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Indian (NIFTY) Asset Management Industry Analysis

UpdatedAug 25, 2026
DataAggregated Company Financials
Companies117
  • 7D1.0%
  • 3M2.8%
  • 1Y-0.06%
  • YTDn/a

ICICI Prudential Asset Management is up 3.0%, leading the way for the Asset Management industry, which has gained 1.0%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

Has the Indian Asset Management Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Aug 2026₹8.3t₹827.2b₹228.9b28.7x36.2x10x
Thu, 23 Jul 2026₹8.1t₹791.3b₹223.7b36.3x36.2x10.2x
Sat, 20 Jun 2026₹7.3t₹729.1b₹186.8b37.2x38.9x10x
Mon, 18 May 2026₹7.2t₹748.7b₹211.0b34.8x34.2x9.6x
Wed, 15 Apr 2026₹6.7t₹647.1b₹204.0b29.5x32.9x10.4x
Fri, 13 Mar 2026₹6.3t₹646.2b₹203.0b29.2x31.2x9.8x
Sun, 08 Feb 2026₹6.7t₹571.4b₹199.5b26.2x33.4x11.7x
Tue, 06 Jan 2026₹6.8t₹549.1b₹188.7b31.1x35.9x12.3x
Thu, 04 Dec 2025₹5.2t₹499.3b₹162.2b29.3x32.3x10.5x
Sat, 01 Nov 2025₹5.4t₹438.6b₹163.2b28x32.9x12.2x
Mon, 29 Sep 2025₹5.4t₹448.2b₹163.3b26.4x33.1x12x
Wed, 27 Aug 2025₹5.4t₹448.2b₹163.3b27.8x33x12x
Fri, 25 Jul 2025₹5.1t₹414.6b₹161.2b30.5x31.8x12.4x
Sun, 22 Jun 2025₹4.8t₹409.9b₹160.3b30.1x29.7x11.6x
Tue, 20 May 2025₹4.5t₹413.4b₹168.1b22.1x26.5x10.8x
Thu, 17 Apr 2025₹3.9t₹406.3b₹161.4b22.8x24.3x9.6x
Sat, 15 Mar 2025₹3.6t₹405.8b₹161.3b20.6x22x8.8x
Mon, 10 Feb 2025₹4.2t₹433.3b₹193.0b23.1x21.8x9.7x
Wed, 08 Jan 2025₹4.7t₹413.1b₹190.4b26.9x24.8x11.4x
Fri, 06 Dec 2024₹4.9t₹413.0b₹198.7b27.2x24.7x11.9x
Sun, 03 Nov 2024₹4.7t₹443.0b₹197.9b26.4x24x10.7x
Tue, 01 Oct 2024₹4.5t₹430.2b₹201.4b28.6x22.4x10.5x
Thu, 29 Aug 2024₹4.5t₹432.9b₹203.5b25.7x22.3x10.5x
Sat, 27 Jul 2024₹4.0t₹445.2b₹192.2b28.4x21x9.1x
Mon, 24 Jun 2024₹3.8t₹434.2b₹188.3b25.7x20.3x8.8x
Wed, 22 May 2024₹3.6t₹477.2b₹197.5b25.8x18.3x7.6x
Fri, 19 Apr 2024₹3.5t₹459.5b₹186.4b26.5x18.9x7.7x
Sun, 17 Mar 2024₹3.3t₹451.2b₹200.8b27.5x16.7x7.4x
Tue, 13 Feb 2024₹3.2t₹444.7b₹167.8b30.3x19.1x7.2x
Thu, 11 Jan 2024₹3.1t₹438.3b₹166.0b25.1x18.6x7.1x
Sat, 09 Dec 2023₹2.9t₹438.3b₹166.0b23.3x17.4x6.6x
Mon, 06 Nov 2023₹2.6t₹439.6b₹165.6b23.9x15.5x5.8x
Wed, 04 Oct 2023₹2.4t₹418.0b₹148.0b24.4x16.3x5.8x
Fri, 01 Sep 2023₹2.1t₹416.0b₹146.3b17.2x14.6x5.1x
Price to Earnings Ratio

14.6x


Total Market Cap: ₹2.1tTotal Earnings: ₹146.3bTotal Revenue: ₹416.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Asset Management Industry Price to Earnings3Y Average 25.8x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Asset Management and Custody Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 36.2x which is higher than its 3-year average PE of 25.8x.
  • The industry is trading close to its 3-year average PS ratio of 9.6x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 26% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Asset Management compare with similar industries?

IN Market-0.11%
Financials0.14%
Capital Markets1.02%
Asset Management1.02%
Diversified Capital Markets3.59%
Financial Exchanges and Data2.70%
Investment Banking and Brokerage-1.10%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ICICIAMC ICICI Prudential Asset Management₹3.29k6.0%
+₹91.8b		n/aPE46.8x
HDFCAMC HDFC Asset Management₹2.70k6.9%
+₹74.2b		-6.3%PE39.2x
NAM-INDIA Nippon Life India Asset Management₹1.22k4.6%
+₹34.4b		48.3%PE47.8x
360ONE 360 One Wam₹1.21k4.0%
+₹18.9b		11.3%PE39x
CDSL Central Depository Services (India)₹1.39k4.0%
+₹11.3b		-6.5%PE63.9x

Latest News

533095
₹6,160.00
Bengal & Assam
7D
-3.6%
1Y
-24.4%
EDELWEISS
₹128.15
Edelweiss Financial Services
7D
5.6%
1Y
18.7%
Analysis Article • Aug 22

Here's Why We Think Edelweiss Financial Services (NSE:EDELWEISS) Might Deserve Your Attention Today

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
NAM-INDIA
₹1,224.40
Nippon Life India Asset Management
7D
4.6%
1Y
48.3%
Narrative Update • Aug 18

NAM-INDIA: Dividend Support And Profitability Assumptions Will Sustain Steady Outlook

Analysts have raised the fair value estimate for Nippon Life India Asset Management from ₹1,086.48 to ₹1,236.42, citing updated assumptions that include a slightly different discount rate, changes in the revenue growth outlook, an updated profit margin profile, and a revised future P/E expectation. What's in the News Nippon Life India Asset Management has scheduled a board meeting on July 22, 2026, to consider and approve unaudited financial results for the quarter ending June 30, 2026.
ANANDRATHI
₹2,164.40
Anand Rathi Wealth
7D
-1.4%
1Y
54.5%
Narrative Update • Aug 17

ANANDRATHI: Slower Revenue Assumptions And Lower P/E Multiple Will Pressure Upside

Analysts have trimmed their price target on Anand Rathi Wealth from ₹1,800 to ₹1,700 as they factor in updated assumptions on revenue growth, profit margins and a slightly lower future P/E multiple. What’s in the News for Anand Rathi Wealth A board meeting is scheduled on 9 July 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, after review by the Audit Committee.
PRUDENT
₹3,336.00
Prudent Advisory Services
7D
-0.5%
1Y
17.5%
Narrative Update • Aug 17

PRUDENT: Acquisition Plans And Dividend Timelines Will Shape A Measured Outlook

Analysts have raised their price target for Prudent Advisory Services from ₹2,800 to ₹3,175, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E, which they believe better reflect the company’s current fundamentals. What's in the News for Prudent Advisory Services Prudent Advisory Services reported that it is seeking acquisitions.
536773
₹953.80
Jindal Poly Investment and Finance
7D
-4.8%
1Y
30.4%
360ONE
₹1,210.00
360 One Wam
7D
4.0%
1Y
11.3%
CDSL
₹1,394.80
Central Depository Services (India)
7D
4.0%
1Y
-6.5%
Narrative Update • Aug 11

CDSL: Higher P/E And Weaker Margins Will Pressure Future Returns

Analysts have lifted their price target for Central Depository Services (India) from ₹1,090 to ₹1,140, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E. What's in the News Central Depository Services (India) entered into an agreement with Anand Projects Limited to provide e-voting services through its e-voting platform.
SBIFUNDS
₹549.05
SBI Funds Management
7D
-1.0%
1Y
n/a
501301
₹644.20
Tata Investment
7D
-0.5%
1Y
-6.4%
HDFCAMC
₹2,698.00
HDFC Asset Management
7D
6.9%
1Y
-6.3%
Narrative Update • Aug 05

HDFCAMC: Dividend Payout And Employee Equity Grants Will Support Future Upside

Analysts have adjusted their price target for HDFC Asset Management to ₹3,111.78 from ₹3,044.36, reflecting updated assumptions related to revenue growth, profit margin, discount rate and future P/E levels for the stock. What's in the News HDFC Asset Management has scheduled a board meeting on July 15, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter ending June 30, 2026.
ABSLAMC
₹1,001.80
Aditya Birla Sun Life AMC
7D
-1.1%
1Y
18.9%
KFINTECH
₹966.00
KFin Technologies
7D
0.9%
1Y
-8.4%
Analysis Article • Jul 29

KFin Technologies Limited (NSE:KFINTECH) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

Investors in KFin Technologies Limited ( NSE:KFINTECH ) had a good week, as its shares rose 9.6% to close at ₹974...
539177
₹565.75
Authum Investment & Infrastructure
7D
2.3%
1Y
-9.4%
UTIAMC
₹889.95
UTI Asset Management
7D
-0.5%
1Y
-34.0%
Narrative Update • Jul 27

UTIAMC: Upcoming 40 Dividend And Quarterly Results Will Support Bullish Outlook

Analysts have trimmed their fair value estimate for UTI Asset Management, with the updated price target moving from ₹1,279.30 to ₹1,200.00. This reflects adjustments to revenue growth, discount rate, profit margin and future P/E assumptions.
ICICIAMC
₹3,291.80
ICICI Prudential Asset Management
7D
6.0%
1Y
n/a
Narrative Update • Jun 26

ICICIAMC: Index Additions And Updated Assumptions Will Guide Balanced Outlook

Analysts have raised their price target for ICICI Prudential Asset Management from ₹3,392 to ₹3,660, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E, which together support a higher valuation framework. What's in the News ICICI Prudential Asset Management has a board meeting scheduled on May 21, 2026, to consider the intimation of the Annual General Meeting and the record date.