These are Most Profitable AMCs in Mutual Fund Industry in FY25 Led by ICICI Prudential, SBI and HDFC AMC

In FY25, several asset management companies (AMCs) in India’s mutual fund industry showed strong profitability. Led by major players like ICICI Prudential AMC, SBI AMC and HDFC AMC, the industry combinedly reported a total profit before tax (PBT) of ₹21,433 crore, marking a 29% rise over FY24. The data reflects the overall growth trend among top-performing AMCs during the financial year. 

Top Profitable AMCs by Profit Before Tax in FY25 

ICICI Prudential AMC reported the highest PBT in FY25 at ₹3,533 crore, growing by ₹835 crore from FY24. SBI AMC followed closely with ₹3,364 crore, up by ₹690 crore, while HDFC AMC posted ₹3,286 crore, growing by ₹808 crore. Motilal Oswal AMC, despite a decline, stood fourth with ₹1,728 crore. Nippon India AMC recorded ₹1,655 crore, a rise of ₹361 crore. 

Other AMCs with over ₹1,000 crore PBT included Kotak AMC (₹1,270 crore), Aditya Birla Sun Life AMC (₹1,245 crore) and UTI AMC (₹1,052 crore). Axis AMC and DSP AMC rounded off the top 10 with ₹671 crore and ₹560 crore respectively. 

Top AMCs by Profit After Tax in FY25 

ICICI Prudential AMC also led in profit after tax (PAT) with ₹2,651 crore, an increase of ₹601 crore from FY24. SBI AMC recorded ₹2,540 crore PAT, growing by ₹467 crore, and HDFC AMC reported ₹2,461 crore with a rise of ₹515 crore. 

Motilal Oswal AMC, though seeing a decline, posted ₹1,391 crore. Nippon India AMC achieved ₹1,252 crore, followed by Kotak AMC at ₹977 crore. Aditya Birla Sun Life AMC, UTI AMC and Axis AMC also featured among those with PAT over ₹500 crore. 

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Highest Growth in Profitability Among AMCs 

In terms of growth rate, Baroda BNP Paribas AMC saw the sharpest rise in PBT percentage, from ₹3 crore in FY24 to ₹58 crore in FY25, a jump of 1,833%. Quant AMC witnessed a 222% growth in both PBT and PAT. Kotak AMC also demonstrated a significant jump in PAT by ₹452 crore or 86%. 

Meanwhile, AMCs like Groww, Trust, JM Financial, ITI and PGIM India reported PAT and PBT losses in FY25. Out of 41 AMCs analysed, 28 were profitable at the pre-tax level. 

Conclusion 

The mutual fund industry in FY25 witnessed enhanced profitability driven by the top AMCs. ICICI Prudential AMC, SBI AMC and HDFC AMC continued to lead by both PBT and PAT, contributing substantially to the industry's overall earnings performance for the year. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.