Against this backdrop, one AMC has shown remarkable resilience. ICICI Prudential Asset Management Co. is the only AMC in the top three listed ones in the industry by market capitalization, that has shown growth in equity QAAUM of 2% in Q4FY26, per Kotak Institutional Equities. HDFC Asset Management Co. and Nippon Life India Asset Management, placed second and third on market capitalization, respectively, have had flat equity QAAUM.
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