HDFC AMC Share Price: 23.8% CAGR in 3 Years Next to Nippon India AMC, ABSL AMC and UTI AMC
- November 10, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
HDFC AMC Share Price: 23.8% CAGR in 3 Years Next to Nippon India AMC, ABSL AMC and UTI AMC
HDFC AMC previous close Rs 2,619.60. 3-year CAGR 23.8%. Up 1.9x since 9 Nov 2023. ROE 34.56%. Market cap Rs 1,12,851 crore.
Quick Answer
The HDFC AMC share price closed at Rs 2,619.60 on 9 November 2026, a compounded annual return of 23.8% over three years. That compares with Nippon Life India Asset Management at 38.9%, Aditya Birla Sun Life AMC at 24.8% and UTI Asset Management at 2.3%. The company has a market cap of Rs 1,12,851 crore and a P/E of 37.90 against an industry P/E of 17.80.
The HDFC AMC share price offers a clear look at how India’s largest listed fund house has rewarded investors. HDFC Asset Management, the company behind HDFC Mutual Fund that listed in 2018, has compounded steadily over three years while staying far larger than any other listed fund house.
We compare that record with Nippon Life India Asset Management, Aditya Birla Sun Life AMC and UTI Asset Management. The article calculates three-year CAGR for all four and sets the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.
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How Much Has the HDFC AMC Share Price Returned in 3 Years?
The HDFC AMC stock closed at Rs 1,381.25 on 9 November 2023 and at Rs 2,619.60 on 9 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.90 lakh, which is a CAGR of 23.8%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as HDFC AMC can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The HDFC AMC share price has also followed the growth of mutual fund investing in India, where monthly SIP contributions and rising participation from smaller cities have lifted assets under management across the industry.
HDFC AMC vs Nippon Life India Asset Management, Aditya Birla Sun Life AMC and UTI Asset Management: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 9 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 9 November 2026.
| Company | Close on 9 Nov 2023 | Previous close (9 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| Nippon Life India Asset Management | Rs 400.35 | Rs 1,073.50 | 2.7x | 38.9% |
| Aditya Birla Sun Life AMC | Rs 455.85 | Rs 885.70 | 1.9x | 24.8% |
| HDFC Asset Management | Rs 1,381.25 | Rs 2,619.60 | 1.9x | 23.8% |
| UTI Asset Management | Rs 779.55 | Rs 835.30 | 1.1x | 2.3% |
The HDFC AMC stock ranks third of the four at 23.8%. It sits ahead of UTI Asset Management (2.3%). The companies ahead are Nippon Life India Asset Management (38.9%) and Aditya Birla Sun Life AMC (24.8%). Nippon India AMC leads the group, followed by ABSL AMC and HDFC AMC, with UTI AMC compounding more modestly. HDFC AMC is the largest of the four by market cap, so its return came on the biggest base.
Look at the HDFC AMC share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | Industry P/E | ROE | Debt to equity |
|---|---|---|---|---|---|
| HDFC Asset Management | Rs 1,12,851 crore | 37.90 | 17.80 | 34.56% | 0.00 |
| Nippon Life India Asset Management | Rs 68,677 crore | 42.48 | 17.80 | 33.89% | 0.02 |
| Aditya Birla Sun Life AMC | Rs 25,634 crore | 25.97 | 17.80 | 25.43% | 0.02 |
| UTI Asset Management | Rs 10,741 crore | 20.96 | 17.80 | 12.76% | 0.03 |
By market cap, HDFC Asset Management is the largest of the group at Rs 1,12,851 crore, which gives it the scale advantage over Nippon Life India Asset Management, Aditya Birla Sun Life AMC, UTI Asset Management. On earnings, HDFC AMC shares trade at a P/E of 37.90 against an industry P/E of 17.80, a premium of about 113%, which signals that the market expects faster earnings growth. Peer multiples are Nippon Life India Asset Management at 42.48, Aditya Birla Sun Life AMC at 25.97 and UTI Asset Management at 20.96.
Return on equity is 34.56% for the HDFC AMC stock, which ranks first among the four, and debt to equity stands at 0.00. Trailing EPS is Rs 69.40. Asset managers have asset light, debt free balance sheets, so return on equity and the P/E are the most useful lenses. For the HDFC AMC share price, a premium to peers has usually reflected its scale and its high ROE.
What Is Driving the HDFC AMC Stock?
HDFC Asset Management manages equity, debt and hybrid mutual fund schemes and also runs portfolio management and alternative investment products. It is one of the largest fund houses in India by assets and by market cap.
Fund houses earn fees as a share of assets, so revenue tends to rise with market levels and fresh inflows. Because costs do not grow as fast as assets, a larger asset base can lift profit margins.
Followers of the HDFC AMC share price usually track monthly SIP flows, market share in equity assets, investment performance of its schemes and the fee structure that applies to them.
How the Established Players Stack Up
Nippon Life India Asset Management runs a large mutual fund business with a sizeable exchange traded fund franchise. It compounded at 38.9% a year, on a market cap of Rs 68,677 crore and an ROE of 33.89%.
Aditya Birla Sun Life AMC is a joint venture between Aditya Birla Capital and Sun Life, and it manages a broad mutual fund and portfolio business. It compounded at 24.8% a year, on a market cap of Rs 25,634 crore and an ROE of 25.43%.
UTI Asset Management manages UTI Mutual Fund, one of the oldest fund houses in the country, and also handles pension fund and international mandates. It compounded at 2.3% a year, on a market cap of Rs 10,741 crore and an ROE of 12.76%.
What Should Investors Track Next?
Three things are worth watching on the HDFC AMC share price. First, net inflows through SIPs and its share of equity assets. Second, the performance of its flagship schemes. Third, any change in the regulatory framework for fees and expense ratios.
At a P/E of 38, the market already expects solid growth. Fund house earnings rise and fall with market levels, so size any position with that in mind.
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How to Compare Asset Management Stocks Yourself
You can repeat this exercise for any pair of stocks, including the HDFC AMC stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the HDFC AMC share price, the same four checks give a more complete picture than price alone.
Download the Univest iOS App or Univest Android App to track the HDFC AMC share price and compare AMC stocks live.
A Large Fund House With a High Return on Equity
The HDFC AMC share price compounded at 23.8% a year over three years, ahead of UTI AMC at 2.3% and just behind ABSL AMC at 24.8%, while Nippon India AMC led at 38.9%. Its ROE of 34.56% is the highest of the four, with no debt.
Nippon brings faster recent growth, ABSL AMC offers a lower multiple, and UTI AMC trades at the lowest P/E. The right fit depends on how much you value scale against growth and valuation.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the HDFC AMC share price today?
Ans. HDFC Asset Management closed at Rs 2,619.60 on 9 November 2026, according to NSE data. It has a market cap of Rs 1,12,851 crore and a P/E of 37.90. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the HDFC AMC stock?
Ans. HDFC Asset Management delivered a price CAGR of 23.8% over three years, moving from Rs 1,381.25 on 9 November 2023 to Rs 2,619.60 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is HDFC AMC better than Nippon India AMC?
Ans. The Nippon India AMC stock delivered a higher three-year CAGR at 38.9% than HDFC AMC at 23.8%. HDFC AMC is larger by market cap at Rs 1,12,851 crore and has a slightly higher ROE at 34.56% against 33.89%. HDFC AMC trades at a lower P/E of 37.90 than Nippon at 42.48.
What does HDFC Asset Management do?
Ans. HDFC Asset Management is a Mumbai-based fund house that manages HDFC Mutual Fund schemes, along with portfolio management and alternative investment products.
Is the HDFC AMC stock debt free?
Ans. The debt to equity ratio of the HDFC AMC stock is 0.00 and its return on equity is 34.56%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
Is HDFC AMC expensive compared with the industry?
Ans. HDFC AMC trades at a P/E of 37.90 against an industry P/E of 17.80. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which asset management stock gave the highest return in 3 years?
Ans. Among the companies compared here, Nippon Life India Asset Management delivered the highest three-year CAGR at 38.9%, followed by Aditya Birla Sun Life AMC at 24.8%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.
