AMC valuations reflect structural growth, not short-term IPO sentiment: ICICI Prudential AMC CEO Nimesh Shah

Muted retail interest in the ICICI Prudential AMC IPO does not reflect weak fundamentals, says CEO Nimesh Shah. He argues AMC valuations are justified by capital-light business models, strong operating profit growth and resilient SIP inflows. Active funds remain resilient despite rising passive products, while multi-style investing helps manage scale without hurting performance.