Investors may consider AMC stocks with up to 39% upside as steady SIP inflows offset a 25.1% MoM drop in equity inflows. This trend highlights resilience in long-term investing, signaling potential earnings recovery for the sector and reinforcing sustained confidence in the industry’s growth outlook. Following are AMC stocks recommended By Nuvama:
1. HDFC AMC
HDFC Asset Management Company is one of India’s leading mutual fund houses, managing a wide range of equity, debt, and hybrid funds. Known for its strong performance and extensive distribution network, it serves millions of investors with a focus on wealth creation. With a market capitalisation of Rs. 1,23,891 crores, it fell to Rs. 5,791, hitting a low of up to 0.14 percent from its previous closing price of Rs. 5,799.
Nuvama has reiterated its ‘Buy’ call on HDFC AMC while revising the target price upward to Rs 6,530 per share, indicating a potential upside of 12%. The recommendation is backed by steady equity market inflows and the company’s healthy 12.8% share of industry AUM.
The brokerage firm noted that the company’s financial performance is expected to benefit from a rising SIP market share, which increased by 61 bps QoQ, steady inflows, and a stable market outlook. Consequently, they revised their FY27 price-to-earnings estimate upward to 41.6x.
2. Nippon life India AMC
Nippon Life India Asset Management, a joint venture with Nippon Life Insurance, offers diverse mutual fund products catering to retail and institutional investors. It emphasizes innovation and customer-centric solutions, managing significant assets under its trusted brand. With a market capitalisation of Rs. 52,729 crores, it rose to Rs. 843.20, hitting a high of up to 3.05 percent from its previous closing price of Rs. 818.20.
Nuvama has also highlighted Nippon Life India AMC as a key pick, maintaining its ‘Buy’ rating while raising the target price to Rs 1,010 from Rs 960 per share. The revised target implies a potential upside of 21%. Strong AUM growth of 26.6% in Q1FY26 led to a robust 20.1% YoY revenue increase, surpassing expectations.
Nuvama’s positive recommendation is backed by strong financial performance and healthy SIP-driven inflows in Q1. Additionally, favorable MTM gains resulted in an 8.6% QoQ rise in equity, further boosting sentiment.
3. KFin Tech
Leading provider of investor servicing solutions, offering technology-driven services to mutual funds, corporates, and wealth managers. It specializes in registrar and transfer agency services, ensuring seamless operations for financial institutions. With a market capitalisation of Rs. 19,039 crores, it fell to Rs. 1,103, hitting a low of up to 0.35 percent from its previous closing price of Rs. 1,106.90.
KFin Technologies is among Nuvama’s top IPO-related picks, with a ‘Buy’ rating and a revised target price of Rs 1,540 per share, indicating an upside potential of 39%. The company reported 15.4% YoY revenue growth in Q1FY26, supported by steady performance in the mutual fund segment, while its stable 33% market share further strengthens the positive outlook.
KFin Tech reported a 13.9% YoY growth in consolidated profit for Q1FY26. The brokerage has assigned a target price of Rs. 1,540, factoring in the benefits from the Ascent acquisition, a healthy deal pipeline, and potential EBITDA margin expansion.
Written By Fazal Ul Vahab C H
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