Motilal Oswal's research report on 360ONE WAM 360 ONE WAM (360ONE), erstwhile IIFL Wealth Management, is well placed to tide over a difficult environment in terms of savings, wherein the equity markets have been volatile and interest rates have been rising.
With a wide product portfolio, 360ONE is capable of countering the cyclicality as it is seeing strong traction in credit products and advisory mandates (IIFL One inflows of INR84b in 9MFY23 v/s INR35b in FY22).
The number of families per RM is expected to increase from 30-35 to 40-45.
A product for the mass affluent is expected to be launched in 1QFY24 under a separate brand.
Tech-related expenses are likely to be sustained as the company is developing a product for the mass affluent market and scaling up technology to support RMs.
Source - Money Control