ICICI Prudential AMC Acquires PMS Business for HNI Growth
By Business Desk
ICICI Prudential AMC board approves acquisition of ICICI Securities’ PMS business, enhancing HNI offerings with diverse investment strategies and expanding AUM.
ICICI Prudential Asset Management Co (AMC) has secured board approval to acquire the portfolio management services (PMS) business from ICICI Securities (ISecs) via a slump sale. This strategic move aims to broaden ICICI Prudential AMC’s offerings for high-net-worth individuals (HNIs).
Key Financials from the PMS Business
- Assets Under Management as of March 31, 2026: ₹2,910 crore
- Revenue in 2026: ₹20.88 crore
- Revenue in FY 2025: ₹25.3 crore
- Cash Consideration: 1.2% of actual AUM transferred
This acquisition is poised to enhance ICICI Prudential AMC’s existing PMS platform, which targets HNIs with professional and customized investment solutions. The acquired business brings a diverse suite of investment strategies.
Diversifying Investment Strategies
- Discretionary mandates
- Non-discretionary mandates
- Advisory mandates
These strategies encompass various approaches, including direct equity, smart beta, and multi-asset solutions, catering to sophisticated investor needs.
The transaction remains contingent on securing necessary regulatory approvals. While the deal is anticipated to finalize within one year, it represents a clear strategic intent to consolidate and expand market share in the HNI segment.
The revenue figures from the acquired PMS business show a decline from ₹25.3 crore in FY 2025 to ₹20.88 crore in 2026. This trend suggests a focus on scale and integration for future growth within the broader AMC framework.