICI Prudential AMC philosophy • Financial Overview Profitable Growth Low Risk for Brand and shareholder
Slide 24: Statement of Profit and Loss
Statement of Profit and Loss ` mn Particulars FY 2026 FY 2025 Change Income Revenue From Operations 57,646.3 46,827.8 23.1% Other Income 2,362.9 2,968.9 -20.4% Total Income 60,009.2 49,796.7 20.5% Expenses Finance Cost 177.7 185.5 -4.2% Fees and commission expense 4,192.3 3,194.2 31.2% Employee Bene
Slide 25: Statement of Profit and Loss
Statement of Profit and Loss ` mn Particulars Q4 FY26 Q4 FY25 Change Income Revenue From Operations 15,170.1 12,691.9 19.5% Other Income (892.8) 509.5 Total Income 14,277.3 13,201.4 8.1% Expenses Finance Cost 45.9 48.9 -6.2% Fees and commission expense 1,115.1 827.0 34.8% Employee Benefits expense 1
Slide 26: Statement of Profit and Loss
Statement of Profit and Loss ` mn Particulars Q4 FY26 Q3 FY26 Change Income Revenue From Operations 15,170.1 15,146.7 0.2% Other Income (892.8) 1,089.1 Total Income 14,277.3 16,235.8 -12.1% Expenses Finance Cost 45.9 44.6 2.8% Fees and commission expense 1,115.1 1,085.1 2.8% Employee Benefits expens
Slide 27: Statement of Assets and Liabilities
Statement of Assets and Liabilities ` mn As at As at Particulars 31-Mar-26 31-Mar-25 Assets Financial Assets 42,468.4 36,030.1 Non Financial Assets 8,035.4 7,806.7 Total Assets 50,503.8 43,836.8 Liabilities and Equity Liabilities Financial Liabilities 6,325.1 6,370.2 Non Financial Liabilities 2,467.
Slide 28: Operating Margin & Revenue Yields
Operating Margin & Revenue Yields bps of AAUM Bridging Operating Revenue to Operating Margin Operating Margin 35.7 35.9 37.6 14.0 12.5 10.6 49.7 48.4 48.3 FY24 FY25 FY26 Net Operating Revenue Yield Operating Expenses Operating Margins 28
Slide 29: Breakup of Total Investments
Breakup of Total Investments Total Investments: ₹ 38,565.4 million Breakdown of Total Investments Breakdown of Mutual Funds 75.2% 3.9% 0.6% 20.9% 40.2% 59.2% 75.2% Liquid and Debt Equity and Hybrid Others Mutual Funds AIF, Other Equity and REIT Corporate Bonds Data as of 31st March, 2026 29
Slide 30: Return on Equity and Dividend Per Share
Return on Equity and Dividend Per Share Year FY 23 FY 24 FY 25 FY 26 Return on 70.0% 78.9% 82.8% 85.8% Equity 84% 76% 81% 81% Dividend Payout Ratio 54.0 43.6 31.5 25.9 FY 23 FY 24 FY 25 FY 26 (2) Dividend Per Share (1) (1) Dividend per share for the all periods have been adjusted for bonus issue and
Slide 31: Thank you
ASSET MANAGEMENT Thank you
Slide 32: Key Performance Indicators (KPIs)
Key Performance Indicators (KPIs) Particulars Unit FY 26 FY 25 9M FY 26 Operational KPIs Total MF QAAUM1 ₹ bn 11,047.87 8,794.12 10,763.80 Active MF QAAUM1 ₹ bn 9,206.15 7,552.29 9,088.89 MF Equity Schemes QAAUM1 ₹ bn 6,204.01 4,876.52 6,081.44 MF Equity Hybrid QAAUM1 ₹ bn 2,177.97 1,653.08 2,084.11
Slide 33: Definitions & Glossary
Definitions & Glossary 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 Co
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