360 ONE Asset Management Gains SEBI Clearance for GIFT City Operations

360 ONE WAM LTD announced that its subsidiary, 360 ONE Asset Management Limited, has received a 'No Objection' from the Securities and Exchange Board of India (SEBI) on May 21, 2026. This approval permits the company to conduct specific financial activities through its subsidiary, 360 ONE Global Asset Management (IFSC) Limited, located in Gujarat International Finance Tec-City (GIFT City).

Key Approval Received

The SEBI clearance enables 360 ONE Global Asset Management (IFSC) Limited to offer a range of fund and portfolio management services within the International Financial Services Centre (IFSC) at GIFT City.

Strategic Growth Avenues

This expansion into GIFT City is expected to open new opportunities for asset management, particularly in handling offshore, insurance, and pension funds. The move is positioned to potentially increase the company's Assets Under Management (AUM) and diversify its revenue streams.

Company Background

360 ONE WAM LTD is a recognized financial services group. Its subsidiary, 360 ONE Asset Management Limited, has actively pursued establishing a presence in GIFT City's IFSC to capitalize on its strategic advantages for global financial services.

Next Steps for Operations

Following this approval, the company plans to infuse capital into the GIFT City subsidiary and obtain final registration from the International Financial Services Centres Authority (IFSCA). Operations in GIFT City are expected to commence thereafter.

Potential Challenges

Key considerations include securing all necessary regulatory approvals and establishing successful operations in a new financial jurisdiction. The competitive environment within the GIFT City financial hub is also a notable factor.

Competitive Landscape

Several other financial institutions are also setting up or expanding their presence in GIFT City. These firms aim to leverage the special economic zone benefits and the supportive regulatory framework for both global and domestic fund management.

Timeline

SEBI granted its 'No Objection' on May 21, 2026. The company is awaiting final registration with IFSCA and the subsequent launch of its operational activities.

Investor Focus

Investors will be watching the capital infusion process, the final IFSCA registration, and the commencement of fund management operations in GIFT City. Tracking AUM growth from this new venture will also be important.