3 Asset Management Company, Wealth Management Firm and Credit Rating Agency Stocks With a Strong Future Roadmap: UTI Asset Management Company, Nuvama Wealth Management and ICRA

UTI Asset Management Company, Nuvama Wealth Management and ICRA: ROE of 10.7% to 25.3% and FY22 to FY26 revenue CAGR of 6.6% to 27.1%. Prices as of 29 Oct 2026.

Updated: 30 Oct 2026 • 2:48 pm

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The three asset manager, wealth and rating stocks to watch are UTI Asset Management Company, Nuvama Wealth Management and ICRA. Their return on equity ranges from 10.7% to 25.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.6% to 27.1%. Nuvama Wealth Management leads on both return on equity at 25.3% and revenue growth at 27.1% a year. Prices are based on the 29 October 2026 close, and this article is educational, not investment advice.

Asset manager, wealth and rating stocks offer a focused view of a sector where demand keeps widening. UTI Asset Management Company, Nuvama Wealth Management and ICRA cover an asset management company, a wealth management firm and a credit rating agency.

This list covers three asset manager, wealth and rating stocks with complete current figures: UTI Asset Management Company, Nuvama Wealth Management and ICRA. Every figure comes from the latest reported financials and the 29 October 2026 market close. Companies without complete current figures were left out.

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Table of Contents

What Are Asset Manager, Wealth and Rating Stocks?

Asset manager, wealth and rating stocks are listed companies that manage mutual funds, advise and serve wealthy families and institutions and rate the credit quality of companies and debt. Their earnings depend on assets managed, market activity and fee income.

Asset Manager, Wealth and Rating Stocks at a Glance

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE (%)	D/E
UTI Asset Management Company	824.55	10,933	21.3	16.9	10.7	0.03
Nuvama Wealth Management	1,783.9	31,151	28.8	31.0	25.3	2.80
ICRA	4,437.6	4,332	22.1	33.6	15.4	0.02

On valuation, Nuvama Wealth Management and ICRA 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 asset manager, wealth and rating stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Asset Manager, Wealth and Rating Stocks Have a Strong Roadmap in India?

Asset manager, wealth and rating stocks have a strong roadmap in India because rising household savings in markets, growing wealth and more companies raising debt keep widening the market for these financial service companies.

Rising savings. More households invest through funds.
Wealth growth. Affluent clients seek advice and services.
Debt markets. Companies need credit ratings to borrow.

Why UTI Asset Management Company Features Among These Asset Manager, Wealth and Rating Stocks

Among the asset manager, wealth and rating stocks 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.

Why Nuvama Wealth Management Features Among These Asset Manager, Wealth and Rating Stocks

Among the financial services shares on this list, Nuvama Wealth Management is a Mumbai-based financial services company with businesses in wealth management, asset services, asset management and capital markets for individuals and institutions.

The company has a return on equity of 25.3%, a debt to equity ratio of 2.80 and a market capitalisation of Rs 31,151 crore. The stock trades at a P/E of 28.8, below the industry P/E of 31.0.

Revenue rose from Rs 1,784 crore in FY22 to Rs 4,650 crore in FY26, a compound annual growth rate of 27.1%. Net profit grew from Rs 305 crore in FY23 to Rs 1,040 crore in FY26, which works out to a compound annual growth rate of 50.5%. In the June 2026 quarter, revenue grew 22.9% year on year to Rs 1,382 crore, while net profit rose 15.8% to Rs 306 crore.

Roadmap: The company is growing client assets in wealth management and widening its services for institutions and private clients. Higher market participation and rising household wealth support its fee income.

What to watch: Track client assets, market activity and growth in asset services.

Why ICRA Features Among These Asset Manager, Wealth and Rating Stocks

Among the three companies on this list, ICRA is a credit rating agency, majority owned by Moody's, that also offers research and analytical services, software and consulting.

Revenue rose from Rs 384 crore in FY22 to Rs 675 crore in FY26, a compound annual growth rate of 15.1%. Net profit grew from Rs 114 crore in FY22 to Rs 183 crore in FY26, which works out to a compound annual growth rate of 12.6%.

In the June 2026 quarter, revenue grew 28.3% year on year to Rs 191 crore, while net profit rose 32.0% to Rs 56.5 crore. The company has a return on equity of 15.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 4,332 crore. The stock trades at a P/E of 22.1, below the industry P/E of 33.6.

Roadmap: A deepening bond market and rising bank credit generate more rating work, while its analytical and software services add diversification. Its association with a global rating group strengthens its brand with issuers.

What to watch: Follow trends in debt issuance and bank credit growth.

UTI Asset Management Company vs Nuvama Wealth Management vs ICRA on Key Financials

The table below sets the three asset manager, wealth and rating 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
UTI Asset Management Company	1,327	1,714	6.6%	472	27.6%
Nuvama Wealth Management	1,784	4,650	27.1%	1,040	22.4%
ICRA	384	675	15.1%	183	27.1%

Nuvama Wealth Management posts the highest return on equity in this group at 25.3%. Nuvama Wealth Management combines the largest FY26 revenue at Rs 4,650 crore with the fastest revenue growth, a 27.1% compound annual rate. A useful habit with asset manager, wealth and rating stocks is to check each new quarterly result against the capacity plans the company described earlier.

The June 2026 quarter, the latest reported, gives a fresh read on momentum:

Company	Q1 FY26 Revenue (Rs Cr)	Q1 FY27 Revenue (Rs Cr)	Year-on-Year Growth
UTI Asset Management Company	549	585	6.7%
Nuvama Wealth Management	1,125	1,382	22.9%
ICRA	149	191	28.3%

Key Risks to Check Before Investing in Asset Manager, Wealth and Rating Stocks

Every theme carries risks that deserve a check before any decision. For these asset manager, wealth and rating stocks, the main points are: Long-term financial services shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

Market activity. Fee income follows trading volumes and investor participation.
Competition. Rivals can influence pricing and market share.
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 asset manager, wealth and rating stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Asset Manager, Wealth and Rating Stocks

Asset manager, wealth and rating stocks reward patient research into demand, execution and financial strength. UTI Asset Management Company, Nuvama Wealth Management and ICRA each have a clear plan to grow. Based on the 29 October 2026 close, UTI Asset Management Company trades at Rs 824.55, Nuvama Wealth Management at Rs 1,783.9 and ICRA at Rs 4,437.6. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these asset manager, wealth and rating 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 asset manager, wealth and rating stocks?

Ans. Asset manager, wealth and rating stocks are listed companies that manage mutual funds, advise and serve wealthy families and institutions and rate the credit quality of companies and debt. Their earnings depend on assets managed, market activity and fee income. This list looks at three of them, UTI Asset Management Company, Nuvama Wealth Management and ICRA, using reported FY22 to FY26 financials and the 29 October 2026 closing prices.

Which asset manager, wealth and rating stocks are covered in this list?

Ans. This list covers UTI Asset Management Company, Nuvama Wealth Management and ICRA. Based on the 29 October 2026 close, UTI Asset Management Company traded at Rs 824.55, Nuvama Wealth Management at Rs 1,783.9 and ICRA at Rs 4,437.6. Their return on equity ranges from 10.7% to 25.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.6% to 27.1%.

Why do asset manager, wealth and rating stocks have a strong future roadmap in India?

Ans. Asset manager, wealth and rating stocks have a strong roadmap in India because rising household savings in markets, growing wealth and more companies raising debt keep widening the market for these financial service companies. The main drivers are as follows. Rising savings. More households invest through funds. Wealth growth. Affluent clients seek advice and services. Debt markets. Companies need credit ratings to borrow. Together these factors give the companies on this list a visible path for growth over the coming years.

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.

How has Nuvama Wealth Management performed financially?

Ans. Revenue rose from Rs 1,784 crore in FY22 to Rs 4,650 crore in FY26, a compound annual growth rate of 27.1%. Net profit grew from Rs 305 crore in FY23 to Rs 1,040 crore in FY26, which works out to a compound annual growth rate of 50.5%. In the June 2026 quarter, revenue grew 22.9% year on year to Rs 1,382 crore, while net profit rose 15.8% to Rs 306 crore. The company has a return on equity of 25.3%, a debt to equity ratio of 2.80 and a market capitalisation of Rs 31,151 crore. The stock trades at a P/E of 28.8, below the industry P/E of 31.0. Looking ahead, the company is growing client assets in wealth management and widening its services for institutions and private clients. Higher market participation and rising household wealth support its fee income.

How has ICRA performed financially?

Ans. Revenue rose from Rs 384 crore in FY22 to Rs 675 crore in FY26, a compound annual growth rate of 15.1%. Net profit grew from Rs 114 crore in FY22 to Rs 183 crore in FY26, which works out to a compound annual growth rate of 12.6%. In the June 2026 quarter, revenue grew 28.3% year on year to Rs 191 crore, while net profit rose 32.0% to Rs 56.5 crore. The company has a return on equity of 15.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 4,332 crore. The stock trades at a P/E of 22.1, below the industry P/E of 33.6. Looking ahead, a deepening bond market and rising bank credit generate more rating work, while its analytical and software services add diversification. Its association with a global rating group strengthens its brand with issuers.

What risks should investors check before buying asset manager, wealth and rating stocks?

Ans. Investors should check a few risks before buying asset manager, wealth and rating stocks. Market activity. Fee income follows trading volumes and investor participation. Competition. Rivals can influence pricing and market share. 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 asset manager, wealth and rating stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 29 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.