360 ONE WAM Targets 12-13% Ultra-Wealth Market Share Growth
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source below360 ONE WAM aims to increase its market share in India's ultra-high-net-worth wealth segment from nearly 10% to 12-13% in the coming years. India has about 40,000 to 45,000 families with financial wealth exceeding Rs500m ($5.2m), and 360 ONE targets to engage approximately a quarter of these families as clients. The company issued 20.5 million warrants to UBS at Rs1,030 each, enhancing its partnerships. This expansion matters for investors as it indicates growth potential in the wealth management sector, particularly among high-net-worth individuals.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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