{"id":305249,"date":"2026-10-13T12:40:53","date_gmt":"2026-10-13T07:10:53","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=305249"},"modified":"2026-10-13T12:40:53","modified_gmt":"2026-10-13T07:10:53","slug":"icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/","title":{"rendered":"ICICI AMC Delivers on Growth, but Market Volatility Curtails Profit: ICICI Prudential AMC Q2 FY27 Results, Rs 30 Interim Dividend, AUM and Target Price Explained"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>ICICI Prudential AMC Q2 FY27 (results on 12 Oct 2026): net profit Rs 888.96 crore (+6.1% YoY, -7.8% QoQ), revenue from operations Rs 1,673.79 crore (+16.3% YoY), quarterly average AUM Rs 11.61 lakh crore (+14.4% YoY), interim dividend Rs 30 per share, record date 21 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">ICICI Prudential AMC reported a Q2 FY27 net profit of Rs 888.96 crore, up 6.1% from Rs 837.99 crore a year earlier but down 7.8% from Rs 964.63 crore in Q1, while revenue from operations grew 16.3% to Rs 1,673.79 crore. The gap between strong revenue and soft profit comes from other income, which fell to Rs 16.91 crore from Rs 180.80 crore in Q1 because of mark-to-market losses on the company&#8217;s own investments. The board declared an interim dividend of Rs 30 per share with a record date of 21 October 2026, and the share closed 2.01% lower at Rs 2,969.40 on 12 October. Jefferies and Emkay both rate the stock Buy, with target prices of Rs 3,760 and Rs 3,800.<\/p>\n<\/p><\/div>\n<p>ICICI Prudential AMC is the asset management company behind ICICI Prudential Mutual Fund, and its Q2 FY27 numbers show a business that is growing fast at the operating level while its reported profit is held back by market volatility. The headline on the results says the same thing: the company delivered on growth, but swings in the market curtailed profit.<\/p>\n<p>This guide breaks down the ICICI Prudential AMC results line by line, explains why profit fell from the June quarter, covers the AUM, margin and fee yield data, the Rs 30 interim dividend, redemption trends and what brokerages expect next. Where sources disagree or I have calculated a number myself, I say so.<\/p>\n<p>Anyone tracking the stock should read the quarter in two parts: the core fee business, which grew well, and the treasury income on the company&#8217;s own book, which moves with the market and was weak this quarter.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#ICICI_Prudential_AMC_Q2_FY27_Results_Key_Numbers\" title=\"ICICI Prudential AMC Q2 FY27 Results: Key Numbers\">ICICI Prudential AMC Q2 FY27 Results: Key Numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#Why_ICICI_Prudential_AMC_Profit_Fell_From_the_June_Quarter\" title=\"Why ICICI Prudential AMC Profit Fell From the June Quarter\">Why ICICI Prudential AMC Profit Fell From the June Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#ICICI_Prudential_AMC_AUM_Fee_Yield_and_Flows\" title=\"ICICI Prudential AMC AUM, Fee Yield and Flows\">ICICI Prudential AMC AUM, Fee Yield and Flows<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#ICICI_Prudential_AMC_Rs_30_Interim_Dividend_Record_Date_and_Yield\" title=\"ICICI Prudential AMC Rs 30 Interim Dividend: Record Date and Yield\">ICICI Prudential AMC Rs 30 Interim Dividend: Record Date and Yield<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#ICICI_Prudential_AMC_Share_Price_and_Brokerage_Target_Price\" title=\"ICICI Prudential AMC Share Price and Brokerage Target Price\">ICICI Prudential AMC Share Price and Brokerage Target Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#What_to_Watch_Next_for_ICICI_Prudential_AMC\" title=\"What to Watch Next for ICICI Prudential AMC\">What to Watch Next for ICICI Prudential AMC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#What_were_the_ICICI_Prudential_AMC_Q2_FY27_results\" title=\"What were the ICICI Prudential AMC Q2 FY27 results?\">What were the ICICI Prudential AMC Q2 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#Why_did_ICICI_Prudential_AMC_profit_fall_from_the_June_quarter\" title=\"Why did ICICI Prudential AMC profit fall from the June quarter?\">Why did ICICI Prudential AMC profit fall from the June quarter?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#What_is_the_ICICI_Prudential_AMC_interim_dividend\" title=\"What is the ICICI Prudential AMC interim dividend?\">What is the ICICI Prudential AMC interim dividend?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#What_is_the_AUM_of_ICICI_Prudential_AMC\" title=\"What is the AUM of ICICI Prudential AMC?\">What is the AUM of ICICI Prudential AMC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#What_is_the_ICICI_Prudential_AMC_target_price\" title=\"What is the ICICI Prudential AMC target price?\">What is the ICICI Prudential AMC target price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#What_was_the_ICICI_Prudential_AMC_share_price_on_results_day\" title=\"What was the ICICI Prudential AMC share price on results day?\">What was the ICICI Prudential AMC share price on results day?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#What_are_the_main_risks_for_ICICI_Prudential_AMC\" title=\"What are the main risks for ICICI Prudential AMC?\">What are the main risks for ICICI Prudential AMC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici-prudential-amc-q2-fy27-results-interim-dividend-rs-30-aum-target-price\/#Should_I_buy_ICICI_Prudential_AMC_shares_after_the_results\" title=\"Should I buy ICICI Prudential AMC shares after the results?\">Should I buy ICICI Prudential AMC shares after the results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"ICICI_Prudential_AMC_Q2_FY27_Results_Key_Numbers\"><\/span><strong>ICICI Prudential AMC Q2 FY27 Results: Key Numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY26<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q1 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from operations (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,673.79<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,439.06<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,564.22<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">+16.3% YoY, +7% QoQ<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Other income (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">16.91<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not found<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">180.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sharply lower QoQ<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total expenses (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">493<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">418.31<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">464.37<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">+17.9% YoY, +6.2% QoQ<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Operating profit before tax (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,180.79<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,020.75<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not found<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">+15.7% YoY<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit before tax (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,197.70<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not found<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not found<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">+9.6% YoY<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">888.96<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">837.99<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">964.63<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">+6.1% YoY, -7.8% QoQ<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EPS (Rs)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">17.99<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">16.95<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">19.52<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">+6.1% YoY<\/td>\n<\/tr>\n<\/table>\n<p>Operating profit before tax is revenue less expenses: Rs 1,673.79 crore minus Rs 493 crore gives Rs 1,180.79 crore. Adding other income of Rs 16.91 crore gives the profit before tax of Rs 1,197.70 crore, and tax of Rs 308.74 crore (up 21.3%) leaves the net profit of Rs 888.96 crore. The effective tax rate works out to about 25.8% (my calculation).<\/p>\n<p>One source says the profit grew 7% year on year, but Rs 888.96 crore against Rs 837.99 crore is a rise of 6.1%, so I have used that figure.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Compare asset management stocks on the Univest Screener<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_ICICI_Prudential_AMC_Profit_Fell_From_the_June_Quarter\"><\/span><strong>Why ICICI Prudential AMC Profit Fell From the June Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The fall in profit is not an operating story. Revenue rose 7% from Q1, but other income collapsed from Rs 180.80 crore to Rs 16.91 crore. Emkay attributes this to mark-to-market losses, meaning the value of the investments the company holds on its own balance sheet dropped with the market. These are largely unrealised valuation changes, not cash that went out of the business.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Driver<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What happened<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Effect on profit<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 16.3% YoY and 7% QoQ to Rs 1,673.79 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Positive<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Other income<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 16.91 crore against Rs 180.80 crore in Q1<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Negative, the main reason for the QoQ fall<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Fees and commission<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 132.85 crore, up 30.3%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Negative, faster than revenue<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Employee costs<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 212.77 crore, up 14.3%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Negative, slower than revenue<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 308.74 crore, up 21.3%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Negative<\/td>\n<\/tr>\n<\/table>\n<p><strong>Risk:<\/strong> Treasury income on the company&#8217;s own investments is volatile. If markets stay weak, another quarter of mark-to-market losses could keep reported ICICI Prudential AMC profit below the operating trend.<\/p>\n<p>Total expenses were 29.5% of revenue from operations (my calculation), and the operating margin comes to about 70.5% on the same basis. Emkay quotes an operating margin of 72.6%, which most likely uses a different definition of revenue or costs, so compare margins only within one source.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track ICICI Prudential AMC and other mutual fund stocks.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"ICICI_Prudential_AMC_AUM_Fee_Yield_and_Flows\"><\/span><strong>ICICI Prudential AMC AUM, Fee Yield and Flows<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Quarterly average assets under management (QAAUM) were Rs 11.61 lakh crore, up 14.4% from a year earlier and 4% from the June quarter. Because ICICI Prudential AMC earns fees as a share of assets, AUM growth is the base of its revenue. Emkay puts the revenue yield at 57.5 basis points, and annualising revenue over QAAUM gives about 57.7 basis points (my calculation), so the two agree closely.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Value<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Comment<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Quarterly average AUM<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 11.61 lakh crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">+14.4% YoY, +4% QoQ<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 57.5 basis points<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Emkay; my calculation gives about 57.7<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SIP flows<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 46.72 billion in September vs Rs 48.72 billion in June<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 4,672 crore vs Rs 4,872 crore; the source does not make clear whose SIP flow this is<\/td>\n<\/tr>\n<\/table>\n<p>Management said it is hard to tell whether the recent net outflows and redemptions reflect investors rebalancing or permanent exits. Mid and small-cap funds are a large share of net flows, which means the ICICI Prudential AMC revenue mix is exposed to the same market swings that hit its own investment income.<\/p>\n<p><strong>Risk:<\/strong> Revenue grows with AUM, and AUM falls when markets fall or when investors redeem. A sharp correction in mid and small-cap funds would hit ICICI Prudential AMC twice, through lower fees and lower treasury gains.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ICICI_Prudential_AMC_Rs_30_Interim_Dividend_Record_Date_and_Yield\"><\/span><strong>ICICI Prudential AMC Rs 30 Interim Dividend: Record Date and Yield<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The board declared an interim dividend of Rs 30 per share, with 21 October 2026 as the record date. Only shareholders on the company&#8217;s books on that date are eligible. I could not find the payment date, so check the exchange filing.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Value<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Source<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Interim dividend per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 30<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Company announcement, 12 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Record date<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">21 Oct 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Company announcement<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Approximate shares in issue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 49.4 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My calculation: Rs 888.96 crore \/ Rs 17.99 EPS<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Approximate total payout<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 1,482 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My calculation: 49.4 crore shares x Rs 30<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Payout against Q2 profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 1.67 times<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My calculation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Yield at Rs 2,969.40<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 1.0%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My calculation: Rs 30 \/ Rs 2,969.40<\/td>\n<\/tr>\n<\/table>\n<p>The interim dividend is larger than one quarter&#8217;s profit, which is possible because the company can pay from accumulated reserves. It is a one-time interim declaration, so do not treat the 1.0% yield as a recurring annual yield for ICICI Prudential AMC.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ICICI_Prudential_AMC_Share_Price_and_Brokerage_Target_Price\"><\/span><strong>ICICI Prudential AMC Share Price and Brokerage Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The ICICI Prudential AMC share closed 2.01% lower at Rs 2,969.40 on 12 October, the day the results were declared. I could not find a reliable price for 13 October, so check the live quote before acting.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Brokerage<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Rating<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Target price (Rs)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Upside from Rs 2,969.40<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Basis<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jefferies<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3,760 (up from 3,600)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 26.6%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">43 times P\/OPAT on Dec 2028 estimates; FY27 to FY29 EPS estimates raised 1% to 2%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Emkay<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3,800<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 28.0%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">PAT beat of 4%; revenue yield driven<\/td>\n<\/tr>\n<\/table>\n<p>Upside is my calculation from the 12 October close. Jefferies called the quarter a revenue-yield-driven beat. A target price is an analyst&#8217;s estimate, not a promise, and it changes when earnings estimates change.<\/p>\n<p><strong>Risk:<\/strong> Both targets assume that AUM keeps growing and that fee yields hold. A fall in equity markets, a fee cap from the regulator or a steady rise in redemptions would weaken that case for ICICI Prudential AMC.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_ICICI_Prudential_AMC\"><\/span><strong>What to Watch Next for ICICI Prudential AMC<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The record date of 21 October 2026 and the dividend payment date in the exchange filing.<\/li>\n<li>Monthly industry data on SIP flows, net equity inflows and redemptions.<\/li>\n<li>Whether other income recovers in Q3 FY27 as markets settle, or mark-to-market losses repeat.<\/li>\n<li>Revenue yield, which Emkay places at 57.5 basis points, for any sign of pressure.<\/li>\n<li>Revisions to brokerage target price and EPS estimates after the results.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>ICICI Prudential AMC delivered 16.3% revenue growth and 14.4% AUM growth in Q2 FY27, yet net profit rose only 6.1% year on year and fell 7.8% from Q1, because other income dropped to Rs 16.91 crore on mark-to-market losses. The Rs 30 interim dividend, Buy ratings from Jefferies and Emkay and a target price near Rs 3,800 support the long-term case, while redemptions and market swings remain the risk to watch. Read the exchange filing and the investor presentation for ICICI Prudential AMC before you decide.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_ICICI_Prudential_AMC_Q2_FY27_results\"><\/span><strong>What were the ICICI Prudential AMC Q2 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ICICI Prudential AMC reported a net profit of Rs 888.96 crore, up 6.1% year on year and down 7.8% from Q1, on revenue from operations of Rs 1,673.79 crore, up 16.3%. Total expenses were Rs 493 crore, and EPS was Rs 17.99.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_ICICI_Prudential_AMC_profit_fall_from_the_June_quarter\"><\/span><strong>Why did ICICI Prudential AMC profit fall from the June quarter?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Other income dropped to Rs 16.91 crore from Rs 180.80 crore in Q1. Emkay attributes this to mark-to-market losses on the company&#8217;s own investments, while revenue from operations actually rose 7% over the quarter.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_ICICI_Prudential_AMC_interim_dividend\"><\/span><strong>What is the ICICI Prudential AMC interim dividend?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The board declared an interim dividend of Rs 30 per share with a record date of 21 October 2026. At the 12 October close of Rs 2,969.40, that is a yield of about 1.0% (my calculation). Check the exchange filing for the payment date.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_AUM_of_ICICI_Prudential_AMC\"><\/span><strong>What is the AUM of ICICI Prudential AMC?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Quarterly average AUM was Rs 11.61 lakh crore, up 14.4% from a year earlier and 4% from the June quarter. Revenue yield is about 57.5 basis points according to Emkay.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_ICICI_Prudential_AMC_target_price\"><\/span><strong>What is the ICICI Prudential AMC target price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Jefferies has a Buy with a target price of Rs 3,760, raised from Rs 3,600, and Emkay has a Buy with Rs 3,800. These imply upside of about 26.6% and 28.0% from Rs 2,969.40 (my calculation).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_the_ICICI_Prudential_AMC_share_price_on_results_day\"><\/span><strong>What was the ICICI Prudential AMC share price on results day?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The share closed 2.01% lower at Rs 2,969.40 on 12 October 2026. I could not find a reliable 13 October price, so check the live quote.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_for_ICICI_Prudential_AMC\"><\/span><strong>What are the main risks for ICICI Prudential AMC?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Market-linked treasury income, redemptions in mid and small-cap funds, rising fees and commission costs and any pressure on fee yield. Management said it is hard to tell whether redemptions are rebalancing or permanent exits.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_ICICI_Prudential_AMC_shares_after_the_results\"><\/span><strong>Should I buy ICICI Prudential AMC shares after the results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article does not constitute investment advice. Consult a SEBI-registered financial advisor before you buy, sell or hold ICICI Prudential AMC.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What were the ICICI Prudential AMC Q2 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"ICICI Prudential AMC reported a net profit of Rs 888.96 crore, up 6.1% year on year and down 7.8% from Q1, on revenue from operations of Rs 1,673.79 crore, up 16.3%. Total expenses were Rs 493 crore, and EPS was Rs 17.99.\"}},{\"@type\":\"Question\",\"name\":\"Why did ICICI Prudential AMC profit fall from the June quarter?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Other income dropped to Rs 16.91 crore from Rs 180.80 crore in Q1. Emkay attributes this to mark-to-market losses on the company's own investments, while revenue from operations actually rose 7% over the quarter.\"}},{\"@type\":\"Question\",\"name\":\"What is the ICICI Prudential AMC interim dividend?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The board declared an interim dividend of Rs 30 per share with a record date of 21 October 2026. At the 12 October close of Rs 2,969.40, that is a yield of about 1.0% (my calculation). Check the exchange filing for the payment date.\"}},{\"@type\":\"Question\",\"name\":\"What is the AUM of ICICI Prudential AMC?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Quarterly average AUM was Rs 11.61 lakh crore, up 14.4% from a year earlier and 4% from the June quarter. Revenue yield is about 57.5 basis points according to Emkay.\"}},{\"@type\":\"Question\",\"name\":\"What is the ICICI Prudential AMC target price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Jefferies has a Buy with a target price of Rs 3,760, raised from Rs 3,600, and Emkay has a Buy with Rs 3,800. These imply upside of about 26.6% and 28.0% from Rs 2,969.40 (my calculation).\"}},{\"@type\":\"Question\",\"name\":\"What was the ICICI Prudential AMC share price on results day?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The share closed 2.01% lower at Rs 2,969.40 on 12 October 2026. I could not find a reliable 13 October price, so check the live quote.\"}},{\"@type\":\"Question\",\"name\":\"What are the main risks for ICICI Prudential AMC?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Market-linked treasury income, redemptions in mid and small-cap funds, rising fees and commission costs and any pressure on fee yield. Management said it is hard to tell whether redemptions are rebalancing or permanent exits.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy ICICI Prudential AMC shares after the results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This article does not constitute investment advice. Consult a SEBI-registered financial advisor before you buy, sell or hold ICICI Prudential AMC.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ICICI Prudential AMC Q2 FY27 profit rose 6% to Rs 889 crore but fell 7.8% from Q1. See AUM, the Rs 30 interim dividend and target prices.<\/p>\n","protected":false},"author":38,"featured_media":305248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4217,11685,11684,11052,11686,11030],"class_list":["post-305249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-amc-stocks","tag-icici-amc-q2-results","tag-icici-prudential-amc","tag-interim-dividend","tag-mark-to-market","tag-q2-fy27"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["305248"],"rank_math_title":["ICICI Prudential AMC Q2: Profit Rs 889 Crore, Rs 30 Dividend"],"rank_math_description":["ICICI Prudential AMC Q2 FY27 profit rose 6% to Rs 889 crore but fell 7.8% from Q1 on mark-to-market losses. See the Rs 30 interim dividend, AUM, margins and targets."],"rank_math_focus_keyword":["ICICI Prudential AMC"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/icici-amc-delivers-on-growth-but-market-volatility-curtails-profit-icici.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/305249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=305249"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/305249\/revisions"}],"predecessor-version":[{"id":305250,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/305249\/revisions\/305250"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/305248"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=305249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=305249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=305249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}