What’s new

• SEBI issued a no-objection letter allowing 360 ONE's subsidiary to operate from GIFT City.
• The new entity, 360 ONE Global Asset Management (IFSC) Ltd, can serve offshore funds, insurance pools, and foreign portfolio investors.
• Capital infusion and final registration are pending before operations begin.

Why it matters

The approval opens a regulated pathway for 360 ONE to tap into GIFT City's growing pool of offshore capital and foreign investors. For a large-cap domestic asset manager, this is a low-cost entry into cross-border fund flows, though the venture's scale remains unquantified.

What we’re watching

• The size of the capital 360 ONE plans to inject into the IFSC entity.
• Timeline for obtaining final registration from the IFSC Authority.
• First fund launches and initial assets under management from the hub.

The full read

360 ONE has a clear runway into GIFT City. SEBI issued a no-objection letter to its subsidiary for a new entity, 360 ONE Global Asset Management (IFSC) Limited, to manage and advise offshore funds, insurance pools, and foreign portfolio investors. The approval is the regulatory green light. The company still needs to infuse capital and get final registration from the IFSC authority before it can deploy money. For a large-cap asset manager, this is a logical move into a hub designed to attract cross-border flows. The unquantified piece is the capital allocation. Without knowing how much 360 ONE plans to commit, this is a licence, not a business line. It's a first step, not a transformation.

Primary source: BSE · NSE