Nuvama Wealth Management Limited · NSE:NUVAMA
Nuvama Wealth Management — 21st Nuvama India Conference 2026
25 slides from Nuvama Wealth Management's conference presentation, Feb 10, 2026
Slide 1: Stock exchange intimation: Nuvama India Conference 2026 keynote
NWML/SEC/2026/96 February 10, 2026 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Tower, Exchange Plaza, 5th Floor, Plot C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 001. Mumbai
Slide 2: Nuvama Industry & Strategic Overview
Nuvama Industry & Strategic Overview Speaker: Mr. Ashish Kehair, MD and CEO, Nuvama Group 21st Nuvama India Conference February 10, 2026 Grand Hyatt, Mumbai
Slide 3: I. Evolution of wealth management ecosystem
I. Evolution of wealth management ecosystem 2
Slide 4: Structural tailwinds shaping the ecosystem
Structural tailwinds shaping the ecosystem Tailwind # 1: Financialization of household savings Tailwind # 2: Broadening & deepening of market participation Tailwind # 3: Institutionalization & regulatory maturity 3
Slide 5: # 1: Financialization of household savings
# 1: Financialization of household savings A structural shift from physical to financial to investment assets Growing affluence & rising share of Traditional savings losing salience & SIPs and systematic investing financial assets in HH balance sheets investment assets gaining mindshare changing inv
Slide 6: # 2: Broadening & deepening of participation
# 2: Broadening & deepening of participation Capital markets are no longer a niche, they’re becoming mainstream Pan India reach - participation has Diverse Investor Base - Retail + HNI + Increasing access to public and expanded well beyond top metros family offices + institutions all active private
Slide 7: # 3: Institutionalization & regulatory maturity
# 3: Institutionalization & regulatory maturity Evolving trends driving value migration towards institutionalized platforms Rising product and solution Technology and infrastructure as Structural shift in customer complexity core enablers expectations o Expansion from plain-vanilla o Need for integr
Slide 8: All leading to a larger, deeper, more resilient wealth management ecosystem
All leading to a… larger, deeper, more resilient wealth management ecosystem 7
Slide 9: The next decade: What will change
The next decade: What will change The upcoming phase will reward stewardship over scale 2025 2035 Product → Portfolio and advice-led models Monoline, sub-scale businesses → Integrated platforms & ecosystems Domestic-only exposure → Globally integrated asset allocation Digital enablement → AI-driven
Slide 10: The next decade: What it becomes
The next decade: What it becomes A structurally expanding, multi-player industry Financial HH assets - ₹ tn Organized wealth managed HH assets - ₹ tn ~4x ~10x ₹ ~400 tn ₹ ~25-30 tn ₹ ~1600 tn ₹ ~250 tn today today In 10 years In 10 years 9
Slide 11: II. Our strategic response
II. Our strategic response 10
Slide 12: Growth choices we made
Growth choices we made A multi-segment model, united by a ‘One Nuvama’ culture Wealth Management Built a comprehensive model with top 2 segments and full- solution platform Asset Management Launched ~4 years ago, focusing on alternative strategies leveraging insights from wealth clients Asset Servic
Slide 13: The platform we built
The platform we built An integrated, full-stack platform spanning the wealth lifecycle MANUFACTURING DISTRIBUTION Alternatives focused, private markets, public markets, CRE strategies 01 02 Solution oriented multi-segment client franchise MARKET INFRASTRUCTURE RESEARCH, ORIGINATION & 04 03 PLACEMENT
Slide 14: The platform we built: resilience, efficiency and compounding
The platform we built Designed for resilience, efficiency and compounding DIVERSIFIED BALANCE REVENUE MIX MULTIPLE LOWER-BETA SHEET INCREASINGLY GROWTH EARNINGS LIGHT ANNUITY-LED ENGINES PROFILE BUSINESS AND REINFORCING MIX RECURRING EACH OTHER ACROSS CYCLES 13
Slide 15: Over last 5 years: What we drove
Over last 5 years: What we drove Platform building Efficiency Governance strengthening • Access to best-in-class • Proficient capital allocation to • Augmented organizational products & solutions across an drive sustainable shareholder capabilities - strengthened risk, integrated ecosystem returns c
Slide 16: Over last 5 years: What was the outcome
Over last 5 years: What was the outcome Strong scale-up with quality Meaningful progress on Enhanced client satisfaction s shareholder value and wallet share Revenues tripled, profits quintupled Delivered lower cost-to-income Improved net promoter score and and mix resilience improved ratio and impr
Slide 17: Over last 5 years: Segment highlights
Over last 5 years: Segment highlights # 1 Player in HNI and Affluent segment o Multi-product and open architecture o Unbiased solutions – portfolio approach o Hybrid ecosystem – B2C, B2B and powering digital enablement # 2 Player in UHNI segment o Full-service capabilities including offshore proposi
Slide 18: Over last 5 years: Segment highlights
Over last 5 years: Segment highlights Scaled AUM to ~13K Cr o Alternatives in India - A big opportunity o Diversified strategies: Private, Public, Commercial Real Estate o Synergies with wealth management ~20% share in new client wins o Markets infrastructure type business with recurring revenue str
Slide 19: Our priorities over next 3-5 years: Wealth
Our priorities over next 3-5 years Grow responsibly through various strategies for enhanced value discovery NUVAMA WEALTH AND NUVAMA PRIVATE Invest in both UHNI and Affluent & HNI segments to drive growth organically and inorganically SCALE BUSINESS GROW OFFSHORE SHARPEN VALUE PROPOSITON o Expand sa
Slide 20: Our priorities over next 3-5 years: Asset Management
Our priorities over next 3-5 years Grow responsibly through various strategies for enhanced value discovery ASSET MANAGEMENT Significantly scale AUM across asset classes by growing organically & acquiring teams / platforms BUILD FULL PRODUCT SUITE SCALE EXISTING STRATEGIES STRENGTHEN DISTRIBUTION o
Slide 21: Our priorities over next 3-5 years: Asset Services
Our priorities over next 3-5 years Grow responsibly through various strategies for enhanced value discovery ASSET SERVICES Grow clients, client assets and improve market share SCALE INTERNATIONAL SCALE DOMESTIC GET FUTURE READY o Add and scale new clients across o Add and scale new clients across o
Slide 22: Our priorities over next 3-5 years: Capital Markets
Our priorities over next 3-5 years Grow responsibly through various strategies for enhanced value discovery CAPITAL MARKETS Improve market share and synergies with wealth management IMPROVE MARKET SHARE GROW FIXED INCOME DEEPEN ONE NUVAMA o Improve market share for o Grow fixed income services acros
Slide 23: Bringing it all together
Bringing it all together 1. India’s wealth management opportunity remains under-penetrated with a long runway 2. Integrated, full-solution platforms are better positioned to compound trust & wallet share 3. Customer experience, governance, and AI-led intelligence will become table stakes 4. Reducing
Slide 24: End of presentation
End of presentation fe nuvama
Slide 25: Safe harbour
Safe harbour DISCLAIMER : This presentation and the discussion may contain certain words or phrases that are forward-looking statements, which are tentative, based on current expectations of the management of Nuvama Wealth Management Limited or any of its subsidiaries, associate companies and joint
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