360 One Mutual Funds: 5 Things to Know About This Funds House

360 One Mutual Funds is an established and prominent financial services provider that specializes in wealth and asset management. It was formerly known as the IIFL Mutual Fund. However, the brand made the transition to 360 One to reinforce its commitment to its clients.

In this article, we will cover everything you need to know about this mutual fund house.

About 360 One Mutual Fund

360 One Mutual Funds focuses on preserving, managing, and growing wealth. Their team of experts spans various asset classes. It also specializes in alternative investments, creating risk-adjusted alpha for clients.

Their core purpose is ‘performance plus,’ and with this, they aim to maintain a long-term and objective performance throughout market fluctuations. Their key features include:

1. Validated track record
2. Unbiased advice
3. Thorough investment framework
4. Innovative product strategies

5 Things You Need to Know About This Fund

Here are five things you should know before investing.

The Meaning Behind the Name

It was set up on March 23rd 2011 by an excellent team of fund managers and finance executives with a good amount of experience in the mutual funds sector.

With its headquarters in Mumbai, it started with the name IIFL Wealth but was rebranded in 2022 to 360 One. The 360 focused on the ‘holistic’ approach and ‘One’ emphasised ‘putting the customers first’.

Know the Founders

360 One was founded by Mr. Karan Baghat, who is today the MD, Founder, and CEO of the fund house.

Presently, the top fund managers of this fund house are Mr. Mayur Patel and Mr. Milan Mody. These two brilliant gentlemen bring strong mutual fund backgrounds by working in companies like DSP BlackRock, CRISIL, Tata Motors, ITI Mutual Fund and Brics Securities.

Investment Philosophy

360 One, with its client-centric approach, follows a well-defined investment philosophy. The team employs a top-down approach to identify promising sectors with growth potential. They carefully analyze macroeconomic trends, industry dynamics, and market conditions.

Simultaneously, they use a bottom-up, fundamentals-based approach to select individual stocks within these sectors. Rigorous research ensures that each stock aligns with their investment thesis.

Performance of AMC

Despite global uncertainties, the wealth and asset management sector in India has shown strength. India’s role in the Emerging Markets has attracted international investors. Local investors also continue to show faith in both private and public markets. This has proved well for this AMC.

The recent Public Non-Convertible Debentures (NCDs) from 360 ONE Prime were 8x oversubscribed in just one day. This shows the high level of trust and confidence people have in this brand.

Lead Performing Funds

List of Top Mutual 360 ONE Fund Schemes:  

1. 360 ONE Focused Equity Fund Direct-Growth
2. 360 ONE Dynamic Bond Fund Direct-Growth
3. 360 ONE Liquid Fund Direct-Growth
4. 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct-Growth
5. 360 ONE ELSS Nifty 50 Tax Saver Index Fund Direct-Growth
6. 360 ONE Quant Fund Direct-Growth

All these funds are part of the IIFL Mutual Funds.

Conclusion

This was all you needed to know about 360 One Mutual Fund.  By investing in mutual funds, you can focus on building wealth over time. While there are many mutual fund AMCs, you need to do some research to choose the best option. Happy Investing!