360 ONE WAM Limited's offshore unit, 360 ONE Global Asset Management (IFSC) Limited, has received a Certificate of Registration from the IFSCA as a Registered Fund Management Entity (Retail). Operating from GIFT City, the license empowers the firm to manage retail funds, AIFs, and portfolio services for global investors.
GANDHINAGAR, India — 360 ONE WAM Limited’s offshore subsidiary, 360 ONE Global Asset Management (IFSC) Limited, has received a formal Certificate of Registration from the International Financial Services Centres Authority (IFSCA) to act as a Registered Fund Management Entity (Retail). Announced via statutory disclosures filed with stock exchange desks, the regulatory authorization permits the Mumbai-headquartered wealth management group to launch, structure, and manage retail fund schemes, alternative investment funds (AIFs), and discretionary portfolio management services directly out of Gujarat International Finance Tec-City (GIFT City). The certification marks a strategic milestone in expanding India’s offshore financial services hub while broadening global asset allocation access for domestic and international investors.
IFSCA Certification and Registration Scope
According to regulatory filings submitted under stock exchange listing mandates, the Certificate of Registration granted by the IFSCA authorizes 360 ONE Global Asset Management (IFSC) Limited to operate under the "Retail" Fund Management Entity (FME) category.
Under the IFSCA (Fund Management) Regulations, 2022, a Registered FME (Retail) holds the highest regulatory clearance tier within GIFT IFSC, enabling the entity to manage both retail and non-retail schemes. This authorization allows 360 ONE WAM to:
Launch Retail Schemes: Offer mutual fund-style open-ended and closed-ended investment funds targeting global retail investors.
Manage Alternate Investment Funds (AIFs): Establish Category I, II, and III AIFs in GIFT City catering to high-net-worth individuals (HNWIs) and institutional clients.
Offer Portfolio Management Services (PMS): Structure personalized discretionary and non-discretionary investment portfolios across international equities, global debt, and multi-asset classes.
| Regulatory Framework | Official Registration Detail |
| Parent Entity | 360 ONE WAM Limited (formerly IIFL Wealth Management) |
| Operating Subsidiary | 360 ONE Global Asset Management (IFSC) Limited |
| Regulatory Body | International Financial Services Centres Authority (IFSCA) |
| Registration Category | Registered Fund Management Entity (Retail) |
| Operating Jurisdiction | GIFT City IFSC, Gandhinagar, Gujarat |
Corporate Context and Global Asset Strategy
360 ONE WAM Limited is one of India's largest wealth and asset management firms, managing tens of billions of dollars in client assets across wealth advisory, private equity, public markets, and real assets.
Historically operating through onshore units supervised by the Securities and Exchange Board of India (SEBI), 360 ONE WAM has increasingly expanded its international footprint to serve Non-Resident Indians (NRIs), global family offices, and foreign portfolio investors (FPIs) seeking structured access to Indian growth markets. Securing the IFSCA retail fund management license enables the group to route dollar-denominated global investments into Indian capital markets while offering Indian high-net-worth investors compliant foreign asset allocation under the Reserve Bank of India’s Liberalised Remittance Scheme (LRS).
Sector Impact for GIFT City and Investors
For financial markets and wealth management clients, the entry of major asset managers into GIFT City's retail FME framework strengthens the financial hub’s competitive position relative to established international financial centers like Singapore and Dubai.
For Retail & HNW Investors: Provides tax-efficient, dollar-denominated mutual funds and investment strategies managed by experienced Indian portfolio managers.
For Non-Resident Indians (NRIs): Simplifies cross-border wealth management and portfolio diversification through a unified regulatory environment in GIFT City.
For Capital Markets: Accelerates foreign capital inflows into Indian equity and debt securities via offshore fund vehicles.
Official Sources Section
All details regarding the registration certificate, regulatory categories, and corporate structure cited in this report originate directly from official disclosures and statutory filings submitted by 360 ONE WAM Limited to the National Stock Exchange of India, BSE Limited, and notifications from the International Financial Services Centres Authority.
Statement from Management
According to officials familiar with the regulatory filing, securing full retail fund management status aligns with the group's global scaling roadmap.
"According to officials, receiving the Certificate of Registration as a Retail Fund Management Entity from the IFSCA allows 360 ONE WAM to expand its product ecosystem out of GIFT City, enabling seamless cross-border investment solutions for global and domestic investors."
Why It Matters
The IFSCA certification holds practical implications across multiple investor segments and operational domains:
Expanded Offshore Access: Enables 360 ONE WAM to pool global capital and issue dollar-denominated retail fund units.
Tax Efficiency: Leverages GIFT IFSC's tax incentives, including corporate tax exemptions and zero capital gains tax on specified offshore transfers.
Product Diversification: Opens broader avenues for multi-asset funds, private credit, and global equity strategies managed directly out of India.
Key Facts at a Glance
License Granted: 360 ONE Global Asset Management received an IFSCA Certificate of Registration as a Retail Fund Management Entity.
Operating Base: Based in GIFT City IFSC, Gandhinagar, Gujarat.
Product Capabilities: Authorized to launch retail fund schemes, alternate investment funds (AIFs), and portfolio management services.
Target Audience: Serves global retail investors, NRIs, family offices, and domestic HNWIs seeking international diversification.
Frequently Asked Questions (FAQ)
What certificate did 360 ONE WAM's unit receive from the IFSCA?
360 ONE Global Asset Management (IFSC) Limited received a Certificate of Registration as a Registered Fund Management Entity (Retail) from the IFSCA.
What is the significance of the "Retail" category under IFSCA regulations?
The "Retail" category is the highest tier of fund management registration under IFSCA rules, permitting the entity to manage retail funds, alternate investment funds (AIFs), and portfolio management services.
Where is the licensed 360 ONE WAM unit located?
The unit operates out of the Gujarat International Finance Tec-City (GIFT City) IFSC in Gandhinagar, Gujarat.
Where can investors verify official disclosures regarding 360 ONE WAM?
Official disclosures and statutory notifications are available on the portals of the National Stock Exchange of India, BSE Limited, and the IFSCA.
Source: Official regulatory disclosures and statutory notifications filed with BSE Limited, the National Stock Exchange of India, and the International Financial Services Centres Authority.
