Bulk Deal: India’s Largest Mutual Fund Buys 35,13,441 Shares in Wealth Management Stock; Do You Own It?

On Friday, Indian equity markets witnessed profit booking, with the Nifty 50 slipping below the 24,200 mark. However, stock-specific activity continued to remain strong on the bourses.

One stock that stayed in focus was 360 ONE WAM Ltd, formerly known as IIFL Wealth Management Ltd. The company holds a strong position in the wealth management business and caters to high-net-worth individuals, ultra-high-net-worth individuals, families and corporates.

The stock drew market attention after touching a more than two-month high, supported by a bulk deal in which SBI Mutual Fund bought a stake in the company. SBI Mutual Fund is the largest fund house in India by total assets under management as of March 2026.

As per bulk deal data, SBI Mutual Fund purchased 35,13,441 shares of 360 ONE WAM at an average price of Rs 1,115 per share on May 8. On the same day, Times Internet Ltd sold 35,90,000 shares of the company at an average price of Rs 1,115.01 per share.

360 ONE WAM Share Price Performance

360 ONE WAM share price gained nearly 8 per cent last week. The stock had also shown strength in the previous month, rising around 9 per cent in April.

The recent movement in the stock comes after the company reported its financial performance for the year ended March 31, 2026.

FY26 Business Performance

For FY26, 360 ONE WAM reported total assets under management of Rs 6,74,492 crore. This included ARR AUM of Rs 3,11,940 crore and transactional/brokerage AUM of Rs 3,62,552 crore.

In the wealth management business, ARR AUM rose to Rs 2,16,734 crore, registering a growth of 33.4 per cent YoY. The growth was supported by net flows across segments. The company’s 360 ONE Plus proposition grew by 36.7 per cent YoY, while the distribution and lending businesses grew by 30.9 per cent YoY and 37.1 per cent YoY, respectively.

The company currently manages assets for more than 8,500 families and corporates.

In the asset management business, ARR AUM increased to Rs 95,206 crore, up 12.8 per cent YoY. The growth was driven by net flows across private equity, credit and hybrid, and real assets segments. Private equity AUM grew by 13.2 per cent YoY, credit and hybrid AUM rose by 26.7 per cent YoY, while real assets AUM increased by 67.2 per cent YoY.

FY26 Financial Performance

For the year ended March 31, 2026, 360 ONE WAM reported total revenue of Rs 3,144 crore, up 18.6 per cent YoY, driven by strong growth in ARR AUM and improved retentions.

Revenue from operations stood at Rs 3,066 crore, registering a growth of 25.4 per cent YoY. ARR revenue increased by 34.5 per cent YoY to Rs 2,289 crore.

The company’s combined ARR retention improved to 78 basis points, compared to 73 basis points in FY25. Within this, wealth management retention stood at 76 basis points, while asset management retention came in at 83 basis points.

Consolidated profit after Tax rose to Rs 1,225 crore, up 20.7 per cent YoY from Rs 1,015 crore in FY25. The company’s tangible net worth stood at Rs 6,722 crore, while tangible return on equity was 19.3 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.