Are you a long-term investor who has been looking to gain better returns from your portfolio but without adding excessive complexity? Did you know that focusing on fewer, high-quality stocks can often be a simpler and more effective investment path? Prioritising stocks with high growth potential lets you concentrate on quality over quantity. One option worth exploring is the 360 ONE Focused Equity Fund Direct Growth plan.
The 360 one focused equity fund portfolio invests in a concentrated selection of high-quality stocks.
Why should you consider 360 ONE Focused Equity Fund Direct Plan Growth?
This is because it aims to deliver strong capital appreciation and provides you with an opportunity for significant long-term growth. If you’re a risk-taker seeking potential rewards, this scheme might be just what you need.
In this article, we will share all the latest details related to 360 one focused equity fund nav in 2024.
Let’s start!
Fund Management and Purpose
The 360 ONE Focused Equity Fund was launched on 30-Oct-2014. Currently, it is managed by Mr Mayur Patel. The 360 One Focused Equity Fund Direct Growth scheme invests 75% to 100% in equities. However, 0% to 25% of the total investment is in debt and money market instruments.
If you’re looking to invest, the minimum amount for new or additional purchases is ₹1,000. You can also choose from various systematic investment plans (SIPs), with options starting at ₹1,000 per instalment.
Start your investment journey today with a free Demat account—invest in 360 One Focused Equity Fund Direct Growth!
Here is an overview of the 360 One Focused Equity Fund Direct Growth scheme:
- Old Name: IIFL Focused Equity Fund
- Scheme Code: 360O/O/E/FOC/14/08/0003
- Type of the Scheme: An open-ended equity scheme investing in a maximum of 30 multi-cap stocks
- Investment Objective: It aims to generate long-term capital appreciation for investors from a portfolio of equity and equity-related securities
- Liquidity: Units may be redeemed on every business day at NAV-based prices; redemption proceeds dispatched within 3 business days of the request
- Benchmark: S&P BSE 500 Total Return Index (TRI)
Performance Overview and Returns
As of September 2024, the 360 One Focused Equity Fund Direct Growth plan AUM is ₹8177 Cr. It is essential to note that the fund has an expense ratio of 0.87%.
Since its inception, the 360 One Focused Equity Fund Direct Growth plan returns have been worth noticing. It has achieved:
- 35.33% return over the last year
- 25.11% return over the last two years
- 15.85% return over the last three years
Portfolio Allocation
The 360 ONE Focused Equity Fund Direct growth portfolio primarily invests in equities. It makes a substantial allocation of 96.31% in equity and 3.69% in cash and cash equivalents.
- The fund invests 52.44% in giant stocks, which is higher than the category average of 49.95%.
- It holds 21.25% in large stocks, close to the category average of 21.59%.
- The fund has 22.43% in mid stocks, exceeding the category average of 21.53%.
- It invests 3.87% in small stocks, while the category average is 7.99%.
- Average Market Capitalization: The average market cap of the fund is ₹1,97,229 Crore, which is higher than the category average of ₹1,81,109 Crore.
The 360 One Focused Equity Fund Direct Growth has 28 stocks in its portfolio. The top 10 stocks account for 56.08% of the assets, while the top 5 stocks contribute 33.71%.
360 One Focused Equity Fund Direct Growth: Top Holdings 2024
- HDFC Bank (Financial) with a P/E ratio of 19.15 and 8.59% of assets
- ICICI Bank (Financial) with a P/E ratio of 19.40 and 6.94% of assets
- Infosys (Technology) with a P/E ratio of 28.88 and 6.66% of assets
- Tata Motors (Consumer Discretionary) with a P/E ratio of 9.61 and 5.88% of assets
- NTPC (Energy & Utilities) with a P/E ratio of 20.50 and 5.63% of assets
- Cholamandalam Investment (Financial) with a P/E ratio of 27.89 and 5.09% of assets
- Bharti Airtel (Technology) with a P/E ratio of 101.62 and 4.98% of assets
- Larsen & Toubro (Industrials) with a P/E ratio of 34.46 and 4.52% of assets
- Indus Towers (Technology) with a P/E ratio of 12.13 and 4.37% of assets
Fund’s Risk and Returns
This fund is labelled as Very High Risk.
(As of September 30, 2024)
| Fund Name | Mean Return (%) | Standard Deviation (%) | Sharpe Ratio | Sortino Ratio | Beta | Alpha |
| 360 ONE Focused Equity Direct | 19.16 | 12.69 | 1.06 | 1.87 | 0.93 | 2.24 |
| BSE 500 Total Return Index | 17.81 | 12.95 | 0.93 | 1.72 | — | — |
| Equity: Flexi Cap | 18.42 | 12.59 | 1.01 | 1.85 | 0.91 | 1.73 |
- Mean Return (%): This shows the average return the fund has made over a period.
The 360 ONE Focused Equity Direct fund has an average return of 19.16%.
- Standard Deviation (%): This number indicates how much your returns of fund can vary. A higher number does mean more ups and downs.
For this, it’s 12.69%, which shows there exists fluctuation in its performance.
- Sharpe Ratio: This helps you understand how much return you’re getting for each unit of risk.
A higher Sharpe ratio (like 1.06 for this fund) is better.
- Sortino Ratio: Similar to the Sharpe ratio, but it only considers downside risk.
A higher number (like 1.87 here) is preferable.
- Beta: This measures how much the fund’s price moves compared to the market.
A beta of 0.93 means it’s slightly less volatile than the market.
- Alpha: This shows how much better (or worse) the fund has performed compared to what was expected.
An alpha of 2.24 means 360 One Focused Equity Fund Direct Growth has performed quite well compared to others.
Investment Details
Minimum Investment and Lock-in Period
For 360 One Focused Equity Fund Direct Growth, you would need to make a minimum investment of a lump-sum payment of ₹1,000. Not only this, if you wish to start an SIP, you can do that with a minimum of ₹1,000.
Also, the fund has no lock-in period, giving you flexibility in accessing your funds when needed.
Begin your journey with 360 ONE Focused Equity Fund Direct Growth plan, no brokerage required!
Taxation
When it comes to taxes on the 360 ONE Flexi-Cap Mutual Fund, here’s what you need to know:
- Short-term capital gains: If you sell your investment within a year, you’ll pay a tax of 15% on the profit.
- Long-term capital gains: If you hold your investment for more than a year, you’ll pay a tax of 10% on profits over ₹1 lakh in a financial year. Gains up to ₹1 lakh are tax-free.
- Dividends: The money you receive from dividends will be taxed according to your income tax slab rate.
This means that the tax you pay depends on how long you hold your investment and how much you earn from it.
Investment Details
You can start investing in the 360 ONE Focused Equity Fund Direct Growth with a minimum amount of ₹1,000. Regarding fees, if you choose to redeem your investment within 365 days, there will be a 1% exit load. This means you’ll pay a fee for withdrawing early.
How to Invest in 360 One Focused Equity Fund Direct-Growth
You can invest in Equitan y Fund with Shoonya. Not only does Shoonya offer zero brokerage trading, but it also provides AI powered stock analysis, technical tools and much more!
This is all that you need to invest in any mutual fund scheme.
Investing in Lump Sum Mutual Funds Through the Shoonya Web Platform
Here’s a quick guide on how to invest in lump sum mutual funds through the Shoonya web platform:
- First, you must log in to your Shoonya account at trade.shoonya.com. From the “Orders” section, click on “MF order.”
- Search for the fund you wish to invest in; in this case, 360 One Focused Equity Fund Direct Growth.
- Click on esh” for a new investment and enter the amount you wish to invest.
- You can complete your fund purchase by clicking the “Purchase” button.
- A payment link will be sent to your registered email. You must use the link to make the payment.
After payment, your mutual fund units will be allotted to your Demat account within T+2 days.
Note: You can only make the payment using the bank account registered with your Demat account.
Setting Up an SIP for Mutual Funds
If you prefer a Systematic Investment Plan (SIP) for Equity mutual Fund, you must follow these steps:
- First, you need to log in to your Shoonya account at trade.shoonya.com. Go to “Orders” and click on “XSIP.”
- Find the mutual fund for which you want to set up an SIP. In this case, select 360 One Focused Equity Fund Direct Growth.
- If this is your first SIP with Shoonya, you need to create a Mandate ID. Enter the Mandate amount and the validity date (until when you want to keep your SIP active).
- You must submit the details, and you’ll receive a Mandate authentication link via email. Approval generally takes 24 hours.
Once your Mandate is approved, you can follow these steps to set up your SIP:
- Go to “XSIP,” enter the SIP amount, and click on “Fresh” as the transaction type.
- Choose the date when the SIP will be debited directly from your registered bank.
- The approved Mandate ID will auto-reflect.
- Choose “Monthly” for monthly debits and specify the number of instalments (e.g., 24 instalments for a 2-year SIP).
This process will help you invest systematically with ease.
What is an Open Ended Flexi Cap Fund
An open-ended flexi-cap mutual fund is a type of investment fund that allows you to invest in a variety of stocks without being limited to a specific size of the company.
This means you can buy or sell your investment in the fund at any time. There are no restrictions on when you can enter or exit, making it flexible for investors. Flexi-cap refers to the fund’s ability to invest in companies of all sizes—large, mid, and small.
Why Should You Consider a Flexi-cap Mutual Fund?
Since the fund invests in different types of companies, your investment is well diversified. You can easily buy or sell your shares in the fund whenever you want, providing flexibility in accessing your money.
FAQs| 360 One Focused Equity Fund Direct-Growth
As of October 28, 2024, 360 ONE Focused Equity Fund – Direct Plan NAV is ₹52.3508.
As of September 30, 2024, the AUM for the 360 ONE Focused Equity Fund – Direct Plan is ₹8,177 Cr.
The 360 ONE Focused Equity Fund – Direct Plan focuses on investing at least 65% of its assets in equity stocks. Since it has a focused investment strategy, it holds a maximum of 30 stocks in its portfolio.
The riskometer level for this fund is rated as Very High. This means it comes with a higher level of risk. Thus, you must analyse your risk taking ability before investing.
A direct growth fund is a mutual fund where you invest directly with the fund house. This means your returns are automatically reinvested, helping your investment grow faster!
The 360 ONE Mutual Fund used to be known as IIFL Mutual Fund.
If you redeem the 360 ONE Focused Equity Fund within 12 months, there’s an exit load of 1%. It’s good to be aware of these fees when planning your investments!
Source: ValueResearch
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.