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An analysis done by Cafemutual on the profit before tax of the listed AMCs reveals that the listed AMCs have made gross profit of 0.33% of the total assets in FY 2025.
The four listed AMCs have made gross profits or profit before tax (PBT) of close to Rs.7100 crore. On the other hand, the industry has booked net profit or profit after tax (PAT) of Rs. 5330 crore, making it 0.26% of the total AUM.
HDFC AMC has made the highest gross profit of 0.44% of its total assets last financial year. The company has made gross profit of Rs.3286 crore in FY25 compared to Rs.2478 crore in FY2024, a growth of 33% in one year.
Other three listed AMCs - ABSL, Nippon India and UTI have made the gross profits of profits before tax of 0.22%, 0.31% and 0.37%, respectively.
Let us look at the gross profits of listed AMCs:
AMCs |
2025 PBT (Rs. Crore) |
2024 PBT (Rs. Crore) |
AUM (in Rs. Lakh Crore) |
Absolute change in profits |
Profit % to AUM |
ABSL |
873 |
766 |
4.05 |
14.02 |
0.22 |
HDFC |
3286 |
2478 |
7.55 |
32.61 |
0.44 |
Nippon India |
1694 |
1353 |
5.54 |
25.28 |
0.31 |
UTI |
1244 |
1008 |
3.40 |
23.41 |
0.37 |
Here is the details of net profits of listed AMCs:
AMCs |
2025 PAT (Rs. Crore) |
2024 PAT (Rs. Crore) |
AUM (in Rs. Lakh Crore) |
Absolute change in profits |
Profit %to AUM |
ABSL |
654 |
601 |
4.05 |
8.83 |
0.16 |
HDFC |
2461 |
1946 |
7.55 |
26.46 |
0.33 |
UTI |
931 |
780 |
3.40 |
19.36 |
0.27 |
Nippon India |
1286 |
1106 |
5.54 |
16.22 |
0.23 |
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