3 Securities Depository Operator, Leading Fund House and Heritage Asset Management Company Stocks With a Strong Future Roadmap: Central Depository Services (India), Nippon Life India AMC and UTI Asset Management Company
- October 26, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Central Depository Services (India), Nippon Life India AMC and UTI Asset Management Company: ROE of 10.7% to 32.8% and FY22 to FY26 revenue CAGR of 6.6% to 19.6%. Prices as of 23 Oct 2026.
Quick Answer
The three depository, asset management and fund stocks to watch are Central Depository Services (India), Nippon Life India AMC and UTI Asset Management Company. Their return on equity ranges from 10.7% to 32.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.6% to 19.6%. Nippon Life India AMC has the highest return on equity at 32.8%, while Central Depository Services (India) has the fastest revenue growth at 19.6% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.
Depository, asset management and fund stocks let investors follow companies that serve a growing part of the Indian economy. Central Depository Services (India), Nippon Life India AMC and UTI Asset Management Company cover a securities depository operator, a leading fund house and a heritage asset management company.
This list covers three depository, asset management and fund stocks with complete current figures: Central Depository Services (India), Nippon Life India AMC and UTI Asset Management Company. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.
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What Are Depository, Asset Management and Fund Stocks?
Depository, asset management and fund stocks are listed financial market companies that hold investors’ securities, manage mutual funds and earn fees on assets. Their earnings depend on investor accounts, assets under management and market activity.
Depository, Asset Management and Fund Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Central Depository Services (India) | 1,188.5 | 26,543 | 56.4 | 41.8 | 23.3 | 0.00 |
| Nippon Life India AMC | 922.6 | 62,084 | 37.9 | 16.9 | 32.8 | 0.02 |
| UTI Asset Management Company | 817.05 | 10,933 | 21.3 | 16.9 | 10.7 | 0.03 |
On valuation, all three trade at a P/E above their industry P/E, which reflects the growth the market already expects from them. Readers comparing depository, asset management and fund stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Depository, Asset Management and Fund Stocks Have a Strong Roadmap in India?
Depository, asset management and fund stocks have a strong roadmap in India because more households are investing in markets and mutual funds, which lifts accounts, assets and fee income.
- New investors. More households open demat and fund accounts.
- Systematic plans. Monthly investments add steady inflows.
- Fee income. Assets under management drive recurring revenue.
Why Central Depository Services (India) Features Among These Depository, Asset Management and Fund Stocks
Among the depository, asset management and fund stocks on this list, Central Depository Services (India), known as CDSL, is one of the two depositories in India and holds demat accounts for investors, with revenue from transaction charges, issuer fees and account fees.
The company has a return on equity of 23.3%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 26,543 crore. The stock trades at a P/E of 56.4, above the industry P/E of 41.8.
Revenue rose from Rs 606 crore in FY22 to Rs 1,238 crore in FY26, a compound annual growth rate of 19.6%. Net profit grew from Rs 312 crore in FY22 to Rs 455 crore in FY26, which works out to a compound annual growth rate of 9.9%. In the June 2026 quarter, revenue grew 15.4% year on year to Rs 340 crore, while net profit rose 14.9% to Rs 118 crore.
Roadmap: The rise in demat accounts and market participation lifts transaction and issuer income, and the company has added services such as KYC and e-voting. Its revenue is spread across several streams, and it carries no debt.
What to watch: Track growth in demat accounts and market activity, which influence transaction revenue.
Why Nippon Life India AMC Features Among These Depository, Asset Management and Fund Stocks
Among the investor account and fund house shares on this list, Nippon Life India Asset Management is one of India’s largest asset managers, offering mutual funds, exchange traded funds, portfolio management and alternative investment products to individuals and institutions.
Revenue rose from Rs 1,536 crore in FY22 to Rs 2,933 crore in FY26, a compound annual growth rate of 17.6%. Net profit grew from Rs 743 crore in FY22 to Rs 1,528 crore in FY26, which works out to a compound annual growth rate of 19.7%.
The company has a return on equity of 32.8%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 62,084 crore. The stock trades at a P/E of 37.9, above the industry P/E of 16.9.
Roadmap: The company is growing assets under management through a strong ETF franchise and a wide distribution network, while a rising number of investors enter mutual funds through systematic plans.
What to watch: Track assets under management, systematic investment flows and the ETF business.
Why UTI Asset Management Company Features Among These Depository, Asset Management and Fund Stocks
Among the three companies on this list, UTI Asset Management Company manages mutual funds, portfolio management services and retirement schemes, with a large investor base and a long track record in the industry.
In the June 2026 quarter, revenue grew 6.7% year on year to Rs 585 crore, while net profit rose 15.8% to Rs 294 crore. Revenue rose from Rs 1,327 crore in FY22 to Rs 1,714 crore in FY26, a compound annual growth rate of 6.6%.
Net profit for FY26 was Rs 472 crore, a net margin of 27.6%. The company has a return on equity of 10.7%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 10,933 crore. The stock trades at a P/E of 21.3, above the industry P/E of 16.9.
Roadmap: The company benefits from rising household savings flowing into mutual funds and systematic investment plans. Its reach through a large distribution network supports asset growth.
What to watch: Follow assets under management, systematic investment plan flows and the mix of equity funds.
Central Depository Services (India) vs Nippon Life India AMC vs UTI Asset Management Company on Key Financials
The table below sets the three depository, asset management and fund stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Central Depository Services (India) | 606 | 1,238 | 19.6% | 455 | 36.7% |
| Nippon Life India AMC | 1,536 | 2,933 | 17.6% | 1,528 | 52.1% |
| UTI Asset Management Company | 1,327 | 1,714 | 6.6% | 472 | 27.6% |
Nippon Life India AMC posts the highest return on equity in this group at 32.8%. Nippon Life India AMC has the largest FY26 revenue at Rs 2,933 crore, and Central Depository Services (India) shows the fastest revenue growth with a 19.6% compound annual rate. A useful habit with depository, asset management and fund stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Depository, Asset Management and Fund Stocks
Every theme carries risks that deserve a check before any decision. For these depository, asset management and fund stocks, the main points are: Long-term investor account and fund house shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Market activity. Fee income moves with market conditions.
- Regulation. New rules can change fee structures.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter depository, asset management and fund stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Depository, Asset Management and Fund Stocks
Depository, asset management and fund stocks reward investors who follow demand trends, order books and margins together. Central Depository Services (India), Nippon Life India AMC and UTI Asset Management Company each ride the growth of household investing. Based on the 23 October 2026 close, Central Depository Services (India) trades at Rs 1,188.5, Nippon Life India AMC at Rs 922.6 and UTI Asset Management Company at Rs 817.05. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these depository, asset management and fund stocks to a watchlist.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are depository, asset management and fund stocks?
Ans. Depository, asset management and fund stocks are listed financial market companies that hold investors’ securities, manage mutual funds and earn fees on assets. Their earnings depend on investor accounts, assets under management and market activity. This list looks at three of them, Central Depository Services (India), Nippon Life India AMC and UTI Asset Management Company, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.
Which depository, asset management and fund stocks are covered in this list?
Ans. This list covers Central Depository Services (India), Nippon Life India AMC and UTI Asset Management Company. Based on the 23 October 2026 close, Central Depository Services (India) traded at Rs 1,188.5, Nippon Life India AMC at Rs 922.6 and UTI Asset Management Company at Rs 817.05. Their return on equity ranges from 10.7% to 32.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.6% to 19.6%.
Why do depository, asset management and fund stocks have a strong future roadmap in India?
Ans. Depository, asset management and fund stocks have a strong roadmap in India because more households are investing in markets and mutual funds, which lifts accounts, assets and fee income. The main drivers are as follows. New investors. More households open demat and fund accounts. Systematic plans. Monthly investments add steady inflows. Fee income. Assets under management drive recurring revenue. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Central Depository Services (India) performed financially?
Ans. Revenue rose from Rs 606 crore in FY22 to Rs 1,238 crore in FY26, a compound annual growth rate of 19.6%. Net profit grew from Rs 312 crore in FY22 to Rs 455 crore in FY26, which works out to a compound annual growth rate of 9.9%. In the June 2026 quarter, revenue grew 15.4% year on year to Rs 340 crore, while net profit rose 14.9% to Rs 118 crore. The company has a return on equity of 23.3%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 26,543 crore. The stock trades at a P/E of 56.4, above the industry P/E of 41.8. Looking ahead, the rise in demat accounts and market participation lifts transaction and issuer income, and the company has added services such as KYC and e-voting. Its revenue is spread across several streams, and it carries no debt.
How has Nippon Life India AMC performed financially?
Ans. Revenue rose from Rs 1,536 crore in FY22 to Rs 2,933 crore in FY26, a compound annual growth rate of 17.6%. Net profit grew from Rs 743 crore in FY22 to Rs 1,528 crore in FY26, which works out to a compound annual growth rate of 19.7%. The company has a return on equity of 32.8%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 62,084 crore. The stock trades at a P/E of 37.9, above the industry P/E of 16.9. Looking ahead, the company is growing assets under management through a strong ETF franchise and a wide distribution network, while a rising number of investors enter mutual funds through systematic plans.
How has UTI Asset Management Company performed financially?
Ans. Revenue rose from Rs 1,327 crore in FY22 to Rs 1,714 crore in FY26, a compound annual growth rate of 6.6%. Net profit for FY26 was Rs 472 crore, a net margin of 27.6%. In the June 2026 quarter, revenue grew 6.7% year on year to Rs 585 crore, while net profit rose 15.8% to Rs 294 crore. The company has a return on equity of 10.7%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 10,933 crore. The stock trades at a P/E of 21.3, above the industry P/E of 16.9. Looking ahead, the company benefits from rising household savings flowing into mutual funds and systematic investment plans. Its reach through a large distribution network supports asset growth.
What risks should investors check before buying depository, asset management and fund stocks?
Ans. Investors should check a few risks before buying depository, asset management and fund stocks. Market activity. Fee income moves with market conditions. Regulation. New rules can change fee structures. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of depository, asset management and fund stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 23 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
