Whalesbook
360 ONE Expands Global Reach from GIFT City
360 ONE Asset Management Limited (AMC) has received a crucial 'No Objection' letter from the Securities and Exchange Board of India (SEBI) dated May 21, 2026. This approval empowers its wholly-owned subsidiary, 360 ONE Global Asset Management (IFSC) Limited (GAM), to begin international wealth and fund management services from Gujarat International Finance Tec-City (GIFT City). The strategic expansion aims to meet the increasing demand for offshore investment solutions and capitalize on GIFT City's growing prominence as India's international financial hub. 360 ONE plans to inject the necessary capital into GAM, which will then seek final registration with the International Financial Services Centres Authority (IFSCA) before launching its services.
New Services for International Clients
The SEBI approval permits GAM to manage and advise on pooled assets, including offshore funds, insurance funds, and pension funds, under the SEBI (Mutual Funds) Regulations, 2026. The subsidiary will also manage portfolio investments for Foreign Portfolio Investors and advise funds that are not broadly based. These new offerings complement 360 ONE's existing expertise in Wealth Management, Family Office Services, Private Markets, and Alternative Investments, which currently manage approximately USD 40 billion in Assets Under Management, Advice & Custody.
GIFT City: A Hub for Financial Growth
GIFT City offers a strong financial services ecosystem, featuring significant tax and regulatory advantages. Companies operating in its International Financial Services Centre (IFSC) benefit from income tax exemptions, GST benefits, and exemptions on capital gains tax for certain securities. This environment reduces operational costs and boosts competitiveness. The unified oversight by IFSCA also simplifies regulatory compliance. 360 ONE's move into GIFT City aligns with the rapid growth projected for the Indian wealth management sector, which is expected to more than double its Assets Under Management (AUM) to over USD 331 billion by FY2032.
Strengthening Competitive Edge
Establishing an international presence in GIFT City positions 360 ONE competitively within the burgeoning financial services hub. The firm will be better equipped to serve its Ultra-High Net Worth Individual (UHNI) clients seeking global investment diversification. This move also aims to attract new international clients interested in Indian markets. With an existing global footprint in Dubai, Singapore, New York, and Toronto, this expansion into GIFT City is a key step in 360 ONE's strategy to become a comprehensive global asset and wealth management provider.