AMC stocks rise up to 5% on record MF inflows; HDFC AMC, Nippon top picks

Buying interest in AMC stocks was bolstered after data from the Association of Mutual Funds in India (Amfi) showed that equity mutual fund inflows jumped 56 per cent M-o-M to ₹40,450 crore in March.

AMC stocks rally up to 5% as equity mutual fund inflows zoom 56%

Abhinav Ranjan New Delhi

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AMC stocks: Shares of asset management companies (AMCs) were in high demand today, rising up to 5 per cent in intra-day trade on healthy net inflows into equity mutual funds.

Among individual stocks, Canara Robeco Asset Management Company shares were the top gainers, up 4.2 per cent at ₹265 around 12:30 PM on BSE. HDFC AMC shares soared 4 per cent to ₹2,611, followed by Nippon Life India Asset Management (up 3.9 per cent at ₹945), Aditya Birla Sun Life AMC (up 3.6 per cent at ₹1,003), and UTI Asset Management Company (up 2.8 per cent at ₹969). Shriram Asset Management Company and ICICI Prudential Asset Management Company shares were, however, largely flat at ₹314 with positive bias and at ₹3,241 with negative bias, respectively. In comparison, the BSE Sensex index was more than 700 points, or 0.9 per cent, at 77,370. Buying interest in AMC stocks was bolstered after data from the Association of Mutual Funds in India (Amfi) showed that equity mutual fund inflows jumped 56 per cent M-o-M to ₹40,450 crore in March. Inflows in February stood at ₹25,977 crore. On an annual basis, inflows surged 61 per cent from ₹25,082 crore. The inflows were largely driven by strong participation in Flexi Cap, Mid Cap and Small Cap funds, which together accounted for a significant share of the total net additions.

READ | Sun Pharma stock falls 5% in strong market: What's worrying investors? HDFC AMC, Nippon Life India top picks Gaurav Sharma, associate VP and head of research at Globe Capital, said the recent Amfi data has boosted investor sentiment and reflects investors’ confidence in equities despite volatility and foreign outflows. Domestic institutional investors (DIIs) have remained consistent buyers of domestic equities throughout the period when foreign institutional investors (FIIs) were selling.

"It is the DIIs who have held their nerve and kept buying, providing support to the markets," he said.

The analyst said that HDFC AMC, after the recent correction, which took the counter to ₹2,200 levels, looks attractive. "Within just 2-3 days, the stock has rebounded to around ₹2,600, which is a gain of more than 15 per cent in a very short span."

Other than HDFC AMC, he said that Nippon Life India Asset Management has not corrected much and has also bounced back strongly. "These are some of the hot favourite bets that investors may consider looking at. If you want to allocate capital within the asset management space, these two stocks can be part of your portfolio." SIP contributions in March 2026

As per Amfi data, monthly contributions through SIPs rose to ₹32,087 crore from ₹29,845 crore in the preceding month. While most categories recorded positive flows, Dividend Yield and ELSS funds saw marginal outflows due to some profit booking or portfolio rebalancing. Gold ETFs saw inflows of ₹2,266 crore in March, which was much lower than the ₹5,255 crore seen in February. At the end of March, the industry's assets under management stood at ₹73.73 lakh crore, down from ₹82.03 lakh crore in February.

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First Published: Apr 10 2026 | 1:10 PM IST