Mutual Funds

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Shares of ICICI Prudential Asset Management Company fell 3.4% following the release of its March quarter earnings. The results showed steady performance with strong revenue growth and improved operating metrics, though quarterly profit moderated sequentially. Annual earnings stayed robust amid expanding assets under management and a growing investor base.

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Equity mutual fund inflows in India surged 56% to Rs 40,450 crore in March from Rs 25,977 crore in February, according to AMFI data. Flexi-cap funds led with a record Rs 10,054 crore, while nine categories overall saw positive inflows. Small-cap and mid-cap funds also posted strong gains amid market corrections.

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