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3 Wealth and Asset Services Group, Wealth and Asset Manager and Securities Depository Stocks With a Strong Future Roadmap: Nuvama Wealth Management, 360 ONE WAM and NSDL

Nuvama Wealth Management, 360 ONE WAM and NSDL: ROE of 12.0% to 25.3% and FY22 to FY26 revenue CAGR of 19.2% to 27.1%. Prices as of 28 Oct 2026.


29 Oct 2026 • 12:32 pm

3 Wealth and Asset Services Group, Wealth and Asset Manager and Securities Depository Stocks With a Strong Future Roadmap: Nuvama Wealth Management, 360 ONE WAM and NSDL

Quick Answer

The three wealth manager, asset manager and depository to watch are Nuvama Wealth Management, 360 ONE WAM and NSDL. Their return on equity ranges from 12.0% to 25.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 19.2% 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 28 October 2026 close, and this article is educational, not investment advice.

Wealth manager, asset manager and depository offer a focused view of a sector where demand keeps widening. Nuvama Wealth Management, 360 ONE WAM and NSDL cover a wealth and asset services group, a wealth and asset manager and a securities depository.

This list covers three wealth manager, asset manager and depository with complete current figures: Nuvama Wealth Management, 360 ONE WAM and NSDL. Every figure comes from the latest reported financials and the 28 October 2026 market close. Companies without complete current figures were left out.

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What Are Wealth Manager, Asset Manager and Depository?

Wealth manager, asset manager and depository are listed financial companies that advise affluent clients and institutions, manage assets for high net worth investors and hold securities of investors in electronic form. Their earnings depend on client assets, market activity and account growth.

Wealth Manager, Asset Manager and Depository at a Glance

Company CMP (Rs) Market Cap (Rs Cr) P/E Industry P/E ROE (%) D/E
Nuvama Wealth Management 1,744.7 31,151 28.8 31.0 25.3 2.80
360 ONE WAM 991 42,796 34.3 32.0 12.0 1.67
NSDL 704.95 14,924 38.4 41.8 16.0 0.01

On valuation, Nuvama Wealth Management and NSDL trade at a P/E below the industry P/E, while 360 ONE WAM trades above it, which reflects the growth the market already expects. Readers comparing wealth manager, asset manager and depository should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

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

Wealth manager, asset manager and depository have a strong roadmap in India because rising household wealth, growing participation in capital markets and steady demat account additions keep widening the market for these financial platforms.

  • Rising wealth. Affluent households seek professional advice.
  • Managed assets. Fee income grows with client assets.
  • Demat growth. New investors add accounts every month.

Why Nuvama Wealth Management Features Among These Wealth Manager, Asset Manager and Depository

Among the wealth manager, asset manager and depository 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 360 ONE WAM Features Among These Wealth Manager, Asset Manager and Depository

Among the wealth platform and market infrastructure shares on this list, 360 ONE WAM is a Mumbai-based wealth and asset management firm that serves high net worth and ultra high net worth clients with wealth management, asset management and advisory services.

Revenue rose from Rs 2,078 crore in FY22 to Rs 4,477 crore in FY26, a compound annual growth rate of 21.2%. Net profit grew from Rs 578 crore in FY22 to Rs 1,216 crore in FY26, which works out to a compound annual growth rate of 20.5%.

The company has a return on equity of 12.0%, a debt to equity ratio of 1.67 and a market capitalisation of Rs 42,796 crore. The stock trades at a P/E of 34.3, above the industry P/E of 32.0.

Roadmap: The company is growing the assets it manages and advises as household wealth rises, and it is widening its range of investment products. Long relationships with affluent clients support recurring fee income.

What to watch: Monitor assets under management, net inflows and new product launches.

Why NSDL Features Among These Wealth Manager, Asset Manager and Depository

Among the three companies on this list, National Securities Depository, known as NSDL, is India's first and largest depository, holding securities of investors in electronic form and providing related services to market participants.

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.

Roadmap: 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.

What to watch: Track growth in demat accounts, trading volumes and new service launches.

Nuvama Wealth Management vs 360 ONE WAM vs NSDL on Key Financials

The table below sets the three wealth manager, asset manager and depository 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
Nuvama Wealth Management 1,784 4,650 27.1% 1,040 22.4%
360 ONE WAM 2,078 4,477 21.2% 1,216 27.2%
NSDL 821 1,660 19.2% 380 22.9%

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 wealth manager, asset manager and depository is to check each new quarterly result against the capacity plans the company described earlier.

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

Every theme carries risks that deserve a check before any decision. For these wealth manager, asset manager and depository, the main points are:

  • Market activity. Fee income follows trading and investor activity.
  • Regulatory approvals. Plant inspections and approvals can affect supplies.
  • Competition. Rivals can influence pricing and market share.

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 wealth manager, asset manager and depository by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Wealth Manager, Asset Manager and Depository

Wealth manager, asset manager and depository reward patient research into demand, execution and financial strength. Nuvama Wealth Management, 360 ONE WAM and NSDL each have a clear plan to grow. Based on the 28 October 2026 close, Nuvama Wealth Management trades at Rs 1,744.7, 360 ONE WAM at Rs 991 and NSDL at Rs 704.95.

Download the Univest iOS App or Univest Android App to track wealth manager, asset manager and depository, set price alerts and get research-backed stock ideas.

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 wealth manager, asset manager and depository?

Ans. Wealth manager, asset manager and depository are listed financial companies that advise affluent clients and institutions, manage assets for high net worth investors and hold securities of investors in electronic form. Their earnings depend on client assets, market activity and account growth. This list looks at three of them, Nuvama Wealth Management, 360 ONE WAM and NSDL, using reported FY22 to FY26 financials and the 28 October 2026 closing prices.

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

Ans. This list covers Nuvama Wealth Management, 360 ONE WAM and NSDL. Based on the 28 October 2026 close, Nuvama Wealth Management traded at Rs 1,744.7, 360 ONE WAM at Rs 991 and NSDL at Rs 704.95. Their return on equity ranges from 12.0% to 25.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 19.2% to 27.1%.

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

Ans. Wealth manager, asset manager and depository have a strong roadmap in India because rising household wealth, growing participation in capital markets and steady demat account additions keep widening the market for these financial platforms. The main drivers are as follows. Rising wealth. Affluent households seek professional advice. Managed assets. Fee income grows with client assets. Demat growth. New investors add accounts every month. Together these factors give the companies on this list a visible path for growth over the coming years.

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 360 ONE WAM performed financially?

Ans. Revenue rose from Rs 2,078 crore in FY22 to Rs 4,477 crore in FY26, a compound annual growth rate of 21.2%. Net profit grew from Rs 578 crore in FY22 to Rs 1,216 crore in FY26, which works out to a compound annual growth rate of 20.5%. The company has a return on equity of 12.0%, a debt to equity ratio of 1.67 and a market capitalisation of Rs 42,796 crore. The stock trades at a P/E of 34.3, above the industry P/E of 32.0. Looking ahead, the company is growing the assets it manages and advises as household wealth rises, and it is widening its range of investment products. Long relationships with affluent clients support recurring fee income.

How has NSDL performed financially?

Ans. 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.

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

Ans. Investors should check a few risks before buying wealth manager, asset manager and depository. Market activity. Fee income follows trading and investor activity. Regulatory approvals. Plant inspections and approvals can affect supplies. Competition. Rivals can influence pricing and market share. 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 wealth manager, asset manager and depository investment advice?

Ans. No. This article is educational and uses publicly available data as of the 28 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.

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