Ventura Securities report on 360 ONE WAM
360 ONE WAM offers diversified investment solutions across asset management, wealth management, and advisory services, focusing on HNWIs and institutions with personalized, research-driven strategies on an open-architecture platform. In the fiercely competitive wealth management space, 360 ONE WAM Ltd. (360 ONE), ranks numero uno among the non banking peers with an AUM of 5.2 Lakh crore. Given that wealth management industry is expected double to $2.3 trillion by FY29, 360 ONE is best placed to benefit from this. The firm’s AUM is expected to grow at a 16% CAGR, reaching approximately INR 7.3 lakh crore by FY29.
Outlook
We initiate coverage with a BUY rating and a target price of INR 1058, implying a 11.9% upside. At 30x FY27 EPS, 360 ONE is attractively valued relative to its growth potential.
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