Regulatory22 May 2026, 11:45 am
360 ONE Asset Management Gets SEBI Nod for GIFT City Operations
AI Summary
360 ONE WAM LTD's wholly-owned subsidiary, 360 ONE Asset Management Limited (AMC), has received a 'No Objection' letter from SEBI on May 21, 2026, to undertake specific activities under Regulation 21(b) of the SEBI (Mutual Funds) Regulations, 2026. These activities will be conducted through 360 ONE Global Asset Management (IFSC) Limited (GAM), another wholly-owned subsidiary of AMC, in Gujarat International Finance Tec-City (GIFT City). The activities include providing management and advisory services to pooled assets and portfolio management services. AMC will infuse necessary capital into GAM and obtain final registration to commence operations at GIFT City.
Key Highlights
- 360 ONE AMC receives SEBI approval for GIFT City operations.
- AMC will offer management and advisory services to pooled assets.
- Portfolio management services will be provided for non-broad-based funds.
- AMC will invest capital in GAM for GIFT City operations.
- Final registration from IFSCA will be obtained before commencement.
Price Impact
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