AMC Stocks Rise on Strong Q3 Results Amid Regulatory Changes

Shares of Asset Management Companies (AMCs) rose following strong Q3 FY26 results, with ICICI Prudential AMC, Canara Robeco AMC, and HDFC AMC leading gains. HDFC AMC reported a 15% increase in operating revenue and 20% rise in profit after tax, supported by robust SIP flows and new fund launches. Management noted that recent regulatory changes on total expense ratio (TER) reductions impact larger schemes more, while smaller schemes may see neutral or positive effects. Analysts expect some revenue pressure but remain optimistic about long-term growth.