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Angel One, HDFC Life, Nuvama Among Motilal Oswal's Top Stock Bets In Non-Lending Financials; Q1 Result Preview

In the capital market space, UTI AMC, Nuvama and Angel One are Motilal Oswal's top picks

<div class="paragraphs"><p>Mutual fund AUM grew 22%/23% YoY during April-25/May-25, driven by 23%/25% growth in equity AUM.</p><p>&nbsp;(Representative image. Source: Canva AI)</p></div>
Mutual fund AUM grew 22%/23% YoY during April-25/May-25, driven by 23%/25% growth in equity AUM.

 (Representative image. Source: Canva AI)

The non-lending financial industry witnessed a strong recovery across segments in Q1 FY26. Positive market sentiment boosted activity in the cash segment and AUM growth for AMCs/wealth managers/distributors. For life insurers, premium growth was subdued, though we expect an improvement in profitability. General insurers witnessed a marginal recovery in underlying demand, but they are expected to face elevated claims.
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