New Delhi, April 14 -- ICICI Prudential Asset Management Co's March-quarter results (Q4FY26) demonstrated that it continues to outpace industry growth, even as the broader mutual fund sector enters a more challenging period.

The AMC's quarterly average assets under management (QAAUM) growth of about 25% year-on-year to Rs.11.8 trillion, ahead of the mutual fund industry's 21% growth to Rs.81.6 trillion, reinforced the AMC's market leadership in active funds. The stock has gained 20% this month.

Operating revenue grew 20% year-on-year to Rs.1,517 crore in the quarter. However, net profit grew at a slower pace of 10% to Rs.763 crore, hurt by mark-to-market (M2M) losses. In fact, profit was down 17% sequentially, even as core operating pro...