Securitisation volumes grow 5% to Rs 1.87 lakh crore in nine months of FY26: Crisil ratings

09 Jan 2026 Evaluate

A report released by rating agency Crisil ratings has showed that the first nine months of financial year 2025-26 (9MFY26) saw a continued steady momentum in securitisation volumes aided by sustained originations by non-banking financial companies (NBFCs). During the period, securitisation volumes grew by 5% to around Rs 1.87 lakh crore from around Rs 1.78 lakh crore in the same period last fiscal. In third quarter of financial year 2025-26 (Q3FY26), the volumes stood at Rs 63,000 crore, which was broadly in line with issuances seen in the corresponding quarter of fiscal 2025. In Q3FY26, banks contributed meaningfully than that of same quarter of last fiscal. Last year contribution of banks was negligible, however, it was offset by the increased activity from NBFCs.

During Q3FY26, originations by NBFCs surged 35% on year-on-year (YoY) basis fuelled by strong volumes in both gold and vehicle loan pools. This has resulted in a shift in the originator mix this quarter with NBFCs accounting for around 97% of the overall retail volumes, as compared to around 71% for the corresponding period last year. Besides, the market also witnessed a broadening of the originator base. In 9MFY26, total number of originators was around 200 as compared to about 150 in the corresponding period last fiscal, mostly NBFCs. Meanwhile, the report noted that the new co-lending guidelines have increased operational complexities, it has prompted some originators to shift away from co-lending transactions. This trend is likely to drive a sustained growth in Direct Assignment volumes over the near to medium term.

The report highlighted that among retail asset classes, gold loan securitisation experienced a significant uptick in volumes rising to 12% of the market volume over the nine-month period, a substantial increase from just 1% during the same period last year. During the 9MFY26, NBFC originated vehicle pools grew around 14% YoY, while share of mortgage-backed securitisation declined to around 17% from 23% same period last year. Going forward, Crisil expects volumes to remain steady in fiscal 2026 as NBFCs continue to raise funds via securitisation route. Furthermore, with the credit-deposit ratio showing a marginal increase for most banks, it expects some increase in bank-led originations in the market.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

PROPRIETARY FRAMEWORK

Portfolio
Architecture >
Stock Picking.

Stop managing a collection of "tips." Access the ABC Framework to build a portfolio that survives cycles and compounds wealth.

Core for Stability

Booster for Alpha

Amplifier for Exponential Wealth

Build a Stress-Tested Portfolio.

Our Sapphire Advisory uses the ABC Concept to ensure you never have to panic during a market correction.

Core Stocks

STABILITY

Booster Stocks

GROWTH

Amplifier Stocks

ASYMMETRY

● Conflict-Free ● SEBI Registered ● 15Y+ Track Record

Access Sapphire ABC Strategy →

Limited Capacity for New Fiduciary Partners

Securitisation volumes grow 5% to Rs 1.87 lakh crore in nine months of FY26: Crisil ratings

MoneyWorks4Me Premium

Follow us at

MoneyWorks4Me

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.