Wealth Management Stocks and Companies in India

The largest Wealth Management stocks in India by market value are Motilal Oswal (₹66,091 crore), 360 ONE WAM (₹45,785 crore) and Anand Rathi Wealth (₹39,292 crore), at prices of 4 Nov 2026.

• Motilal Oswal: ₹937 | market value ₹66,091 crore | P/BV 4.24
• 360 ONE WAM: ₹1,068.70 | market value ₹45,785 crore | P/BV 4.2
• Anand Rathi Wealth: ₹2,252 | market value ₹39,292 crore | P/BV 30.66
• Nuvama Wealth Management: ₹1,736 | market value ₹34,571 crore | P/BV 8.29

Share price | market value | P/BV or P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

All 4 listed Indian Finance - Capital Markets - Wealth Management companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Finance - Capital Markets - Wealth Management index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one.

1. Motilal Oswal Financial Services Ltd₹66,100 cr
2. 360 ONE WAM Ltd₹42,200 cr
3. Anand Rathi Wealth Ltd₹39,300 cr
4. Nuvama Wealth Management Ltd₹34,600 cr

4 Wealth Management companies in the Finance - Capital Markets - Wealth Management industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 4 are listed below, largest first. The largest is Motilal Oswal Financial Services (₹66,091 crore) and the smallest with a market value is Nuvama Wealth Management.

Download all 4 Wealth Management companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 36% ahead of NIFTY 500. Earnings across its companies grew 15% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 30 weeks running.

Price and the fundamentals both up. 2 of 4 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Ahead of NIFTY 500 on the three-month view for 30 weeks running; 3 of the 4 companies in the industry index above their 200-day average (no change from four weeks earlier); 2 of those 4 pass the momentum test (no change from four weeks earlier); earnings rising at 4 of the 4 that report earnings.

Ahead of NIFTY 500 for 30 weeks running and +21.9% over a year, with 2 → 2 of 4 stocks participating. Earnings confirming, 4 of 4 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of its 4 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.

Finance - Capital Markets - Wealth Management has done better than the NIFTY 500 by 23.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 8.9%. Anand Rathi Wealth Ltd is the strongest against the sector itself at +14.7%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 19.7 as of 30 October 2026 (leaders, rising).

Finance - Capital Markets - Wealth Management has done better than the NIFTY 500 by 23.6% over 52 weeks and by 8.9% over 13 weeks. 2 of 4 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 2 of 4 are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Anand Rathi Wealth Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 67.2% evidence confidence.

Anand Rathi Wealth Ltd has the strongest one-year price move in Finance - Capital Markets - Wealth Management at +45.8%. It also leads on relative strength against the NIFTY, at +31.1%. 3 of 4 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Finance - Capital Markets - Wealth Management itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

A second breakout is beating NIFTY 500, but earnings confirmation and member participation remain uneven. In the week of 5 October 2026, 75% of 4 Finance - Capital Markets - Wealth Management companies were beating the Nifty 500, against 100% on 25 May 2026.

Finance - Capital Markets - Wealth Management is one of the Top 25 sectors in our latest review.

From our industry review of 10 October 2026.

Recurring fees, new spending products and deeper client relationships support growth across the industry. Higher staff costs and lower fees per rupee managed prevent that growth from lifting profits equally everywhere.

From our industry review of 10 October 2026.

3 of 4 Finance - Capital Markets - Wealth Management companies held a results call for July to September 2026. Motilal Oswal Financial Services guided: Custody to commence operations in January to March 2027 subject to readiness with no earnings contribution even next year.

From the results calls for July to September 2026.

Big funds, foreign and Indian, raised their stake by 1.1 points over the last two quarters. Founders and promoters cut theirs by 0.6 points.

• Spending on plants is not a useful measure for a lender, so it is left out.

Big funds = foreign and Indian institutions, change in their share of ownership across 4 Finance - Capital Markets - Wealth Management companies, in percentage points.

Ownership and spending as of 10 October 2026.

1 chain of cause and effect links Finance - Capital Markets - Wealth Management to other industries right now. Foreign stake-cutting tests domestic support and market-linked fees. For Finance - Capital Markets - Wealth Management:

From our cross-industry review of 10 October 2026.

The next things that show whether the Finance - Capital Markets - Wealth Management story is on course. First: 360 ONE's HNI business and ET Money reaching the guided FY27 year-end break-even milestones.

• Nuvama's private-credit and other fund launches, followed by narrower asset-management losses.
• Motilal Oswal delivering its stated more-than-20% profit-growth base case.
• Anand Rathi delivering its FY27 revenue and profit goals while preserving client retention.

What would change the story

If the next reported industry earnings index falls below its level at the end of the sideways range while price stays above that range, I would withdraw the second-leg growth call because price would be advancing without earnings support.

From our industry review of 10 October 2026.

Our deep dive of 8 August 2026 compared 36 Wealth Management companies on their own reported operating numbers, and scored each out of 100. The highest operating scores were Anand Rathi Wealth (87), 360 ONE WAM (85) and Nuvama Wealth Management (84). Every figure links to the filing it came from.

The industry: Mutual-fund AUM · Jun 2026: ₹82.22L cr · Mutual-fund folios · Jun 2026: 27.86cr · 10-year MF AUM expansion: Nearly 6×. source

A live, source-linked comparison of flows, recurring assets, adviser productivity, fee yield, cost efficiency, management goals and the reasons those goals may or may not be reached. 355 filings, presentations and call transcripts were read for it.

Deep dive of 8 August 2026; it used to live at /sector-deep-dives/country/wealth-management

Motilal Oswal Financial Services Ltd has the highest Income among the 4 Finance - Capital Markets - Wealth Management companies compared here, at ₹11,256 crore. Nuvama Wealth Management Ltd is next at ₹4,884 crore. The same company also has the highest Income growth, at 44.9%. 4 of 4 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Motilal Oswal Financial Services Ltd is the largest at ₹11,256 crore, 130.5% ahead of Nuvama Wealth Management Ltd. Motilal Oswal Financial Services Ltd's growth is 44.9% from a ₹11,256 crore base, with 20 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Motilal Oswal Financial Services Ltd is both the largest and the fastest-growing company here; the growth has to turn into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Motilal Oswal Financial Services Ltd's revenue growth slows for two consecutive comparable reports while its operating margin also compresses.

For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.

Income · company comparison

Income · largest

Income growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Motilal Oswal Financial Services Ltd has the highest Net profit among the 4 Finance - Capital Markets - Wealth Management companies compared here, at ₹2,702 crore. 360 ONE WAM Ltd is next at ₹1,247 crore. The same company also has the highest Profit growth, at 33.2%. 4 of 4 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Motilal Oswal Financial Services Ltd earns the most, ₹2,702 crore of profit over the last 12 months, 116.7% above 360 ONE WAM Ltd. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Motilal Oswal Financial Services Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.

Net profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

No company in this Finance - Capital Markets - Wealth Management comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, Motilal Oswal Financial Services Ltd is highest at ₹26,842 crore, across 4 of 4 companies with a usable reading.

What the numbers say: There is not enough comparable evidence to name a reliable deposits leader.

What this means: The current leader sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.

For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.

Funding base · company comparison

Deposits · largest deposit bases

Not enough comparable data.

Borrowings · largest borrowings

All-company data · latest reported quarter

Deposits is left out: no company here reports it on a comparable basis.

Deposit scale can lower funding risk, while rising wholesale borrowings can change cost and liquidity. Asset quality and margins decide whether the funding base creates value.

Anand Rathi Wealth Ltd has the highest ROA among the 4 Finance - Capital Markets - Wealth Management companies compared here, at 28.1%. 360 ONE WAM Ltd is next at 6.8%. Nuvama Wealth Management Ltd has the highest ROA change at −0.5 percentage points, so level and change sit with different companies.

What the numbers say: Anand Rathi Wealth Ltd leads roa at 28.1%; Nuvama Wealth Management Ltd leads roa change at −0.5 percentage points.

What this means: Anand Rathi Wealth Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roa change signal.

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.

Return on assets · company comparison

Withheld from this chart: 360 ONE WAM Ltd (360ONE): its two data sources disagree by up to 32% on reported income across 16 comparable periods, so its derived ratios are withheld; Anand Rathi Wealth Ltd (ANANDRATHI): its two data sources disagree by up to 34% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn, the gap is a decision, not missing data.

ROA · highest

ROA change · fastest improvers

All-company data · latest reported quarter

Anand Rathi Wealth Ltd has the highest ROE among the 4 Finance - Capital Markets - Wealth Management companies compared here, at 47.3%. Nuvama Wealth Management Ltd is next at 27.4%. Motilal Oswal Financial Services Ltd has the highest ROE change at −2.5 percentage points, so level and change sit with different companies.

What the numbers say: Anand Rathi Wealth Ltd leads roe at 47.3%; Motilal Oswal Financial Services Ltd leads roe change at −2.5 percentage points.

What this means: Anand Rathi Wealth Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roe change signal.

ROE shows the return to shareholders, but should be read with asset quality and leverage.

Return on equity · company comparison

Withheld from this chart: 360 ONE WAM Ltd (360ONE): its two data sources disagree by up to 32% on reported income across 16 comparable periods, so its derived ratios are withheld; Anand Rathi Wealth Ltd (ANANDRATHI): its two data sources disagree by up to 34% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn, the gap is a decision, not missing data.

ROE · highest

ROE change · fastest improvers

All-company data · latest reported quarter

No company in this Finance - Capital Markets - Wealth Management comparison reports gross NPA on a comparable basis, so there is nothing to rank here, 0 of 4 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out.

Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.

Withheld from this chart: 360 ONE WAM Ltd (360ONE): its two data sources disagree by up to 32% on reported income across 16 comparable periods, so its derived ratios are withheld; Anand Rathi Wealth Ltd (ANANDRATHI): its two data sources disagree by up to 34% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn, the gap is a decision, not missing data.

360 ONE WAM Ltd has the lowest P/BV ÷ ROE among the 4 Finance - Capital Markets - Wealth Management companies compared here, at 0.27×. The same company also has the lowest P/BV, at 3.88×. 4 of 4 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: 360 ONE WAM Ltd has the lowest comparable P/BV ÷ ROE at 0.27×, 0% below Motilal Oswal Financial Services Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Banks are compared on P/BV and P/BV÷ROE, not PEG. A lower figure is better only if loan quality and returns stay strong; a low price against book value while bad loans are rising is not a good sign by itself.

Valuation · company comparison

P/BV ÷ ROE · lowest return-adjusted price

P/BV · lowest P/BV

All-company data · latest reported quarter

Finance - Capital Markets - Wealth Management companies show up on 4 of our India lists. The most are on the small & mid cap stocks list (4 companies).

This Finance - Capital Markets - Wealth Management comparison names 7 specific ways its own evidence can mislead, all listed below. All 4 companies here report on comparable dates, so no rank carries a stale marker. 2 have second-source figures left out because the two sources disagree. 2 of the 7 ranked sections have fewer than three usable current readings.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROE can come from heavy borrowing. It is best read beside ROA and loan quality.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
• 2 companies are missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.
• Thin comparisons: Funding base, Asset quality have fewer than three usable current readings.

This comparison is built from the reported filings of 4 Finance - Capital Markets - Wealth Management companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

2 of 4 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: 360 ONE WAM Ltd (360ONE): its two data sources disagree by up to 32% on reported income across 16 comparable periods, so its derived ratios are withheld; Anand Rathi Wealth Ltd (ANANDRATHI): its two data sources disagree by up to 34% on reported income across 15 comparable periods, so its derived ratios are withheld.

These 22 answers restate the Finance - Capital Markets - Wealth Management comparison above in question form. Every one is computed from the same 4 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.