What NUVAMA management said they would do
NUVAMA management's promises, guidance and forward-looking statements, gathered from investor presentations and earnings calls.
42 forward-looking statements across 5 occasions, quoted from filings. 3 quarters have been filed since the earliest.
River doesn't say whether any of these were kept. That reading is yours.
It can keep what you said too.
Across the whole exchange in October 2026, companies announced ₹12,583 Cr of orders — 94 filings from 68 companies.
August 2026
investor presentationnothing filed since“Secured SEBI's final approval for mutual fund license and initiated the regulatory approval process for launching SIF strategies”
no horizon givenshare this one
“Focus continues to grow clients, client assets and deepening relationships across geographies.”
no horizon givenshare this one
“Focus continues on building a diversified platform to deliver resilient performance across market cycles”
no horizon givenshare this one
“our desire always is to basically keep adding 15-16% every year, provided the market allows us to do that at costs which are not upsetting to the overall business.”
no horizon givenshare this one
“Singapore will breakeven by the end of this year.”
by end of FY27share this one
“Overall, revenue contribution from offshore will remain between 5% to 7% at least in this year.”
FY27share this one
“Our target for the full year still remains at 20-22% of the opening assets.”
FY27share this one
“over the next 24 months, we are contemplating of looking at building a REIT platform”
next 24 monthsshare this one
“middle to end of quarter 3, we will see the launch of our first private credit fund.”
Q3 FY27share this one
“this year, we will end up at a cumulative loss of around INR35 crores to INR40 crores. And subsequent to that, you will see the path to breakeven start.”
FY27share this one
“Our cost run rate is between INR30 crores to INR33 crores a quarter. Our assessment is that it will peak at INR35 crores to INR36 crores a quarter.”
FY27share this one
“on a full year basis, we are confident that revenue growth will be more than 20-25% here.”
FY27share this one
“between wealth and private, both INR 10,000 - 12,000 crores. So a range of INR 20,000 to 24,000 crores and AMC, we are seeing anywhere between INR 3,500 to 5,500 crores.”
FY27share this one
“on a full year basis, this will remain around this level only... our cost-to-income ratio is around 55%”
FY27share this one
“the target is to deploy about 70% of the AUM in the next maybe 2-3 months so that by end of Q3, we can launch the second fund, which we want to have around INR4,000 to INR5,000 crores again”
by end of Q3 FY27share this one
May 2026
investor presentation1 quarter since“Consistent dividend payout: ~49% of annual operating profits for FY26”
FY26share this one
“Continue to sharpen Client, RM, EWM value proposition through investments in talent, AI, technology, and product capabilities”
no horizon givenshare this one
May 2026
earnings call1 quarter since“we've launched a new fund crossover 4, the fund raise should be alive for the next maybe 6 to 10 months, and we should target to raise INR1,000-INR1,500 crores there.”
next 6-10 monthsshare this one
“Our final inspection has happened, and hopefully, if we get the license in another 2 months, maybe plus a couple of months from there, we should launch our SIF in which over a period of time, we will migrate our long-short strategy”
next 2-4 monthsshare this one
“lending has been in focus. But even now, it only contributes 10% to 12% of the revenues, there is scope to go up to 20-25% over the next few years.”
next few yearsshare this one
“over a 3- 4-year period, you can see a 100 basis point reduction every year.”
next 3-4 yearsshare this one
“this business has been doing decent for us...this business is more structural in nature can see a compounding growth of 20-25%. It has seen it in the past and it can continue to see a growth of 20-25% compounding in the years to come.”
no horizon givenshare this one
“maybe in the next 12 to 15 months Manas, we will see a reverse of this happening. If the inflation stickiness is there because of fuel prices or the war situation being there. And if the Central Bank is forced to increase the rates, then I think we will see further upward trend in yields”
next 12-15 monthsshare this one
“that migration will happen. Right now, that's not happening...We need to orient the team and start going out and demonstrating the benefits to the client so that migration will happen in somewhere around next 12-15 months”
next 12-15 monthsshare this one
“second half of this year is where we should look to launch. Again, the target should be anywhere between INR3,000-INR3,500 crores, part of which, of course, will come in this year.”
second half FY27share this one
“These offerings are expected to go live by middle of Q3, and this will help us further increase our market share in the domestic clients.”
middle of Q3 FY27share this one
“in Q1, we should see some acceleration of processing fees.”
Q1 FY27share this one
“Private credit, again, as I said, the launch will be somewhere around H2 and the first fund could target may be INR1,500 crores. Part of it, which will come this year. I can't certainly say how much, but maybe half of it comes this year.”
H2 FY27share this one
“We are right now building the team, and we expect to launch our first fund. I think by end of Q2, again, maybe target about INR1,000 crores, INR1,200 crores or INR1,500 crores in the first fund, some part of it will come in this year.”
by end of Q2 FY27share this one
February 2026
earnings call2 quarters since“There are 2-3 more listings, which are going to happen in the next 6 to 8 months”
next 6-8 monthsshare this one
“FY '27, maybe another INR7,000-INR8,000 crores of net new money is what we would target from this segment”
FY27share this one
“we are looking at INR10,000-INR11,000 crores or maybe INR12,000 crores next year in Nuvama Private”
FY27share this one
“about INR19,000 crores, INR20,000 crores and next year between INR25,000 crores to INR26,000 crores is what we target”
FY26 / FY27share this one
“we aspire to have a 20% plus growth”
FY27share this one
“once the base is formed, we should come back to that same level of growth, anywhere between 20% to 25% of the overall business”
FY27share this one
“Our overall guidance in terms of maybe a 10% to 12% growth on the opex on a full year still remains intact”
FY26share this one
“anywhere between 20% to 30% is what we will target for next year”
FY27share this one
“we should be live in the next 3 months”
next 3 monthsshare this one
“we are hopeful that by quarter 1, we should be able to launch our SIF subject to the approvals coming in”
Q1 FY27share this one
“another one or one and a half quarter, we should be able to mop up another INR1,000 crores and wrap up the full fund at INR4,000 crores”
next 1-1.5 quartersshare this one
“we expect Singapore to follow in the next maybe 2 quarters or so”
next 2 quartersshare this one
November 2025
investor presentation3 quarters since“Secured in principle approval for NWML to act as a sponsor and set-up Nuvama Mutual Fund - a key milestone to launch SIF”
no horizon givenshare this one
What NUVAMA has filed since
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Quoted from filings published by the National Stock Exchange of India. River is not an investment adviser and does not give investment advice.