360 ONE WAM Limited — Cyborg Score 8/10

Strong
Wealth & Asset Management

Strategic Profile

As of March 2025, the company manages over ₹5.81 lakh crore (US$68 billion) in assets under management with more than 7,500 clients. Strategic acquisitions include ET Money in 2024 and the launch of 360 ONE Global in 2023 with offices in Dubai and Singapore to serve international clients. The company is positioning for operational leverage through cost efficiency improvements and emerging market integration.

Cyborg Score Rationale

AUM grew 5.9% with strong Q3 results generating 20% profit growth and 33% revenue growth YoY. Management targets cost-to-income ratio improvement to 45-46% from current 48.2-48.3% driven by ET Money, HNI nearing breakeven, and core business productivity gains. Strong fundamentals offset moderate valuation headwinds.

Top Insights

  • Q3 FY26 delivered strong momentum: ARR AUM ₹3.17 lakh crore, PAT ₹331 crore, net flows ₹14,758 crore (Jan 2026)
  • ET Money acquisition provides wealth-tech platform to enhance retail penetration and digital advisory capabilities
  • Global expansion through 360 ONE Global (Dubai, Singapore) addresses high-net-worth international client demand
  • Strategic cost reduction initiatives target 45-46% cost-to-income ratio, indicating management confidence in operational leverage

Named Competitors

  • HDFC Mutual Fund — Large asset manager with broad distribution
  • ICICI Prudential Mutual Fund — Diversified financial services and asset management
  • Angel One — Retail-focused wealth and investment platform
  • Motilal Oswal Wealth — Premium wealth advisory for HNI segment

Recent Developments

  • (Jan 2026) Q3 FY26 earnings: ARR AUM ₹3.17L crore, PAT ₹331 crore, net flows ₹14.76L crore
  • (Jan 2026) Stock gained 4%+ post-earnings as profit grew 20% YoY and revenue 33% YoY
  • (Jan 2026) Citi raises target price to ₹1,700 from ₹1,615
  • (2024) Acquired ET Money wealth-tech platform for ₹3.7 billion

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