It’s a good day to be in the asset management game.
AMC stocks saw a sharp rise on July 10 after two strong signals hit the market. First, equity mutual fund inflows shot up in June. Second, ICICI Prudential AMC filed for a massive Rs 10,000 crore IPO. Together, they gave the sector a much-needed boost.
According to the latest AMFI data, net inflow into equity mutual funds went up 24% in June, reaching Rs 23,587 crore. That’s a strong comeback after five months of falling numbers. Just in May, the inflow was Rs 19,013 crore. Before that, the trend had been going down since December.
Between December and April, equity inflows dropped from Rs 41,156 crore to Rs 24,269 crore. But June changed the mood. Investors are back, and the numbers prove it.
AMC stocks were buzzing on July 10.
UTI AMC was up 6.2%, trading at Rs 1,428.
Aditya Birla Sun Life AMC rose 4% to Rs 850.
Nippon Life India AMC gained nearly 2%, hitting Rs 815.8.
HDFC AMC went up 1.5% to Rs 5,217.5.
It wasn’t just the AMFI data fueling the fire. ICICI Prudential AMC added more heat by filing its draft papers with SEBI for a Rs 10,000 crore IPO. That kind of number grabs attention.
The IPO is a pure offer-for-sale. UK-based Prudential Corporation Holdings will sell 1.76 crore shares. ICICI AMC won’t get any fresh funds from this, but the move still builds confidence in the sector.
ICICI Prudential AMC is not just about mutual funds. It also handles portfolio management services, offshore advisory, and alternative investment funds (AIFs). That makes it a big player with a wide reach.
The IPO will be handled by top banks like Morgan Stanley, BofA Securities, Axis Capital, and SBI Capital. A total of 18 merchant bankers are involved, showing how big this offering really is.
Meanwhile, debt mutual funds had a slower month. They saw an outflow of Rs 1,711 crore in June. But that’s still better than the Rs 15,908 crore outflow in May.
So, what’s the big picture?
AMC stocks are getting attention again. Money is flowing in. A major IPO is in the works. And investors are clearly watching. This may just be the start of a strong new chapter for India’s asset management space.
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