Indian asset managers climb on proposal to advise pooled funds

Aditya Birla Sun Life Amc

08/07/2025 06:45

** Indian asset management companies climb after country's markets regulator proposes allowing them to provide investment management to pooled funds such as family offices or offshore funds with a few investors

** Gains led by HDFC Asset Management Co's HDFA.NS 2.5% climb, followed by UTI Asset Management's UTIA.NS 2.4% rise

** Nippon Asset Life NIPF.NS and Aditya Birla Sun Life ADIE.NS trading 0.2% higher each

** Gains also after Antique Stock Broking's initiation on these asset managers with "buy", citing a scope of over 15% annual growth for India's mutual fund industry

** Avg rating on all four AMCs at "buy" - data compiled by LSEG

** YTD, HDFA outperforms among pack with ~22% climb, followed by NIPF's 7.4% rise; ADIE and UTIA down 2.8% and 0.5%, respectively

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))