Bernstein sees attractive valuations in India's wealth managers; stocks rise

360 One Wam

09/04/2026 06:49

** Valuations of India's wealth managers are attractive after the recent market decline due to the Iran war, says Bernstein, adding that buying capital market stocks is a great way to capture upside in a market recovery

** Says wealth managers have shown solid  execution on flows over the last few quarters, while concerns on client attrition from higher competition have also moderated

** Refers to 360 One Wam ONEW.NS and Nuvama Wealth NUVA.NS as "attractive" and notes Anand Rathi Wealth ANAA.NS has shown surprising strength this year amid a broad market decline

** Rates ONEW, NUVA "outperform" and ANAA "market-perform"; ONEW, ANAA up 2% on the day, NUVA rises 1.2%

** Client assets are balanced across asset classes (equity and non-equity) and ultra high networth individuals (UHNI) and HNI clients are more resilient, aiding the industry, says Bernstein

** ONEW, NUVA down 16.6% and 12.5% in 2026 so far, ANAA up 11.6%, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))