RESEARCH PROTOTYPE

© India FinTech Leaders Index — Research Beta

Designed to measure the performance of India-listed FinTech companies driving the digital transformation of financial services across payments, lending, insurance, wealth management, capital-markets infrastructure and financial software.

This index is provided solely for research purposes and is not an investible index or investment recommendation.

Constituent metrics Constituent profiles

Market Cap · as of 04 Sept 2026

899.86-10.01% since base

Official launch: 05 Sept 2026Back-tested: 01 Jan 2025 – 04 Sept 2026Live from: 05 Sept 2026Base: 01 Jan 2025 = 1,000

Why This Index?

India’s FinTech story is moving from private funding rounds and unicorn valuations into the public markets. As more companies across payments, lending, insurance, wealth management, financial software and market infrastructure become listed, this emerging ecosystem deserves a transparent way to measure its performance.

The India FinTech Leaders Index was created to capture that transition and provide a research led view of India’s listed FinTech landscape. The India FinTech Leaders Index may be India’s first dedicated index for listed new age FinTech companies, although this has not been independently verified.

Customto

Period return

-10.01%

1,000.00 → 899.86

Period high / low

1,006.54

Low 677.60

Volatility (ann.)

25.5%

420 trading days

Max drawdown

-32.68%

Peak-to-trough in window

Aggregate market cap

₹6.56L cr

$69.03bn · avg ₹5.46L cr

Constituents

6 reviews since base

© India FinTech Leaders Index (FTMC) — market-cap weighted index level

01 Jan 2025 → 04 Sept 2026 · amber lines mark reconstitution dates

Sector allocation

Latest index weight by fintech sub-sector

Diversified fintech(1)24.12%
Broking & wealth(3)22.98%
Payments(10)21.76%
Insurance & insurtech(3)17.24%
Market infrastructure(4)12.21%
Financial software(1)1.47%
Digital banking(1)0.18%
Lending & credit(1)0.04%

Size distribution

Aggregate index market cap ₹6.56L cr · $69.03bn

Mega (> ₹1L cr)$40.66bn
3 names · 58.90%₹3.86L cr
Large (₹25k–1L cr)$14.89bn
3 names · 21.58%₹1.42L cr
Mid (₹5k–25k cr)$12.14bn
8 names · 17.58%₹1.15L cr
Small (< ₹5k cr)$1.34bn
10 names · 1.94%₹12,712 cr

Top 10 weights

Largest index weights under the selected version

Leaders

01 Jan 2025 → 04 Sept 2026

One 97 (Paytm)
PAYTM.NS
+68.03%
Angel One
ANGELONE.NS
+3.11%
PB Fintech
POLICYBZR.NS
-13.36%
Jio Financial
JIOFIN.NS
-21.03%
Go Digit General Insurance
GODIGIT.NS
-21.07%

* Added during the period; performance covers only the days it was in the index.

Laggards

01 Jan 2025 → 04 Sept 2026

MOS Utility
MOS.NS
-97.33%
AGS Transact Technologies
AGSTRA.NS
-97.09%
One MobiKwik Systems
MOBIKWIK.NS
-68.25%
Suvidhaa Infoserve
SUVIDHAA.NS
-64.77%
Fino Payments Bank
FINOPB.NS
-57.05%

* Added during the period; performance covers only the days it was in the index.