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Indian (NIFTY) Asset Management Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies114
  • 7D1.2%
  • 3M-0.2%
  • 1Y33.5%
  • YTDn/a

In the last week, the Asset Management industry is flat overall, with HDFC Asset Management standing out by going down 4.1%. The past year has been better, since the industry has gained 32% in that time. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026₹6.8t₹646.5b₹203.0b28.1x33.7x10.6x
Thu, 22 Jan 2026₹6.4t₹563.8b₹196.5b28.9x32.8x11.4x
Sat, 20 Dec 2025₹6.6t₹549.1b₹188.7b29.6x35.2x12.1x
Mon, 17 Nov 2025₹5.3t₹490.1b₹163.4b29.9x32.7x10.9x
Wed, 15 Oct 2025₹5.7t₹435.5b₹161.8b27.8x34.9x13x
Fri, 12 Sep 2025₹5.5t₹448.2b₹163.3b27.1x33.4x12.2x
Sun, 10 Aug 2025₹5.2t₹447.8b₹164.8b29x31.8x11.7x
Tue, 08 Jul 2025₹4.9t₹413.1b₹160.2b29.9x30.8x11.9x
Thu, 05 Jun 2025₹4.6t₹410.3b₹161.4b28.7x28.6x11.3x
Sat, 03 May 2025₹4.0t₹407.6b₹161.9b20.4x24.9x9.9x
Mon, 31 Mar 2025₹3.9t₹405.8b₹161.3b20.2x24.1x9.6x
Wed, 26 Feb 2025₹3.9t₹408.3b₹163.5b21.9x24x9.6x
Fri, 24 Jan 2025₹4.4t₹430.3b₹192.8b25.4x22.9x10.3x
Sun, 22 Dec 2024₹4.9t₹413.4b₹198.9b26.8x24.7x11.9x
Tue, 19 Nov 2024₹4.7t₹412.2b₹198.3b26.8x23.7x11.4x
Thu, 17 Oct 2024₹4.8t₹432.9b₹202.5b27x23.6x11x
Sat, 14 Sep 2024₹4.5t₹432.9b₹203.5b26.6x22.2x10.5x
Mon, 12 Aug 2024₹4.2t₹429.5b₹201.0b27.1x20.7x9.7x
Wed, 10 Jul 2024₹4.1t₹438.9b₹188.7b26.6x21.5x9.2x
Fri, 07 Jun 2024₹3.6t₹431.7b₹186.1b24.7x19.5x8.4x
Sun, 05 May 2024₹3.7t₹472.9b₹192.8b26.9x19x7.7x
Tue, 02 Apr 2024₹3.4t₹451.2b₹200.8b28.1x16.7x7.4x
Thu, 29 Feb 2024₹3.5t₹438.7b₹195.8b28x17.7x7.9x
Sat, 27 Jan 2024₹3.1t₹442.0b₹167.8b26x18.5x7x
Mon, 25 Dec 2023₹3.0t₹438.3b₹166.0b25x17.9x6.8x
Wed, 22 Nov 2023₹2.8t₹438.3b₹166.0b22.4x16.7x6.3x
Fri, 20 Oct 2023₹2.6t₹419.7b₹148.9b25.4x17.3x6.1x
Sun, 17 Sep 2023₹2.3t₹416.0b₹146.1b20x15.5x5.4x
Tue, 15 Aug 2023₹2.1t₹415.8b₹146.2b21.5x14.5x5.1x
Thu, 13 Jul 2023₹2.0t₹405.4b₹140.1b23.9x14.4x5x
Sat, 10 Jun 2023₹1.8t₹405.5b₹140.1b21.1x12.7x4.4x
Mon, 08 May 2023₹1.7t₹385.0b₹116.6b21.2x14.3x4.3x
Wed, 05 Apr 2023₹1.5t₹388.2b₹101.9b19.2x15.2x4x
Fri, 03 Mar 2023₹1.6t₹388.2b₹101.9b20.1x15.9x4.2x
Price to Earnings Ratio

15.9x


Total Market Cap: ₹1.6tTotal Earnings: ₹101.9bTotal Revenue: ₹388.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Asset Management Industry Price to Earnings3Y Average 22.5x202420252026
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 33.3x which is higher than its 3-year average PE of 22.5x.
  • The 3-year average PS ratio of 8.7x is lower than the industry's current PS ratio of 10.5x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 19% 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 Market0.13%
Financials0.92%
Capital Markets0.035%
Asset Management1.16%
Financial Exchanges and Data-0.78%
Investment Banking and Brokerage-1.81%
Diversified Capital Markets-2.39%
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₹3.13k2.8%
+₹42.0b		n/aPE48x
NAM-INDIA Nippon Life India Asset Management₹985.056.6%
+₹39.1b		85.9%PE43.5x
501301 Tata Investment₹686.959.0%
+₹28.7b		19.5%PE85.3x
ABSLAMC Aditya Birla Sun Life AMC₹919.054.8%
+₹12.1b		40.6%PE26.1x
ANANDRATHI Anand Rathi Wealth₹3.07k2.3%
+₹5.6b		53.2%PE69.5x

Latest News

NAM-INDIA
₹985.05
Nippon Life India Asset Management
7D
6.6%
1Y
85.9%

NAM-INDIA: Rich Earnings Multiple Will Outweigh Supportive Dividend Expectations

Analysts have lifted their price target for Nippon Life India Asset Management from ₹799 to ₹828, citing updated assumptions that include a lower discount rate, higher revenue growth, a slightly stronger profit margin, and a reduced future P/E multiple. What's in the News A board meeting is scheduled for January 29, 2026, at 15:35 Indian Standard Time to consider and approve unaudited financial results for the quarter ending December 31, 2025 (company event filing).
CDSL
₹1,334.30
Central Depository Services (India)
7D
-1.4%
1Y
9.9%

CDSL: Upcoming Results Will Reinforce Bullish View On Future Earnings Multiple

Analysts have kept their price target for Central Depository Services (India) steady at ₹1,660, citing only small tweaks to assumptions around discount rate, revenue growth and profit margin rather than a change in their overall view of the stock. What's in the News A board meeting is scheduled on January 31, 2026 to consider, approve and record the audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, along with the statutory auditor's report (Key Developments).
ANANDRATHI
₹3,067.60
Anand Rathi Wealth
7D
2.3%
1Y
53.2%
HDFCAMC
₹2,726.80
HDFC Asset Management
7D
-4.1%
1Y
44.1%

HDFCAMC: Upcoming Results Meeting Will Support Confidence In Future Prospects

Analysts have maintained their fair value estimate for HDFC Asset Management at ₹3,060, with small tweaks to inputs such as the discount rate, revenue growth assumptions and future P/E multiple informing this unchanged price target. What's in the News A board meeting is scheduled for January 14, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ending December 31, 2025, subject to limited review by the statutory auditors (company filing).
542866
₹174.60
Colab Platforms
7D
-1.0%
1Y
468.2%
536773
₹1,296.95
Jindal Poly Investment and Finance
7D
16.0%
1Y
106.1%
ICICIAMC
₹3,131.00
ICICI Prudential Asset Management
7D
2.8%
1Y
n/a
EDELWEISS
₹123.18
Edelweiss Financial Services
7D
2.3%
1Y
27.4%
360ONE
₹1,126.90
360 One Wam
7D
0.7%
1Y
11.6%

360ONE: GIFT City Subsidiary Will Support Future Upside Potential

Analysts have modestly adjusted their price views on 360 One Wam, tying the updated fair value of ₹1,396.73 to a slightly lower discount rate and a marginally reduced future P/E assumption, while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News Board meeting scheduled on January 15, 2026 to review and approve standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
PRUDENT
₹2,557.00
Prudent Advisory Services
7D
-2.0%
1Y
33.5%

PRUDENT: Future Board Decisions And Earnings Trends Will Shape Fair Assessment

Analysts now set their fair value estimate for Prudent Advisory Services at $2,832.0, down from $2,984.5. They cite updated assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News Board meeting scheduled for January 28, 2026, to consider and approve the unaudited financial results for the quarter and nine months ended December 31, 2025.
501301
₹686.95
Tata Investment
7D
9.0%
1Y
19.5%
544467
₹919.30
National Securities Depository
7D
-2.4%
1Y
n/a
ABSLAMC
₹919.05
Aditya Birla Sun Life AMC
7D
4.8%
1Y
40.6%
503681
₹109,725.00
Elcid Investments
7D
-2.5%
1Y
-22.5%
501298
₹5,137.70
Industrial And Prudential Investment
7D
-2.9%
1Y
-1.5%
MAHSCOOTER
₹13,457.00
Maharashtra Scooters
7D
-1.8%
1Y
43.1%