| Market Cap | ₹42,244 CrMid-cap Wealth Manager |
|---|---|
| PE TTM | 33.89xIndustry PE 39.95x |
| 1Yr Return | -12.58%Price performance |
| RSI | 37.82Neutral Zone |
Key highlights
- Final approval granted to 360 ONE Distribution Services Limited (IFSC Branch)
- Authorization covers five distinct financial services including brokerage and clearing
- Company can now act as a Research Entity and Distributor in the IFSC zone
- Strategic expansion follows a series of recent GIFT City regulatory clearances
- Group AUM reached ₹8,99,481 crore for the quarter ended September 30, 2026
Five-Fold Regulatory Clearance for GIFT City
360 ONE WAM Limited, formerly IIFL Wealth Management, has achieved a significant regulatory milestone with its subsidiary receiving final approval from the IFSCA. The Certificate of Registration granted to the IFSC branch of 360 ONE Distribution Services Limited authorizes a broad spectrum of financial activities. These include acting as a Broker Dealer, Clearing Member, Depository Participant, Research Entity, and Distributor.
This comprehensive suite of licenses enables the firm to provide end-to-end investment and advisory services to global and domestic clients operating within the International Financial Services Centre.
Strategic Roadmap and Previous Approvals
- August 2026: Subsidiary 360 ONE Global Asset Management received IFSCA registration for fund management
- May 2026: SEBI issued a No Objection letter for GIFT City operations under Mutual Fund Regulations
- April 2026: IFSCA granted in-principle approval for Fund Management Entity (Retail) status
- The current approval completes the structural requirements for a full-service wealth platform in IFSC
- The expansion leverages recent acquisitions including UBS AG's India wealth business for ₹2,418.80 crore
Financial Performance and Asset Growth
The regulatory update comes shortly after the company reported its financial results for the quarter ended September 30, 2026. 360 ONE WAM recorded an operating revenue of ₹1,143.83 crore, representing a 2.6% growth compared to the previous year, although revenue dipped 6.7% on a sequential basis. Net profit for the same period stood at ₹300.11 crore with an operating margin of 59.2%.
Despite recent market volatility reflected in a 1-year price decline of 12.58%, the firm has maintained a robust asset base with Total Assets Under Management (AUM) reaching ₹8,99,481 crore.
| Date | Announcement | Amount |
|---|---|---|
| 03 Aug 2026 | Receipt of Certificate of Registration from IFSCA for subsidiary 360 ONE Global Asset Management (IFSC) Limited to operate as a Registered Fund Management Entity (Retail) at GIFT CitySource: BSE filing | – |
| 21 May 2026 | Receipt of No Objection letter from SEBI under Regulation 21(b) of Mutual Funds Regulations for GIFT City activities via 360 ONE Global Asset Management (IFSC) LimitedSource: business-standard.com | – |
| 20 Apr 2026 | Receipt of in-principle approval from IFSCA for 360 ONE Global Asset Management (IFSC) Limited to act as Fund Management Entity (Retail) at GIFT CitySource: NSE filing | – |
| 08 Jul 2025 | Receipt of CCI approval for acquisition of certain wealth management, distribution, PMS, and lending businesses of UBS AG in India and 4.95% warrant subscription by UBS AGSource: crisil.com | ₹2,418.80 Cr |
| 13 May 2025 | Receipt of regulatory prior approval from stock exchanges and authorities for acquisition of Batlivala & Karani Securities India Private LimitedSource: NSE filing | ₹1,884.13 Cr |
| 10 Jan 2025 | Receipt of prior approval from SEBI under Stock Brokers Regulations for acquisition and change of control of ET Money entities (Moneygoals Solutions Limited and Banayantree Services Limited)Source: BSE filing | ₹366.00 Cr |
What to watch next
- Payment and dispatch of second interim dividend of ₹7.50 per share by November 13, 2026
- Commercial commencement of clearing and depository services at the GIFT City branch
- Update on Annual Recurring Revenue (ARR) net inflows for the December quarter
| Share price | ₹985 |
|---|---|
| Market capitalisation | ₹42,244.53 Cr |
| Revenue (annual) | ₹4,361.62 Cr |
| Net profit (annual) | ₹1,216.17 Cr |
| Revenue (latest quarter) | ₹1,143.83 Cr-6.71% vs previous quarter |
| Net profit (latest quarter) | ₹300.11 Cr-9.20% vs previous quarter |
| P/E (TTM) | 33.89×Sector 19.76× |
| Promoter holding | 5.88%-0.32% QoQ |
| FII holding | 56%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by 360 ONE WAM Limited regarding the receipt of Certificate of Registration from IFSCA. Market figures from a third-party data provider.
