ICICI Prudential Asset Management Company, India's second-largest mutual fund house with a 13.4% quarterly average AUM market share, reports its Q2 FY 2026-2027 numbers into a quarter that saw the Nifty 50 fall about 5.2% between June 30 and September 30, 2026. The print will speak to two things above all: whether the September equity correction dented average AUM and revenue yield, and how a full quarter of resumed ESOP-related expenses weighs on operating margins.
Quick Details| Results date | October 12, 2026 |
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| Quarter | Q2 FY 2026-2027 |
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| Previous quarter revenue | Rs. 1,564 crores (Q1 FY27, up 17.6% YoY) |
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| Previous quarter PAT | Rs. 965 crores (Q1 FY27, up 23.1% YoY) |
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| Market cap | Rs. 151,811.5 Cr |
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| CMP | Rs. 3071.5 |
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ICICI Prudential Asset Management Company Limited Q2 Results Date and Time
The board was scheduled to meet on October 12 to consider unaudited Q2/H1 FY27 results and an interim dividend, if any. The trading window was closed from October 1 through October 14, both dates inclusive.
Key Things To Watch
Net-flow share vs AUM market share and Q2 flow trends: Management's open-ended objective is for net-flow share to exceed AUM market share, and it stated in Q4 FY26 that equity-scheme net-flow market share exceeded its AUM market share.
- Whether net-flow share — including for equity schemes — remained above AUM market share in Q2, the key guided metric to verify after September volatility
- Debt redemption trends: Q1 saw institutional-investor redemptions in debt with a 6% sequential moderation in industry quarterly average debt AUM; watch whether September quarter-end triggered further outflows
- Systematic transactions moderated to Rs. 4,872 crores in June 2026 from Rs. 5,104 crores in March 2026 before a June rebound; watch the Q2 trajectory
ICICI Securities PMS acquisition and ICICI Venture AIF transfer
- PMS slump-sale status: actual AUM transferred, SEBI and other approvals, timing against the stated expectation of completion within a year, and final cash consideration at 1.20% of transferred AUM (stated AUM base Rs. 29.10 billion as of March 31, 2026)
- ICICI Venture AIF management-rights transfer effective April 1, 2026 for Rs. 1,079.4 million — update on product categories added
iSIF, GIFT City and Choti SIP progress
- iSIF AUM update beyond the Rs. 2,678 crores across four strategies reported in Q1 FY27; management previously declined to give a specific AUM target
- Choti SIP traction against management's stated 12–15-month typical SIP evaluation period; the initiative is nascent with daily-SIP traction in its initial phase
- GIFT City update following the launch of the ICICI Prudential Smart Navigator Fund, the company's first GIFT City offering
ESOP expense run-rate and margin basis
- Q2 employee-cost level versus Q1's Rs. 204 crores (up 44.5% QoQ), as the ESOP/ESU-linked P&L impact resumes from FY27 onward
- Clarification of the calculation basis for reported operating margin and the reporting basis for financial figures, which the retrieved excerpts do not specify
Operating metric trajectory entering Q2
- Q1 FY27 asset-class margins were 66 bps for equity, 32 bps for debt, 12 bps for liquid, 12 bps for passive and 30 bps for arbitrage; watch the mix shift after the September correction
- Customer base of 1.73 crores (17.3 million, up 15.1% YoY), with the company adding seven out of every ten new industry customers in Q1
Frequently Asked Questions
Is ICICI Prudential AMC's net-flow market share higher than its AUM market share?
CEO Nimesh Shah said in Q4 FY26 that the company's net-flow market share in equity schemes exceeded its AUM market share. Management's stated endeavour is for net-sales-flow share to exceed AUM market share on an ongoing basis.
What is the status of ICICI Prudential AMC's acquisition of ICICI Securities' PMS business?
The board approved the slump-sale acquisition on August 10, 2026, with a stated AUM base of Rs. 29.10 billion as of March 31, 2026 and cash consideration set at 1.20% of actual AUM transferred. Completion is expected within a year, subject to SEBI and other approvals.
How is the Choti SIP initiative performing for ICICI Prudential AMC?
Management said in Q1 FY27 that Choti SIP is at an early stage, particularly for daily SIPs, and that the company is continuing to invest in the initiative. It noted that 12–15 months is the typical period for evaluating SIPs.
Is ICICI Prudential AMC's revenue growing?
Q1 FY27 operating revenue was Rs. 1,564 crores, up 17.6% YoY, alongside mutual fund quarterly average AUM of Rs. 11.17 lakh crores, up 18.3% YoY with a 13.4% market share. Management attributed the performance to resilient net sales and positive mark-to-market impacts.