This company is profiting from India’s wealth boom in a massive way
3 weeks, 4 days ago

This company is profiting from India’s wealth boom in a massive way

Live Mint  

In our previous analysis, we highlighted the immense growth potential of the wealth management sector and discussed a company that deserves your attention. View Full Image Wealth management accounts for 65% of 360 One's revenue. 360 One's wealth management segment The wealth management segment is the largest, with assets under management growing at a CAGR of 26.1% over the last five years, reaching ₹3.94 trillion in FY24. The wealth management segment is well-diversified, offering advisory services through 360 One Plus, distribution of asset classes, lending, and broking services. TBR revenue has grown at a CAGR of 9.2% in the last five years to ₹515 crore in FY24, contributing 38% to the segment revenue of ₹1,362 crore.

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History of this topic

Can this mid-cap company take the lead in the exploding $1.2 trillion wealth management business?
3 weeks, 5 days ago

Can this mid-cap company take the lead in the exploding $1.2 trillion wealth management business?

Live Mint  

Think about it: The number of taxpayers filing returns of over ₹1 crore has increased fivefold in a decade, from 44,078 in 2012-13 to 230,000 in 2022-23. Further, MOFSL estimates that more HNIs and UHNIs will help the wealth management sector grow at a CAGR of 13-14% over the next four to five years, from the current $1.2 trillion to …

Anarock raises around ₹200 crore funding from 360 ONE Asset
11 months ago

Anarock raises around ₹200 crore funding from 360 ONE Asset

Hindustan Times  

Independent real estate consultancy Anarock has announced an investment of around ₹200 crore from 360 ONE Asset Management Limited, an alternate asset manager, to enhance its tech infrastructure, accelerate its expansion, and introduce innovations. Independent real estate consultancy Anarock has announced an investment of around ₹ 200 crore from 360 ONE Asset Management Limited, an alternate asset manager. Sameer Nath, …

360 One Prime aims to raise ₹1,000 crore via debt issuance
1 year ago

360 One Prime aims to raise ₹1,000 crore via debt issuance

Live Mint  

Non-banking financial company 360 One Prime, formerly known as IIFL Wealth Prime, announced on January 8 that it plans to raise up to ₹1,000 crore through maiden public issue of secured, rated, listed, redeemable Non-Convertible Debentures. The solutions offered by our Company are customized as per the clients' requirements and credit profile," Karan Bhagat, Founder, MD & CEO, 360 ONE …

How will good wealth manager of future look like?
4 years ago

How will good wealth manager of future look like?

Live Mint  

By Prateek Mehta The wealth management and advisory landscape in India has gone through a tremendous transformation over the last decade and two. Over the years, good wealth managers have been able to demonstrate the role wealth managers play in generating true financial value for a multitude of Indian investors. The 2001 tech bubble, 2008 global financial crisis, 2012 Eurozone …

IIFL Wealth makes good debut as investors raise bets on wealth management biz
5 years, 3 months ago

IIFL Wealth makes good debut as investors raise bets on wealth management biz

Live Mint  

IIFL Wealth Management Ltd made its debut on the bourses, listing at ₹1,210 and hitting the upper circuit of 5%. As it is among the first wealth management firms to be listed, investors seem to be comparing it with the two listed asset management firms -- HDFC Asset Management Company Ltd and Reliance Nippon Life Asset Management Company Ltd. On …

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