UTI AMC, ABSL AMC, Nippon AMC gain up to 6% as equity mutual fund inflows jump 24% in June; ICICI Prudential AMC IPO buzz lifts sentiment

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Stocks React Positively to AMFI Data, IPO Filing AMFI Data Points to Sector Reversal Outlook and Stocks to Watch

Mumbai, July 10, 2025 — Asset Management Company (AMC) stocks surged on Wednesday after AMFI’s June data showed a sharp 24% rise in net equity inflows, snapping a 5-month declining streak. Additionally, ICICI Prudential AMC filing draft IPO papers for a ₹10,000 crore offer-for-sale (OFS) also triggered buying interest across the mutual fund sector.

According to data released by the Association of Mutual Funds in India (AMFI) on July 9, net inflow into equity mutual funds rose to ₹23,587 crore in June, up from ₹19,013 crore in May. This marked the first month of rising inflows after five straight months of decline.

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Stocks React Positively to AMFI Data, IPO Filing

By 12:50 PM, shares of UTI AMC jumped 6.2% to ₹1,428, while Aditya Birla Sun Life AMC rallied 4% to ₹850. Shares of Nippon Life India AMC gained nearly 2% to ₹815.8 and HDFC AMC added 1.5% at ₹5,217.5.

Investors are betting on improved profitability for AMCs due to rising Systematic Investment Plan (SIP) flows, renewed equity market enthusiasm, and revival in fund mobilization trends post-election.

Meanwhile, ICICI Prudential AMC’s IPO filing added fuel to the rally. The company, a joint venture between ICICI Bank and UK-based Prudential Corporation Holdings, plans to raise up to ₹10,000 crore via an offer for sale of 1.76 crore shares by the foreign partner.

Since no fresh issue is involved, ICICI Prudential AMC will not receive any proceeds, but the listing could unlock valuation benchmarks for the sector and attract institutional interest.

AMFI Data Points to Sector Reversal

June Equity MF Inflows: ₹23,587 crore
May Equity MF Inflows: ₹19,013 crore
Previous declining trend: ₹41,156 cr (Dec) → ₹24,269 cr (Apr)
Debt Fund Outflows: ₹1,711 crore (June) vs ₹15,908 crore (May)

This reversal suggests growing investor appetite for equities, which could boost Average Assets Under Management (AAUM) and fee-based income for AMCs. The improved flows also signal positive retail sentiment, which benefits full-service AMCs with wide distribution networks.

Outlook and Stocks to Watch

The positive trend in retail equity flows, coupled with buzz around a high-profile IPO, is likely to keep AMC stocks in focus for the coming weeks. Brokerages expect earnings upgrades for select AMC names if equity inflows sustain above ₹20,000 crore monthly run rate.