Icici Prudential Asset Management Company Ltd. · NSE:ICICIAMC
Icici Prudential Asset Management — Q2 FY2027 Earnings Presentation
37 slides from Icici Prudential Asset Management's earnings presentation, Oct 12, 2026
Slide 1: Exchange filing cover letter
IPAMC/SE/53/26-27 October 12, 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), Mu
Slide 2: Q2 – FY 2027: Performance Review
Q2 – FY 2027: Performance Review October 12, 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 +14.4% ` 11,608.19 bn 13.3% Active MF QAAUM and MS +11.1% ` 9,594.87 bn 13.3% Equity Schemes MF QAAUM and MS +16.3% ` 6,591.81 bn 13.7% Equity Hybrid MF QAAUM and MS +19.7% ` 2,288.58 bn 26.4% Alternates and PMS QAAUM +5.2% / +21.4% ` 809.65 bn
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 Q2FY27 : ` 16.7 bn Q2FY27 : ` 11.8 bn Q2FY27 : ` 8.9 bn Q2FY27 : 17.8 mn Y-o-Y + 16% Y-o-Y +16% Y-o-Y + 6% Y-o-Y +14.4 % Revenue Yield1 OPBT Yield1 Network2 0.53%
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% 55% 56% 57% 57% 87.49 82.22 82.64 83.28 75.61 77.14 0.27 14.82 14.70 0.14 15.19 12.65 14.73 6.51 7.10 12.35 5.58 2.86 8.69 2.98 6.87 7.94 3.55 2.64 3.34 11.29 10.98 3.06 11.60 12.72 13.08 11.94 48.19 42.02 46.73 46.88 41.78 45.
Slide 9: Net Sales Equity Schemes
Net Sales Equity Schemes ₹ bn Net Sales Net Sales for the Quarter 1,413.33 2,236.01 2,199.66 1,061.31 1,138.34 6M FY 26 6M FY 27 Q2 FY 26 Q1 FY 27 Q2 FY 27 Source: AMFI, Internal 8
Slide 10: Mutual Fund Industry
Mutual Fund Industry ₹ bn Unique Investors SIP Flows 61.9 63.3 317.81 324.90 57.0 293.61 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Y-o-Y +11.1% Q-o-Q +2.3% Y-o-Y +10.7% Q-o-Q +2.2% Source: AMFI, Internal 9
Slide 11: Highlights
Highlights • Industry Overview • ICICI Prudential AMC • Financial Overview
Slide 12: ICICI PRU – QAAUM Split
ICICI PRU – QAAUM Split ` tn 11.97 12.42 10.92 0.35 0.05 0.32 0.03 0.80 0.73 0.32 0.81 0.66 0.79 SIF 0.77 2.01 Y-o-Y +13.7% Arbitrage 1.93 Liquid 1.51 Alternates 1.81 Q-o-Q +3.8% 1.86 Passives 1.99 Debt Equity Schemes 6.31 6.59 5.67 Sep-25 Jun-26 Sep-26 Source: Internal; growth % are for total QAAUM
Slide 13: Mutual Fund QAAUM
Mutual Fund QAAUM ₹ bn Total MF QAAUM Active MF QAAUM 9,246.98 9,594.87 11,172.22 11,608.19 8,635.67 10,147.58 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Y-o-Y +14.4% Q-o-Q +3.9% Y-o-Y +11.1% Q-o-Q +3.8% 2nd Highest Market Share of 13.3% Highest Market Share 13.3% Source: AMFI, Internal, Market Share
Slide 14: MF Equity Schemes QAAUM
MF Equity Schemes QAAUM ₹ bn MF Equity Schemes QAAUM Equity Hybrid MF QAAUM 6,591.81 6,312.15 2,215.41 2,288.58 5,666.30 1,912.29 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Y-o-Y +16.3% Q-o-Q +4.4% Y-o-Y +19.7% Q-o-Q +3.3% Highest Market Share of 13.7% Highest Market Share of 26.4% Source: AMFI, Inte
Slide 15: Other Categories MF QAAUM
Other Categories MF QAAUM ₹ bn Debt MF QAAUM Liquid MF QAAUM Passive MF QAAUM 797.86 1,991.44 659.69 725.37 1,925.24 2,013.31 1,858.61 1,809.57 1,511.91 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Y-o-Y -9.1% Q-o-Q -2.6% Y-o-Y +20.9% Q-o-Q +10.0% Y-o-Y +33.2% Q-o-Q +4.6% Source: A
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 ₹ bn Unique Customer Count Individual MAAUM* 7,412.62 7,238.06 17.3 17.8 15.5 6,610.32 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Y-o-Y +14.4% Q-o-Q +2.5% Y-o-Y +12.1% Q-o-Q +2.4% Source : Internal; *Includes Domestic FOF & includes SIF 16
Slide 18: Systematic Transactions
Systematic Transactions (₹ bn) 51.04 48.03 48.72 46.72 39.06 33.59 23.47 Mar-23 Mar-24 Mar-25 Sep-25 Mar-26 Jun-26 Sep-26 Systematic Transactions represents monthly inflows from Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) for mutual fund and PMS business; Source : Internal da
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) 289.96 307.91 253.64 Listed equity Private Credit Real Estate Sep-25 Jun-26 Sep-26 AIF (₹ bn)* Private Equity Early-Stage Private Equity 227.37 242.60 186.87 Asset under Advisory Sep-25 Jun-26 Sep-26 • Assets under Advisory QAAUM S
Slide 21: Distribution Network
Distribution Network ₹ bn MF Equity Schemes QAAUM Equity Hybrid MF QAAUM ICICI Bank, 7.5% Direct, Banks, 29.9% 10.6% 72.9% 70.5% 70.1% Sep 2026 27.1% 29.5% 29.9% MFDs, 36.1% National Distributors, 15.9% Sep-25 Jun-26 Sep-26 Direct Non-Direct Source : Internal; Basis QAAUM; Data is as of 30th Sep 202
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: Digital Stack Modernization
Digital Stack Modernization 01 02 03 AI-Lead INTERNAL PRODUCTS MF Portal MF App MF Portal MF App Service Desk Search Alternates Alternates Co- Callback Goal ETF Portal Portal Branding Service Planner Portal PARTNERS INVESTOR Corporate Customer IpruAssist iSIF Portal iSIF Portal MF Connect Employee B
Slide 24: Highlights
Highlights • Industry Overview • ICICI Prudential AMC • Financial Overview
Slide 25: Statement of Profit and Loss
Statement of Profit and Loss ` mn Particulars H1 FY 27 H1 FY 26 Change Income Revenue From Operations 32,380.1 27,697.3 16.9% Other Income 1,977.1 2,185.1 -9.5% Total Income 34,357.2 29,882.4 15.0% Expenses Finance Cost 94.9 87.2 8.8% Fees and commission expense 2,565.4 2,049.5 25.2% Employee Benefi
Slide 26: Statement of Profit and Loss
Statement of Profit and Loss ` mn Particulars Q2 FY27 Q2 FY26 Change Income Revenue From Operations 16,737.9 14,390.6 16.3% Other Income 169.1 718.6 -76.5% Total Income 16,907.0 15,109.2 11.9% Expenses Finance Cost 47.5 35.7 33.2% Fees and commission expense 1,328.5 1,019.4 30.3% Employee Benefits e
Slide 27: Statement of Profit and Loss
Statement of Profit and Loss ` mn Particulars Q2 FY27 Q1 FY27 Change Income Revenue From Operations 16,737.9 15,642.2 7.0% Other Income 169.1 1,808.0 -90.6% Total Income 16,907.0 17,450.2 -3.1% Expenses Finance Cost 47.5 47.4 0.4% Fees and commission expense 1,328.5 1,236.9 7.4% Employee Benefits ex
Slide 28: Statement of Assets and Liabilities
Statement of Assets and Liabilities ` mn As at As at Particulars 30-Sep-26 31-Mar-26 ASSETS Financial Assets 54,758.0 42,666.7 Non Financial Assets 7,936.3 8,038.2 Total Assets 62,694.3 50,704.9 Liabilities and Equity Liabilities Financial Liabilities 5,921.3 7,404.4 Non Financial Liabilities 3,369.
Slide 29: Net Operating Revenue & Revenue yields
Net Operating Revenue & Revenue yields bps of AUM Bridging Operating Revenue to Net Operating Revenue Operating Margin – H1 FY27 ₹ mn 53.0 48.8 -4.2 Particulars Q2 FY27 Q1 FY27 Q2 FY26 37.3 Mutual Fund 13,854.0 12,967.2 11,895.1 -11.5 Alternates 1,337.1 1,230.6 1,206.9 Advisory 218.3 207.5 269.2 Tot
Slide 30: Breakup of Total Investments
Breakup of Total Investments Total Investments: ₹ 51,866.0 million Breakdown of Total Investments Breakdown of Mutual Funds 77.8% 2.8% 0.5% 19.4% 33.4% 66.1% 77.8% Mutual Fund/SIF AIF, Other Equity and REIT Corporate Bonds Liquid and Debt Equity and Hybrid Others Data as of 30th September, 2026 29
Slide 31: Dividend Per Share
Dividend Per Share Dividend Per share DIVIDEND PAYOUT RATIO 54.0 FY24 76% 43.6 31.5 30.0 FY25 81% FY26 81% H1 FY27 80% FY24 FY25 FY26 H1 FY27 (1) Dividend per share for all previous periods adjusted for bonus issue and share split (2) The Board of Directors declared interim dividend of ` 30 per shar
Slide 32: Thank you
ASSET MANAGEMENT Thank you
Slide 33: Key Performance Indicators (KPIs)
Key Performance Indicators (KPIs) Particulars Unit H1 FY 27 Q1 FY 27 H1 FY 26 Operational KPIs Total MF QAAUM1 ₹ bn 11,608.19 11,172.22 10,147.58 Active MF QAAUM1 ₹ bn 9,594.87 9,246.98 8,635.67 MF Equity Schemes QAAUM1 ₹ bn 6,591.81 6,312.15 5,666.30 MF Equity Hybrid QAAUM1 ₹ bn 2,288.58 2,215.41 1
Slide 34: 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 35: Press release: corporate highlights
Mumbai, October 12, 2026: ICICI Prudential Asset Management Company Limited today reported its financial performance for the quarter ended September 30, 2026. ICICI Prudential AMC’s Operating Profit Before Tax for the six-month period ended September 30, 2026 at ₹22.81 billion, an increase of 17.8%
Slide 36: Financial highlights for the six month period
FINANCIAL HIGHLIGHTS FOR THE SIX MONTH PERIOD ENDED SEPTEMBER 30, 2026 • The Operating Profit before tax of the company for the six months ended September 30, 2026 was ` 22,806.4 million as compared to ₹19,360.5 million for the six months ended September 30, 2025. • Profit before tax for the six mon
Slide 37: 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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