Fintech companies in India have been in the news over the last few years due to their IPOs. With these IPOs, many budding fintechs have become publicly listed companies aiming to grow manifold to deliver significant returns.
That’s why many investors such as yourself want to know more about their stock. Guess what? This blog does contain all the information you need to know about the best fintech stocks in India.
Best Fintech Stocks in India
| Top Fintech Stocks | Market Cap (₹ Cr) |
| Bajaj Finance | 4,15,699 |
| HDFC AMC | 78,363 |
| One97 Communications (Paytm) | 26,125 |
| Central Depository Services Limited (CDSL) | 18,455 |
| IIFL Finance | 12,799 |
| Computer Age Management Services (CAMS) | 14,459 |
| KFin Technologies | 10,240 |
| 5Paisa Capital | 1,518 |
Here are a few top fintech stocks in India.
1. Bajaj Finance
Bajaj Finance is a registered NBFC engaged in the business of lending and accepting deposits. The company has a presence in urban as well as rural India.
As an NBFC, its suite of products includes personal loans, commercial lending, public and corporate deposits, etc. Bajaj Finance is considered to be one of the best fintech stocks in India to invest in because of its history.
- Share Price: ₹6,752.70
- Market Cap: ₹4,15,699 Cr
2. HDFC AMC
HDFC AMC is one of the top mutual fund companies in India. It provides a variety of products and services like mutual funds, consultancy services, financial advisory, and PMS.
The company has investor service centers spread over more than 200 cities. HDFC AMC has strong management and a good reputation in the market. The company is preferred a lot by investors willing to invest in the fintech sector.
- Share Price: ₹3,786.25
- Market Cap: ₹78,363 Cr
3. Paytm
Paytm’s parent company One97 Communications is a fintech company that operates businesses in payments
- Share Price: ₹409.65
- Market Cap: ₹26,125 Cr
4. CDSL
Central Depository Services Limited (CDSL) is the top depository service provider in India. Investors who buy and sell stocks need CDSL services. It provides the services of depository segment, storage and repository, data entry etc.
CDSL has a strong customer base in India. The company has also offered stable returns and shown consistent growth in its share price.
- Share Price: ₹1,773.00
- Market Cap: ₹18,455 Cr
5. IIFL Finance
IIFL Finance is mainly involved in the business of gold loans, personal loans, business loans and financial advisory. The company has its network spread in 500+ cities with more than 4000 branches.
IIFL finance is one of the top fintech stocks in India serving more than 85 lakh customers. The company was awarded as the “Iconic Brands of India” in 2023.
- Share Price: ₹335.00
- Market Cap: ₹12,799 Cr
6. CAMS
CAMS is a technology-enabled service provider to mutual fund companies in India. It makes the mutual fund industry operate efficiently. With increased mutual fund investment, it plays a major role in the Indian Markets.
The company has a solid customer base due to the rise in the mutual fund investments in India. One shall invest in it considering the future growth of the company.
- Share Price: ₹3,099.95
- Market Cap: ₹14,459 Cr
7. KFin Technologies
KFin Technologies is offering Saas-based end-to-end transaction management, compliance solutions, data analytics, channel management and other digital services to asset managers and outsourcing services. The company provides its services to 25 AMCs in India.
KFin Technologies has been awarded “Great Place to Work” in the years 2020 and 2021. The company is planning to expand its services in the areas of fund administration and insurance transactions.
- Share Price: ₹604.50
- Market Cap: ₹10,240Cr
8. 5Paisa Capital
5Paisa Capital is into online trading and broking services. 5Paisa Capital is a subsidiary of IIFL Holdings Ltd.
- Share Price: ₹487.75
- Market Cap: ₹1,518 Cr
Conclusion
Fintechs are financial companies that use modern technology to deliver financial services.
India’s booming fintech ecosystem has produced several publicly listed companies, 8 of which appear on the list of best fintech stocks in India.
As always, you must do your own due diligence before investing in any stock, not just fintech stocks.
Note: Please do your own due diligence before investing. The stocks mentioned above are exemplary, not recommendatory. None of the stocks above are to be construed as investment advice.
