Synopsis:
Shares surged after securing SEBI approval to sponsor a new mutual fund, boosting investor sentiment. Strong financial growth, rising revenues, expanding asset management presence, and a client-first approach highlight consistent performance, competitive strength, and promising prospects in wealth and capital markets.
The shares of the prominent financial service provider gained up to 5 percent in today’s trading session after the company received SEBI approval to sponsor and set up the proposed Mutual Fund.
With a market capitalization of Rs 24,222.91 crore, the shares of Nuvama Wealth Management Ltd were trading at Rs 6,716.60 per share, increasing around 3.51 percent as compared to the previous closing price of Rs 6,488.80 apiece.
SEBI Approval
The shares of Nuvama Wealth Management Ltd have seen bullish movement after receiving approval to sponsor and set up the proposed Nuvama Mutual Fund. The final approval for registration of Mutual Fund will be granted by SEBI.
Moreover, In January 2025, the company announced applying for approval to become the sponsor of Nuvama Mutual Fund. If approved, this move will allow it to launch its own mutual funds and Specialized Investment Funds (SIF), expanding its presence in the asset management business.
Financial & Operating highlights
The company delivered strong financial growth, with revenue rising 18% to ₹1,123 crore in Q1FY26 from ₹949 crore last year. Net profit also grew 19% to ₹264 crore from ₹221 crore, reflecting healthy demand and improved operational efficiency, signaling a positive outlook for sustained business momentum.
Nuvama is a leading wealth management company with over 3,400 employees and presence in 100+ offices. It manages client assets of $54+ billion, serving UHNIs, families, and institutions. With a legacy of 30+ years, strong governance, and proven revenue growth (31% CAGR), Nuvama offers a multi-client, hybrid platform and emphasises a client-first foundation.
Nuvama’s revenue has shown strong, consistent growth, rising from $117 million in FY21 to $339 million in FY25. Capital Markets and Wealth Management were the biggest drivers, and each segment saw substantial year-on-year gains. The company’s diverse business mix and rapid expansion reflect its competitive position and superior earnings quality.
Nuvama is a leading wealth management company in India, offering a full suite of services across wealth management, asset management, and capital markets to diverse clients. The company operates on the guiding principle of always putting the client’s interest first, which forms the foundation of its brand promise, ‘Let’s Do It Right’.
Written by Abhishek Singh
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