Motilal Oswal: Buy 360 ONE WAM, Target Rs 1350

• Motilal Oswal recommends a 'BUY' rating for 360 ONE WAM with a target price of Rs 1350.
• The recommendation is based on India's expanding HNI population and rising adoption of financial products.
• 360 ONE WAM has shown significant AUM growth, from ~INR580b in FY21 to ~INR2t currently, with a strong UHNI platform.
• Strategic acquisitions (B&K, ET Money) and collaboration with UBS have strengthened its full-stack wealth ecosystem, diversifying revenue and expanding markets.
• The outlook projects ~1.5x growth in ARR AUM by FY28, driven by improving ARR revenue mix and stable flow momentum.

Why It Matters: This offers an investment opportunity in 360 ONE WAM stock.