360 One Flexicap Fund Direct Plan-Growth: Insights and Performance Metrics- 2024

When it comes to investments, asset allocation, and allocating the assets mindfully at the right time is crucial. As the market is changing now and then, allocating assets according to the market is the key to achieving higher returns. However, this is not everyone’s job and thus if you want to invest in something so dynamic, you can look up to 360 One Flexicap Fund Direct Plan-Growth which offers long-term growth of your investments by investing across different market capitalizations without any limitations. 

This article will entail the details of 360 One Flexi cap Fund Direct-Growth. It will talk about not just the performance and returns, but also the risks and volatility involved, the key metrics, how you can invest in the 360 One Flexicap Fund, its NAV, and more. 

Fund Management and Objectives

360 One Flexicap Fund Direct Plan-Growth is managed by Mayur Patel and Rohit Vaidyanathan. Mayur Patel is a CA and CFA with rich experience in the mutual fund industry over the years. He is one of the known faces in the industry and managing this fund since its inception. Rohit Vaidyanathan is a new fund manager in the fund house who has started managing this fund along with Mayur from June 2024. 

As a flexi cap fund, the primary investment objective of 360 One Flexi cap Fund is to offer long-term growth of the assets under management. Capital appreciation using wise asset allocation techniques is what the fund is eyeing for. While the diversification across assets offers the cushion, the flexibility offers the ground for achieving higher returns, but the risks are also there which needs to be evaluated too. 

Flexi-cap funds offer the flexibility to the fund managers to invest in different market capitalizations according to the market conditions. As per SEBI, and AMFI 65% of the flexi-cap fund’s assets have to be invested into equity and equity-related instruments, however, the maximum is at the discretion of the fund manager. He can allocate assets as per the market scenario to achieve better returns or to diversify risks. 

Invest in 360 One Flexicap Fund Direct Plan-Growth with a free demat account!

How the 360 One Flexicap Fund Works?

The 360 One Flexicap Fund invests in stocks of different market cap – large, mid, and small and the proportion can be altered at any given point in time. It also invests in money market instruments if required at times to provide a cushion from high volatility in the market. 

• As at least 65% of the assets are invested into equity and equity-related instruments, the higher returns come from this portion. 
• Large-cap stocks offer stability in returns and provide a strong base during volatile market conditions. 
• The mid-cap stocks offer higher returns but at the same time possess a certain amount of risk. 
• Small-cap stocks in the fund offer the potential for the highest returns but carry the most amount of risk as well. 

The fund keeps on changing the asset allocation to achieve the highest returns. For instance, if the market is volatile, it shifts most of the assets to large-cap and even to money market instruments, as they offer better stability, while during a bull market, the assets are mostly shifted to mid and small-cap to utilize the growth potential. Since there is no individual capping on market cap, fund managers can shift assets entirely to small and mid-cap if they are offering great returns and markets are rallying, while if the markets are highly volatile, it can shift most of the assets to largecap stocks. 

This is the way the 360 One Flexicap Fund Growth fund manages its risks, diversifies the assets, and optimizes returns. 

Performance and Returns

360 One Flexicap Fund Direct Plan-Growth is a new fund that was launched in June 2023 and thus only one-year returns are available. However, in this one year, the fund has given a whopping return of 47.01% while the index it tracks which is BSE 500 TRI has offered around 32.10% during the same period. Even the funds in this category have an average of 34.54% return for the same period. 

Even in the past 6 months, it offered a 16.57% return which again beat the return of the BSE 500 TRI index and the average of the category for the same period. 

In the past three months as well, it offered a return of 2.54% while the BSE 500 TRI offered a negative return of 0.30% and the category average stood at 1.42%. 

Having said that, in the past month, the 360 One Flexicap Fund Direct offered a negative return of 2.64% but it is still better than the negative return offered by the BSE 500 TRI and category average.

The current 360 One Flexicap Fund nav is Rs.15.5216 as of 8 November 2024.  

Investment Allocation

The 360 One Flexicap Fund Direct Plan-Growth portfolio consists of a diversified mix with 94.81% of its assets in equity and equity-related instruments and 5.19% in cash and cash equivalents. 

• Giant & Large Cap: 55.2%
• Mid Cap: 38.49%
• Small Cap: 6.31%

The fund’s total portfolio consists of 51 stocks, ensuring adequate diversification. 

The top 5 sectors contributing to the 360 One Flexicap Fund portfolio are:

• Financial Services – 25.66%
• Industrials – 22.22%
• Consumer Discretionary – 18.94%
• Technology – 15.35%
• Healthcare – 6.16%

The top 5 holdings in the 360 One Flexicap Fund portfolio include:

• HDFC Bank – 6.02%
• Tata Motors – 3.50%
• Dixon Technologies – 3.08%
• ICICI Bank – 2.99%
• Cholamandalam Investments – 2.99%

Key Metrics

As of 30 September 2024, the fund has an expense ratio of 0.41%, which is lower than the category average of 0.72%.

Fund Details	Information
AUM (Assets Under Management)	₹ 1148 Crore as of 31 October  2024
Category	Flexi Cap Fund
Fund Managers	Mayur Patel, Rohit Vaidyanathan
Exit Load	1% if redeemed within 12 months or 365 Days (except for 10% of investment)
Entry Load	Nil
Minimum Investment	₹1000 (Lumpsum & SIP)
Benchmark	BSE 500 TRI

The 360 One Flexicap Fund growth has delivered strong returns over various time frames except for the past month (as of 8 November 2024): 

• 1 Year Return: 47.01%
• 6 month: 16.57%
• 3 month: 2.54%
• 1 Month: -2.64%

Risk and Performance of 360 One Flexicap Fund

This fund is classified as a ‘Very High Risk’ fund, which means it can give higher returns, but at the same time, the chances of losing money are high as well. 

1. Standard Deviation (Std Dev %):

It shows how much the returns vary from the average. The higher this number, the more the returns fluctuate.

BSE 500 TRI has a standard deviation of 13.72%. Flexi-cap funds, in general, show an SD of 13.22%.

2. Sharpe Ratio:

This ratio indicates the return you get for the risk you’re taking. A higher number means better risk-adjusted returns.

BSE 500 TRI has a Sharpe ratio of 0.71%, while flexicap funds, on average, have 0.79%.

3. Sortino Ratio:

It is similar to Sharpe but only looks at downside risk (the risk of losing money).

The BSE 500 TRI has a Sortino ratio of 1.25%, while flexicap funds show 1.44%.

4. Beta:

This ratio indicates the volatility of the fund’s performance, compared to similar funds in the market. The lower the Beta, the more predictable the returns are, and vice versa. It helps in comparing funds. 

The beta for flexicap funds on average is around 0.91%, meaning it’s slightly less volatile than the market.

5. Alpha:

This measures the extra return the fund gives above the market’s average return.

For flexicap funds, the alpha is usually 1.51%. This means they have outperformed the market by 1.51%.

Taxation for 360 One FlexicapFund

If you’re investing in the 360 One Flexicap Fund, here’s how it will be taxable:

1. Short-Term Gains – If you sell the fund units within 1 year or 365 days of making the investments then you will be paying 20% on the total gains you make from the investments. 
2. Long-Term Gains – If you sell the fund units after one year, and your gain is within Rs. 1.25 lakh, then it will be exempted from taxes. For gains above Rs. 1.25 lakhs, you will be paying 12.5% as taxes. This is without any indexation benefit.

So, if you hold your investment for more than a year, you get tax benefits on your profits!

3. Dividends – If dividends are earned, then they will be taxable in the hands of the investors as per the tax slab he falls into. If the dividend income surpasses Rs. 5000 in a financial year, then the fund house will deduct 10% TDS before disbursing the dividend into the account of the investor. 

Minimum Investment and Lock-in Period

The minimum investment amount in 360 One Flexicap Fund is ₹1000 for both lump sum and SIP payments. There is no lock-in period for the 360 One Flexicap Fund Direct Plan-Growth.

Invest in 360 One Flexicap Fund Direct Plan-Growth — SIP or lump sum at zero brokerage for life!

How to Invest in 360 One Mutual Funds?

You can invest in the 360 One Flexicap Fund Direct Plan-Growth plan with Shoonya. 

Shoonya offers a free demat account, lifetime zero brokerage trading, advanced trading tools, 100+ technical indicators, and much more!

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:

1. First, you must log in to your Shoonya account at trade.shoonya.com. From the “Orders” section, click on “MF order.”
2. Search for the fund you wish to invest in; in this case, 360 One Flexicap Fund Direct Plan-Growth plan.
3. Choose “Fresh” for a new investment and enter the amount you want to invest.
4. You can complete your purchase by clicking the “Purchase” button.
5. You will receive a payment link on your registered email. 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 360 One Flexicap Fund Direct Plan-Growth plan, you must follow these steps:

1. First, you need to log in to your Shoonya account at trade.shoonya.com. Go to “Orders” and click on “XSIP.”
2. Find the mutual fund for which you want to set up an SIP. In this case, 360 One Flexicap Fund Direct Plan-Growth plan.
3. If this is your first SIP with Shoonya, you need to create a Mandate ID. 

For that, you must enter the mandate amount and the validity date (until you want to keep your SIP active).

4. 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:

1. Go to “XSIP,” enter the SIP amount, and select “Fresh” as the transaction type.
2. Choose the date when the SIP will be debited directly from your registered bank.
3. The approved Mandate ID will auto-reflect.
4. Choose “Monthly” for monthly debits and specify the number of installments (e.g., 24 installments for a 2-year SIP).

This process will help you invest systematically with ease.

Why Invest in 360 One Flexicap Fund?

Investing in 360 One Flexicap Fund can help you diversify your investment portfolio across large, mid, and small-cap stocks, and at the same time, your funds will be reallocated through the market cap according to the market scenario. 

The continuous monitoring of these funds and wise allocation of funds offer higher return potential to the investors who are looking for the same. 

As India is a developing economy, and the stock market in the country is booming, this fund can benefit from the economic condition of the country at present, and given the flexibility, it can also dodge the challenges present in the economy. 

Suitability of this Fund| Who Should Invest?

The 360 One Flexi cap Fund Direct is suitable for investors who:

• Looking for capital appreciation in the long run 
• Is a risk-taker as the fund is a very high risk fund but offers a higher potential for returns 
• Want to invest in a diversified fund with flexibility 

Conclusion

The 360 One Flexicap Fund Growth can be a great pick for risk-taking investors who are looking for higher returns and have the risk tolerance for higher volatility as well. Given the current market conditions, this fund can easily keep on rebalancing and reallocation assets to achieve the best possible returns. 

FAQs| 360 One Flexicap Fund Direct Plan-Growth plan

Source: Valueresearchonline, Moneycontrol

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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.