Nuvama Wealth Management gains as its arm gets SEBI's approval to establish SIF
Nuvama Wealth Management is currently trading at Rs. 1705.65, up by 22.35 points or 1.33% from its previous closing of Rs. 1683.30 on the BSE.
The scrip opened at Rs. 1676.50 and has touched a high and low of Rs. 1715.90 and Rs. 1664.65 respectively. So far 6546 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2067.00 on 24-Jul-2026 and a 52 week low of Rs. 1097.25 on 23-Mar-2026.
Last one week high and low of the scrip stood at Rs. 1,814.20 and Rs. 1,664.65 respectively. The current market cap of the company is Rs. 30869.47 crore.
The promoters holding in the company stood at 53.40%, while Institutions and Non-Institutions held 28.33% and 18.27% respectively.
Nuvama Wealth Management’s wholly owned subsidiary -- Nuvama Asset Management (NAML) has received approval from the Securities and Exchange Board of India (SEBI) to establish / launch a Specialized Investment Fund (SIF) under the SEBI (Mutual Funds) Regulations, 2026. Under the SIF, NAML will launch a Specialised Investment Platform - Numa SIF and offer SIF Products.
