{"id":330435,"date":"2026-10-28T12:53:37","date_gmt":"2026-10-28T07:23:37","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=330435"},"modified":"2026-10-28T12:53:37","modified_gmt":"2026-10-28T07:23:37","slug":"securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/","title":{"rendered":"3 Securities Depository Leader, Electricity Trading Exchange Operator and Mutual Fund Manager Stocks With a Strong Future Roadmap: NSDL, Indian Energy Exchange and UTI Asset Management Company"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>NSDL, Indian Energy Exchange and UTI Asset Management Company: ROE of 10.7% to 36.1% and FY22 to FY26 revenue CAGR of 6.6% to 19.2%. Prices as of 27 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three market infrastructure and fund management stocks to watch are NSDL, Indian Energy Exchange and UTI Asset Management Company. Their return on equity ranges from 10.7% to 36.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.6% to 19.2%. Indian Energy Exchange has the highest return on equity at 36.1%, while NSDL has the fastest revenue growth at 19.2% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Market infrastructure and fund management stocks let investors follow companies that serve a growing part of the Indian economy. NSDL, Indian Energy Exchange and UTI Asset Management Company cover a securities depository leader, an electricity trading exchange operator and a mutual fund manager.<\/p>\n<p>This list covers three market infrastructure and fund management stocks with complete current figures: NSDL, Indian Energy Exchange and UTI Asset Management Company. Every figure comes from the latest reported financials and the 27 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#What_Are_Market_Infrastructure_and_Fund_Management_Stocks\" title=\"What Are Market Infrastructure and Fund Management Stocks?\">What Are Market Infrastructure and Fund Management Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#Market_Infrastructure_and_Fund_Management_Stocks_at_a_Glance\" title=\"Market Infrastructure and Fund Management Stocks at a Glance\">Market Infrastructure and Fund Management Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#Why_Do_Market_Infrastructure_and_Fund_Management_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Market Infrastructure and Fund Management Stocks Have a Strong Roadmap in India?\">Why Do Market Infrastructure and Fund Management Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#Why_NSDL_Features_Among_These_Market_Infrastructure_and_Fund_Management_Stocks\" title=\"Why NSDL Features Among These Market Infrastructure and Fund Management Stocks\">Why NSDL Features Among These Market Infrastructure and Fund Management Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#Why_Indian_Energy_Exchange_Features_Among_These_Market_Infrastructure_and_Fund_Management_Stocks\" title=\"Why Indian Energy Exchange Features Among These Market Infrastructure and Fund Management Stocks\">Why Indian Energy Exchange Features Among These Market Infrastructure and Fund Management Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#Why_UTI_Asset_Management_Company_Features_Among_These_Market_Infrastructure_and_Fund_Management_Stocks\" title=\"Why UTI Asset Management Company Features Among These Market Infrastructure and Fund Management Stocks\">Why UTI Asset Management Company Features Among These Market Infrastructure and Fund Management Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#NSDL_vs_Indian_Energy_Exchange_vs_UTI_Asset_Management_Company_on_Key_Financials\" title=\"NSDL vs Indian Energy Exchange vs UTI Asset Management Company on Key Financials\">NSDL vs Indian Energy Exchange vs UTI Asset Management Company on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#Key_Risks_to_Check_Before_Investing_in_Market_Infrastructure_and_Fund_Management_Stocks\" title=\"Key Risks to Check Before Investing in Market Infrastructure and Fund Management Stocks\">Key Risks to Check Before Investing in Market Infrastructure and Fund Management Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#Final_Thoughts_on_Market_Infrastructure_and_Fund_Management_Stocks\" title=\"Final Thoughts on Market Infrastructure and Fund Management Stocks\">Final Thoughts on Market Infrastructure and Fund Management Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#What_are_market_infrastructure_and_fund_management_stocks\" title=\"What are market infrastructure and fund management stocks?\">What are market infrastructure and fund management stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#Which_market_infrastructure_and_fund_management_stocks_are_covered_in_this_list\" title=\"Which market infrastructure and fund management stocks are covered in this list?\">Which market infrastructure and fund management stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#Why_do_market_infrastructure_and_fund_management_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do market infrastructure and fund management stocks have a strong future roadmap in India?\">Why do market infrastructure and fund management stocks have a strong future roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#How_has_NSDL_performed_financially\" title=\"How has NSDL performed financially?\">How has NSDL performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#How_has_Indian_Energy_Exchange_performed_financially\" title=\"How has Indian Energy Exchange performed financially?\">How has Indian Energy Exchange performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#How_has_UTI_Asset_Management_Company_performed_financially\" title=\"How has UTI Asset Management Company performed financially?\">How has UTI Asset Management Company performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#What_risks_should_investors_check_before_buying_market_infrastructure_and_fund_management_stocks\" title=\"What risks should investors check before buying market infrastructure and fund management stocks?\">What risks should investors check before buying market infrastructure and fund management stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/securities-depository-leader-electricity-trading-exchange-operator-and-mutual-fund-manager-stocks-roadmap-solstice-list\/#Is_this_list_of_market_infrastructure_and_fund_management_stocks_investment_advice\" title=\"Is this list of market infrastructure and fund management stocks investment advice?\">Is this list of market infrastructure and fund management stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Market_Infrastructure_and_Fund_Management_Stocks\"><\/span><strong>What Are Market Infrastructure and Fund Management Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Market infrastructure and fund management stocks are listed companies that hold securities in electronic form, run India&#8217;s leading electricity trading platform and manage mutual funds. Their earnings depend on investor activity, trading volumes, assets under management and fee rules.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Infrastructure_and_Fund_Management_Stocks_at_a_Glance\"><\/span><strong>Market Infrastructure and Fund Management Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE (%)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/nsdl\/national-securities-depository-share-price-today\">NSDL<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">706.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14,924<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">38.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">41.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.0<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.01<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/iex\/indian-energy-exchange-ltd-share-price-today\">Indian Energy Exchange<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">103.49<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9,051<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">40.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">36.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.01<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/utiamc\/uti-asset-management-company-ltd-share-price-today\">UTI Asset Management Company<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">809.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10,933<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.03<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, NSDL and Indian Energy Exchange trade at a P\/E below the industry P\/E, while UTI Asset Management Company trades above it, which reflects the growth the market already expects. Readers comparing market infrastructure and fund management stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Market_Infrastructure_and_Fund_Management_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Market Infrastructure and Fund Management Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Market infrastructure and fund management stocks have a strong roadmap in India because growing demat accounts, rising electricity trading and increasing mutual fund participation keep widening the market for Indian financial and market infrastructure firms.<\/p>\n<ul>\n<li><strong>Demat growth.<\/strong> More investors open accounts every year.<\/li>\n<li><strong>Power trading.<\/strong> Electricity buyers use exchange platforms.<\/li>\n<li><strong>Fund participation.<\/strong> Monthly investment plans build assets.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_NSDL_Features_Among_These_Market_Infrastructure_and_Fund_Management_Stocks\"><\/span><strong>Why NSDL Features Among These Market Infrastructure and Fund Management Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the market infrastructure and fund management stocks on this list, National Securities Depository, known as NSDL, is India&#8217;s first and largest depository, holding securities of investors in electronic form and providing related services to market participants.<\/p>\n<p>The company has a return on equity of 16.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 14,924 crore. The stock trades at a P\/E of 38.4, below the industry P\/E of 41.8.<\/p>\n<p>Revenue rose from Rs 821 crore in FY22 to Rs 1,660 crore in FY26, a compound annual growth rate of 19.2%. Net profit grew from Rs 213 crore in FY22 to Rs 380 crore in FY26, which works out to a compound annual growth rate of 15.6%.<\/p>\n<p><strong>Roadmap:<\/strong> The company is gaining from the steady growth in demat accounts and from higher market participation. Its fee income from account maintenance and transactions grows as more investors enter the market.<\/p>\n<p><strong>What to watch:<\/strong> Track growth in demat accounts, trading volumes and new service launches.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Indian_Energy_Exchange_Features_Among_These_Market_Infrastructure_and_Fund_Management_Stocks\"><\/span><strong>Why Indian Energy Exchange Features Among These Market Infrastructure and Fund Management Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the depository, power exchange and AMC shares on this list, Indian Energy Exchange operates India&#8217;s leading electronic platform for trading electricity, renewable energy certificates and other energy products, earning a fee on every unit traded.<\/p>\n<p>Revenue rose from Rs 484 crore in FY22 to Rs 747 crore in FY26, a compound annual growth rate of 11.4%. Net profit grew from Rs 309 crore in FY22 to Rs 493 crore in FY26, which works out to a compound annual growth rate of 12.4%.<\/p>\n<p>In the June 2026 quarter, revenue grew 10.1% year on year to Rs 203 crore, while net profit rose 11.6% to Rs 135 crore. The company has a return on equity of 36.1%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 9,051 crore. The stock trades at a P\/E of 17.8, below the industry P\/E of 40.1.<\/p>\n<p><strong>Roadmap:<\/strong> Growing power demand, wider participation of renewable producers and new market segments such as green and ancillary products support traded volumes. The platform model needs little capital and keeps the balance sheet clean.<\/p>\n<p><strong>What to watch:<\/strong> Track traded volumes, new product launches, market share and regulatory moves on market coupling.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_UTI_Asset_Management_Company_Features_Among_These_Market_Infrastructure_and_Fund_Management_Stocks\"><\/span><strong>Why UTI Asset Management Company Features Among These Market Infrastructure and Fund Management Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<p>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%.<\/p>\n<p>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.<\/p>\n<p><strong>Roadmap:<\/strong> 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.<\/p>\n<p><strong>What to watch:<\/strong> Follow assets under management, systematic investment plan flows and the mix of equity funds.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"NSDL_vs_Indian_Energy_Exchange_vs_UTI_Asset_Management_Company_on_Key_Financials\"><\/span><strong>NSDL vs Indian Energy Exchange vs UTI Asset Management Company on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three market infrastructure and fund management stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">NSDL<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">821<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,660<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">380<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Indian Energy Exchange<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">484<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">747<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">493<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">66.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">UTI Asset Management Company<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,327<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,714<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">472<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">27.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Indian Energy Exchange posts the highest return on equity in this group at 36.1%. UTI Asset Management Company has the largest FY26 revenue at Rs 1,714 crore, and NSDL shows the fastest revenue growth with a 19.2% compound annual rate. A useful habit with market infrastructure and fund management stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Market_Infrastructure_and_Fund_Management_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Market Infrastructure and Fund Management Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these market infrastructure and fund management stocks, the main points are: Long-term depository, power exchange and AMC shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.<\/p>\n<ul>\n<li><strong>Market activity.<\/strong> Fee income follows trading and investor activity.<\/li>\n<li><strong>Regulatory changes.<\/strong> Fee and market rules can alter revenue.<\/li>\n<li><strong>Valuation levels.<\/strong> Some of these companies trade at high earnings multiples, so growth must continue to justify them.<\/li>\n<\/ul>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter market infrastructure and fund management stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Market_Infrastructure_and_Fund_Management_Stocks\"><\/span><strong>Final Thoughts on Market Infrastructure and Fund Management Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Market infrastructure and fund management stocks reward investors who follow demand trends, order books and margins together. NSDL, Indian Energy Exchange and UTI Asset Management Company each have a clear plan to grow. Based on the 27 October 2026 close, NSDL trades at Rs 706.9, Indian Energy Exchange at Rs 103.49 and UTI Asset Management Company at Rs 809.9.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track market infrastructure and fund management stocks, set price alerts and get research-backed stock ideas.<\/em><\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_market_infrastructure_and_fund_management_stocks\"><\/span><strong>What are market infrastructure and fund management stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Market infrastructure and fund management stocks are listed companies that hold securities in electronic form, run India&#8217;s leading electricity trading platform and manage mutual funds. Their earnings depend on investor activity, trading volumes, assets under management and fee rules. This list looks at three of them, NSDL, Indian Energy Exchange and UTI Asset Management Company, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_market_infrastructure_and_fund_management_stocks_are_covered_in_this_list\"><\/span><strong>Which market infrastructure and fund management stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers NSDL, Indian Energy Exchange and UTI Asset Management Company. Based on the 27 October 2026 close, NSDL traded at Rs 706.9, Indian Energy Exchange at Rs 103.49 and UTI Asset Management Company at Rs 809.9. Their return on equity ranges from 10.7% to 36.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.6% to 19.2%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_market_infrastructure_and_fund_management_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do market infrastructure and fund management stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Market infrastructure and fund management stocks have a strong roadmap in India because growing demat accounts, rising electricity trading and increasing mutual fund participation keep widening the market for Indian financial and market infrastructure firms. The main drivers are as follows. Demat growth. More investors open accounts every year. Power trading. Electricity buyers use exchange platforms. Fund participation. Monthly investment plans build assets. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_NSDL_performed_financially\"><\/span><strong>How has NSDL performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 821 crore in FY22 to Rs 1,660 crore in FY26, a compound annual growth rate of 19.2%. Net profit grew from Rs 213 crore in FY22 to Rs 380 crore in FY26, which works out to a compound annual growth rate of 15.6%. The company has a return on equity of 16.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 14,924 crore. The stock trades at a P\/E of 38.4, below the industry P\/E of 41.8. Looking ahead, the company is gaining from the steady growth in demat accounts and from higher market participation. Its fee income from account maintenance and transactions grows as more investors enter the market.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Indian_Energy_Exchange_performed_financially\"><\/span><strong>How has Indian Energy Exchange performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 484 crore in FY22 to Rs 747 crore in FY26, a compound annual growth rate of 11.4%. Net profit grew from Rs 309 crore in FY22 to Rs 493 crore in FY26, which works out to a compound annual growth rate of 12.4%. In the June 2026 quarter, revenue grew 10.1% year on year to Rs 203 crore, while net profit rose 11.6% to Rs 135 crore. The company has a return on equity of 36.1%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 9,051 crore. The stock trades at a P\/E of 17.8, below the industry P\/E of 40.1. Looking ahead, growing power demand, wider participation of renewable producers and new market segments such as green and ancillary products support traded volumes. The platform model needs little capital and keeps the balance sheet clean.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_UTI_Asset_Management_Company_performed_financially\"><\/span><strong>How has UTI Asset Management Company performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_market_infrastructure_and_fund_management_stocks\"><\/span><strong>What risks should investors check before buying market infrastructure and fund management stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying market infrastructure and fund management stocks. Market activity. Fee income follows trading and investor activity. Regulatory changes. Fee and market rules can alter revenue. 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_market_infrastructure_and_fund_management_stocks_investment_advice\"><\/span><strong>Is this list of market infrastructure and fund management stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational and uses publicly available data as of the 27 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are market infrastructure and fund management stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Market infrastructure and fund management stocks are listed companies that hold securities in electronic form, run India's leading electricity trading platform and manage mutual funds. Their earnings depend on investor activity, trading volumes, assets under management and fee rules. 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Its fee income from account maintenance and transactions grows as more investors enter the market.\"}},{\"@type\":\"Question\",\"name\":\"How has Indian Energy Exchange performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 484 crore in FY22 to Rs 747 crore in FY26, a compound annual growth rate of 11.4%. Net profit grew from Rs 309 crore in FY22 to Rs 493 crore in FY26, which works out to a compound annual growth rate of 12.4%. In the June 2026 quarter, revenue grew 10.1% year on year to Rs 203 crore, while net profit rose 11.6% to Rs 135 crore. The company has a return on equity of 36.1%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 9,051 crore. The stock trades at a P\/E of 17.8, below the industry P\/E of 40.1. Looking ahead, growing power demand, wider participation of renewable producers and new market segments such as green and ancillary products support traded volumes. The platform model needs little capital and keeps the balance sheet clean.\"}},{\"@type\":\"Question\",\"name\":\"How has UTI Asset Management Company performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying market infrastructure and fund management stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying market infrastructure and fund management stocks. Market activity. Fee income follows trading and investor activity. Regulatory changes. Fee and market rules can alter revenue. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. 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Compare price, valuation, return on equity and revenue growth as of 27 October 2026.<\/p>\n","protected":false},"author":35,"featured_media":330434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,11950,17237,16114,17235,8917,17236,15457],"class_list":["post-330435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-depository","tag-financial-infrastructure-stocks","tag-indian-energy-exchange","tag-market-infrastructure-and-fund-management-stocks","tag-nsdl","tag-power-exchange-and-amc-shares","tag-uti-asset-management-company"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["330434"],"rank_math_title":["Market Infrastructure and Fund Management Stocks"],"rank_math_description":["Compare 3 market infrastructure and fund management stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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